Common use of Evidence of Default Clause in Contracts

Evidence of Default. If the Trustee (or any Noteholder or Couponholder where entitled under this Trust Deed so to do) makes any claim, institutes any legal proceeding or lodges any proof in a winding-up or insolvency of the Issuer or any Guarantor under this Trust Deed or under the Notes, proof therein that:

Evidence of Default. If the Trustee (or any Noteholder or Couponholder where entitled under this Trust Deed so to do) makes any claim, institutes any legal proceeding or lodges any proof in a winding-winding up or insolvency of the Issuer or any and/or the Guarantor under this Trust Deed or under the Notes, proof therein that:that as regards any specified Note, the Issuer and/or the Guarantor has made default in paying any principal due in respect of such Note shall (unless the contrary be proved) be sufficient evidence that the Issuer and/or the Guarantor has made the like default as regards all other Notes.‌