Common use of Proof of Default Clause in Contracts

Proof of Default. Proof that the Issuer or the Guarantor has failed to pay a sum due to the holder of any one Bond will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Bonds which are then payable.

Proof of Default. Proof that the Issuer or the Guarantor has failed to pay a sum due to the holder of any one (1) Bond will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Bonds which are then payable.

Proof of Default. Proof that the Issuer or the Guarantor has failed to pay a sum due to the holder of any one Bond will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Bonds which are then payable.

Proof of Default. Proof that the Issuer or the Guarantor has failed to pay a sum due to the holder of any one Bond in its capacity as a Bondholder will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Bonds which are then payable.

Proof of Default. Proof that the Issuer or the Guarantor has failed to pay a sum due to the holder of any one Bond or Coupon will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Bonds or Coupons which are then payable.