Penalties/Interest/Attorney’s Fees. The IFA will in good faith perform its required obligations hereunder and does not agree to pay any penalties, liquidated damages, interest, or attorney’s fees, except as permitted by Indiana law, in part, IC § 5-17-5, IC § 34-54-8, IC § 34-13-1, and IC § 34-52-2-3. Notwithstanding the provisions contained in IC § 5-17-5, any liability resulting from the IFA’s failure to make prompt payment shall be based solely on the amount of funding originating from the IFA and shall not be based on funding from federal or other sources.
Appears in 6 contracts
Samples: Indiana Finance Authority, Indiana Finance Authority Professional/Personal Services Agreement, Personal Services Agreement
Penalties/Interest/Attorney’s Fees. The IFA will in good faith perform its required obligations hereunder and does not agree to pay any penalties, liquidated damages, interest, or attorney’s fees, except as permitted by Indiana law, in part, IC § 5-17-5, IC § 34-54-8, IC § 34-13-1, and IC § 34-52-2-3. Notwithstanding the provisions contained in IC § 5-17-5, any liability resulting from the IFA’s failure to make prompt payment shall be based solely on the amount of funding originating from the IFA State and shall not be based on funding from federal or other sources.
Appears in 3 contracts
Samples: Collection Services Contract, Collection Services Contract for Ohio River Bridges, Collection Services Contract
