SECTION 304 Sample Clauses

SECTION 304 typically outlines the procedures and requirements for the early termination or acceleration of obligations under a contract. In practice, this clause may specify the conditions under which a party can demand immediate repayment or performance, such as upon the occurrence of certain events like default or insolvency. By clearly defining these triggers and the resulting actions, SECTION 304 helps allocate risk between the parties and ensures that both sides understand the consequences of specific events, thereby promoting certainty and protecting the interests of the parties involved.