Common use of Intervention by the Trustee Clause in Contracts

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.

Appears in 5 contracts

Samples: Lease Agreement (NuStar Energy L.P.), Lease Agreement (NuStar Energy L.P.), Lease Agreement (NuStar Energy L.P.)

AutoNDA by SimpleDocs

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 Bank or the Owners of at least fifty twenty-five percent (5025%) of the aggregate principal amount of Outstanding Bonds.

Appears in 2 contracts

Samples: Simmons Co /Ga/, Simmons Co /Ga/

AutoNDA by SimpleDocs

Intervention by the Trustee. In any judicial proceeding which in the opinion of the Trustee and its counsel 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 Bank or the Owners of at least fifty twenty-five percent (5025%) of the aggregate principal amount of Outstanding BondsBonds Outstanding.

Appears in 1 contract

Samples: Indenture (Sterigenics International)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!