Professional Fee Cap definition

Professional Fee Cap means the following professional firms’ fees in the following amounts incurred by such professional firm solely in the Fee Capped Months: (i) Baker Botts L.L.P., $1.793 million incurred during the Fee Capped Months; (ii) Greenberg Traurig LLP, $743,000 incurred during the Fee Capped Months; (iii) Opportune, the Debtors’ current projected aggregate fees for Opportune incurred in the Fee Capped Months less $57,000 incurred during the month of December; (iv) Akin Gump, the Debtors’ current projected aggregate fees for Akin Gump incurred in the Fee Capped Months less $182,000; (v) Alvarez & Marsal, the Debtors’ current projected aggregate fees for Alvarez & Marsal incurred in the Fee Capped Months less $232,000; (vi) Rothschild, the Debtors’ current projected aggregate fees for Rothschild incurred in the Fee Capped Months less $157,000, which shall be taken as a deduction from the completion fee in Rothschild’s engagement letter, which deduction shall be acknowledged by Rothschild in a notice filed with the Bankruptcy Court within a reasonable time after September 23, 2014 and prior to October 30, 2014; and (vii) Lazard, the Debtors’ current projected aggregate fees for Lazard incurred in the Fee Capped Months less $69,500, which shall be taken as a deduction from the “success” or “completion” fee in Lazard’s engagement letter and which deduction shall be acknowledged by Lazard in a notice filed with the Bankruptcy Court within a reasonable time after September 23, 2014 and prior to October 30, 2014; provided, however, that the Debtors’ professionals and the Committee’s professionals may exceed such fee caps if and to the extent they or their respective clients make a good faith determination that the incurrence of such additional fees is consistent with the applicable professional responsibilities of such professional or the fiduciary duties of their clients; provided, further, that in such event, the Debtors, the Committee or their respective professionals, as the case may be, make such determination, they shall provide the Debtors, the Investors and the Committee notice of such event as soon as reasonably practicable; and provided further, however, that, for the avoidance of doubt, the Investors shall not be required to close and consummate the transactions implemented as part of the Plan if there is an amount incurred in excess of the Professional Fee Cap. For the avoidance of doubt, the Professional Fee Cap shall not apply to any professionals’ fees and e...
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Professional Fee Cap means, in the aggregate, (i) $175,000.00, (ii) any retainers currently held by Professionals, (iii) carveouts in the Final DIP Order, and (iv) other sources of payments to Professionals, which aggregate amount shall be the maximum Allowed Claim of any and all Court approved professionals in this Estate. The Professional Fee Cap shall not include or otherwise be impacted by amounts due to Stretto.
Sample 1
Professional Fee Cap means the following professional firms’ fees in the following amounts incurred by such professional firm solely in the Fee Capped Months: (i) Baker Botts LLP, $1.793 million incurred during the months of October, November, and December 2014 (the “Fee Capped Months”);; (ii) Greenberg Traurig LLP, $743,000 incurred during the Fee Capped Months; (iii) Opportune, the Debtors’ current projected aggregate fees for Opportune incurred in the Fee Capped Months less $57,000 incurred during the month of December; (iv) Akin Gump, the Debtors’ current projected aggregate fees for Akin Gump incurred in the Fee Capped
Sample 1

Examples of Professional Fee Cap in a sentence

  • Neither the Debtors nor Deerfield will object to professional fees and expenses sought by the Committee or its professionals in an amount less than or equal to the Committee Professional Fee Cap.

  • But when it comes to tackling the problem on the ground, in communities that are swamped with small arms and the rapid availability of ammunition, progress is very problematic.

  • An amount equal to the Committee Professional Fee Cap less any fees and expenses paid to the Committee’s Retained Professionals during the Chapter 11 Cases shall be funded to the Professional Fee Reserve on the Effective Date.

  • Neither the Creditors’ Committee nor its Retained Professionals shall seek payment of Accrued Professional Compensation Claims in excess of the Creditors’ Committee Professional Fee Cap.

  • An amount equal to the Committee Professional Fee Cap less any fees and expenses paid to the Creditors’ Committee’s Retained Professionals during the Chapter 11 Cases shall be funded to the Professional Fee Escrow Account on the Effective Date.

  • Any Accrued Professional Compensation Claims sought by the Creditors’ Committee’s Retained Professionals that exceed the Committee Professional Fee Cap shall be deemed waived.

  • UberX, you get a picture of the driver; you have their name; and when your ride gets dropped off, you get an email confirming that.

  • Neither the Debtors nor Deerfield Partners, L.P., Deerfield Private Design Fund III, L.P. or Deerfield Private Design Fund IV, L.P. shall object to the Accrued Professional Compensation Claims of the Creditors’ Committee’s Retained Professionals provided that the aggregate of such Accrued Professional Compensation Claims are equal to or less than the Creditors’ Committee Professional Fee Cap.

  • In the event not recovered by setoff by the applicable Consenting OEM, Supplier shall reimburse each Consenting OEM for its Professional Fees, subject to and determined in accordance with the Professional Fee Cap.

  • The payment of the 80% to obtain the 20% discount may be19 paid as follows: The amount of $1.4 million by the end of year two, with the remaining balance of20 the 80% (based on the ultimate amount of the allowed RDI Allowed Professional Fees up to the21 amount of the RDI Professional Fee Cap) by the end of year three.

Related to Professional Fee Cap

  • Professional Fee Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses that Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.B of the Plan.

  • Professional Fees means amounts billed or to be billed to a client for legal services provided or to be provided to the client by the lawyer or the lawyer’s firm;

  • Professional Fee Claims means all Administrative Claims for the compensation of Professionals and the reimbursement of expenses incurred by such Professionals through and including the Effective Date to the extent such fees and expenses have not been paid pursuant to the Interim Compensation Order or any other order of the Bankruptcy Court. To the extent the Bankruptcy Court denies or reduces by a Final Order any amount of a Professional’s requested fees and expenses, then the amount by which such fees or expenses are reduced or denied shall reduce the applicable Professional Fee Claim.

  • Professional Fee Claim means a Claim by a professional seeking an award by the Bankruptcy Court of compensation for services rendered or reimbursement of expenses incurred through and including the Confirmation Date under sections 330, 331, 503(b)(2), 503(b)(3), 503(b)(4), or 503(b)(5) of the Bankruptcy Code.

  • Professional Fee Order means the order entered by the Bankruptcy Court on July 16, 2001, authorizing the interim payment of Professional Claims, as may be amended from time to time prior to the entry on the docket of the Confirmation Order.

  • Professional Fee Escrow means an escrow account established and funded pursuant to section 2.6 of the Plan.

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Multiphase professional services contract means a contract for the providing of professional

  • Professional Services Agreement means the agreement attached hereto as Exhibit C and all written statements of work signed by Licensee and related thereto.

  • Administrative Expense Cap An amount equal on any Payment Date (when taken together with any Administrative Expenses paid during the period since the preceding Payment Date or in the case of the first Payment Date, the period since the Closing Date), to the sum of (a) 0.025% per annum (prorated for the related Interest Accrual Period on the basis of a 360-day year and the actual number of days elapsed) of the Fee Basis Amount on the related Determination Date and (b) U.S.$250,000 per annum (prorated for the related Interest Accrual Period on the basis of a 360-day year consisting of twelve (12) 30-day months); provided that (1) in respect of any Payment Date after the third Payment Date following the Closing Date, if the aggregate amount of Administrative Expenses paid pursuant to Section 11.1(a)(i)(A), Section 11.1(a)(ii)(A) and Section 11.1(a)(iii)(A) (including any excess applied in accordance with this proviso) on the three immediately preceding Payment Dates and during the related Collection Periods is less than the stated Administrative Expense Cap (without regard to any excess applied in accordance with this proviso) in the aggregate for such three preceding Payment Dates, then the excess may be applied to the Administrative Expense Cap with respect to the then-current Payment Date; and (2) in respect of the third Payment Date following the Closing Date, such excess amount shall be calculated based on the Payment Dates preceding such Payment Date.

  • Non-Administrator Skilled Nursing Facility means a Skilled Nursing Facility which does not have an agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan but has been certified in accordance with guidelines established by Medicare.

  • Professional service means a type of personal service to the public that requires that the provider obtain a license or other legal authorization as a condition precedent to providing that service. Professional service includes, but is not limited to, services provided by a certified or other public accountant, chiropractor, dentist, optometrist, veterinarian, osteopathic physician, physician, surgeon, podiatrist, chiropodist, physician's assistant, architect, professional engineer, land surveyor, or attorney-at-law.

  • Professional Services means those services within the scope of the practice of architecture, professional engineering, landscape architecture, or registered surveying and mapping, as defined by the laws of Florida, or those services performed by any architect, professional engineer, landscape architect, or registered surveyor and mapper, in connection with the firm's or individual's professional employment or practice.

  • Skilled Nursing Facility means an institution or part thereof that is licensed as a Skilled Nursing Facility by the State of Florida, and is accredited as a Skilled Nursing Facility by The Joint Commission or recognized as a Skilled Nursing Facility by the Secretary of Health and Human Services of the United States under Medicare.

  • Provider fee means the consideration paid for a service contract.

  • Independent living services means services and activities provided to a child in foster care 14 years

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • professional user shall have the meaning given it in the Regulations and Procedures for the International Registry.

  • Professional Engineer means a person entitled to practise as a Professional Engineer in the Province of Ontario under a licence issued under the Professional Engineers Act;

  • Independent educational evaluation means an evaluation conducted by a qualified examiner who is not employed by the public agency responsible for the education of the child in question.

  • Additional Fee means a fee, in addition to the licence fee, imposed by the municipality on a business at any time during the term of the licence for costs incurred by the municipality attributable to the activities of the business;

  • Expense Reimbursement has the meaning set forth in Section 8.2(c).

  • Base Management Fee means the base management fee, calculated quarterly in arrears, in an aggregate amount equal to the sum of (i) 25% per Quarter of the Fee Amount, plus (ii) 0.3125% of the Total Capitalization Value Increase for the preceding Quarter;

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.