Common use of Proof of Default Clause in Contracts

Proof of Default. Should the Trustee take legal proceedings against the Issuer or the Guarantor (as the case may be) to enforce any of the provisions of this Trust Deed: (a) proof therein that as regards any specified Note the Issuer or the Guarantor (as the case may be) has made default in paying any principal, premium or interest due in respect of such Note shall (unless the contrary be proved) be sufficient evidence that the Issuer or the Guarantor (as the case may be) has made the like default as regards all other Notes which are then due and repayable; and (b) proof therein that as regards any specified Coupon the Issuer or the Guarantor (as the case may be) has made default in paying any interest due in respect of such Coupon shall (unless the contrary be proved) be sufficient evidence that the Issuer or the Guarantor (as the case may be) has made the like default as regards all other Coupons which are then due and payable.

Proof of Default. Should the Trustee take legal proceedings against the relevant Issuer or the Guarantor relevant Guarantor(s) (as the case may be) to enforce any of the provisions of this Trust Deed: (a) proof therein that as regards any specified Note the relevant Issuer or the Guarantor relevant Guarantors) (as the case may be) has made default in paying any principal, premium or interest due in respect of such Note shall (unless the contrary be proved) be sufficient evidence that the relevant Issuer or the Guarantor relevant Guarantor(s) (as the case may be) has made the like default as regards all other Notes which are then due and repayable; and (b) proof therein that as regards any specified Coupon the relevant Issuer or the Guarantor relevant Guarantors) (as the case may be) has made default in paying any interest due in respect of such Coupon shall (unless the contrary be proved) be sufficient evidence that the relevant Issuer or the Guarantor relevant Guarantor(s) (as the case may be) has made the like default as regards all other Coupons which are then due and payable.

Proof of Default. Should the Bond Trustee take legal proceedings against the Issuer or the Guarantor (as the case may be) to enforce any of the provisions of this Trust Deed: (a) 6.2.1 proof therein that as regards any specified Note Bond the Issuer or the Guarantor (as the case may be) has made default in paying any principal, premium or interest due in respect of such Note Bond shall (unless the contrary be proved) be sufficient evidence that the Issuer or the Guarantor (as the case may be) has made the like default as regards all other Notes Bonds which are then due and repayable; and (b) 6.2.2 proof therein that as regards any specified Receipt or Coupon the Issuer or the Guarantor (as the case may be) has made default in paying any interest due in respect of such Receipt or Coupon shall (unless the contrary be proved) be sufficient evidence that the Issuer or the Guarantor (as the case may be) has made the like default as regards all other Receipt or Coupons which are then due and payable.

Proof of Default. Should the Trustee take legal proceedings against the relevant Issuer or the Guarantor relevant Guarantors (as the case may be) to enforce any of the provisions of this Trust Deed: (a) 7.2.1 proof therein that as regards any specified Note the relevant Issuer or the Guarantor relevant Guarantors (as the case may be) has have made default in paying any principal, premium or interest due in respect of such Note shall (unless the contrary be proved) be sufficient evidence that the relevant Issuer or the Guarantor relevant Guarantors (as the case may be) has have made the like default as regards all other Notes which are then due and repayable; repayable and (b) 7.2.2 proof therein that as regards any specified Coupon the relevant Issuer or the Guarantor relevant Guarantors (as the case may be) has have made default in paying any interest due in respect of such Coupon shall (unless the contrary be proved) be sufficient evidence that the relevant Issuer or the Guarantor relevant Guarantors (as the case may be) has have made the like default as regards all other Coupons which are then due and payable.