Common use of Termination and Acceleration Clause in Contracts

Termination and Acceleration. After expiration of the time to cure your default, if any, and you fail to cure the default, we may terminate your ability to obtain further advances of credit under this Agreement, declare the entire balance of your loan immediately due and payable, and we may exercise our rights in connection with any collateral, without further notice or demand. You shall promptly return all Cards and all unused Convenience Checks that have been issued to you.

Appears in 2 contracts

Sources: Commercial Credit Card Agreement, Commercial Credit Card Agreement