Examples of Chapter 11 Professionals in a sentence
Notwithstanding the foregoing, in the event any amounts remain in the Professional Fee Escrow Account following payment in full to the Chapter 11 Professionals, the DIP Lender shall be permitted to transfer such amounts to the Wind-Up Escrow Account for use in connection therewith.
The amount of Accrued Professional Compensation Claims owing to the Chapter 11 Professionals, after taking into account any prior payments and after applying any retainers, shall be paid in cash to such Chapter 11 Professionals from funds held in the Professional Fee Escrow Account after such Chapter 11 Professionals’ Accrued Professional Compensation Claims are allowed by a Final Order.
The Professional Fee Escrow Account shall be maintained in trust for the Chapter 11 Professionals.
From and after the Dismissal Date, the Sellers or reorganized Sellers, as applicable, may, in the ordinary course of business and without any further notice to or action, order, or approval of the Bankruptcy Court, pay in cash the reasonable legal, professional, or other fees and expenses of Chapter 11 Professionals that have been formally retained in accordance with sections 327, 363, or 1103 of the Bankruptcy Code before the Dismissal Date.