Permitted Advisory Fees definition
Permitted Advisory Fees means management fees to be paid to some or all of the Equity Sponsors in an annual amount up to the greater of (a) $3 million, or (b) 3% of Operating Cash Flow, if and to the extent that before and after giving effect to any such payment, Parent and its Subsidiaries are in current and pro forma covenant compliance with the financial covenants set forth in Section 7.7 hereof.
Examples of Permitted Advisory Fees in a sentence
New Borrower also will assume and cause to be paid any Permitted Advisory Fees (defined below) which are finally allowed in the cases and which were not satisfied from the reserves established by the Debtor on the Plan Effective Date.