Examples of Debtor Professionals in a sentence
Such Carve-Out Cap may be incurred on behalf of the Debtor Professionals in an amount not to exceed $2,500,000 and on behalf of any Committee Professionals in an amount not to exceed $250,000 (other than any such fees and disbursements incurred in connection with the initiation or prosecution of any claims, causes of action, adversary proceedings or other litigation against the agents or lenders under the Existing RBL Credit Facility, the Existing Second Lien Credit Facility, or the DIP Facility).
Prior to the occurrence of the Trigger Notice Date, the Debtors shall be permitted to pay allowed fees and expenses of the Debtor Professionals and the Committee Professionals subject to this Interim Order, the Bankruptcy Code, the Bankruptcy Rules, the Local Rules, and any interim compensation procedures order entered by this Court.
Retention of Debtor' Professionals ---------------------------------- During these Chapter 11 Cases, the Bankruptcy Court has authorized the retention of various professionals by the Debtors, including: (i) the retention of Skadden, Arps, Slate, Meagher & Flom and its affiliated law practice entities as counsel (Docket No. 141); (ii) the retention of Jefferies & Company, Inc.
The Debtor Professionals and the Committee Professionals, if any, shall be permitted to submit to the Debtors, with copies to counsel for the DIP Lender, periodic statements (but no more frequently than on a monthly basis) for services rendered and reimbursable expenses incurred by them (the “Conditional Professional Expenses”).
The Plan is modified by adding the following language, as indicated in italics, to Article VIII, § 8.2 of the Plan as follows: 8.2 Exculpation and Release of Debtor, Professionals, and Officers.