Carve-Out Expenses definition

Carve-Out Expenses means those amounts, fees, expenses and claims set forth in clause "first" of the definition of the term "Agreed Administrative Expense Priorities."

Carve-Out Expenses shall have the meaning assigned to it in Section 1.18(c).

Carve-Out Expenses has the meaning set forth in SECTION 4.21.

Examples of Carve-Out Expenses in a sentence

• Any payment or reimbursement made in respect of any Carve-Out Expenses incurred by any Debtor Professional prior to an Event of Default shall not reduce the Carve-Out.

• Any payment or reimbursement made in respect of any Carve-Out Expenses incurred by any Debtor Professional on or after an Event of Default shall permanently reduce the Carve-Out on a dollar for dollar basis.

• Payment of any Carve-Out Expenses, whether by or on behalf of Agent or any Lender, shall not and shall not be deemed to reduce the Obligations, and shall not and shall not be deemed to subordinate any of Agent's and Lenders' liens and security interests in the Collateral or their Superpriority Claim to any junior pre- or post-petition lien, interest or claim in favor of any other party.

• However, for these eight purchase orders, sign-in sheets were not utilized or the dates of the pre-bid meetings were not documented to prove that the pre-bid meetings took place.

• The DIP Lenders shall have no further obligation to pay or otherwise fund any Professional fees or disbursements or Carve-Out Expenses (as such term is defined in the DIP Orders).

More Definitions of Carve-Out Expenses

Carve-Out Expenses means any payments permitted (at any time) to be made by the Bankruptcy Court in respect of fees, costs and expenses of attorneys, accountants and other professionals retained in the Chapter 11 Cases pursuant to Sections 327, 328, 330, 331 and 1103 of the Bankruptcy Code.

Carve-Out Expenses means those amounts, fees, expenses and claims set forth in clause "FIRST" of the definition of the term "Agreed Administrative Expense Priorities."

Carve-Out Expenses means any payments permitted to be made by the Bankruptcy Court in respect of fees and expenses of attorneys, accountants and other professionals retained in the Chapter 11 Cases pursuant to Sections 327, 328, 330, 331 and 1103 of the Bankruptcy Code.

Carve-Out Expenses means, upon the occurrence and during the continuation of a Default or Event of Default, and unless such Default or Event of Default is otherwise waived by the Administrative Agents and the Lenders in writing in accordance with this Agreement, the following expenses: (a) statutory fees payable to the U.S. Trustee pursuant to 28 U.S.C. Section 1930(a)(6); and (b) subject to the terms and conditions of the Interim Order or the Final Order, the allowed and unpaid professional fees and disbursements incurred by the Debtors and any official Committee for any professionals retained by final order of the Court (which order has not been reversed, vacated or stayed unless such stay is no longer effective) by the Debtors or such Committee under Sections 327 or 1103(a) of the Bankruptcy Code (the “Case Professionals”) in an aggregate amount not in excess of $5,000,000 (plus all unpaid professional fees and disbursements of such Case Professionals incurred prior to the occurrence of such Default or Event of Default to the extent allowed and payable pursuant to an order of the Court (which order has not been reversed, vacated or stayed unless such stay is no longer effective) (“Allowed Professional Fees”) under Sections 328, 330 and/or 331 of the Bankruptcy Code and any interim compensation procedures order, but solely to the extent such Allowed Professional Fees were incurred in accordance with the Budget and reflected in the Borrowing Base Certificate most-recently delivered prior to the occurrence of such Default or Event of Default. The Agents and Lenders shall not be responsible for the direct payment or reimbursement of any fees or disbursements of any Case Professionals incurred in connection with the Chapter 11 Cases or any successor cases under any chapter of the Bankruptcy Code. Nothing in this Agreement or otherwise shall be construed to obligate the Agents or Lenders, in any way to pay compensation to or to reimburse expenses of any Case Professional, or to guarantee that the Debtors have sufficient funds to pay such compensation or reimbursement.

Carve-Out Expenses means (i) amounts payable pursuant to 28 U.S.C. ss. 1930(a)(6) and (ii) allowed fees and expenses of professionals retained in the Chapter 11 Cases pursuant to sections 327 and 1103 of the Bankruptcy Code up to but not exceeding $500,000 in the aggregate (inclusive of any holdbacks, but excluding any unused retainers established prior to the date hereof); provided, that such amounts shall not be used for attacking Lender, its claims or interests, the Loans or the Chapter 11 Plan.

Carve-Out Expenses has the meaning assigned to it in the Interim Order or, if the Final Order has been entered, the Final Order.

Carve-Out Expenses has the meaning assigned to such term in Section 2.20(c).