Estate Retained Professional Fees Escrow Amount definition

Estate Retained Professional Fees Escrow Amount means an amount equal to the sum of (i) Estate Retained Professional Fee Claims and other unpaid fees and expenses the Professionals have incurred in rendering services to the Debtors or the Committee in the Chapter 11 Cases prior to the Confirmation Hearing and in accordance with the Final DIP Order, plus (ii) an amount negotiated between the Required Lenders and the Debtors to fund (a) Estate Retained Professional Fee Claims and other unpaid fees and expenses the Professionals will incur in rendering services to the Debtors or the Committee in the Chapter 11 Cases from the date of the Confirmation Hearing through and as of the Plan Effective Date and in accordance with the Final DIP Order, and (b) the fees and expenses associated with the administration of the Estate Retained Professional Fees Escrow Account; provided, however, that in each case all contractual fee arrangements will remain in effect and be accounted for in such negotiated amount, subject to the terms of the Final DIP Order.
Estate Retained Professional Fees Escrow Amount means (x) a reasonable estimate of the aggregate amount of reasonable and documented fees and out-of-pocket expenses of, or incurred by, Professionals retained by Sellers pursuant to Section 327 of the Bankruptcy Code or retained by a statutory committee (other than the UCC, the fees of which are covered by clause (y) below) appointed in the Bankruptcy Case (subject to and limited by the Committee Monthly Cap (as defined in the Cash Collateral Orders, as modified to implement and effectuate the terms of the Global Settlement)) and the fees and expenses of the Bankruptcy Administrator (as defined in the Cash Collateral Orders), in each case, that are (i) are accrued and unpaid as of the Closing Date, or (ii) are transaction-based fees owed to PJT Partners LP provided for in an engagement letter in effect as of the Execution Date, which engagement letter has been disclosed to the Buyer prior to the Execution Date, so long as the payment of such transaction-based fees are authorized to be paid by the Bankruptcy Court either before or after the Closing; and (y) a reasonable estimate of the aggregate amount of all reasonable and documented fees and out-of-
Estate Retained Professional Fees Escrow Amount means an amount equal to the sum of (i)

Examples of Estate Retained Professional Fees Escrow Amount in a sentence

The Sellers and Buyer shall have agreed to the amounts of the Estate Retained Professional Fees Escrow Amount, the Payroll Escrow Amount and the Wind Down Escrow Amount.

For the avoidance of doubt, except for amounts deposited at Closing pursuant to Section 4.2 or as otherwise expressly provided in this Agreement, Buyer shall have no liability with respect to the Estate Retained Professional Fees Escrow Account, the Estate Retained Professional Fees Escrow Amount (and any other Estate Retained Professional Fee Claims), the Payroll Escrow Account and the Payroll Escrow Amount.

From receipt of the Escrow Proposal until delivery of a Flip Notice (if any), the Sellers and Buyer shall negotiate in good faith regarding the Wind-Down Escrow Amount, the Payroll Escrow Amount and the Estate Retained Professional Fees Escrow Amount.


More Definitions of Estate Retained Professional Fees Escrow Amount

Estate Retained Professional Fees Escrow Amount means (x) a reasonable estimate of the aggregate amount of reasonable and documented fees and out-of-pocket expenses of, or incurred by, Professionals retained by Sellers pursuant to

Related to Estate Retained Professional Fees Escrow Amount

Professional Fees means any Claim of a professional retained in the Chapter 11 Cases, pursuant to sections 327, 328 and 1103 of the Bankruptcy Code or otherwise, for compensation or reimbursement of costs and expenses relating to services incurred prior to and including the Effective Date, when and to the extent any such Claim is Allowed by the Bankruptcy Court pursuant to sections 330, 331, 503(b) or 1103 of the Bankruptcy Code.