Debt instalments under an approved settlement

The settlement sets instalments and default consequences but does not prove later payment.

KORTERIÜHISTU NARVA UNISTUS (now — Narva linn, Kosmonaudi tn 9, Linda tn 7 korteriühistu). KORTERIÜHISTU NARVA UNISTUS and XX agreed to settle a debt claim. Following a partial payment, XX acknowledged the remaining debt and the agreed share of costs. The settlement provides for three instalments; a delay of even one day on any instalment makes the whole balance immediately due and triggers daily late-payment interest of 0.07% on the unpaid part. The source does not disclose the substantive basis of the original claim.

The court approved the settlement and terminated the proceedings. Costs follow the agreement; each party bears its costs not covered by it. The court reserved the refund issue for a separate order after this order becomes final.