Common use of No Payment of Interest Clause in Contracts

No Payment of Interest. The AUTHORITY shall not be liable for interest for any reason, whether as prejudgment interest or for any other purpose, and in furtherance thereof GENERAL COUNSEL waives, rejects, disclaims and surrenders any and all entitlement it has or may have to receive interest in connection with a dispute or claim based on or related to this Agreement.

Appears in 2 contracts

Sources: General Counsel Services Agreement, General Counsel Agreement