Common use of Final Fee Applications and Payment of Professional Fee Claims Clause in Contracts

Final Fee Applications and Payment of Professional Fee Claims. All final requests for payment of Professional Fee Claims for services rendered and reimbursement of expenses incurred prior to the Confirmation Date must be filed no later than 45 days after the Effective Date. The Bankruptcy Court shall determine the Allowed amounts of such Professional Fee Claims after notice and a hearing in accordance with the procedures established by the Bankruptcy Code, Bankruptcy Rules, and prior Bankruptcy Court orders. The amount of the Allowed Professional Fee Claims owing to the Professionals shall be paid in Cash to such Professionals, including from funds held in the Professional Fee Escrow Account when such Professional Fee Claims are Allowed by entry of an order of the Bankruptcy Court.

Appears in 3 contracts

Samples: Restructuring Support Agreement (Ascena Retail Group, Inc.), Restructuring Support Agreement (Chaparral Energy, Inc.), Restructuring Support Agreement (Quorum Health Corp)

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Final Fee Applications and Payment of Professional Fee Claims. All final requests for the allowance and payment of Professional Fee Claims for services rendered and reimbursement of expenses incurred prior to the Confirmation Date must shall be filed Filed no later than 45 forty-five (45) days after the Effective DateDate unless such date is extended by order of the Bankruptcy Court. The Bankruptcy Court shall determine the Allowed amounts of such Professional Fee Claims after notice and a hearing in accordance with the procedures established by the Bankruptcy Code, Bankruptcy Rules, and prior Bankruptcy Court orders. The Reorganized Debtors shall pay the amount of the Allowed Professional Fee Claims owing to the Professionals shall be paid in Cash to such Professionals, including from funds held in the Professional Fee Escrow Account when such Professional Fee Claims are Allowed by entry of an order of the Bankruptcy Court.

Appears in 1 contract

Samples: Restructuring Support Agreement (Ion Geophysical Corp)

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