IN RE RENAISSANCE CRUISES, INC., (Bankr.S.D.Fla. 2001)

RAYMOND B. RAY, United States Bankruptcy Judge.

THIS MATTER having come before the Court on the 6^th day of November, 2001, at 1:30 P.M. in Fort Lauderdale, Florida, on the Motion By Debtors for an Order Establishing Procedures for Interim Compensation and Reimbursement of Chapter 11 Professionals ((P #108) "Motion"). The Court having reviewed the Motion and having heard the arguments of counsel in support of the relief requested; the Court finding that notice of the Motion given by the Debtors was sufficient under the circumstances; and the Court being fully advised in the premises, hereby ORDERS as follows

1. The Motion is GRANTED.

2. The Debtors shall be permitted to pay the professionals approved for emploxment by this court ("Professionals") in accordance with Section 105(a) and 331 of the Bankruptcy Code, which establishes an orderly, regular process for allowance and payment of compensation and reimbursement for attorneys and other professional whose services are authorized by this Court pursuant to Sections 327 or 1103 of the Bankruptcy Code.

3. Professionals are hereby authorized to file interim fee applications every sixty (60) days seeking 80% of fees incurred, with a 20% holdback and 100% of disbursements incurred which applications are subject to Court approval as part of the normal fee application process. For the first two (2) interim billing periods, Professionals shall be entitled to file applications every thirty (30) days due to the significant time being spent on the case during the calendar year 2001. Therefore, the Second Interim Fee Application shall be filed on December 10, 2001 for fees and cost, through November 30, 2001, so that fees and costs for the calendar year 2001 can be heard and considered by the end of the calendar year 2001.

4. All Professionals shall file interim fee applications according to the following schedule

A. First Interim Fee Applications shall be filed on or before November 10, 2001 (the "First Interim Applicartons"). The First Interim Applications shall represent fees and costs incurred by the Professionals from September 25, 2001 through October 31, 2001.

B. Second Interim Applications shall be filed on or before December 10, 2001 (the "Second Interim Applications"). The Second Interim Applications shall represent fees and costs incurred by the Professionals from November 1, 2001 through November 30, 2001.

C. Third Interim Fee Applications shall be filed on or before February 10, 2002 (the "Third Interim Applications"). The Third Interim Applications shall represent fees and costs incurred by the Professionals from December 1, 2001 through January 31, 2002.

D. Thereafter interim applications shall be filed on or before the 10th day of the month in accordance with the schedule set forth above covering the preceding sixty day time period.

5. The procedures for interim compensation and reimbursement of Chapter 11 professionals are modified to permit the Professionals defined in the Motion to maintain their time and expense records under the lead case. RENAISSANCE CRUISES, INC. Case No. 01-27062-BKC-RBR rather than allocate time among the eight debtors and to file one fee application in the lead case. This relief is without prejudice to this issue being revisited at a later date. If the circumstances warrant keeping time separately among all or some of the separate Debtors.

ORDERED.