Intervention by the Trustee Sample Clauses

Intervention by the Trustee. In any judicial proceeding which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of the Owners of the Bonds, the Trustee may intervene on behalf of the Owners of the Bonds and shall do so if requested in writing by the Credit Provider or the Owners of at least fifty percent (50%) of the aggregate principal amount of Outstanding Bonds.
AutoNDA by SimpleDocs
Intervention by the 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 the Bondowners, the Trustee may intervene on behalf of the Bondowners and shall do so if requested in writing by Bondowners owning 100% of the aggregate principal amount of Bonds then Outstanding and if provided with indemnity satisfactory to the Trustee.
Intervention by the 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 the Owners, the Trustee may intervene on behalf of the Owners and shall do so if requested in writing by the Owners of at least 25% of the aggregate principal amount of Bonds then Outstanding.
Intervention by the Trustee. In any judicial proceeding to which the City is a party and which, in the opinion of the Trustee and its counsel, has a substantial bearing on the interests of Owners, the Trustee may intervene on behalf of Owners and, subject to the provisions of Section 1001(l), shall do so if requested in writing by the Owners of at least 25% of the aggregate principal amount of Bonds then-Outstanding.
Intervention by the Trustee. In any judicial proceeding to which the City, the Tenant and/or RentCo is a party and which, in the opinion of the Trustee and its counsel, has a substantial bearing on the interest of the Owners or the Credit Providers, the Trustee may intervene on behalf of the Owners and the Credit Providers and shall do so if requested in writing by a Credit Provider or by the Owners of at least twenty-five percent (25%) of the aggregate principal amount of the Obligations then Outstanding.
Intervention by the Trustee. In any judicial proceeding to which the University is a party and which in the opinion of the Trustee and its attorney has a substantial bearing on the interests of Holders of the Obligations, the Trustee may intervene on behalf of Holders and shall do so if requested in writing by the Holders of at least twenty-five percent of the aggregate principal amount of Obligations then Outstanding. The rights and obligations of the Trustee under this Section are subject to the approval of such intervention by a court of competent jurisdiction.
Intervention by the Trustee. In any judicial proceeding to which the City is a party and which in the opinion of the Trustee has a substantial bearing on the interests of Holders of the Bonds, the Trustee may intervene on behalf of Bondholders and shall do so if requested in writing by (i) the Holders of a majority of the aggregate Principal amount of Bonds then Outstanding or (ii) any Security Instrument Issuer of a Security Instrument then in full force and effect and not in default on a payment obligation. The rights and obligations of the Trustee under this Section are subject to the approval of a court of competent jurisdiction.
AutoNDA by SimpleDocs
Intervention by the Trustee. In any judicial proceeding to which the Issuer is a party 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 shall do so if requested in writing by the owners of at least a majority of the aggregate principal amount of Bonds then outstanding, provided that the Trustee shall first have been offered indemnification in accordance with Section 10.01(1) hereof against such liability as it may incur in or by reason of such proceeding. The rights and obligations of the Trustee under this Section are subject to the approval of a court of competent jurisdiction.
Time is Money Join Law Insider Premium to draft better contracts faster.