By Certified Mail return receipt requested and Regular US Mail Date Parties and addresses Re Transfer of interest in Medallions No PDF document - DocSlides

By Certified Mail return receipt requested and Regular US Mail Date Parties and addresses Re Transfer of interest in Medallions No PDF document - DocSlides

2015-03-04 139K 139 0 0

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by Transferor Dear Reference is made to the Rules of the Taxi and LPRXVLQH57347RPPLVVLRQ5734757355WKH57347575237 applicable to taxicab meda llions which appear in chapter 58 of Title 35 of the Rules of WKH57347LW57347RI573471HZ Capitalized terms used ID: 40918

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By Certified Mail, return receipt requested, and Regular US Mail Date: [Parties and addresses] Re: Transfer of interest in Medallion(s) No.____________by Transferor_____________ Dear__________________: Reference is made to the Rules of the Taxi and /LPRXVLQH&RPPLVVLRQWKH7/& applicable to taxicab meda llions which appear in chapter 58 of Title 35 of the Rules of WKH&LW\RI1HZ Capitalized terms used herein, unless otherwise defined, shall have the meanings ascribed thereto in the TLC Rules The above referenced transferor seeks to transfer its interest in the above referenced medallio n and, pursuant to TLC Rule 58 47 , seeks to determine Escrow Amount required to be established in respect of a possible Excess Claim You ha ve asserted that you, or someone you represent (collectively hereafter referred to DV\RXDQG\RXUDVDSSURSULDWH , has a claim that may be a possible Excess Claim against the above referenced medallion arising from _____________________[describe, i.e ., an accident occurring on 2/1/09] WKH$VVHUWHG&ODLP Pursuant to TLC Rule 58 47 (c) , you are h ereby notified that 1. The Transferor [believes][does not believe] that the Asserted Claim is an Excess Claim. 2. The Transferor proposes that an Escrow Amoun t in the amount of $_________________ be established in respect of the Asserted Claim. 3. If you object to the proposed Escrow Amount, you must do so in writing and within thirty (30) days from the date of this letter. Your objection must state a basis for the objection. A copy of your objection must be provided to the TLC at the following address: New York City Taxi and Limousine Commission Legal Department, Transfer Division 33 Beaver St., 22 nd Floor New York, NY 10004
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4. If the TLC does not rece ive your objection within thirty (30) days of the date of this letter, you wi ll be deemed to have accepted the Escrow Amount proposed in paragraph 2. 5. Your acceptance of the proposed Escrow Amount, or your failure to object to the proposed Escrow Amount, s hall not prejudice any rights, claims or remedies you may have against the Transferor in connection with the Asserted Claim. 6. If you do file a timely objection, please be advised that the TLC will refer the determination of the Escrow Account to the New York City Office of Administrative Trials and Hearings. In th at proceeding, you wi ll have the burden of proof in establishing that the Asserted Claim is an Excess Claim. 7. THE ESTABLISHMENT OF AN ESCROW UPON YOUR AGREEMENT AS TO THE ESCROW AMOUNT OR A DETE RMINATION OF THE ESCROW AMOUNT BY OATH DOES NOT MEAN THAT Y OU WILL RECOVER ANY MONEY ON ACCOUNT OF THE ASSERTED CLAIM. Your recovery, if any, will be determined only upon resolution , by litigation or otherwise, of the Asserted Claim. Any escrow that is e stablished is established to comply with the requirements of the TLC and the TLC Rules in connection with the transfer of the above referenced medallion . 8. For further information, yo u are urged to consult chapter 58 of the TLC Rules. Very truly yours, cc: The New York City Taxi & Limousine Commission Legal Department, Transfer Division 33 Beaver St., 22 nd Floor New York, NY 10004 TLC 1/23/09

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