Examples of Contingency Fee Counsel in a sentence
From and after the Effective Date, the Daimler Litigation will continue to be pursued and otherwise prosecuted by Contingency Fee Counsel on behalf of the Liquidation Trust and at the direction of the Litigation Manager, subject to the applicable terms of the Contingency Fee Counsel Agreement.
As promptly as possible after the receipt of any Daimler Proceeds, the Liquidation Trustee will use the Daimler Proceeds to pay, in the order set forth in this subsection, (A) the Contingency Fees, to the extent due under the Contingency Fee Counsel Agreement; and (B) any fees, expenses or other costs arising out of or in connection with the Daimler Litigation not otherwise covered by the Daimler Fund.
For the avoidance of doubt, Contingency Fee Counsel need not file any Fee Claim for Contingency Fees earned after the Effective Date, and any such amounts shall be subject to the terms of the Plan and the Contingency Fee Counsel Agreement.
In the event of a resignation or removal of the Litigation Manager for any reason, or in the event of the death of the Litigation Manager or other occurrence rendering the Litigation Manager incapacitated or unavailable, a replacement Litigation Manager will be designated by the Liquidation Trustee in consultation with the Lead Contingency Fee Counsel.
The Liquidation Trustee, any Litigation Manager and Contingency Fee Counsel shall take all steps that are necessary or appropriate to accomplish such substitution.
Except to the extent provided in Section III.E.8.b of the Plan, as of the Effective Date, the Creditors' Committee shall dissolve, and the members of the Creditors' Committee and its Professionals shall cease to have any role arising from or relating to the Chapter 11 Cases; provided, however, that Contingency Fee Counsel shall continue to prosecute the Daimler Litigation on behalf of the Liquidation Trust, subject to Sections II.A.1.c.iv,III.E.2 and IV.G.2 of the Plan.
Upon the release of the Government DIP Lenders' Liens, the Daimler Proceeds will be available only to (a) pay any fees of Contingency Fee Counsel (as defined below) with respect to the Daimler Litigation; (b) pay other administrative and priority expenses of the Debtors' Estates; and (c) make pro rata distributions under the Plan to creditors holding general unsecured nonpriority claims against the Debtors.
The Committee also obtained Bankruptcy Court authorization to retain qualified Contingency Fee Counsel to prosecute the Daimler Litigation.
Except to the extent provided in Section III.E.8.b, as of the Effective Date, the Creditors' Committee shall dissolve, and the members of the Creditors' Committee and its Professionals shall cease to have any role arising from or relating to the Chapter 11 Cases; provided, however, that Contingency Fee Counsel shall continue to prosecute the Daimler Litigation on behalf of the Liquidation Trust, subject to Sections II.A.1.c.iv,III.E.2 and IV.G.2.
Except to the extent provided in Section III.E.8.b, as of the Effective Date, the Creditors'Committee shall dissolve, and the members of the Creditors' Committee and its Professionals shall cease to have any role arising from or relating to the Chapter 11 Cases; provided, however, that Contingency Fee Counsel shall continue to prosecute the Daimler Litigation on behalf of the Liquidation Trust, subject to Sections II.A.1.c.iv,III.E.2 and IV.G.2. b.