Colorado Clauses Relating to Transactions with Insiders
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How to fill out Clauses Relating To Transactions With Insiders?
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FAQ
An acceleration clause generally requires that all future payments under a contract become immediately due and payable upon the occurrence of a triggering event, such as a missed payment.
'Due' means any sum that a person is legally liable to pay, irrespective of whether the time for payment has arrived. 'Payable' means a debt that is due, that is, legally liable to be paid, but also where the time for payment has arrived and an action could be maintained in respect of it.
