Common use of Hiring of Professionals Clause in Contracts

Hiring of Professionals. On and after the Effective date, the Liquidation Manager, in an exercise of his business judgment, may retain, employee and pay professionals pursuant to section 5.9(e) of the Amended Plan.

Appears in 2 contracts

Samples: Liquidation Manager Agreement (Franklin Credit Management Corp), Liquidation Manager Agreement (Franklin Credit Holding Corp/De/)

AutoNDA by SimpleDocs

Hiring of Professionals. On and after the Effective date, the Liquidation Manager, in an exercise of his business judgment, may retain, employee and pay professionals pursuant to section 5.9(e) of the Amended Plan.

Appears in 2 contracts

Samples: Liquidation Manager Agreement (Franklin Credit Holding Corp/De/), Liquidation Manager Agreement (Franklin Credit Holding Corp/De/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!