Common use of Intervention by the Trustee Clause in Contracts

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 The Trustee may intervene on behalf of Noteholders in any judicial proceeding to which the Issuer is a party and whichthat, 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 Noteholders and shall do so if requested in writing by Bondowners owning 100% the Insurer or the Minimum Noteholder Percentage and the security or indemnity required by Section 8.17 has been provided. The rights and obligations of the aggregate principal amount of Bonds then Outstanding and if provided with indemnity satisfactory Trustee under this section to intervene in any such judicial proceedings are subject to the Trusteeapproval of a court of competent jurisdiction.

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 100at least 25% 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 Bondowners, the Trustee may intervene on behalf of the Bondowners and shall do so if requested in writing by Bondowners owning 100the Owners of at least 25% of the aggregate principal amount of any series of Bonds then Outstanding and if provided with indemnity satisfactory to the TrusteeOutstanding.