Common use of Monetary Settlement Terms Clause in Contracts

Monetary Settlement Terms. 3.1 Civil Penalty Payment Pursuant to Health and Safety Code section 25249.7(b)(2), and as consideration for the releases contained in Sections 4.1 and 4.2 below, ▇▇▇▇▇▇▇▇ agrees to pay $3,600 in civil penalties no later than ten (10) days after the Effective Date. The penalty payment will be allocated in accordance with California Health and Safety Code section 25249.12(c)(I) & (d), with 75% of the penalty amount remitted to the California Office of Environmental Health Hazard Assessment ("OEHHA") and the remaining 25% of the penalty amount paid to ▇▇▇▇▇▇▇ and delivered to the address in Section 3.3 herein.

Monetary Settlement Terms. 3.1 Civil Penalty Payment Pursuant to Health and Safety Code section 25249.7(b)(2), and as consideration for the releases contained in Sections 4.1 and 4.2 below, ▇Ningbo agrees to pay $2,000 in civil penalties no later than the Effective Date via wire transfer to ▇▇▇▇▇▇▇ agrees pursuant to pay $3,600 in civil penalties no later than ten (10) days after the Effective DateSection 3.3. The penalty payment will be allocated in accordance with California Health and Safety Code section 25249.12(c)(I25249.12(c)(l) & (d), with 75% of the penalty amount ($1,500) remitted by ▇▇▇▇▇▇▇ to the California Office of Environmental Health Hazard Assessment ("OEHHA") and the remaining 25% of the penalty amount ($500) paid to ▇▇▇▇▇▇▇ and delivered to the address in Section 3.3 herein▇.