Common use of Acceleration Clause Clause in Contracts

Acceleration Clause. In the occurrence that the DEBTOR fails to render payment upon reaching fifteen (15) days after the scheduled payment plan, the full amount of the deficiency shall become due and demandable. Any further failure shall give rise to the right to the CREDITOR to demand for damages.

Acceleration Clause. In the occurrence that the DEBTOR fails to render payment upon reaching fifteen fifteen (15) days after the scheduled payment plan, the full amount of the deficiency deficiency shall become due and demandable. Any further failure shall give rise to the right to the CREDITOR to demand for damages.