Retention and Payment of Professionals Sample Clauses

Retention and Payment of Professionals. The Trustee may consult with legal counsel and with such public accountants and other professionals as may be retained by the Trustee. The Trustee may pay from the Trust Estate the fees and expenses of such professionals monthly at such rates as may be agreed upon by the Trustee and such professionals. The Trustee shall not be liable for any action taken or suffered by him or omitted to be taken by him without gross negligence or willful misconduct in reliance on any opinion or certification of such accountants or in accordance with the advice of such counsel or experts.
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Retention and Payment of Professionals. The Trustees may consult with legal counsel and with such public accountants and other professionals as may be retained by the Trustees. The Trustees may pay from the Trust Estate the fees and expenses of such professionals monthly at such rates as may be agreed upon by the Trustees and such professionals. The Trustees shall not be liable for any action taken or suffered by them or omitted to be taken by them without gross negligence or willful misconduct in reliance on any opinion or certification of such accountants or in accordance with the advice of such counsel or experts.
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Retention and Payment of Professionals. Concurrent with or prior to the execution of this Agreement, the Obligors shall have entered into agreements providing for the payment of the fees and expenses of Bxxxx Xxxxxxx Bxxxxxx Israels LLP, Sxxxx Cummis & Gross P.C., and Jxxxxxxxx & Company, Inc., in the form and substance attached hereto (collectively, the “Fee Agreements”), and Trop Entertainment shall have paid or caused to be paid the retainers or initial payments due under the Fee Agreements. Trop Entertainment further shall pay or cause to be paid the fees and expenses of (i) a tax advisor to be retained by the Indenture Trustee or the Noteholders at a later date, pursuant to an agreement on terms and conditions acceptable to the Indenture Trustee or the Noteholders, whichever engages such tax advisor, in any event in an amount not to exceed $20,000, and (ii) the Indenture Trustee and its outside counsel, Pxxxx Cxxxxxx LLP, within 30 days of the receipt of invoices from said parties.
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Retention and Payment of Professionals. Concurrent with or prior to the execution of this Forbearance Agreement, the Company shall have entered into agreements providing for the payment of the fees and expenses of Xxxxxxxx & Xxxxx LLP and Wachtell, Lipton, Xxxxx & Xxxx, in form and substance satisfactory to the respective parties thereto (collectively, the “Fee Agreements”), and the Company shall have paid or caused to be paid the retainers or initial payments due under the Fee Agreements. The Company shall negotiate in good faith the terms of an engagement letter with Moelis & Company (following the execution thereof, also a “Fee Agreement”). After the execution of this Forbearance Agreement, the Company shall continue to pay all amounts due and payable under the Fee Agreements in accordance with their respective terms.
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Retention and Payment of Professionals. Concurrent with or prior to the execution of this Agreement, the Obligors shall have entered into agreements providing for the payment of the fees and expenses of Xxxxx Xxxxxxx Xxxxxxx Israels LLP, Xxxxx Cummis & Gross P.C., and Xxxxxxxxx & Company, Inc., in the form and substance attached hereto (collectively, the “Fee Agreements”), and Trop Entertainment shall have paid or caused to be paid the retainers or initial payments due under the Fee Agreements. Trop Entertainment further shall pay or cause to be paid the fees and expenses of (i) a tax advisor to be retained by the Indenture Trustee or the Noteholders at a later date, pursuant to an agreement on terms and conditions acceptable to the Indenture Trustee or the Noteholders, whichever engages such tax advisor, in any event in an amount not to exceed $20,000, and (ii) the Indenture Trustee and its outside counsel, Xxxxx Xxxxxxx LLP, within 30 days of the receipt of invoices from said parties. (b) Delaware Litigation. Concurrently with the execution of this Agreement, or as soon as practicable thereafter, Trop Entertainment, Trop Finance, and Aztar Corporation (collectively, the “Trop Defendants”) shall withdraw the Motion for Preliminary Injunctive and Declaratory Relief filed in the Delaware Action. During the Forbearance Period, the Trop Defendants, Yung, More and the Indenture Trustee shall take all necessary steps to stay and continue, without prejudice, all motions, discovery and other proceedings in the Delaware Action and the Trop Defendants shall not seek to enjoin the acceleration of the Notes. All pending discovery demands served by any party in the Delaware Action shall be deemed adjourned, sine die. The parties shall cooperate in the implementation of such continuance. (c) Communications Regarding Potential Appeal by Justice Xxxxx. Except as required by applicable law or regulation, from and after the Effective Date (i) without the express written consent of the Indenture Trustee, neither the Obligors nor any of their agents, representatives, attorneys or other professionals, and (ii) without the express written consent of the Obligors, neither the Indenture Trustee and the Noteholders nor any of their agents, representatives, attorneys or other professionals, shall advise, advocate a position, consult with, or (in the case of the Obligors) assist Justice Xxxx X. Xxxxx (“Justice Xxxxx”) or any of his professionals in connection with any appeal by Justice Xxxxx of the April 2, 2008 CCC ruli...
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Related to Retention and Payment of Professionals

  • Transition and Expenses If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

  • Compensation and Payment 3.1 Contractor’s fees shall be calculated at the rates set forth in the attached Exhibit

  • Selection and Payment of Arbitrator (a) Within ten (10) calendar days after the Service Date, Investor shall select and submit to Company the names of three (3) arbitrators that are designated as “neutrals” or qualified arbitrators by Utah ADR Services (xxxx://xxx.xxxxxxxxxxxxxxx.xxx) (such three (3) designated persons hereunder are referred to herein as the “Proposed Arbitrators”). For the avoidance of doubt, each Proposed Arbitrator must be qualified as a “neutral” with Utah ADR Services. Within five (5) calendar days after Investor has submitted to Company the names of the Proposed Arbitrators, Company must select, by written notice to Investor, one (1) of the Proposed Arbitrators to act as the arbitrator for the parties under these Arbitration Provisions. If Company fails to select one of the Proposed Arbitrators in writing within such 5-day period, then Investor may select the arbitrator from the Proposed Arbitrators by providing written notice of such selection to Company.

  • Termination and Payment Upon any termination or expiration of this Agreement, Client shall pay all unpaid and outstanding fees through the effective date of termination or expiration of this Agreement. And upon such termination, Consultant shall provide and deliver to Client any and all outstanding services due through the effective date of this Agreement.

  • Selection and Payment of Appeal Panel In the event an Appellant delivers an Appeal Notice to the Appellee (together with proof of payment of the applicable bond) in compliance with the provisions of Paragraph 5.1 above, the Appeal will be heard by a three (3) person arbitration panel (the “Appeal Panel”).

  • Indemnification and Reimbursement of Payments on Behalf of Executive The Company, Employer and their respective Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any federal, state, local or foreign withholding taxes, excise taxes, or employment taxes (“Taxes”) imposed with respect to Executive’s compensation or other payments from the Company or any of its Subsidiaries or Executive’s ownership interest in the Company, including, without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity. In the event the Company or its Subsidiaries does not make such deductions or withholdings, Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together with any interest, penalties and related expenses thereto.

  • INDEMNIFICATION AND PAYMENT OF DAMAGES BY SELLERS Sellers, jointly and severally, will indemnify and hold harmless Buyer, the Acquired Companies, and their respective Representatives, stockholders, controlling persons, and affiliates (collectively, the "Indemnified Persons") for, and will pay to the Indemnified Persons the amount of, any loss, liability, claim, damage (including incidental and consequential damages), expense (including costs of investigation and defense and reasonable attorneys' fees) or diminution of value, whether or not involving a third-party claim (collectively, "Damages"), arising, directly or indirectly, from or in connection with:

  • Calculation and Payment of Fees All fees shall be calculated on the basis of the actual number of days elapsed in a 360-day year. All fees shall be payable in addition to, and not in lieu of, interest, compensation, expense reimbursements, indemnification and other Obligations. Fees shall be payable to the Administrative Agent at its office in New York, New York in immediately available funds. All fees shall be fully earned and nonrefundable when paid. All fees due to any Arranger or any other Lender, including, without limitation, those referred to in this Section 5.3, shall bear interest, if not paid when due, at the interest rate specified in Section 5.1(d) and shall constitute Obligations.

  • Termination and Expenses 66 10.1 Termination. 66 10.2 Effect of Termination. 67 10.3 Fees and Expenses. 67

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