{"component": "definition", "props": {"groups": [{"samples": [{"hash": "hC6fgGjMtAA", "uri": "/contracts/hC6fgGjMtAA#statutory-interest", "label": "Terms and Conditions of Sale", "score": 24.8494186401, "published": true}, {"hash": "8XmKRGO4IMl", "uri": "/contracts/8XmKRGO4IMl#statutory-interest", "label": "Terms and Conditions of Sale", "score": 24.8494186401, "published": true}, {"hash": "6SNhi4XJTxX", "uri": "https://wildharvest.co.uk/media/xrwapsfe/terms-and-conditions-of-sale-fresh-direct-v2-july-2025-sysco-gb-002.pdf", "label": "wildharvest.co.uk", "score": 18.3826501444, "published": false}], "snippet": "means statutory interest as defined in the Late Payment of Commercial Debts (Interest) Act 1998 as amended & supplemented by the Late Payment of Commercial Debts Regulations 2002.", "size": 18, "snippet_links": [{"key": "payment-of", "type": "definition", "offset": [48, 58]}, {"key": "act-1998", "type": "clause", "offset": [87, 95]}, {"key": "as-amended", "type": "definition", "offset": [96, 106]}], "hash": "26894e80bdcb92c4e56671c9de14c2c4", "id": 1}, {"samples": [{"hash": "acOsw2sj5zR", "uri": "https://www.legislation.gov.uk/ukpga/1998/20/data.pdf?view=extent", "label": "www.legislation.gov.uk", "score": 19.1717720032, "published": false}, {"hash": "hjCVGugnN7C", "uri": "https://www.legislation.gov.uk/ukpga/1998/20/1998-06-11/data.pdf", "label": "www.legislation.gov.uk", "score": 19.0086479187, "published": false}, {"hash": "eTv4aUxZ05x", "uri": "https://www.legislation.gov.uk/ukpga/1998/20/2010-05-28/data.pdf", "label": "www.legislation.gov.uk", "score": 11.3696098328, "published": false}], "snippet": "means interest carried by virtue of the term implied by section 1(1); and", "size": 11, "snippet_links": [{"key": "the-term", "type": "definition", "offset": [36, 44]}], "hash": "c0ebf9d65079d8340bb449178ab8b013", "id": 2}, {"samples": [{"hash": "aqgRdB6R7wC", "uri": "https://www.europarl.europa.eu/meetdocs/2009_2014/documents/imco/am/810/810451/810451en.pdf", "label": "www.europarl.europa.eu", "score": 5.1492128372, "published": false}, {"hash": "adxiWTGeFci", "uri": "https://www.europarl.europa.eu/meetdocs/2009_2014/documents/juri/am/804/804155/804155en.pdf", "label": "www.europarl.europa.eu", "score": 5.094455719, "published": false}, {"hash": "bUsoYlxtHIJ", "uri": "https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2009:0126:FIN:en:PDF", "label": "eur-lex.europa.eu", "score": 5.0, "published": false}], "snippet": "means simple interest for late payment at a rate which is the sum of the reference rate, plus at least seven percentage points;", "size": 11, "snippet_links": [{"key": "interest-for-late-payment", "type": "clause", "offset": [13, 38]}, {"key": "sum-of", "type": "clause", "offset": [62, 68]}, {"key": "the-reference-rate", "type": "definition", "offset": [69, 87]}, {"key": "percentage-points", "type": "definition", "offset": [109, 126]}], "hash": "2073620b91490f50ae99bb6797f75a44", "id": 3}, {"samples": [{"hash": "3cGpbgiDAWJ", "uri": "https://cva.emeanortel.com/documents/information/cva-proposal-ireland-english.pdf", "label": "cva.emeanortel.com", "score": 8.6563997269, "published": false}, {"hash": "lvExRoW0huK", "uri": "https://cva.emeanortel.com/documents/information/cva-proposal-portugal-english.pdf", "label": "cva.emeanortel.com", "score": 8.6235456467, "published": false}, {"hash": "9tW9s4Dz5CJ", "uri": "https://cva.emeanortel.com/documents/information/cva-proposal-poland-english.pdf", "label": "cva.emeanortel.com", "score": 8.6235456467, "published": false}], "snippet": "means any interest payable to a CVA Creditor pursuant to any relevant statutory provision (including, without limitation, the Judgments Act 1838, the Insolvency Act or the Insolvency Rules);", "size": 9, "snippet_links": [{"key": "payable-to", "type": "definition", "offset": [19, 29]}, {"key": "cva-creditor", "type": "definition", "offset": [32, 44]}, {"key": "pursuant-to", "type": "definition", "offset": [45, 56]}, {"key": "statutory-provision", "type": "clause", "offset": [70, 89]}, {"key": "without-limitation", "type": "clause", "offset": [102, 120]}, {"key": "insolvency-act", "type": "clause", "offset": [150, 164]}, {"key": "insolvency-rules", "type": "definition", "offset": [172, 188]}], "hash": "a68a35ea3ffdceb6689eb28b2d8189a5", "id": 4}, {"samples": [{"hash": "j0n7Km8oH25", "uri": "https://www.wvhowe.co.uk/assets/Uploads/Education-Catering-2018.pdf", "label": "www.wvhowe.co.uk", "score": 8.697467804, "published": false}, {"hash": "bxf6eJvfYYR", "uri": "https://www.wvhowe.co.uk/assets/Uploads/Education-Catering-2022.pdf", "label": "www.wvhowe.co.uk", "score": 7.7460641861, "published": false}, {"hash": "h8xBSXWn2x0", "uri": "https://www.wvhowe.co.uk/assets/Uploads/Education-Catering-2020.pdf", "label": "www.wvhowe.co.uk", "score": 7.7460641861, "published": false}], "snippet": "means statutory interest as defined in the Late Payment of Commercial Debts (Interest) Act 1998", "size": 6, "snippet_links": [{"key": "payment-of", "type": "definition", "offset": [48, 58]}, {"key": "act-1998", "type": "clause", "offset": [87, 95]}], "hash": "87f6f1167b6ede29c185460b1d9d79b9", "id": 5}, {"samples": [{"hash": "dIYgDul4XvD", "uri": "https://www.gibraltarlaws.gov.gi/legislations/late-payment-of-commercial-debts-interest-act-2003-355/version/16-03-2013/download", "label": "www.gibraltarlaws.gov.gi", "score": 17.7771148682, "published": false}, {"hash": "tBeyrqRYff", "uri": "https://www.gibraltarlaws.gov.gi/legislations/late-payment-of-commercial-debts-interest-act-2003-355/version/05-06-2014/download", "label": "www.gibraltarlaws.gov.gi", "score": 17.6162891388, "published": false}, {"hash": "j56104utMAn", "uri": "https://www.gibraltarlaws.gov.gi/articles/2003-14o.pdf", "label": "International Agreements", "score": 12.1704311371, "published": false}], "snippet": "means simple interest for late payment at the rate of 8% above the base rate set by the Gibraltar Savings Bank for savings on the day the debt became due; if the base rate changes thereafter, the Reference Rate shall also change to remain 8% above the base rate; and", "size": 3, "snippet_links": [{"key": "interest-for-late-payment", "type": "clause", "offset": [13, 38]}, {"key": "rate-of", "type": "clause", "offset": [46, 53]}, {"key": "the-base-rate", "type": "definition", "offset": [63, 76]}, {"key": "savings-bank", "type": "clause", "offset": [98, 110]}, {"key": "the-day", "type": "definition", "offset": [126, 133]}, {"key": "the-debt", "type": "clause", "offset": [134, 142]}, {"key": "base-rate-changes", "type": "clause", "offset": [162, 179]}, {"key": "the-reference-rate", "type": "definition", "offset": [192, 210]}, {"key": "change-to", "type": "definition", "offset": [222, 231]}], "hash": "4e143f60ee4f258747eed2cd57751fa2", "id": 6}, {"samples": [{"hash": "4tg4hWmKoDs", "uri": "https://e-justice.europa.eu/printContentPdf.do?plang=en&idTaxonomy=404&idCountry=fi&action=printContentPdf&initExpCourtRes=1", "label": "e-justice.europa.eu", "score": 8.8603696823, "published": false}, {"hash": "6g5fNlNEjsI", "uri": "https://e-justice.europa.eu/printContentPdf.do?printPdfAll=1&plang=en&idTaxonomy=404&action=printContentPdf&initExpCourtRes=1&useContId=72043", "label": "e-justice.europa.eu", "score": 8.7782344818, "published": false}], "snippet": "in the Finnish legislation means both the interest rate that applies to an outstanding debt before the due date and penalty interest for late payments. Provisions on both types of statutory interest are laid down in the Interest Act (633/1982). 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the Late Payment of", "size": 1, "snippet_links": [{"key": "payment-of", "type": "definition", "offset": [48, 58]}], "hash": "3fc89f86d992a47d69759e19eaa31187", "id": 9}, {"samples": [{"hash": "aqgRdB6R7wC", "uri": "https://www.europarl.europa.eu/meetdocs/2009_2014/documents/imco/am/810/810451/810451en.pdf", "label": "www.europarl.europa.eu", "score": 5.1492128372, "published": false}], "snippet": "means simple interest for late payment at a rate which is", "size": 1, "snippet_links": [{"key": "interest-for-late-payment", "type": "clause", "offset": [13, 38]}], "hash": "40bbc7179b1d68c8aa56f1f59b34696a", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIbc3RhdHV0b3J5LWludGVyZXN0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Statutory Interest", "snippet": "means statutory interest as defined in the Late Payment of Commercial Debts (Interest) Act 1998 as amended & supplemented by the Late Payment of Commercial Debts Regulations 2002.", "size": 62, "id": "statutory-interest", "examples": ["Repayment must include <strong>Statutory Interest</strong> computed from the first day of the month following the overpayment.", "If the Total Loan Amount was not repaid after the termination of the Agreement, the Partner shall continue to pay the <strong>Statutory Interest</strong> to the Lender.", "<strong>Statutory Interest</strong> interest established pursuant to effective laws and regulations, the size whereof at the conclusion moment of the Agreement is 6% per annum, and which is calculated after the termination of the Agreement.", "The rate of interest shall be equal to the <strong>Statutory Interest</strong> Rate (&quot;Basiszinssatz&quot;) plus eight percent.", "The amount of the interest is equal to the <strong>statutory interest</strong> for non-commercial transactions (which may be found at \u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587, \u201cBesluit wettelijke rente\u201d (<strong>Statutory Interest</strong> Decree)) plus the maximum number of percentage points as contained in the Besluit kredietvergoeding (Lending Rate Decree) (article 4), which may also be found at \u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587.", "The Government\u2019s contribution to the property will be registered on title by way of a <strong>Statutory Interest</strong>.", "The amount of the interest is equal to the <strong>statutory interest</strong> for non-commercial transactions (which may be found at \u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587, \u201cBesluit wettelijke rente\u201d (<strong>Statutory Interest</strong> Decree)) plus the maximum number of percentage points as contained in the Besluit kredietvergoeding (Lending Rate Decree) (article 4.), which may also be found at \u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587.\u2587\u2587.", "The maximum reinsurance benefit payable by Munich Re to the Ceding Company under this Agreement is the risk amount specifically reinsured with Munich Re. Munich Re will also pay its proportionate share of the amount of interest dictated by state statute (&quot;<strong>Statutory Interest</strong>&quot;) that the Ceding Company pays on the death benefit proceeds unless payment was unreasonably delayed by the Ceding Company.", "The Government\u2019s contribution to the property will be registered by way of a <strong>Statutory Interest</strong> on the freehold title or (as the case may be) on the registered lease.", "If MARC discovers information that causes MARC to disagree with the Ceding Company\u2019s course of action with respect to a litigated claim, then MARC may opt out of the litigation, pay its full share of the reinsurance benefit plus its proportionate share of <strong>Statutory Interest</strong> and Litigation Expenses incurred as of the opt out date, and incur no further liability related to the claim including, but not limited to, any liability for any further Litigation Expenses."], "related": [["mandatory-income-interest", "Mandatory income interest", "Mandatory income interest"], ["intercompany-interest", "Intercompany Interest", "Intercompany Interest"], ["class-r-iv-interest", "Class R-IV Interest", "Class R-IV Interest"], ["lower-tier-interest", "Lower Tier Interest", "Lower Tier Interest"], ["subsidiary-remic-interest", "Subsidiary REMIC Interest", "Subsidiary REMIC Interest"]], "related_snippets": [], "updated": "2025-07-10T04:27:38+00:00"}, "json": true, "cursor": ""}}