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 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, provided that the Trustee shall first have been offered such reasonable indemnity as it may require against the costs, expenses and liabilities which 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.

Intervention by Trustee. In any judicial proceeding proceedings 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 Bondowners of the Bonds, the Trustee may intervene on behalf of Bondholders Bondowners and shall do so if requested in writing by the owners Bondowners of at least twenty-five percent (25%) % in aggregate principal amount of all Bonds then outstandingOutstanding, provided that the Trustee shall first have been offered such reasonable indemnity against such liability as it may require against the costs, expenses and liabilities which it may incur in or by reason of such proceedingproceedings. The rights and obligations of the Trustee under this Section 7.04 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 Bonds, the Trustee may intervene on behalf of the Bondholders and shall do so if requested in writing by the owners of at least twenty-five percent (25%) 75% in aggregate principal amount of all Bonds then outstandingOutstanding, provided that the Trustee shall first have been offered such reasonable subject to receipt of indemnity as it may require against the costs, expenses and liabilities which it may incur provided in or by reason of such proceedingSection 9.01(l). The rights and obligations of the Trustee under this Section are subject to the receipt of any approval of a court of competent jurisdictionjurisdiction which may be required by law as a condition to such intervention.

Intervention by Trustee. In The Trustee may intervene on behalf of the Holders, and shall intervene if requested to do so in writing by the Holders of at least 25% of the aggregate principal amount of Bonds outstanding, in any judicial proceeding to which the Issuer or the Company is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interests of owners Holders of the Bonds, provided, however, that at all times during the Trustee may intervene on behalf of Bondholders 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 outstandingAgent Consent Period, provided that the Trustee shall first have been offered take such reasonable indemnity as it may require against actions as, and only as, directed by the costs, expenses and liabilities which it may incur Agent in or by reason of such proceedingwriting. The rights and obligations of the Trustee under this Section 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 in accordance with Sections 8.01 and 8.02 before it takes action hereunder.