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 Bondholders and, subject to the provisions of Section 901(k) hereof, shall do so if requested in writing by the owners of at least twenty-five percent (25%) in aggregate principal amount of all Bonds then Outstanding. The rights and obligations of the Trustee under this Section are subject to the approval of a court of competent jurisdiction.

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 BondsBondholders, the Trustee may intervene on behalf of Bondholders and, subject to the provisions of Section 901(k) hereof, and shall do so if requested in writing by the owners of at least twenty-five percent (25%) % in aggregate principal amount of all Bonds then OutstandingOutstanding if offered the security and indemnity provided for in Section 701(I). The rights and obligations of the Trustee under this Section 704 are subject to the approval of a court of competent jurisdiction.

Intervention by Trustee. In any judicial proceeding to which the Issuer is a party and which which, in the opinion of the Trustee and its counsel counsel, has a substantial bearing on the interests of owners interest of the Bondsbondholders, the Trustee may intervene on behalf of Bondholders and, subject to the provisions of Section 901(k) hereof, bondholders and shall do so if requested in writing by the owners holders of at least twenty-five percent per centum (25%) in aggregate principal amount of all Bonds then Outstandingthe Bonds. The rights and obligations of the Trustee under this Section are subject to the approval of a court of competent jurisdictionjurisdiction if such approval is required by law as a condition to such intervention.

Intervention by Trustee. In any judicial proceeding to which the Issuer is a party and which which, in the opinion of the Trustee and its counsel Counsel, has a substantial bearing on the interests interest of the owners of the Bonds, the Trustee may shall intervene on behalf of Bondholders and, subject to the provisions owners of Section 901(k) hereof, shall do the Bonds if so if requested in writing by the owners of at least twenty-five percent (25%) 100% in aggregate principal amount of all Bonds then Outstandingthe Bonds. The rights and obligations of the Trustee under this Section are subject to the approval of a court of competent jurisdiction.