Late Payment Act definition
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.
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.
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.
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).
All MCC’s common indicators listed in the Compact’s ITT will be included in the DQR.
Interest will be charged on all overdue payments, corresponding to the maximum interest that at any time can be levied under the Norwegian Late Payment Act of 1976, currently 8,75 %.