Act of 2 August 2002 definition

Act of 2 August 2002 the Act of 2 August 2002 on payment delays in the payment of commercial transactions, as amended from time to time;
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Examples of Act of 2 August 2002 in a sentence

  • Pursuant to section 3.5.1(b) of the EB Operating Procedures, Euroclear Bank waives the statutory lien provided by section 31, §2 of the Act of 2 August 2002 with respect to all securities held by the EB Participant on behalf of clients, provided such securities are credited to a Securities Clearance Account separately and specifically identified in writing by the EB Participant as an account to which only client securities are credited.

  • Outstanding invoices that are due and payable will be increased, automatically and without notice of default, with late payment interest at the statutory rate as determined by the Belgian Act of 2 August 2002, until the debt is satisfied.

  • If Customer fails to pay on the due date, then Customer shall be obligated to pay, ipso jure and without prior notification, (i) interest for late payment according to the Belgian Act of 2 August 2002 on combating late payment in commercial transactions, unless otherwise agreed, and (ii) a fixed compensation amounting to 10% of the invoice amount as a damage provision without prejudice to any other rights of Seller caused by said payment failure.

  • The applied commercial interest – in accordance with the Act of 2 August 2002 on compensation for delay in payment in commercial transactions – is owed from the day after the expiration date of payment.

  • In addition, PwC will be entitled to a lump-sum indemnity of 15% of the outstanding amount, with a minimum of EUR 50.00, without prejudice to the application of section 6 paragraph 2 of the Belgian Act of 2 August 2002.

  • Pursuant to Section 3.5.1(b) of the EB Operating Procedures, Euroclear Bank waives the statutory lien provided by section 31, §2 of the Act of 2 August 2002 referred to in Section 12 above with respect to all securities held by the EB Participant on behalf of clients, provided such securities are credited to a Securities Clearance Account separately and specifically identified in writing by the EB Participant as an account to which only client securities are credited.

  • Notwithstanding their right to reimbursement of court costs in accordance with the Judicial Code, the Parties are then also entitled to the damages provided for in Article 6 of the Act of 2 August 2002.

  • Article 19Notwithstanding the above, when a Clearing Member provides LCH SA with Collateral the Collateral is submitted to a legal privilege consisting in a first rank preferred right in favour of LCH SA, as provided in Article 31 §2 of the Belgian Act of 2 August 2002 and Royal Decree of June 9th, 1995 relating to the realisation procedure.

  • If the Parties fail to pay all or some of the amounts covered by the invoices and credit notes within the period of thirty-three (33) days, interest for late payment will be charged on the sums due at a rate set in accordance to Article 5 of the Act of 2 August 2002.

  • In addition, PwC will be entitled to a lump-sum indemnity of 15% of the outstanding amount, with a minimum of EUR 50.00, without prejudice to the application of article 6 paragraph 2 of the Belgian Act of 2 August 2002.

Related to Act of 2 August 2002

  • Act of 2010 means the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010;

  • Act of 2002 means the Communications Regulation Act 2002 (No. 20 of 2002);

  • Act of 2014 means the Companies Act 2014;

  • Act of 2015 means the Children and Family Relationships Act 2015;

  • Act of 2007 means the Water Services Act 2007;

  • Act of 2003 means the Protection of Employees (Fixed-Term Work) Act 2003;

  • Act of 2001 means the Local Government Act 2001;

  • Act of 2004 means the Public Service Management (Recruitment and Appointments) Act 2004;

  • Act of 2006 means the Planning and Development (Strategic Infrastructure) Act 2006;

  • Act of 2005 means theSocial Welfare Consolidation Act 2005;

  • Act of 1999 means the Electricity Regulation Act 1999;

  • Act of 2000 means the Planning and Development Act 2000;

  • Act of 1997 means the Taxes Consolidation Act 1997;

  • Act of 1992 means the Environmental Protection Agency Act 1992 (No. 7 of 1992);

  • Act of 1994 means the Solicitors (Amendment) Act 1994 [No.27 of 1994];

  • Basel III Regulation means, with respect to any Affected Person, any rule, regulation or guideline applicable to such Affected Person and arising directly or indirectly from (a) any of the following documents prepared by the Basel Committee on Banking Supervision of the Bank of International Settlements: (i) Basel III: International Framework for Liquidity Risk Measurement, Standards and Monitoring (December 2010), (ii) Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems (June 2011), (iii) Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools (January 2013), or (iv) any document supplementing, clarifying or otherwise relating to any of the foregoing, or (b) any accord, treaty, statute, law, rule, regulation, guideline or pronouncement (whether or not having the force of law) of any governmental authority implementing, furthering or complementing any of the principles set forth in the foregoing documents of strengthening capital and liquidity, in each case as from time to time amended, restated, supplemented or otherwise modified. Without limiting the generality of the foregoing, “Basel III Regulation” shall include Part 6 of the European Union regulation 575/2013 on prudential requirements for credit institutions and investment firms (the “CRR”) and any law, regulation, standard, guideline, directive or other publication supplementing or otherwise modifying the CRR.

  • the 2010 Regulations means the Occupational and Personal Pension Schemes (Automatic Enrolment) Regulations 2010;

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • SEBI ICDR Regulations means Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended;

  • the 2012 Regulations means the Council Tax Reduction Schemes (Prescribed Requirements) (England) Regulations 2012;

  • the 2002 Regulations means the Traffic Signs Regulations and General Directions 2002;

  • the 2001 Regulations means the Water Supply (Water Quality) Regulations 2001[63];

  • the 2011 Act means the Localism Act 2011;

  • MARPOL 73/78 means the International Convention for the Prevention of Pollution from Ships (1973) as modified by the Protocol of 1978 relating thereto;

  • NP 46-201 means National Policy 46-201 – Escrow for Initial Public Offerings.

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.