Professional Fee Claims definition

Professional Fee Claims means all Claims for accrued, contingent, and/or unpaid fees and expenses (including transaction and success fees) incurred by a Professional in the Chapter 11 Cases on or after the Petition Date and through and including the Confirmation Date that the Bankruptcy Court has not denied by Final Order. To the extent that the Bankruptcy Court or any higher court of competent jurisdiction denies or reduces by a Final Order any amount of a Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Professional Fee Claims.

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 Claims means all Administrative Claims for the compensation of Professionals and the reimbursement of expenses incurred by such Professionals through and including the Confirmation Date to the extent such fees and expenses have not been previously paid.

Examples of Professional Fee Claims in a sentence

• Any Professional Fee Claims that become Allowed after the Effective Date shall by paid by the Liquidating Trustee to the respective Professional from the Professional Fee Reserve within five (5) business days of receipt by the Liquidating Trustee of the Order or other pleading authorizing the payment thereof.

• For the avoidance of doubt, Allowed Professional Fee Claims shall be paid in accordance with the Plan, the Confirmation Order, and any orders of the Bankruptcy Court with respect to final allowance of such Professional Fee Claims.

• After such date, all unclaimed property on account of Deferred Professional Fee Claims or General Unsecured Claims shall revert to the Liquidation Trust and shall be distributed to Liquidation Trust Beneficiaries holding such Deferred Professional Fee Claims or General Unsecured Claims pursuant to the Plan.

• In accordance with section 1123(a)(1) of the Bankruptcy Code, Administrative Claims, Professional Fee Claims, and Priority Tax Claims have not been classified and thus are excluded from the Classes of Claims set forth in Article III of the Plan.

• The Creditor Trustee may, in his sole discretion, cause the Creditor Trust to retain an amount of Net Proceeds as set forth in and to effectuate the provisions of the Plan and the Confirmation Order, or to meet Claims and contingent liabilities, including, but not limited to, Professional Fee Claims and Disputed Claims.

More Definitions of Professional Fee Claims

Professional Fee Claims means all Claims for accrued fees and expenses (including transaction or sale fees) for services rendered by a Professional through and including the Confirmation Date regardless of whether a monthly fee statement or interim fee application has been Filed for such fees and expenses. To the extent the Bankruptcy Court or any higher court of competent jurisdiction denies or reduces by a Final Order any amount of a Professional’s fees or expenses, then the amount by which such fees or expenses are reduced or denied shall reduce the applicable Professional Fee Claim.

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.

Professional Fee Claims means all Claims for fees and expenses (including transaction and success fees) incurred by a Professional on or after the Petition Date to the extent such fees and expenses have not been paid pursuant to an order of the Bankruptcy Court.

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 Court. To the extent the 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 Allowed Professional Fee Claim.

Professional Fee Claims means all Claims for fees and expenses incurred by a Professional on or after the FMT Petition Date or SC SJ Petition Date, as applicable, to the extent such fees and expenses have not been paid pursuant to an order of the Bankruptcy Court. To the extent that there is a Final Order denying some or all of a Professional’s fees or expenses, such denied amounts shall no longer be considered a Professional Fee Claim.

Professional Fee Claims means all Claims for fees and expenses (including transaction and success fees) incurred by a Professional on or after the Petition Date and before or on the Effective Date to the extent such fees and expenses have not been paid pursuant to an order of the Bankruptcy Court; provided, that any Professional Fee Claims of the Equity Committee shall be consistent with the RSA, the Agreed Order Directing the Appointment of an Official Committee of Equity Security Holders (Docket No. 642), and any subsequent order of the Court regarding the Professional Fee Claims of the Equity Committee.

Professional Fee Claims means a Claim of a Professional for compensation for services rendered or reimbursement of costs, expenses, or other charges incurred after the Petition Date and on or before the Effective Date.