Common use of Evidence of Default Clause in Contracts

Evidence of Default. Unless the contrary be proved, proof that as regards any specified Current Issuer Note the Current Issuer has made default in paying any amount due in respect of such Current Issuer Note shall be sufficient evidence that the Current Issuer has made the like default as regards all other Current Issuer Notes in respect of which the corresponding amount is then due and payable in accordance with the Current Issuer Conditions and for the purposes of this Clause 6.3 (Evidence of Default) an amount shall be a corresponding amount notwithstanding that it is due in respect of a Current Issuer Note of a different denomination from that in respect of the above specified Current Issuer Note. The Note Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Note Trustee and the Noteholders allowed in any judicial proceedings relative to the Current Issuer, its creditors or its property.

Appears in 17 contracts

Samples: Granite Mortgages 03-1 PLC, Granite Mortgages 03-1 PLC, Granite Mortgages 03-2 PLC

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Evidence of Default. Unless the contrary be proved, proof that as regards any specified Current Issuer Note the Current Master Issuer has made default in paying any amount due in respect of such Current Issuer Note shall be sufficient evidence that the Current Master Issuer has made the like default as regards all other Current Issuer Notes in respect of which the corresponding amount is then due and payable in accordance with the Current Issuer Conditions and the provisions of the applicable Pricing Supplement to such Issuer Note and for the purposes of this Clause 6.3 6.4 (Evidence of Default) an amount shall be a corresponding amount notwithstanding that it is due in respect of a Current an Issuer Note of a different denomination from that in respect of the above specified Current Issuer Note. The Note Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Note Trustee and the Noteholders allowed in any judicial proceedings relative to the Current Master Issuer, its creditors or its property.

Appears in 1 contract

Samples: Granite Finance Funding 2 LTD

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Evidence of Default. Unless the contrary be proved, proof that as regards any specified Current Issuer Note the Current Master Issuer has made default in paying any amount due in respect of such Current Issuer Note shall be sufficient evidence that the Current Master Issuer has made the like default as regards all other Current Issuer Notes in respect of which the corresponding amount is then due and payable in accordance with the Current Issuer Conditions and the provisions of the applicable Note Supplement to such Issuer Note and for the purposes of this Clause 6.3 6.4 (Evidence of Default) an amount shall be a corresponding amount notwithstanding that it is due in respect of a Current an Issuer Note of a different denomination from that in respect of the above specified Current Issuer Note. The Note Trustee may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Note Trustee and the Noteholders allowed in any judicial proceedings relative to the Current Master Issuer, its creditors or its property.

Appears in 1 contract

Samples: Granite Finance Trustees LTD

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