There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 13 - Territorial Applicability and General Rules
Section 1309 - Option to accelerate at will
§ 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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