Rates Act definition
Examples of Rates Act in a sentence
Interest at a rate of 2% per annum plus the rate for the time being fixed by section 2 of the Penalty Interest Rates Act 1983 is payable on any money owing under the contract during the period of default, without affecting any other rights of the offended party.
Interest at a rate of 2% per annum plus the rate for the time being fixed by section 2 of the Penalty Interest Rates Act 1983 is payable at settlement on any money owing under the contract during the period of default, without affecting any other rights of the offended party.
Where this Contract was terminated under Clause 17.4(f), the Department may require the Training Provider to refund such amount of the Funds paid at any time from the date of the relevant suspension, withdrawal, cancellation or cessation as the Department reasonably deems appropriate (together with interest calculated daily at the rate prescribed under the Penalty Interest Rates Act 1983 (Vic), for the period between the Department demanding the refund and the Training Provider refunding the Funds).
Interest will accrue daily at a rate of 4% in excess of the interest rate fixed from time to time pursuant to section 2 of the Penalty Interest Rates Act 1983 (Vic) from the due date until the amount is paid in full.
The rate of interest to be applied to each daily balance is 2% per annum above the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 (Vic).
If the Resident defaults in payment of any money due under this Contract, then interest at the rate being 2% higher than the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983 computed upon the money overdue during the period of default shall be paid by the Resident to the Owner without necessity for a demand and without prejudice to any other rights or remedies of the Owner.
Where this Contract was terminated under Clause 17.4(f), we may require you to refund such amount of the Funds paid at any time from the date of the relevant suspension, withdrawal, cancellation or cessation as we reasonably deem appropriate (together with interest calculated daily at the rate prescribed under the Penalty Interest Rates Act 1983 (Vic), for the period between us demanding the refund and you refunding the Funds).
If the Supplier fails to pay an amount payable by the due date, TCA may charge interest at the rate of interest prescribed from time to time under section 2 of the Penalty Interest Rates Act 1983 (Vic) on the unpaid amount accrued daily from the time it falls due until the amount has been paid in full and/or (in the case of outstanding Fees) cease issuing Certificates of Conformance under clause 5.1 until the outstanding Fees are paid in full.
Where any Insured is liable to indemnify the Insurer under this contract, that Insured will also pay interest on the amount outstanding to the Insurer from time to time calculated daily at the rate fixed under the Penalty Interest Rates Act 1983 (Vic).
The rate of interest is the rate for the time being fixed under section 2 of the Penalty Interest Rates Act 1983.