Common use of Intervention by Trustee Clause in Contracts

Intervention by 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 interest of the owners of the Bonds, the Trustee shall intervene on behalf of the owners of the Bonds if so requested in writing by the owners of at least 100% in principal amount of the Bonds. 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 to which the Issuer is a party which, and which in the opinion of the Trustee and its Counsel, counsel has a substantial bearing on the interest interests of the owners of the BondsBondholders, the Trustee shall may intervene on behalf of the owners of the Bonds Bondholders and shall do so if so requested in writing by the owners of at least 10025% in aggregate principal amount of all Bonds then Outstanding if offered the Bondssecurity and indemnity provided for in Section 701(I). The rights and obligations of the Trustee under this Section 704 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 which, and which in the opinion of the Trustee and its Counsel, counsel has a substantial bearing on the interest interests of the owners of the Bonds, the Trustee shall may intervene on behalf of Bondholders and, subject to the owners provisions of the Bonds Section 901(k) hereof, shall do so if so requested in writing by the owners of at least 100% twenty-five percent (25%) in aggregate principal amount of the Bondsall Bonds then Outstanding. 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 to which the Issuer is a party which, in the opinion of the Trustee and its Counselcounsel, has a substantial bearing on the interest of the owners of the Bondsbondholders, the Trustee shall may intervene on behalf of the owners of the Bonds bondholders and shall do so if so requested in writing by the owners holders of at least 100% twenty-five per centum (25%) in principal amount of the Bonds. The rights and obligations of the Trustee under this Section are subject to the approval of a court of competent jurisdictionjurisdiction if such approval is required by law as a condition to such intervention.