Examples of Restructuring Fee in a sentence
In light of Bethlehem’s and Greenhill’s agreement to reduce the amount of the Restructuring Fee to $6 million, the Debtors request that the order approving this Motion clarify that the Restructuring Fee is subject to the applicable standards under section 328 of the Bankruptcy Code.
Pursuant to the amendment and the additional financial advisory services required by Bethlehem, Bethlehem and Greenhill have agreed to reduce the amount of the Restructuring Fee to $6 million.
Finally, the Greenhill Retention Order provided that any Restructuring Fee in excess of $8 million would be subject to review under section 330 of the Bankruptcy Code.
For the avoidance of doubt, in the event the Services Agreement is not entered into on or before the Services Agreement Deadline, the percentage upon which the Restructuring Fee is calculated will increase to 3.25% beginning on the date immediately following the Services Agreement Deadline, being the 91st day following the Effective Date.
In the event such Services Agreement is not entered into on or before the Services Agreement Deadline, the percentage used in the calculation of the Restructuring Fee, as set forth in Section 2.1, will increase by 2.00% beginning on the date immediately following the Services Agreement Deadline and continue to increase by 0.5% upon the elapse of each thirty (30) day period thereafter up to a maximum percentage of 5.0%.