Restructuring Expenses Clause Samples
The Restructuring Expenses clause defines which party is responsible for costs incurred during a corporate restructuring, such as mergers, acquisitions, or reorganizations. Typically, it outlines the types of expenses covered, including legal fees, advisory costs, and administrative charges, and specifies whether these costs are borne by one party or shared between the parties involved. This clause ensures clarity and prevents disputes by explicitly allocating financial responsibility for restructuring-related expenses.
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Restructuring Expenses. On the Effective Date, the Reorganized Debtor shall pay any and all Restructuring Expenses (as defined in the Plan).
Restructuring Expenses. In the event the Bank and the Borrower negotiate for, or enter into, any restructuring, modification or refinancing of the Indebtedness under this Agreement for the purposes of remedying an Event of Default, The Bank, may require the Borrower to reimburse all of the Bank's costs and expenses incurred in connection therewith, including, but not limited to reasonable attorneys' fees and the costs of any audit or appraisals required by the Bank to be performed in connection with such restructuring, modification or refinancing.
Restructuring Expenses. The Restructuring Expenses incurred, or estimated to be incurred, up to and including the Effective Date, payable pursuant to the TSA shall be paid in full in Cash on the Effective Date (to the extent not previously paid during the course of the Chapter 11 Cases) in accordance with, and subject to, the terms of the TSA, without any requirement to file a fee application with the Court, without the need for itemized time detail, or without any requirement for Court review or approval. All Restructuring Expenses to be paid on the Effective Date shall be estimated prior to and as of the Effective Date.
Restructuring Expenses. The Company will pay (i) the fees and expenses of the Committee’s counsel (including local counsel) and financial advisor in accordance with their respective engagement letters, and (ii) the reasonable out-of-pocket expenses of the Committee members in connection with any travel to meetings with the Company. The obligations of the Company to pay such fees and expenses shall not be subject to the bankruptcy court’s approval of such fees and expenses.
Restructuring Expenses. On the Effective Date, ▇▇▇▇▇ agrees to pay the reasonable and documented out-of-pocket fees, costs and expenses of Ropes and its local counsel, as well as any other reasonable and documented out-of-pocket fees, costs and expenses incurred by the Company and the Trustee (collectively, the “Transaction Expenses”).
Restructuring Expenses the principal component of any Sale/Leaseback Transaction that constitutes an operating lease; and
Restructuring Expenses. Not incur restructuring expenses in connection with the discontinuation of operations of the Booneville facility of the Companies in excess of One Million Two Hundred Thousand Dollars ($1,200,000) in Fiscal Year 2004."
14. Effective the date hereof, Exhibit E is added to the Consignment and Forward Contracts Agreement in the form of Schedule A attached hereto and made a part hereof.
15. Effective the date hereof, Exhibit F is added to the Consignment and Forward Contracts Agreement in the form of Schedule B attached hereto and made a part hereof.
16. The Companies hereby acknowledge and agree that, due to a change in the risk profile of the Companies, from and after the date hereof, all examinations, audits and inventories performed by FPM pursuant to the provisions of Paragraph 7.2 of the Consignment and Forward Contracts Agreement shall be at the sole cost and expense of the Companies.
17. All necessary conforming changes to the Consignment and Forward Contracts Agreement necessitated by reason of this Seventh Amendment and Agreement to Consignment and Forward Contracts Agreement shall be deemed to have been made.
18. All references to the "Consignment and Forward Contracts Agreement" in all documents or agreements by and between the parties hereto, shall from and after the effective date hereof refer to the Consignment and Forward Contracts Agreement, as previously amended and as amended hereby, and all obligations of the Companies under the Consignment and Forward Contracts Agreement, as previously amended and as amended hereby, shall be secured by and be entitled to the benefits of such other documents and agreements.
19. Except as amended hereby, the Consignment and Forward Contracts Agreement shall remain in full force and effect and is in all respects hereby ratified and affirmed.
20. The Companies jointly and severally covenant and agree to pay all out-of-pocket expenses, costs and charges incurred by FPM (including reasonable fees and disbursements of counsel) in connection with the preparation and implementation of this Seventh Amendment and Agreement to Consignment and
Restructuring Expenses. On October 1, 2000, Parent shall pay ChipPAC $1,500,000.00 USD in cash, by wire transfer of immediately available funds, to assist ChipPAC in the restructuring of the Company’s operations (including, without limitation, the restructuring of the Hermetic and MOV and other product lines).
Restructuring Expenses. The Company agrees to pay the reasonable out-of-pocket fees, costs and expenses incurred by each of the Revolving Credit Agreement Agent and each of the Consenting Creditors, and expenses of their respective legal and financial advisors (but no more than one legal counsel, one local counsel in each appropriate jurisdiction and one financial advisor for each of the Revolving Credit Agreement Agent and the Consenting Third Lien Noteholders, and the Consenting Unsecured Noteholders, the Convertible Noteholder, and the Consenting Preferred Holders) (collectively, the “Restructuring Expenses”). All such Restructuring Expenses incurred and invoiced up to the Commencement Date shall be paid in full in cash prior to the Commencement Date.
Restructuring Expenses. Fees paid to legal and professional advisors associated with confirmation of the Plan. Based upon an emergence date on or around February 9, 2017.