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.

Appears in 2 contracts

Samples: Trust Deed (Simon Property Group L P /De/), Trust Deed

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Trust Deed (Las Vegas Sands Corp)

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.

Appears in 1 contract

Samples: Trust Deed (PPL Electric Utilities Corp)

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.

Appears in 1 contract

Samples: Trust Deed Amendment (China Architectural Engineering, Inc.)

AutoNDA by SimpleDocs

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.

Appears in 1 contract

Samples: Trust Deed

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!