Allowed Professional Fees definition

Allowed Professional Fees means all or the portion of a Claim for Professional Fees that is approved by the Court for payment.

Allowed Professional Fees means incurred and allowed unpaid professional fees and expenses of the Case Professionals, to the extent such fees and expenses are incurred and allowed and payable pursuant to an order of the Bankruptcy Court (which order has not been reversed, vacated, or stayed).

Allowed Professional Fees has the meaning set forth in the DIP Order.

Examples of Allowed Professional Fees in a sentence

• Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve Out on a dollar-for-dollar basis.

• Any payment or reimbursement made prior to the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall not reduce the Carve Out.

• Any payment or reimbursement made on or after the occurrence of the Termination Declaration Date in respect of any Allowed Professional Fees shall permanently reduce the Carve Out on a dollar- for-dollar basis.

• The Debtors shall deposit and hold such amounts in a segregated account at the DIP Agent in trust to pay such then unpaid Allowed Professional Fees (the “Pre-Carve Out Trigger Notice Reserve”) prior to any and all other claims.

• Date in respect of any Allowed Professional Fees shall not reduce the Carve Out.

More Definitions of Allowed Professional Fees

Allowed Professional Fees shall have the meaning given to the term “Allowed Professional Fees” in the Final Order, or, prior to the entry of the Final Order, the Interim Order.

Allowed Professional Fees means all fees of and expenses incurred by the professionals retained pursuant to Sections 327, 363, or 1103(a) of the Bankruptcy Code, by Borrower and any Committee in the Case provided for in the budgets (including, without limitation, a claims and notice agent) during the administration of the Case, in each case, as approved by the Bankruptcy Court. For the avoidance of doubt, the term “Allowed Professional Fees” does not include the fees and costs of professionals engaged by or for the benefit of Lender.

Allowed Professional Fees means incurred and unpaid professional fees and expenses of the Case Professionals, to the extent such fees and expenses are ultimately allowed and payable pursuant to an order of the Bankruptcy Court (which order has not been reversed, vacated, or stayed) and provided for in the Approved Budget.

Allowed Professional Fees shall have the meaning ascribed to such term in the Financing Order.

Allowed Professional Fees means all unpaid fees and expenses incurred by persons or firms retained by the Obligors and their Affiliates or the Official Committee pursuant to Sections 327, 328, or 1103 of the Bankruptcy Code at any time before or on the first business day following delivery by the Agent of a Carve Out Trigger Notice, whether allowed by the Bankruptcy Court prior to or after delivery of a Carve Out Trigger Notice, provided that, any amounts paid to the Official Committee by the Obligors shall be on account of, and to the extent of, services provided for the benefit of unsecured creditors of the Obligors and provided further that any amounts paid in respect of such Allowed Professional Fees to any Affiliate of the Obligors shall be on the account of, and to the extent of, services provided to the Obligors.

Allowed Professional Fees means, as of any time, professional fees and other costs of administration of the Case (and the administrative claims related thereto) that remain due and owing less the amount of any retainers, if any, then held by the professionals retained by Borrower and the Creditors’ Committee, as the same may be modified in the Final Order, or, prior to the entry of the Final Order, the Interim Order.

Allowed Professional Fees has the meaning ascribed to such term in Section 4.18(c).