Laserfiche WebLink
the AE2S Tolling Agreement, and the Barr Report (collectively, the "Settled Claims"). As such, <br />the Parties now desire to, and have agreed to, compromise and fully and completely settle and resolve <br />any and all of the claims, disputes, causes of action, and potential causes of action by, between and/or <br />among them including, but not limited to, any and all claims that any Party asserted, could have <br />asserted, or should have asserted against the other Parties relating to, regarding and/or arising out of <br />the Settled Claims; and, wish to memorialize the terms and conditions in this Agreement. <br />NOW, THEREFORE, in exchange for the mutual agreements, covenants, promises, conditions, <br />representations, and warranties contained herein, and in consideration for the execution of this <br />Agreement and payment in the amount set forth herein, as well as for good and valuable <br />consideration, the receipt and sufficiency of which are all hereby acknowledged, the Parties do each <br />hereby stipulate and freely and voluntarily agree by and between themselves as follows: <br />IL SETTLEMENT AGREEMENT <br />1. INCORPORATION OF RECITALS. The Recitals set forth above are made a part of <br />this Agreement. The undersigned Parties acknowledge that all facts set forth above in the Recitals <br />are true and correct to the best of the Parties' knowledge; they shall be binding in any future <br />proceeding(s); and, they are incorporated herein as if set forth herein in their entirety. <br />2. EFFECTIVE DATE OF THIS AGREEMENT. The effective date of this Agreement is <br />the date last executed by a Party (the "Effective Date"). <br />3. CONSIDERATION. Without making any admission of liability, and in consideration of <br />the Parties' resolution of the Settled Claims, AE2S shall cause to be delivered to Mounds View's <br />Counsel, Kennedy & Graven, Chartered ("K&G"), the total sum of Fifty -Nine Thousand Eight <br />Hundred Thirty and 00/XX Dollars ($59,830.00) (the "Settlement Payment"), for the benefit of <br />Mounds View, which Mounds View acknowledges as good and valuable consideration for this <br />Agreement and the resolution of the Settled Claims. Within 30 days of the Effective Date of this <br />Agreement, AE2S shall tender the Settlement Payment to K&G in a single installment unless the <br />Parties agree to an alternative payment method and structure that satisfies the terms of this Agreement <br />and that does not further alter any of the material terms set forth herein. <br />4. RELEASE OF CLAIMS. <br />A. MUTUAL GENERAL RELEASES. In consideration for the terms of this Agreement, <br />the Parties, for themselves and their respective predecessors, successors, assigns, parents, <br />subsidiaries, affiliates, officers, directors, managers, partners, members, board members, <br />shareholders, insurers, reinsurers, employees, consultants, agents, representatives, heirs, <br />executors, and administrators, release and discharge each other Party and all of its <br />respective predecessors, successors, assigns, parents, subsidiaries, affiliates, officers, <br />directors, managers, partners, members, board members, shareholders, insurers, <br />reinsurers, employees, consultants, agents, representatives, heirs, executors, and <br />administrators, from the Settled Claims and any and all past, present, and future claims, <br />demands, obligations, controversies, monies, actions, causes of action, lawsuits, <br />3 <br />