Examples of Creditors’ Committee Professionals in a sentence
In the event an appeal is pending from this Confirmation Order as of the Effective Date the Creditors’ Committee shall remain in existence only for purposes related to the prosecution and defense of such appeal, and the Creditors’ Committee Professionals shall be entitled to compensation and reimbursement of expenses in connection with such matters.
Notwithstanding anything herein to the contrary, the Debtors and the Wind-Down Trustee shall pay Allowed Professional Fee Administrative Claims to the extent permitted by the Wind-Down Budget absent written consent of FIE and any amounts incurred by the Creditors’ Committee Professionals in excess of $100,000 for the period commencing January 4, 2021 through the Effective Date shall not be paid from the Professional Fee Escrow Account and shall be payable solely from the Liquidating Trust Assets.
All requests for payment of Professional Claims by Creditors’ Committee Professionals for services rendered and reimbursement of expenses incurred prior to the Effective Date must be filed no later than 45 days after the Effective Date.
The Creditors’ Committee Professionals may be retained by the Liquidating Trust.
On the Effective Date, the engagement of each Professional retained by the Debtors and the Creditors’ Committee shall be terminated without further order of the Bankruptcy Court or act of the parties; provided, however, that the Creditors’ Committee Professionals shall continue to be retained for the purposes set forth in Section 7.9 hereof; provided, further, however, any Professional may be retained by the Liquidating Companies or the Plan Administrator.
All parties’ rights are reserved to object to Professional Fee Applications of the Creditors’ Committee Professionals filed after August 18, 2010, to the extent such Professional Fee Applications seek allowance of Professional Fees inconsistent with the Plan.
Kramer Levin coordinated with Creditors’ Committee Professionals prior to these meetings, on tasks including drafting and setting agendas and preparing and reviewing materials.
The Reorganized Debtors shall continue to compensate the Creditors’ Committee Professionals for reasonable services provided in connection with any of the foregoing post-Effective Date activities.
ClassClass Name 3 Anticipated recoveries depend upon, inter alia, the amount of the Post-Effective Date Expenses, the amount of the Schlenk Receivables actually recovered by the Debtors’ Estates and the Allowed amount of Professional Fee Claims for Creditors’ Committee Professionals,.
All parties’ rights are reserved to object to Professional Fee Applications of the Creditors’ Committee Professionals filed after August 18, 2010 to the extent such Professional Fee Applications seek allowance of Professional Fees inconsistent with this Plan.