Examples of Debts in a sentence
In the event that the customer does not pay the amounts owed within credit terms NH may charge a statutory late payment fee under the Late Payment of Commercial Debts (Interest) Act 1998 in addition to charging interest at 2% above the interest rate in force at the time with Barclays Bank Plc or an equivalent banker of its choosing.
Debts and liabilities of the Partnership The Limited Partners shall have no personal obligation for the debts or liabilities of the Partnership, except as provided in this Agreement and in the Act.
The Owner reserves the right to charge the Hirer for the late payment of any outstanding invoices under the Late Payment of Commercial Debts (Interest) Act 1998, or any subsequent legislation.
PMLL reserves the right to charge interest on any late payment in accordance with the Late Payment of Commercial Debts (Interest) Act 1998.
We understand and will exercise our statutory right to claim interest and compensation for debt recovery costs under the late payment legislation [Late Payment of Commercial Debts (Interest) Act 1998] if we are not paid according to agreed credit terms.