Accrued Professional Fees definition

Accrued Professional Fees means, as of any date, and regardless of whether such amounts are billed or unbilled, all of a Professional’s or Coalition Professional’s accrued fees and reimbursable expenses for services rendered in the Chapter 11 Cases up to and including such date, whether or not such Professional or Coalition Professional has then filed an application for the Allowance and payment of such fees and expenses: (a) to the extent that any such fees and expenses have not been previously paid by the Debtors; and (b) after each Professional has applied to such accrued fees and expenses the balance of any retainer that has been provided by the Debtors to such Professional, if applicable. No amount of a Professional’s or Coalition Professional’s fees or expenses denied by a Final Order of the Bankruptcy Court shall constitute Accrued Professional Fees.
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Accrued Professional Fees means any accrued but unpaid professional fees incurred by the Sellers or the Creditors’ Committee through the Closing Date that have been or subsequently will be approved by the Bankruptcy Court which shall be deemed to include without limitation the accrued and unpaid fees of Berenson approved by order of the court dated February 12, 2009, other than transaction, restructuring, success or financing fees unless consented to in writing by the Purchaser and the Sponsors.
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Examples of Accrued Professional Fees in a sentence

  • To receive payment for Accrued Professional Fees incurred up to and including the Effective Date, Professionals shall estimate their Accrued Professional Fees as of the Effective Date and deliver such estimate to the Debtors at least five (5) Business Days prior to the anticipated Effective Date.

  • Current Liabilities, on the other hand, increased by 1,207.3% due to a rise in Accrued Professional Fees.

  • For the avoidance of doubt, the Debtors’ and the Committee’s professionals shall waive all claims for Accrued Professional Compensation which are incurred after final approval of Accrued Professional Compensation; provided that no Accrued Professional Compensation shall be allowed for services or expenses after the Effective Date other than those related to obtaining final approval of Accrued Professional Fees and transferring Assets to the GUC Trust.

  • Nothing in this Interim Order or otherwise shall be construed to increase the Carve Out (i) if actual (A) Accrued Professional Fees of any Case Professional; or (B) Committee ExpensesFees,are higher in fact than the estimated fees and disbursements reflected in the Budget, or (ii) if Periodic Compensation Fees were not listed on a Borrowing Base Certificatedeposited in asegregated account or amounts in such account are insufficient.

  • Accrued expenses include the following: December 31, 2009 December 31, 2008 (In thousands) Accrued Royalty and License Fees $ 1,323 $ 672 Accrued Payroll and Employee Benefits 1,915 1,953 Accrued Research and Development Contract Costs 918 120 Accrued Professional Fees 512 432 Other Accrued Expenses 947 664 $ 5,615 $ 3,841 85 Source: Celldex Therapeutics, Inc., 10-K, March 12, 2010 Powered by Morningstar® Document Research℠ Table of Contents CELLDEX THERAPEUTICS, INC.

  • The payment of the reasonable fees and expenses of the Responsible Peron’s retained professionals shall be made in the ordinary course of business from the Assets and shall not be subject to the approval of the Bankruptcy Court, provided that payment of Allowed Accrued Professional Fees shall be paid by the Responsible Person prior to payment of the Responsible Person’s Professionals.

  • Any payment or reimbursement made after the delivery of the Carve Out Trigger Notice in respect of any Accrued Professional Fees (exclusive of the application of any retainers by any of the Case Professionals) or Statutory Committee Expenses Fees shall permanently reduce the Carve OutAmount on a dollar-for-dollar basis.

  • The following table sets forth activity that was recorded through the Company’s accrued reorganization cost accounts during the thirteen weeks ended March 28, 2010: Accrued Professional Fees Accrued Incentive Compensation Accrued OtherCosts Total (In thousands) Balance at December 27, 2009$ 14,125$ 13,024$ 745$ 27,894Accruals4,434 The Company has resolved a majority of the claims filed against it through settlement or by Bankruptcy Court order.

Related to Accrued Professional Fees

  • Professional Fee Claim means a Claim by a professional seeking an award by the Bankruptcy Court of compensation for services rendered or reimbursement of expenses incurred through and including the Confirmation Date under sections 330, 331, 503(b)(2), 503(b)(3), 503(b)(4), or 503(b)(5) of the Bankruptcy Code.

  • Developmental disabilities professional means a person who

  • Class Counsel Fees means the fees of Class Counsel, and any applicable taxes or charges thereon, including any amounts payable as a result of the Settlement Agreement by Class Counsel or the Settlement Class Members to any other body or Person, including the Fonds d’aide aux actions collectives in Quebec.

  • Agent Professionals means attorneys, accountants, appraisers, auditors, business valuation experts, liquidation agents, collection agencies, auctioneers, environmental engineers or consultants, turnaround consultants, and other professionals and experts retained by Agent.

  • Medical professional means any person licensed or certified to provide health care services to