Common use of Agents and Professionals Clause in Contracts

Agents and Professionals. The Trustee may, but shall not be required to, consult with and retain attorneys, accountants, appraisers, or other parties deemed by the Trustee to have qualifications necessary to assist in the proper administration of the Trust, including professionals previously retained by the Debtors and the Creditors’ Committee. Subject to the procedures set forth in Article XI, the Trustee may pay the reasonable salaries, fees and expenses of such persons out of the Trust Assets in the ordinary course of business.

Agents and Professionals. The Trustee may, but shall not be required to, consult with and retain attorneys, accountants, appraisers, or other parties deemed by the Trustee to have qualifications necessary or desirable to assist in the proper administration of the Trust, including professionals previously retained by the Debtors and the Creditors’ Committee. Subject to the procedures set forth in Article XI, the The Trustee may shall pay the reasonable salaries, fees and expenses of such persons out of the Trust Assets in the ordinary course of businessbusiness without the need for approval of the Bankruptcy Court.