47-1309. Option to accelerate at will
A term providing that one party or that party's successor in interest may accelerate
payment or performance or require collateral or additional collateral "at will" or when
the party "deems itself insecure", or words of similar import, means that the party has
power to do so only if that party in good faith believes that the prospect of payment or
performance is impaired. The burden of establishing lack of good faith is on the party
against which the power has been exercised.
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