Common use of Proof of Default Clause in Contracts

Proof of Default. If it is proved that as regards any specified Note or Coupon the Issuer has made default in paying any sum due to the relevant Noteholder or Couponholder such proof will (unless the contrary be proved) be sufficient evidence that the same default has been made as regards all other Notes and Coupons (as the case may be) which are then payable.

Proof of Default. If it is proved that as regards any specified Note or Coupon the Issuer or any Guarantor has made a default in paying any sum due to the relevant Noteholder or Couponholder such proof will (unless the contrary be proved) be sufficient evidence that the same default has been made as regards all other Notes and Coupons (as the case may be) which are then payable.

Proof of Default. If it is proved that as regards any specified Note or Coupon the Issuer has made default in paying any sum due to the relevant Noteholder or Couponholder Noteholder, such proof will (unless the contrary be proved) be sufficient evidence that the same default has been made as regards all other Notes and Coupons (as the case may be) which are then payable.

Proof of Default. If it is proved that as regards any specified Note or Coupon the Issuer has made default in paying any sum due to the relevant Noteholder or Couponholder such proof will (unless the contrary be proved) be sufficient evidence that the same default has been made as regards all other Notes and Coupons (as the case may be) which are then payable.

Proof of Default. If Whenever it is proved that as regards any specified Note Note, Receipt, Coupon or Coupon Talon the Issuer has made default in paying any sum principal or interest due to the relevant Noteholder or Couponholder such proof will (unless the contrary be proved) such proof shall be sufficient evidence that the same default has been made as regards all other Notes and Coupons (as of the case may be) which are then payablesame Series.

Proof of Default. If it is proved that as regards any specified Note or Coupon the Issuer has made default in paying any sum due to the relevant Noteholder or Couponholder such proof will (unless the contrary be proved) be sufficient evidence that the same default has been made as regards all other Subordinated Notes and Coupons (as the case may be) which are then payable.