Examples of Carve-Out Trigger Notice in a sentence
On the day on which a Carve-Out Trigger Notice is received by the Debtors, the Carve-Out Trigger Notice shall constitute a demand to the Debtors to utilize all cash on hand to transfer to the Professional Fees Account cash in an amount equal to all obligations benefitting from the Carve-Out.
Notwithstanding anything to the contrary herein or in the DIP Documents, following delivery of a Carve-Out Trigger Notice, the DIP Agent shall not sweep or foreclose on cash (including cash received as a result of the sale or other disposition of any assets) of the Debtors until the Professional Fees Account has been fully funded in an amount equal to all obligations benefiting from the Carve- Out.
If an event of default occurs and a Carve-Out Trigger Notice is issued, then the amount available under the Carve Out for the fees and expenses of both the Debtor Professionals and Committee Professionals is capped at $450,000.23 Meanwhile, the Debtors’ and Ad Hoc Group’s professionals have already been paid for almost $8 million in fees.24 iv.
Any payment or reimbursement made on or after the delivery of a Carve-Out Trigger Notice for services rendered after the first business day after delivery of a Carve-Out Trigger Notice in respect of any Accrued Professional Compensation shall permanently reduce the aggregateProfessional Fee Post Notice Carve-Out Amount on a dollar-for-dollar basis.
STUDENT SOCIETIES ANDGROUPSVISMAAD- The Divinity SocietySeveral events, including Sangrand Samagam, Asa Di Vaar Samagam, Kirtan Samagam, Basant Samagam, Chet Samagam were organised throughout the academic year.