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As part of the agreement, Mayor Bloomberg said, the city will forgive about $19 million in interest payments on the existing mortgage on the property.
In the recent agreement for the latest Greek bailout, Société Générale was among the banks that agreed to forgive about one-fifth of the value of the country's debt.
Creditors including Yonkers Racing Corporation and New York Racing Association will forgive about $65 million in exchange for some of OTB's wagering operations and changes to state racing laws to help video-lottery terminal operators generate revenue.
The Republican majority in Congress has repeatedly cut the president's budget requests for Africa and has so far failed to approve an administration proposal to forgive about $475 million in African debt.
Thus on June 9th, as the G8 finance ministers arrived for a meeting in St Petersburg, it confirmed that it would forgive about $700m in debts still owed to it by poor countries.Russia is not alone in demonstrating a newfound confidence with displays of generosity.
"The sanitation men are 'kings of the street," said Mr. Kim, who recently persuaded city officials to forgive about $1.5 million in fines for 150 merchants, but still knows of one store in Brighton Beach that was cited for 270 violations in just 11 months.
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Under the plan, lenders would have forgiven about 40percentt of what was owed by individual borrowers over five years.
The deal forgave about half of the $800 million Astra was due to repay by 2006, and stretched the repayment schedule for the rest out to 2009.
His previous novel, "The Forgiven," about a British couple who hit a young man with their car while travelling to a lavish party in the Moroccan desert, had the sinister grace of Paul Bowles.
Through the middle of 2013, JPMorgan forgave about $2.5 billion in first-lien homeowner debt, according to unaudited numbers reported by an independent settlement overseer.
I'm all about forgive but don't forget".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com