Common use of Acceleration Upon Default Clause in Contracts

Acceleration Upon Default. In the event Recipient is in default, the principal, together with a 5% fee thereon and liquidated damages, shall become immediately due and payable without notice or demand at the Commission's option.

Appears in 6 contracts

Samples: oklahoma.gov, oklahoma.gov, oklahoma.gov

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Acceleration Upon Default. In the event Recipient is in default, the principal, together with a 5% fee thereon and liquidated damages, shall become immediately due and payable without notice or demand at the Commission's option.

Appears in 1 contract

Samples: pmtc.ok.gov

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