Owner Restitution definition

Owner Restitution means monetary compensation that Volkswagen will pay to
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Examples of Owner Restitution in a sentence

  • The Vehicle Value is $23,000 and the Owner Restitution is $7,000.

  • Loan Forgiveness shall not exceed 30% of the sum of the Vehicle Value and Owner Restitution.

  • If you bought your vehicle after September 18, 2015 and still own it, you are a class member, and you are entitled to make a claim for a Buyback or an Approved Emissions Modification, and to receive Owner Restitution as described in Question 19.

  • The Vehicle Value is $15,000 and the Owner Restitution is$5,986.73 (i.e., 20% of Vehicle Value as the variable component plus $2,986.73 as the fixed component) for a total of $20,986.73.

  • If you choose the Buyback, you will receive the Vehicle Value, plus an additional cash payment called Owner Restitution, as described below.

  • The owner will also receive an additional amount to be determined based on available funds.• Example 2: An owner with a Vehicle Value of $9,000 will receive $2,550 as Owner Restitution.

  • If you choose an Approved Emissions Modification, you will receive the modification, plus Owner Restitution.

  • Mastro, Executive Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

  • Eligible Owners who choose the Buyback Option shall receive the Vehicle Value plus Owner Restitution, as further defined below (together, the “Buyback Amount”).

  • Volkswagen pays $39,000 to the lender, including$30,000 as Vehicle Value and Owner Restitution (the Buyback Amount) plus an additional 30% of that amount, or $9,000, as Loan Forgiveness.

Related to Owner Restitution

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Owner or operator means any person who owns, leases, operates, controls, or supervises a stationary source.

  • Construction and Demolition Debris means and includes:

  • Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.

  • Construction Schedule means a construction schedule indicating the planned start and completion dates of the major activities of the Work as set out in Appendix [ ], a future Appendix;

  • Construction waste means solid waste which is produced or generated during construction, remodeling, or repair of pavements, houses, commercial buildings, and other structures. Construction wastes include, but are not limited to lumber, wire, sheetrock, broken brick, shingles, glass, pipes, concrete, paving materials, and metal and plastics if the metal or plastics are a part of the materials of construction or empty containers for such materials. Paints, coatings, solvents, asbestos, any liquid, compressed gases or semi-liquids and garbage are not construction wastes.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;

  • Construction and demolition waste means the waste building materials, packaging, and rubble resulting from construction, remodeling, repair, and demolition operations on pavements, houses, commercial buildings and other structures.

  • Owner-builder means an owner or lessor of real property who, by himself or by or through others, constructs or has constructed or reconstructs or has reconstructed any improvement to real property.

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Direct Assignment Facilities means facilities or portions of facilities that are constructed for the sole use/benefit of a particular Transmission Customer requesting service under the Tariff. Direct Assignment Facilities shall be specified in the Service Agreement that governs service to the Transmission Customer and shall be subject to Commission approval.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Extended Summer Resource Price Adder means, for Delivery Years through May 31, 2018, an addition to the marginal value of Unforced Capacity as necessary to reflect the price of Annual Resources and Extended Summer Demand Resources required to meet the applicable Minimum Extended Summer Resource Requirement.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Owner/Operator means a requirement applies to the owner and/or operator of a TRU or TRU gen set, as determined by agreement or contract between the parties if the two are separate business entities.

  • construction site means a workplace where construction work is being performed;

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Annexation means an annexation to a city or town under Title 10, Chapter 2, Part 4, Annexation.

  • Environmental Impact Assessment means a systematic examination conducted to determine whether or not a programme, activity or project will have any adverse impacts on the environment;

  • Construction Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Construction-manager-at-risk means a project delivery method in which:

  • Construction defect means a deficiency in or a deficiency arising out of the design, specifications, surveying, planning, supervision, or observation of construction or construction of residential improvements that results from any of the following:

  • Construction Completion means physical construction of a cleanup action component is complete.

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);