Reimbursement of the Liquidating Trust Administrator’s and Trustee Professionals’ Fees and Expenses Sample Clauses

Reimbursement of the Liquidating Trust Administrator’s and Trustee Professionals’ Fees and Expenses. Pursuant to the terms of the Plan, Confirmation Order and this Agreement, the Liquidating Trust Administrator may pay from the Liquidating Trust Assets all reasonable fees and expenses incurred in connection with the duties and actions of the Liquidating Trust Administrator, including, but not limited to, fees and expenses of any Trustee Professionals retained under this Agreement and fees and expenses to pay insurance, taxes and other expenses arising in the ordinary course of business in maintaining, liquidating, disposing of and the distribution of the Liquidating Trust Assets and compensation to the Liquidating Trust Administrator. The Liquidating Trust Administrator may also pay fees and expenses allowed by the Bankruptcy Court of the Debtors and the Creditors’ Committee arising from the prosecution or objection of any final fee applications filed by any of the Debtors’ or the Creditors’ Committee’s professionals in accordance with the Plan. The Trustee Professionals shall prepare monthly statements in the same manner and in the same detail as required during the Chapter 11 Cases, and the Trustee Professionals shall serve such statements on the Liquidating Trust Administrator and each member of the Advisory Board. The Liquidating Trust Administrator may pay all such reasonable fees and expenses without Bankruptcy Court approval, provided, however, in the event a member of the Advisory Board timely objects to the reasonableness of such fees and expenses, the matter shall be submitted to the Bankruptcy Court for approval of the reasonableness of such fees and expenses.
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