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

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

• For the avoidance of doubt, the Parties agree and acknowledge that the amounts deposited into the Professional Fee Escrow Account, both prior to the date hereof and pursuant to this Agreement, are for the benefit of the Case Professionals and shall be used exclusively toward payment of Allowed Professional Fees of Case Professionals.

• 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.

• The Escrow Property shall be deposited into the 1 [Subject to increase per the Plan, including if opinion work requested and subject to decrease for any amounts paid directly through funds flow of Allowed Professional Fees on the Effective Date.] Professional Fees Escrow Account and disbursed by the Company in accordance with the provisions of this Agreement and the Plan.

• 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.

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 shall have the meaning set forth in the Financing Order.

Allowed Professional Fees has the meaning ascribed to it in Section 1.14(c). “Applicable Margins” means collectively the Applicable Revolver Index Margin and the Applicable Revolver LIBOR Margin. “Applicable Revolver Index Margin” means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.2(a). “Applicable Revolver LIBOR Margin” means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.2(a). “Asset Disposition” means the disposition whether by sale, lease, transfer, loss, damage, destruction, casualty, condemnation or otherwise of any of the following: (a) any of the Stock or other equity or ownership interest of any of Holdings’ Subsidiaries or (b) any or all of the assets of Holdings or any of its Subsidiaries other than sales of Inventory in good faith to customers for fair value in the ordinary course of business. “Assignment Agreement” has the meaning ascribed to it in Section 8.1(a). “Attributable Debt” in respect of a sale and lease transaction means, at the time of determination, the present value of the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended. Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP. “Average Borrowing Availability” has the meaning ascribed to it in Section 1.2(a). “Bankruptcy Code” means the provisions of Title 11 of the United States Code, 11 U.S.C. §§101 et seq. or other applicable bankruptcy, insolvency or similar laws. “Bankruptcy Court” has the meaning ascribed to it in the recitals of the Agreement. “Borrower” and “Borrowers” have the respective meanings ascribed to them in the preamble to the Agreement. “Borrower’s Certificate” means a certificate signed on such Borrower’s behalf by a Responsible Officer of such Borrower. “Borrower Representative” has the meaning ascribed to it in Section 1.13. “Borrowing Availability” means as of any date of determination the lesser of (i) the Maximum Amount less the aggregate amount of the Revolving Loans then outstanding (including, without duplication, the outstanding bal...

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

Allowed Professional Fees shall have the meaning given to such term in the DIP Orders.

Allowed Professional Fees has the meaning specified in Section 10.05(d).