Settlement Summary. To achieve the four goals set forth above, Port staff and the Club propose to proceed as outlined below:
Settlement Summary. What does the Settlement provide for? Without any admission of liability, for the purpose of avoiding a trial and the additional costs and expenses related thereto, the Settling Respondents agree to:
Settlement Summary. Settlements were reached requiring Volkswagen to establish an Environmental Mitigation Trust (“Trust”) totaling $2.925 billion. Affected states and tribes that become beneficiaries of the Trust will receive funds to undertake Eligible Mitigation Actions (“EMAs”) that are intended to mitigate the excess NOx emissions from the Volkswagen vehicles. Illinois is a beneficiary of the Trust and has an initial allocation of $108,679,676.98. The Agency has posted links to the settlements on its Volkswagen Settlement webpage (xxxx://xxx.xxx.xxxxxxxx.xxx/topics/air-quality/vw-settlement/index). Separate from the Trust, the Volkswagen Settlement includes a $10 billion vehicle recall and repair program and a $2 billion investment in zero emission vehicle (“XXX”) infrastructure and public education and access to ZEVs.
Settlement Summary. If you are a Non-salaried Teacher, please check the new hourly rate assigned to your name in Appendix
Settlement Summary. In exchange for and in consideration of the Releases and promises of Plaintiff in this Agreement, Defendants agree to pay a total sum of SEVEN HUNDRED 00/100 dollars ($700.00). The payments will be tendered as follows:
Settlement Summary. As noted above, the proposed settlement Port staff achieves these goals through two methods: settlement of outstanding delinquent rent due and entry of a new lease (Lease No. 16653, the “New Lease”). D elinquent Rent under Prior Lease. In terms of the outstanding rent, as of the time of the termination notice PFF had incurred approximately $1,325,648.76 in delinquent rent charges, with $873,776.72 attributable to the listed $1.18/sf rate in the expired lease (the “Base Portion”) and $451,872.04 attributable to the 50% increase in such rate required under Section 26.1 of the expired lease (the “Holdover Provision Portion”). The proposed Settlement Agreement would address these amounts as follows: • The Port would credit the Base Portion against the $5.5 million of the unamortized costs noted above, with a true-up of amounts accrued up until the date the new lease commences. • The Holdover Provision Portion would be waived. • The unamortized rent credits remaining after addressing the delinquent rent charges would be eligible for use under the New Lease.
