Common use of Intervention by Trustee Clause in Contracts

Intervention by Trustee. In any judicial proceeding to which the Corporation is a party and which in the opinion of the Trustee and its Counsel has a substantial bearing on the interest of the Beneficiaries, the Trustee may intervene on behalf of Beneficiaries and shall do so if requested in writing by the Holders of at least twenty-five percent (25%) of the aggregate Principal Amount of the Outstanding Notes or any Other Beneficiary. The rights and obligations of the Trustee under this Section 7.4 are subject to the approval of a court of competent jurisdiction in the premises.

Intervention by Trustee. In any judicial proceeding to ----------------------- which the Corporation is a party and which in the opinion of the Trustee and its Counsel has a substantial bearing on the interest of the Beneficiaries, the Trustee may intervene on behalf of Beneficiaries and shall do so if requested in writing by the Holders of at least twenty-five percent (25%) of the aggregate Principal Amount of the Outstanding Notes or any Other Beneficiary. The rights and obligations of the Trustee under this Section 7.4 are subject to the approval of a court of competent jurisdiction in the premises.

Intervention by Trustee. In any judicial proceeding to which the Corporation or the District is a party and which in the opinion of the Trustee and its Counsel counsel has a substantial bearing on the interest interests of the BeneficiariesOwners, the Trustee may intervene on behalf of Beneficiaries Owners and shall do so if requested in writing by the Holders owners of at least twenty-five percent (25%) % in aggregate principal amount of the aggregate Principal Amount of the Outstanding Notes or any Other Beneficiary. The rights and obligations of certificates Outstanding; provided the Trustee under this receives indemnification pursuant to Section 7.4 are subject to the approval of a court of competent jurisdiction in the premises8.1(m) hereof.

Intervention by Trustee. In any judicial proceeding to which the Corporation is a party and which in the opinion of the Trustee and its Counsel has a substantial bearing on the interest of the BeneficiariesNoteholders, the Trustee may intervene on behalf of Beneficiaries Noteholders and shall do so if requested in writing by the Holders of at least twenty-five percent (25%) of the aggregate Principal Amount of the Outstanding Notes or any Other BeneficiaryNotes. The rights and obligations of the Trustee under this Section 7.4 are subject to the approval of a court of competent jurisdiction in the premises.