Standard of Proof. Should the Security Trustee take legal or other proceedings against the Loan Note Issuer to enforce any of the provisions of the Loan Notes, or any of them, or any of the provisions of this Deed and any relevant Loan Note Supplement, proof therein that, as regards any Loan Note of any Series, the Loan Note Issuer has made default in paying any principal or interest due in respect of such Loan Note shall (unless the contrary be proved) be sufficient evidence that the Loan Note Issuer has made the like default as regards all other Loan Notes of the same Class within such Series in respect of which the relevant payment is then due and payable. The Security 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 Security Trustee, the Loan Note Holders and the other Secured Creditors allowed in any judicial proceedings relating to the Loan Note Issuer or its property.
Appears in 2 contracts
Sources: Security Trust Deed and Cash Management Agreement, Security Trust Deed and Cash Management Agreement