Qualified Counsel Fees definition

Qualified Counsel Fees means the amount to be subtracted from the balance in the Trust in an amount equal to the actual fees payable to Qualified Counsel on account of reserves or distributions calculated under the Allocation Plan in accordance with written retainer or fee agreements with Abuse Claimants. The Trust shall pay such fees to Qualified Counsel when the Abuse Claimant receives a distribution from the Trust.
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Qualified Counsel Fees means the amount to be subtracted from the balance in the Trust in an amount equal to the unpaid fees and reimbursable expenses (prepetition and postpetition through the Effective Date) payable to Qualified Counsel on account of Tort Claims under any written retainer or fee agreements with Tort Claimants who receive a distribution on account of such Tort Claims under the Plan. Before any distribution(s) to Tort Claimants from the Trust, the Trustee will subtract all Qualified Counsel Fees and shall pay such Qualified Counsel Fees to the appropriate Qualified Counsel at the time the Tort Claimant receives a distribution from the Trust.
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Qualified Counsel Fees means the total fees, plus applicable gross receipts taxes payable to Qualified Counsel by the beneficiaries of the ASF Settlement Trust based on the Distributions calculated under the Tort Claims Allocation Protocol in accordance with written retainer or fee agreements with those beneficiaries.
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Examples of Qualified Counsel Fees in a sentence

  • The Debtors, the Reorganized Debtors, the Participating Parties, the Released Parties, the Settling Insurers, the Trust, or the Trustee will not have any liability for any fees and expenses of attorneys representing any of the Abuse Claimants except for the provisions relating to Qualified Counsel Fees and Qualified Counsel Costs, and any such Claims for fees and expenses, if any, will be Disallowed.

  • Subject to the treatment of Qualified Counsel Fees and Qualified Counsel Costs pursuant to the Plan, the fees and expenses of attorneys representing Abuse Claimants who receive payment from the Trust will be borne by such Abuse Claimants based on applicable state law and individual arrangements made between such Abuse Claimants and their respective attorneys.

  • Before any Distribution(s) to Tort Claimants on account of their Tort Claims, the Trustee will subtract all Qualified Counsel Fees from the balance in a Trust subaccount in an amount equal to the total fees payable to Qualified Counsel by the beneficiaries of that Trust subaccount based on the reserves or Distributions calculated under the Allocation Protocol.

  • Subject to the treatment of Qualified Counsel Fees and Qualified Counsel Costs pursuant to the Plan, the fees and expenses of attorneys representing Tort Claimants who receive Distributions will be borne by such Tort Claimants based on applicable state law and individual arrangements made between such Tort Claimants and their respective attorneys.

  • The Trust and the Trustee will not have any liability for any fees and expenses of attorneys representing any of the Tort Claimants, except to the extent that the Trust or the Trustee is required to make payments pursuant to the provisions herein relating to Qualified Counsel Fees and Qualified Counsel Costs.

  • The Trust and the Trustee will not have any liability for any fees and expenses of attorneys representing any of the Tort Claimants, except to the extent that the Trust or the Trustee is required to make payments pursuant to the provisions herein relating to Qualified Counsel Fees.

  • The Reorganized Debtor and the Protected Parties will not have any liability for any fees and expenses of attorneys representing any of the Tort Claimants or for any Qualified Counsel Fees.

  • The Reorganized Debtor is not responsible for and will not pay or reimburse Qualified Counsel Fees, Qualified Counsel Costs, fees and costs of attorneys representing Tort Claimants, or fees and expenses incurred in administration and payment of Claims against Participating Religious Orders.

  • Subject to the treatment of Qualified Counsel Fees and Qualified Counsel Costs pursuant to the Plan, the fees and expenses of attorneys representing Abuse Claimants who receive payment from the Trust will be borne by such Abuse Claimants based on applicable state lawand individual arrangements made between such Abuse Claimants and their respective attorneys.

  • Subject to the treatment of Qualified Counsel Fees pursuant to the Plan, the fees and expenses of attorneys representing Tort Claimants who receive payments from the Trust will be borne by such Tort Claimants based on applicable state law and individual arrangements made between such Tort Claimants and their respective attorneys.


More Definitions of Qualified Counsel Fees

Qualified Counsel Fees means the total fees payable to Qualified Counsel by the beneficiaries of a Trust subaccount based on the reserves or Distributions calculated under the Allocation Protocol in accordance with written retainer or fee agreements with those beneficiaries.
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Qualified Counsel Fees means the total fees payable to Qualified Counsel by the beneficiaries of a Trust subaccount based on the reserves or Distributions calculated
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Related to Qualified Counsel Fees

  • Certified counselor means an individual who is certified by a training program or certifying organization, approved by the director, that authenticates the competence of individuals who provide education and assistance to other individuals in connection with debt counseling and financial counseling functions.

  • Lead Counsel means the law firm of Xxxxxxxxx Xxxxxxxx Xxxxxx & Xxxxxxxxx LLP.

  • Company U.S. Counsel means Xxxxxx Xxxxxxx Xxxxxxx & Li LLC.

  • Bond Counsel means an attorney or firm of attorneys of nationally recognized standing on the subject of municipal bonds satisfactory to the Director.

  • Special Counsel means an "independent legal counsel" as defined in Reg. §270.0-1(a)(6) promulgated under the 1940 Act, and such counsel shall be selected by a majority of the Independent Non-Party Directors.

  • Deep poverty pocket means a population census tract having a

  • Counsel means a barrister and/or solicitor or a firm of barristers and/or solicitors retained by the Warrant Agent or retained by the Corporation, which may or may not be counsel for the Corporation;

  • Qualified professional means, for the purposes of OAR 411-320- 0080, any of the following licensed professionals trained to make a diagnosis of a specific intellectual or developmental disability: