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 Owners, the Trustee may intervene on behalf of the Owners and shall do so if requested in writing by the Owners of at least 25% of the aggregate principal amount of Bonds then Outstanding.

Intervention by the Trustee. In any judicial proceeding to which the Issuer is a party and which, which in the opinion of the Trustee and its counsel, counsel has a substantial bearing on the interests of the OwnersHolders, the Trustee may intervene on behalf of the Owners Holders and shall shall, subject to being indemnified as provided herein, so do so if requested in writing by the Owners of at least 25% Bondholder Representative. The rights and obligations of the aggregate principal amount Trustee under this Section are subject to the approval of Bonds then Outstanding.a court of competent jurisdiction in the premises.‌