Late Payment Act definition

Late Payment Act means the Late Payment of Commercial Debts (Interest) Act 1998 and all statutory instruments implementing this act.
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Late Payment Act. The Late Payment of Commercial debts (Interest) Act 1998 as
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Late Payment Act means the Late Payment of Commercial Debts (Interest) Act 1998 and all statutory instruments implementing this act; "Order" means a purchase order for the Goods submitted by the Buyer in accordance with clause 2;
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Examples of Late Payment Act in a sentence

  • The parties expressly agree that the forgoing remedy constitutes a substantial remedy for late payments for the purpose of Section 9.1 of the Late Payment Act, as amended.

  • If the Customer fails to meet its payment obligations under this Framework Agreement, then the Laboratory will be entitled to interest in accordance with the provisions of the Danish Interest (Late Payment) Act.

  • The Supplier has the right to collect interest on any outstanding payment, should the Customer not have paid on time, in accordance with the Late Payment Act from December 17th, 1976, number 100.

  • It should be noted that section 5A of the Late Payment Act applies to suppliers only.

  • In the event of late payment by the Customer, where such payment is not subject to a good faith dispute, TPA shall, without prejudice to any other rights and remedies, be entitled to charge a late payment interest equal to the rate set out in the Belgian Late Payment Act (Wet van 2 augustus 2002 betreffende de bestrijding van de betalingsachterstand bij handelstransacties as amended from time to time).

  • The parties expresslyagree that the foregoing remedy constitutes a substantial remedy for late payments for the purpose of Section 9.1 of the Late Payment Act, as amended.

  • Section 141 of the LDEDCA addresses ―adjudication costs‖ whereas amended section 5A(2A) of Late Payment Act entitles a supplier to its reasonable costs of recovering a debt.

  • All MCC’s common indicators listed in the Compact’s ITT will be included in the DQR.

  • If the Customer fails to make payment within the payment period, Re- Match shall be entitled to apply default interest to the outstanding payment in accordance with the Danish Late Payment Act (Renteloven).

  • Where there are not any written terms of credit, the Late Payment Act allows interest to be charged at the Bank of England base rate plus 8% from the end of a 30 day period.


More Definitions of Late Payment Act

Late Payment Act means the Late Payment of Commercial Debts (Interest) Act 1998. Legislation means all laws, statutory instruments, regulations in force from time to time in the United Kingdom. Order means a Purchase Order form issued pursuant to these Conditions.
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Late Payment Act means the Late Payment of Commercial Debts (Interest) Act 1998 and all statutory instruments implementing this act. “Seller” means the Company, whose details are set out on the reverse and who is supplying the Goods;
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Late Payment Act means the Late Payment of Commercial Debts (Interest) Act 1998 and all statutory instruments implementing this act; "Seller" means Winkhaus (U.K.) Limited (whose registered office is at 2950 Kettering Parkway Kettering Northamptonshire NN15 6XZ) or any of its subsidiaries or subsidiary undertakings as defined by Companies Act 1985;
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Related to Late Payment Act

  • Delinquent act means (i) an act designated a crime under the law of the Commonwealth, or an

  • Violent act means behavior that resulted in homicide,

  • VAT Act means the Value Added Tax Act, No 89 of 1991, as may be amended from time to time.

  • IT Act means the Income Tax Act, 1961;

  • Waste code means the six digit code referable to a type of waste in accordance with the List of Wastes (England)Regulations 2005, or List of Wastes (Wales) Regulations 2005, as appropriate, and in relation to hazardous waste, includes the asterisk.

  • Public health emergency means an emergency with respect to COVID–19 declared by a Federal, State, or local authority.

  • Local Government Act means the Local Government Act, R.S.B.C. 2015, Chapter 1, together with all amendments thereto and replacements thereof;

  • ECT Act means the Electronic Communications and Transaction Act No 25 of 2002, as amended;

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • HITECH Act means the Health Information Technology for Economic and Clinical Health Act, TitleXIII, Subtitle D, Part 1 & 2 of the American Recovery and Reinvestment Act of 2009.

  • Contingent Emergency Response Part means any activity or activities to be carried out under Part 4 of the Project to respond to an Eligible Crisis or Emergency.

  • Dishonest or Fraudulent Act means any dishonest or fraudulent act, including “larceny and embezzlement” as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain financial benefit for the perpetrator or any other person (other than salaries, commissions, fees, bonuses, awards, profit sharing, pensions or other employee benefits). A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act.

  • Corrupt Act means any offence in respect of corruption or corrupt activities contemplated in the Prevention and Combating of Corrupt Activities Act No. 12 of 2004;

  • Social Security Act means the Social Security Act of 1965 as set forth in Title 42 of the United States Code, as amended, and any successor statute thereto, as interpreted by the rules and regulations issued thereunder, in each case as in effect from time to time. References to sections of the Social Security Act shall be construed to refer to any successor sections.

  • Disaster Management Act means the Disaster Management Act, 2002 (Act No.57 of 2002)

  • FILOT Act means Title 12, Chapter 44, of the Code, and all future acts successor or supplemental thereto or amendatory thereof.

  • TIF Act means Minnesota Statutes, Sections 469.174 through 469.1794, both inclusive.

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);

  • Act of 1997 means the Taxes Consolidation Act 1997;

  • USC means United States Code.

  • CAISO Penalties means any fees, liabilities, assessments, or similar charges assessed by the CAISO for (a) violation of the CAISO Tariff and all applicable protocols, WECC rules or CAISO operating instructions or orders or (b) as a result of Seller’s failure to follow Prudent Electrical Practices. “CAISO Penalties” do not include the costs and charges related to Scheduling and imbalances as addressed in Section 14.1 of this Agreement.

  • Budget Act means an act containing appropriations which form a portion of the state's annual budget.

  • Advanced emergency medical technician or “AEMT” means an individual who has successfully completed a course of study based on the United States Department of Transportation’s Advanced Emergency Medical Technician Instructional Guidelines (January 2009), has passed the psychomotor and cognitive examinations for the AEMT, and is currently certified by the department as an AEMT.

  • Medical emergency means a condition caused by an Injury or Sickness that manifests itself by symptoms of sufficient severity that a prudent layperson possessing an average knowledge of health and medicine would reasonably expect that failure to receive immediate medical attention would place the health of the person in serious jeopardy.

  • Explosives or munitions emergency response means all immediate response activities by an explosives and munitions emergency response specialist to control, mitigate, or eliminate the actual or potential threat encountered during an explosives or munitions emergency. An explosives or munitions emergency response may include in-place render-safe procedures, treatment or destruction of the explosives or munitions and/or transporting those items to another location to be rendered safe, treated, or destroyed. Any reasonable delay in the completion of an explosives or munitions emergency response caused by a necessary, unforeseen, or uncontrollable circumstance will not terminate the explosives or munitions emergency. Explosives and munitions emergency responses can occur on either public or private lands and are not limited to responses at RCRA facilities.

  • Privacy Act means the Privacy Act 1988 (Cth).