Common use of Intervention by Trustee Clause in Contracts

Intervention by Trustee. The Trustee may and shall, at the written direction of the Holders of at least 25% of the aggregate principal amount of the Outstanding Obligations, intervene in any judicial proceeding to which the Corporation or the County is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of Holders of the Series 2020 Notes. The rights and obligations of the Trustee under this Section 6.4 are subject to the approval of that intervention by a court of competent jurisdiction. The Trustee may require that a satisfactory indemnity bond be provided to it by the Holders in accordance with Sections 6.1 and 6.2 hereof before it takes action hereunder.

Intervention by Trustee. The Trustee may and shall, at the written direction of the Holders of at least 25% of the aggregate principal amount of the Outstanding ObligationsBonds, intervene in any judicial proceeding to which the Corporation or the County is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of Holders of the Series 2020 NotesBonds. The rights and obligations of the Trustee under this Section 6.4 are subject to the approval of that intervention by a court of competent jurisdiction. The Trustee may require that a satisfactory indemnity bond be provided to it by the Holders in accordance with Sections 6.1 and 6.2 hereof before it takes action hereunder.

Intervention by Trustee. ‌ The Trustee may and shall, at the written direction of the Holders of at least 25% of the aggregate principal amount of the Outstanding ObligationsBonds, intervene in any judicial proceeding to which the Corporation or the County City is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of Holders of the Series 2020 NotesBonds. The rights and obligations of the Trustee under this Section 6.4 are subject to the approval of that intervention by a court of competent jurisdiction. The Trustee may require that a satisfactory indemnity bond be provided to it by the Holders in accordance with Sections 6.1 and 6.2 hereof before it takes action hereunder.

Intervention by Trustee. The Trustee may and shall, at the written direction of the Holders of at least 25% of the aggregate principal amount of the Outstanding ObligationsBonds, intervene in any judicial proceeding to which the Corporation or the County City is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of Holders of the Series 2020 Notes2015 Bonds. The rights and obligations of the Trustee under this Section 6.4 are subject to the approval of that intervention by a court of competent jurisdiction. The Trustee may require that a satisfactory indemnity bond be provided to it by the Holders in accordance with Sections 6.1 and 6.2 hereof before it takes action hereunder.

Intervention by Trustee. The Trustee may and shall, at the written direction of the Holders of at least 25% of the aggregate principal amount of the Outstanding ObligationsBonds, intervene in any judicial proceeding to which the Corporation or the County City is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of Holders of the Series 2020 NotesBonds. The rights and obligations of the Trustee under this Section 6.4 are subject to the approval of that intervention by a court of competent jurisdiction. The Trustee may require that a satisfactory indemnity bond be provided to it by the Holders in accordance with Sections 6.1 and 6.2 hereof before it takes action hereunder.