Fee Escrow Account definition

Fee Escrow Account means an account funded by the Debtors on the Effective Date in an amount equal to the total estimated amount of the Professional Persons’ good faith estimates of their actual, unpaid Fee Claims as of the Effective Date; provided that the Professional Persons shall deliver such good faith estimate and a detailed calculation thereof to the Debtors and counsel to the Supporting Noteholder no later than five (5) Business Days prior to the Effective Date.

Fee Escrow Account means an interest-bearing account(s) to be funded by the Debtors on the Effective Date holding Cash in an amount equal to (a) the amount of accrued and unpaid Fee Claims that are known as of the Effective Date, plus (b) a reasonable estimate of any unknown accrued and unpaid Fee Claims as of the Effective Date, which estimate shall be subject to the approval of the RBL Agent and Requisite Lenders, such approval not to be unreasonably withheld.

Fee Escrow Account means interest-bearing account(s) in an amount equal to the total estimated amount of unpaid Professional Fee Claims and KEIP/KERP Payments, and funded by the Debtors on the Effective Date prior to the transfer, and vesting, of the Liquidating Trust Assets in the Liquidating Trust.

Examples of Fee Escrow Account in a sentence

• The Professional Fee Escrow Account shall be maintained in trust solely for the Professionals and for no other Entities until all Professional Fee Claims Allowed by the Bankruptcy Court have been irrevocably paid in full to the Professionals pursuant to one or more Final Orders of the Bankruptcy Court.

• The Professional Fee Escrow Account shall be maintained in trust solely for the Professionals.

• No Liens, claims, or interests shall encumber the Professional Fee Escrow Account or Cash held in the Professional Fee Escrow Account in any way.

• The Professional Fee Escrow Account shall be maintained in trust for the Professionals.

• When all Professional Fee Claims Allowed by the Bankruptcy Court have been irrevocably paid in full to the Professionals pursuant to one or more Final Orders of the Bankruptcy Court, any remaining funds held in the Professional Fee Escrow Account shall promptly be paid to the Reorganized Debtors without any further notice to or action, order, or approval of the Bankruptcy Court or any other Entity.

More Definitions of Fee Escrow Account

Fee Escrow Account means an interest-bearing account in an amount equal to the total estimated amount of Professional Fee Claims and funded by the Debtors on the Effective Date.

Fee Escrow Account means an interest-bearing account in an amount equal to the total estimated amount of Fee Claims incurred but unpaid as of the Effective Date, funded by the Debtor or Reorganized Debtor, as applicable, on the Effective Date.

Fee Escrow Account means an interest-bearing account in an amount equal to the total estimated amount (subject to the Approved Budget (as defined in the Final DIP Order)) of unpaid Professional Fee Claims and funded by the Debtors on the Effective Date.

Fee Escrow Account means, the depository account established or designated by the Debtors to be funded with Cash for payment of Fee Claims in accordance with the terms of this Plan.

Fee Escrow Account means an account, either interest-bearing or non-interest bearing, in an amount equal to the total estimated amount (subject to the DIP Budget (as defined in the Interim DIP Order and Final DIP Order)) of unpaid Professional Fee Claims and funded by the Debtors on the Effective Date.

Fee Escrow Account shall have the meaning set forth in Section 17.2. “Financing Parties” shall have the meaning set forth in Section 19.10.

Fee Escrow Account means the account opened by the Ministry of Finance of Ukraine, on behalf of Ukraine, with the Agent Bank for the payment of the Guarantee Fee due to the Bank from Ukraine pursuant to Sections 3.01 (a) and (b) of this Counter-Guarantee Agreement and Article IV of the Guarantee Agreement, and referred to in Section 4.02 of the Project Agreement.