Additional Debt Extinguishment Clause Samples

Additional Debt Extinguishment. If the only debt owed by a Class Member for an ASE or ATL violation subject to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Lawsuit is for late payment penalties or collection fees, the City will forgive and extinguish such penalties or fees. The debt extinguished under this Paragraph will not count toward or come out of the Settlement Fund, even if such a Class Member also submits a claim for a Class Member Debt Extinguishment, but instead will constitute relief separate from and in addition to the Settlement Fund. For sake of clarity, if the only debt owed by a Class Member for an ASE or ATL violation subject to the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Lawsuit is for a late payment penalty or collection fees and that Class Member submits a claim for a Class Member Debt Extinguishment on that violation, the extinguishment of the late payment penalty and collection fees on that violation will not count toward or come out of the Settlement Fund, but instead will be extinguished separate from and in addition to the Settlement Fund.