Okla. Stat. tit. 12A, § 12A-2A-523: Lessor's remedies

LESSOR'S REMEDIES

(1) If a lessee wrongfully rejects or revokes acceptance of

goods or fails to make a payment when due or repudiates with respect

to a part or the whole, then, with respect to any goods involved,

and with respect to all of the goods if under an installment lease

contract the value of the whole lease contract is substantially

impaired (Section 2A-510 of this title), the lessee is in default

under the lease contract and the lessor may:

(a) cancel the lease contract (subsection (1) of Section

2A-505 of this title);

(b) proceed respecting goods not identified to the lease

contract (Section 2A-524 of this title);

(c) withhold delivery of the goods and take possession of

goods previously delivered (Section 2A-525 of this

title);

(d) stop delivery of the goods by any bailee (Section 2A-

526 of this title);

(e) dispose of the goods and recover damages (Section 2A-

527 of this title), or retain the goods and recover

damages (Section 2A-528 of this title), or in a proper

case recover rent (Section 2A-529 of this title); or

(f) exercise any other rights or pursue any other remedies

provided in the lease contract.

(2) If a lessor does not fully exercise a right or obtain a

remedy to which the lessor is entitled under subsection (1) of this

section, the lessor may recover the loss resulting in the ordinary

course of events from the lessee's default as determined in any

reasonable manner, together with incidental damages, less expenses

saved in consequence of the lessee's default.

(3) If a lessee is otherwise in default under a lease contract,

the lessor may exercise the rights and pursue the remedies provided

in the lease contract, which may include a right to cancel the

lease. In addition, unless otherwise provided in the lease

contract:

(a) if the default substantially impairs the value of the

lease contract to the lessor, the lessor may exercise

the rights and pursue the remedies provided in

subsection (1) or (2) of this section; or

(b) if the default does not substantially impair the value

of the lease contract to the lessor, the lessor may

recover as provided in subsection (2) of this section.