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.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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