OCP Order definition

OCP Order means the Order (I) Authorizing Debtors to Employ Professionals Utilized in the Ordinary Course of Business, (II) Waiving Certain Information Requirements of Local Rules 2016-2, and (III) Granting Related Relief [Docket No. 560].

OCP Order means the Order (I) Authorizing the Debtor to Retain and Compensate Professionals Utilized in the Ordinary Course of Business and (II) Granting Related Relief [D.I. 146] entered on March 21, 2023.

OCP Order means the Order Authorizing the Debtors to Employ and Pay Professionals Utilized in the Ordinary Course of Business [Docket No. 252].

Examples of OCP Order in a sentence

• PLEASE TAKE FURTHER NOTICE that, if no objections are filed in accordance with this Notice, then the Ordinary Course Professional shall be deemed to be an Ordinary Course Professional within the purview of the OCP Order without the necessity of a hearing or further notice, at which time the Debtors shall be authorized to compensate the Ordinary Course Professional consistent with the terms of the OCP Order.

• Each Ordinary Course Professional was required to receive the Court’s approval of its fees and expenses to the extent they exceeded the $50,000 per month limit as set forth in the OCP Order.

• The OCP Order authorizes the Debtors to pay OCPs up to $40,000.00 per month, on average over a rolling three-month period, up to a total of$240,000.00 per OCP, without the need to file separate fee applications.

• The Company has read the OCP Order and Procedures and understands the limitation on compensation and reimbursement of expenses thereunder.

• The OCP Order establishes procedures for the retention and compensation of certain professionals utilized by the Debtors in the ordinary course operation of their businesses.

More Definitions of OCP Order

OCP Order means the Order Authorizing the Retention and Payment of Professionals Utilized by the Debtors in the Ordinary Course of Business entered by the Bankruptcy Court on July 15, 2020 [Docket No. 158].

OCP Order means the Order Pursuant to 11 U.S.C. §§ 105(a), 327, 330, and 331, Fed. R. Bankr. P. 2014, and Del. Bankr. L.R. 2014-1 Authorizing the Employment and Payment of Professionals Used in the Ordinary Course of Business, Nunc Pro Tunc to the Petition Date [Docket No. 290].

OCP Order means that certain Modified Default Order (I) Authorizing the Debtors to Retain and Compensate Professionals Utilized in the Ordinary Course of Business, and (II) Granting Related Relief [Docket No. 622] entered by the Bankruptcy Court on June 28, 2017.

OCP Order means the Order, Pursuant to Sections 105(a), 327, 328, and 330 of the Bankruptcy Code, (I) Authorizing the Debtors to Retain and Compensate Certain Professionals Utilized in the Ordinary Course of Business, and (II) Waiving Certain Information Requirements of Local Rule 2016- 2 [D.I. 373], entered by the Bankruptcy Court on March 4, 2020.

OCP Order means the Order Authorizing the Retention and Payment of

OCP Order means the Order (I) Authorizing the Retention and Compensation of Certain Professional Utilized in the Ordinary Course of Business and (II) Granting Related Relief [Docket No. 130] entered on October 4, 2021.

OCP Order means the Order (I) Authorizing the Debtors to Employ and Pay Professionals Utilized in the Ordinary Course of Business, and (II) Granting Related Relief [Docket No. 326].