Common use of Noncompliance – Other Types Clause in Contracts

Noncompliance – Other Types. In the event that the Company otherwise fails to comply with the terms of the Agreement, the IEDC may determine that a default has occurred. The IEDC will provide notice of the default to the Company Contract Administrator and allow an opportunity for the Company to explain. Should the IEDC find that the explanation is not satisfactory, the IEDC may make an assessment requiring the Company to repay claimed incentives, interest and penalties (if any), or the IEDC may seek any other type of remedy.

Noncompliance – Other Types. In the event that the Company otherwise fails to comply with the terms of the Agreement, the IEDC may determine that a default has occurred. The IEDC will provide notice of the default to the Company Contract Administrator and allow an opportunity for the Company to explain. Should the IEDC find that the explanation is not satisfactory, the IEDC may make an assessment requiring the Company to repay claimed incentivesincentives under the Agreement, interest and penalties (if any), or the IEDC may seek any other type of remedy.

Noncompliance – Other Types. In the event that the Company otherwise fails to comply with the terms of the Agreement, the IEDC may determine that a default has occurred. The IEDC will provide notice of the default to the Company Contract Administrator and allow an opportunity for the Company to explain. Should the IEDC find f ind that the explanation is not satisfactory, the IEDC may make an assessment asses sment requiring the Company to repay claimed incentives, interest and penalties (if any), or the IEDC may seek any other type of remedy.

Noncompliance – Other Types. In the event that the Company otherwise fails to comply with the terms of the Agreement, the IEDC may determine that a default has occurred. The IEDC will provide notice of the default to the Company Contract Administrator and allow an opportunity for the Company to explain. Should the IEDC find that the explanation is not satisfactory, the IEDC may may, make an assessment requiring the Company to repay claimed incentives, interest and penalties (if any), or the IEDC may seek any other type of remedy, permitted by law, provided, however, such repayment of claimed incentives shall not exceed the Annual Cap.