400.2A-109. Option to accelerate at will.
Option to accelerate at will.
400.2A-109. A term providing that one party or hissuccessor in interest may accelerate payment or performance orrequire collateral or additional collateral "at will" or "when hedeems himself insecure" or in words of similar import must beconstrued to mean that he has power to do so only if he in goodfaith believes that the prospect of payment or performance isimpaired.
(L. 1992 S.B. 448)