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Acceleration Clause
Acceleration Clause
performance due from a party upon a breach of the contract. Such clauses are most prevalent in mortgages
and similar contracts to purchase real estate in installments.
A clause included in certain debt securities and swap agreements stating that the immediate collection of
payment and termination of contract will take place should any number of clauses being violated by the
borrower including default or a downgrade of debt. Also referred to as "acceleration clause."
PROMISSORY NOTE
INSTALLMENT - WITH ACCELERATION CLAUSE
Signatures Address
_______________________ _______________________________
Borrower
_______________________ _______________________________
Co-Maker