Prompt Payment Act definition

Prompt Payment Act means the United States Prompt Payment Act (31 U.S.C. 3901 et seq.), as now or hereafter amended, and any successor statute.
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Prompt Payment Act. All funds held by MD Xxxxxxxx are subject to the Texas Prompt Payment Act, Chapter 2251, Texas Government Code. Chapter 2251 of the Texas Government Code governs (i) when a payment by MD Xxxxxxxx is overdue, and (ii) the rate of interest that accrues on such overdue payments. EXHIBIT L RIDER 117; COMPLIANCE WITH INSTITUTIONAL POLICIES CSP Agreement 10/24/2014 (OFPC) - 23 - MDA ver 2014 10 22 ses RIDER 117 Institutional Policies In accordance with the education requirements set forth in Section 6032 of the Deficit Reduction Act of 2005 (Act), MD Xxxxxxxx has implemented, and Contractor agrees to abide by, the following policies, as may be subsequently amended, that are available at: xxxx://xxx.xxxxxxxxxx.xxx/about-us/doing-business/vendors- and-suppliers/index.html.
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Prompt Payment Act. All funds held by MD Xxxxxxxx are subject to the Texas Prompt Payment Act, Chapter 2251, Texas Government Code. Chapter 2251 of the Texas Government Code governs (i) when a payment by MD Xxxxxxxx is overdue, and (ii) the rate of interest that accrues on such overdue payments. EXHIBIT J
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Examples of Prompt Payment Act in a sentence

  • Invoices will be handled in accordance with the Prompt Payment Act (31 U.S.C. 3903) and Office of Management and Budget (OMB) prompt payment regulations at 5 CFR part 1315.

  • The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act.

  • Payment shall be made in accordance with Chapter 2251 of the Texas Government Code, commonly known as the Texas Prompt Payment Act.

  • The Government will make payment in accordance with the Prompt Payment Act (31 U.S.C. 3903) and prompt payment regulations at 5 CFR part 1315.

  • Payment shall be made in accordance with Florida Statute 218, Local Government Prompt Payment Act.

  • The Government will make payment in accordance with the Prompt Payment Act (31 U.S.C. 3903) and prompt payment regulations at 5 CFR Part 1315.

  • Further, the State of Kansas and its agencies do not agree to pay attorney fees, costs, or late payment charges beyond those available under the Kansas Prompt Payment Act (K.S.A. 75-6403), and no provision will be given effect that attempts to exclude, modify, disclaim or otherwise attempt to limit any damages available to the State of Kansas or its agencies at law, including but not limited to the implied warranties of merchantability and fitness for a particular purpose.

  • The acceleration of payments under this clause does not provide any new rights under the Prompt Payment Act.

  • Cash discounts and other payment terms included as part of the original agreement are not affected by the Prompt Payment Act.

  • Late payment charges shall not exceed the allowable rate specified by the Commonwealth of Virginia Prompt Payment Act.

Related to Prompt Payment Act

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

  • Violent act means behavior that resulted in homicide,

  • Clean air standards, as used in this clause, means:

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

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

  • 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 Regulations means the Privacy and Electronic Communications (EC Directive) Regulations 2003 as amended in 2004, 2011, 2015 and 2016 and as may be further amended from time to time;

  • 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.

  • Federal safety requirements means applicable provisions of 49 U.S.C. § 30101 et seq. and all

  • Occupational Health and Safety Act means the Occupational Health and Safety Act, 1993 (Act No 85 of 1993);

  • Liquidation Process Regulations means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 as amended from time to time;

  • Safety Requirements means Prudent Electrical Practices, CPUC General Order No. 167, Contractor Safety Program Requirements, and all applicable requirements of Law, PG&E, the Utility Distribution Company, the Transmission Provider, Governmental Approvals, the CAISO, CARB, NERC and WECC.

  • Loss Absorption Regulations means, at any time, the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments of the United Kingdom, the PRA, the United Kingdom resolution authority, the Financial Stability Board and/or of the European Parliament or of the Council of the European Union then in effect in the United Kingdom including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the PRA and/or the United Kingdom resolution authority from time to time (whether or not such regulations, requirements, guidelines, rules, standards or policies are applied generally or specifically to the Company or to the Regulatory Group).

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

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Environmental, Health, and Safety Requirements means all federal, state, local and foreign statutes, regulations, ordinances and other provisions having the force or effect of law, all judicial and administrative orders and determinations, all contractual obligations and all common law concerning public health and safety, worker health and safety, and pollution or protection of the environment, including without limitation all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or cleanup of any hazardous materials, substances or wastes, chemical substances or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, asbestos, polychlorinated biphenyls, noise or radiation, each as amended and as now or hereafter in effect.

  • FLSA means the French Language Services Act and the regulations made under it as it and they may be amended from time to time;

  • 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.

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

  • Environmental emergency means any situation that has caused or may cause serious harm to human health or damage to the environment, irrespective of whether the potential for harm or damage is immediate or delayed;

  • fraudulent practices which means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; and

  • Medical leave means leave of up to a total of 12 workweeks in a 12-month period because of an employee’s own serious health condition that makes the employee unable to work at all or unable to perform any one or more of the essential functions of the position of that employee. The term “essential functions” is defined in Government Code section 12926. “Medical leave” does not include leave taken for an employee’s pregnancy disability, as defined in (n) below, except as specified below in section 11093(c)(1).

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

  • Solvency II Regulation means Commission Delegated Regulation ((EU No. 2015/35).

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.