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 Note, Receipt or Coupon shall (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts or Coupons that 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 Note, Receipt or Coupon shall (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts or Coupons that 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 Note, Receipt Note or Coupon shall will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts Notes or Coupons that 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 Note, Receipt or Coupon shall Note will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts or Coupons that Notes which are then payable.

Proof of Default. Proof that the Issuer or or, as the case may be, the Guarantor has failed to pay a sum due to the holder of any one Note, Receipt or Coupon shall (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts or Coupons that 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 the relevant Note, Receipt or Coupon shall (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other relevant Notes, Receipts or Coupons that are then payable.

Proof of Default. Proof that either the Issuer or the any Guarantor has failed to pay a sum due to the holder of any one Note, Receipt or Coupon shall Note will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts or Coupons that Notes 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 Note, Receipt Note pursuant to the Notes or Coupon shall the Guarantee will (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts or Coupons that Notes which are then payable.

Proof of Default. Proof that the relevant Issuer or the Guarantor relevant Guarantors) has failed to pay a sum due to the holder of any one Note, Receipt or Coupon shall (unless the contrary be proved) be sufficient evidence that it has made the same default as regards all other Notes, Receipts or Coupons that are then payable.