Intervention by Trustee. The Trustee may intervene on behalf of the Owners, and shall intervene if requested to do so by an instrument or instruments in writing signed by the Owners of not less than a majority in aggregate principal amount of the Certificates then Outstanding, in any judicial proceeding to which the Board is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interest of Owners of the Certificates. 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 Section 8.01 hereof before it takes action hereunder.
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Samples: Acquisition Agreement, Acquisition Agreement, Installment Purchase Contract
Intervention by Trustee. The Trustee may intervene on ----------------------- behalf of the OwnersHolders, and shall intervene if requested to do so by an instrument or instruments in writing signed by the Owners Holders of not less than a majority at least 25% in aggregate the principal amount of the Certificates then OutstandingBonds outstanding, in any judicial proceeding to which the Board Issuer or the Borrower is a party and which in the opinion of the Trustee and its counsel has a substantial bearing on the interest interests of Owners Holders of the CertificatesBonds. 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 Section Sections 8.01 hereof and 8.02 before it takes action hereunder.
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