WILLIAM GREENDYKE, Bankruptcy Judge.
(This order corresponds to Docket #2107)
CAME ON FOR CONSIDERATION the First Interim Application by Andrews Kurth L.L.P. (the "Applicant") as Counsel to the Official Committee of Unsecured Creditors for Compensation and Reimbursement of Expenses for Period From November 26, 2002 through February 28, 2003 ("First Interim Application"). The Court having found that proper notice was given and that no objections to the First Interim Application were filed, and Applicant having, at the direction of the Court, determined that of the $491,727.15 in fees sought for the period from November 26, 2002 through February 28, 2003: (i) $10,942.20 was for services in connection with Applicant's Bankruptcy Rule 2014 statement and conflict checking; (ii) $9,184.95 was related to an informal objection to Applicant's employment raised by a creditor in these cases; and (iii) $471,600.00 was the remaining amount after deducting the amounts in (i) and (ii);, IT IS THEREFORE
ORDERED that the First Interim Application is approved, in part, as stated on the record at the hearing on May 7, 2003. It is further
ORDERED that Applicant is allowed interim compensation for fees in the amount of $471,600.00. It is further
ORDERED that after deducting payments that have already been made to Applicant under the Administrative Order Pursuant to Sections 105(a) and 331 of the Bankruptcy Code Establishing Procedures for Interim Compensation and Reimbursement of Expenses of Professionals (the "Administrative Order"), the Debtors are authorized to and shall pay the 20% holdback amount of $94,320.00 for such fees to Applicant within ten (10) days after the entry of this Order. It is further
ORDERED that the remaining fees in the total amount of $20,127.15 sought by Applicant in the First Interim Application but not approved herein shall be considered in connection with Applicant's next fee application. It is further
ORDERED that Applicant is allowed reimbursement of expenses in the amount of $19,637.49 for the period from November 26, 2002 to February 28, 2003, and after deducting the payments that have already been made to Applicant for expenses under the Administrative Order, the Debtors shall pay the remaining balance of $1,194.25 for expenses owing to Applicant within ten (10) days of the entry of this order.
This is to certify that the foregoing Order is being submitted in accordance with the Court's Ruling on the Record at the May 7, 2003 Hearing: