Common use of Intervention by Trustee Clause in Contracts

Intervention by Trustee. In any judicial proceeding to which the Issuer is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of owners of the Bonds, the Trustee may intervene on behalf of the Bondholders and shall do so if requested in writing by the owners of at least 75% in aggregate principal amount of Bonds then Outstanding, subject to receipt of indemnity as provided in Section 9.01(l). The rights and obligations of the Trustee under this Section are subject to receipt of any approval of a court of competent jurisdiction which may be required by law as a condition to such intervention.

Intervention by Trustee. In any judicial proceeding proceedings to which the Issuer is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of owners Bondowners of the Bonds, the Trustee may intervene on behalf of the Bondholders Bondowners and shall do so if requested in writing by the owners Bondowners of at least 7525% in aggregate principal amount of all Bonds then Outstanding, subject to receipt provided that the Trustee shall first have been offered such reasonable indemnity against such liability as it may incur in or by reason of indemnity as provided in Section 9.01(l)such proceedings. The rights and obligations of the Trustee under this Section 7.04 are subject to receipt of any the approval of a court of competent jurisdiction which may be required by law as a condition to such interventionjurisdiction.

Intervention by Trustee. In The Trustee may intervene on behalf of the Holders, and shall intervene if requested to do so in writing by the Holders of at least 25% of the aggregate principal amount of Bonds outstanding, in any judicial proceeding to which the Issuer or the Company is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of owners Holders of the Bonds, provided, however, that at all times during the Agent Consent Period, the Trustee may intervene on behalf of the Bondholders shall take such actions as, and shall do so if requested in writing only as, directed by the owners of at least 75% Agent in aggregate principal amount of Bonds then Outstanding, subject to receipt of indemnity as provided in Section 9.01(l)writing. The rights and obligations of the Trustee under this Section are subject to receipt of any the approval of that intervention by a court of competent jurisdiction which jurisdiction. The Trustee may require that a satisfactory indemnity bond be required by law as a condition provided to such interventionit in accordance with Sections 8.01 and 8.02 before it takes action hereunder.

Intervention by Trustee. In any judicial proceeding to which the Issuer is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of owners of the Bonds, the Trustee may intervene on behalf of the Bondholders and shall do so if requested in writing by the owners of at least 75% twenty-five percent (25%) in aggregate principal amount of all Bonds then Outstandingoutstanding, subject to receipt of provided that the Trustee shall first have been offered such reasonable indemnity as provided it may require against the costs, expenses and liabilities which it may incur in Section 9.01(l)or by reason of such proceeding. The rights and obligations of the Trustee under this Section are subject to receipt of any the approval of a court of competent jurisdiction which may be required by law as a condition to such interventionjurisdiction.