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Professional Expense Cap definition

Professional Expense Cap has the meaning specified in subclause (ii) of clause “first” of the definition of the termAgreed Administrative Expense Priorities”.
Professional Expense Cap as defined in Section 2.9.
Professional Expense Cap has the meaning given that term in sub-clause (ii) of the clause “first” of the definition of the termAgreed Administrative Expense Priorities.”

Examples of Professional Expense Cap in a sentence

  • For the avoidance of doubt, the Professional Expense Cap shall only apply after the delivery of a Carve-Out Trigger Notice.

  • The Professional Expense Cap shall be reduced, dollar for dollar, by the amount of any fees, costs and expenses incurred and paid to Professionals subsequent to delivery of a Carve-Out Trigger Notice.

  • All payments of Priority Professional Expenses made on and after the Termination Declaration Date shall reduce the Professional Expense Cap dollar for dollar.

  • If, at the time of reference thereto, the Termination Declaration Date has not occurred, there is no Professional Expense Cap.

  • Taken with our findings that older respondents are less likely to identify as a person of colour, we can infer that older respondents may have immigrated from countries that predominantly white or white presenting, whereas younger respondents who have greater likelihood of identifying as a visible minority and report being a Canadian citizen by birth may be second or third generation Canadians from families who have non-white ethnic origins.


More Definitions of Professional Expense Cap

Professional Expense Cap means all unpaid fees, costs and expenses incurred by Professional Persons retained in the Case pursuant to Sections 327, 328, 363 and 1103 of the Bankruptcy Code (i) at any time before or on the first Business Day following delivery by the Administrative Agent, the Prepetition Term Agent or the Prepetition ABL Agent of a Carve Out Trigger Notice (which may only be delivered after the Termination Date referred to in the Final Order) and (ii) after the first Business Day following delivery of such Carve Out Trigger Notice, not exceeding in the case of this clause (ii) $15,000,000 in the aggregate, all to the extent allowed at any time.
Professional Expense Cap has the meaning specified therefor in the definition of the term "Agreed Administrative Expense Priorities."
Professional Expense Cap has the meaning specified therefor in this Schedule 1.1 under the definition of “Carve-Out Expenses.”
Professional Expense Cap. $2,000,000 minus (a) any amounts deposited by the Administrative Agent to the Carve-Out Account (as defined in the Final Borrowing Order) for Priority Professional Expenses and (b) after the occurrence and continuance of any Event of Default, any payment of accrued and unpaid allowed Priority Professional Expenses whether incurred prior to or following the occurrence and continuance of an Event of Default (other than payments made from (i) the Carve-Out Account (as defined in the Final Borrowing Order) or (ii) the application of retainers paid to professionals prior to the commencement of the Proceedings)."
Professional Expense Cap has the meaning given to such term in Section 3.9(e).
Professional Expense Cap. $1,500,000 minus any payments of Priority Professional Expenses made during the continuance of any Event of Default other than payments made from retainers paid prior to the commencement of the Proceedings.
Professional Expense Cap means $198,000. All payments of Priority Professional Expenses made on and after the date on which Bank has declared an Event of Default shall reduce the Professional Expense Cap dollar for dollar.