Common use of Estimation of Fees and Expenses Clause in Contracts

Estimation of Fees and Expenses. To receive payment for unbilled fees and expenses incurred through the Effective Date, the Professionals shall reasonably estimate their Accrued Professional Compensation Claims through and including the Effective Date, and shall deliver such estimate to the Debtors no later than ten (10) calendar days prior to the Effective Date; provided, however, that such estimate shall not be considered a representation with respect to the fees and expenses of such Professional, and Professionals are not bound to any extent by the estimates. If any of the Professionals fails to provide an estimate or does not provide a timely estimate, the Debtors may estimate the unbilled fees and expenses of such Professional. The total amount so estimated shall be utilized by the Debtors (in consultation with the Committee and the Requisite Consenting Stakeholders) to determine the Professional Fee Escrow Amount.

Estimation of Fees and Expenses. To receive payment for unbilled fees and expenses incurred through the Effective Confirmation Date, the Professionals shall reasonably estimate their Accrued Professional Compensation Claims through before and including as of the Effective Date, Confirmation Date and shall deliver such estimate to the Debtors Debtors, the Committee, and the Supporting Noteholders no later than ten (10) calendar days prior to the Effective Date; provided, however, that such estimate shall not be considered a representation an admission with respect to the fees and expenses of such Professional, Professional and such Professionals are not bound to any extent by the estimates. If any of the Professionals fails to provide an estimate or a Professional does not provide a timely an estimate, the Debtors may estimate the unbilled fees and expenses of such Professional. The total amount so estimated shall be utilized by the Debtors (in consultation with Debtors, the Committee Committee, and the Requisite Consenting Stakeholders) Supporting Noteholders to determine the Professional Fee Escrow Amount.