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48 U.S.C. § 2177 — Leases

Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2177 — Leases

A lease to a territory or territorial instrumentality shall not be treated as an executory contract or unexpired lease for the purposes of section 365 or 502(b)(6) of title 11 solely by reason of the lease being subject to termination in the event the debtor fails to appropriate rent.

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Source location: Title 48, Chapter 20, § 2177; chapter-020-puerto-rico-oversight-management-and-economic-stability.md

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2194 — Compensation of professionals

**(a) Compensation for services rendered and reimbursement for expenses** After notice to the parties in interest and the United States Trustee and a hearing, the court may award to a professional person employed by the debtor (in the debtor’s sole discretion), the Oversight Board (in the Oversight Board’s sole discretion), a committee under [section 1103 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section1103&num=0&edition=prelim), or a trustee appointed by the court under [section 926 of title 11](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title11-section926&num=0&edition=prelim)— (1) reasonable compensation for actual, necessary services rendered by the professional person, or attorney and by any paraprofessional person employed by any such person; and (2) reimbursement for actual, necessary expenses. **(b) Award of compensation less than amount requested** The court may, on its own motion or on the motion of the United States Trustee or any other party in interest, award compensation that is less than the amount of compensation that is requested. **(c) Factors considered** In determining the amount of reasonable compensation to be awarded to a professional person, the court shall consider the nature, the extent, and the value of such services, taking into account all relevant factors, including— (1) the time spent on such services; (2) the rates charged for such services; (3) whether the services were necessary to the administration of, or beneficial at the time at which the service was rendered toward the completion of, a case under this chapter; 11 See References in Text note below. (4) whether the services were performed within a reasonable amount of time commensurate with the complexity, importance,

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 2177 — Interim compensation

Page 373 TITLE 48—TERRITORIES AND INSULAR POSSESSIONS § 2178 1 See References in Text note below. § 2175. Role and capacity of Oversight Board (a) Actions of Oversight Board For the purposes of this subchapter, the Over- sight Board may take any action necessary on behalf of the debtor to prosecute the case of the debtor, including— (1) filing a petition under section 2164 of this title; (2) submitting or modifying a plan of adjust- ment under sections 2172 and 2173 of this title; or (3) otherwise generally submitting filings in relation to the case with the court. (b) Representative of debtor The Oversight Board in a case under this sub- chapter is the representative of the debtor. (Pub. L. 114–187, title III, § 315, June 30, 2016, 130 Stat. 584.) § 2176. Compensation of professionals (a) Compensation for services rendered and re- imbursement for expenses After notice to the parties in interest and the United States Trustee and a hearing, the court may award to a professional person employed by the debtor (in the debtor’s sole discretion), the Oversight Board (in the Oversight Board’s sole discretion), a committee under section 1103 of title 11, or a trustee appointed by the court under section 926 of title 11— (1) reasonable compensation for actual, nec- essary services rendered by the professional person, or attorney and by any paraprofes- sional person employed by any such person; and (2) reimbursement for actual, necessary ex- penses. (b) Award of compensation less than amount re- quested The court may, on its own motion or on the motion of the United States Trustee or any other party in interest, award compensation that is less than the amount of compensation that is requested. (c) Factors considered In determining the amount of

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