Interest Act definition

Interest Act means the Finnish Interest Act (korkolaki, 633/1982 as amended).
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Interest Act the Interest Act (Canada), as amended from time to time.
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Interest Act means the Interest Act, R.S.C. 1985, Chap. 1-15;
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Examples of Interest Act in a sentence

  • To the extent that they may be excluded, the Late Payment of Commercial Debts (Interest) Act 1998, and any orders or regulations pursuant thereto, shall not apply.

  • Interest will accrue in accordance with the Swedish Interest Act (SFS 1975:635).

  • ILLUMAR reserves the right, after notice, to charge the Licensee interest at 8% over the Bank of England’s base rate from time to time, but at 4% a year for any period when that base rate is below 0% on past due amounts that are not the subject of a bona fide dispute on a day-to-day basis from the due date pursuant to the Late Payment of Commercial Debts (Interest) Act 1998 as amended.

  • Specifically but without limitation, Section 2.5(e)(i) satisfies the requirements of Section 4 of the Interest Act (Canada) to the extent it applies to the expression or statement of any interest payable under any Loan Document, and each Borrower is able to calculate the yearly rate or percentage of interest payable under any Loan Document based upon the methodology set out in such Section 2.5(e)(i).

  • Each Loan Party hereby irrevocably agrees not to plead or assert, whether by way of defense or otherwise, in any proceeding relating to this Agreement and the other Loan Documents, that the interest payable under this Agreement and the calculation thereof has not been adequately disclosed to it, whether pursuant to section 4 of the Interest Act (Canada) or any other Applicable Law or legal principle.

  • The Financial Emergency Measure in the Public Interest Act 2009 (as amended) applies to public servants as defined in that Act and the Provider is required to comply with the Financial Emergency Measure in the Public Interest Act 2015 (please note Section 12 of this Act).

  • The Parties agree that this clause constitutes a substantial remedy for the purposes of the Late Payments of Commercial Debts (Interest) Act 1998.

  • This is without prejudice to Zoomo’s right to seek any late payment indemnity of £40 under the Late Payment of Commercial Debts (Interest) Act 1998, as amended and where applicable.

  • Interest shall be calculated in accordance with the Late Payments of Commercial Debts (Interest) Act 1998 and at the relevant reference rate plus the statutory rate of interest.

  • The interest payment will be at a rate equivalent to that set for the purposes of the Late Payment of Commercial Debts (Interest) Act 1998, calculated on a daily basis from the date of invoice until payment; such interest to be compounded on the first day of each calendar month and payable both before and after any judgment (unless the court orders otherwise).


More Definitions of Interest Act

Interest Act has the meaning given to that term in clause 4.4;
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Interest Act means the Canada Interest Act RSC, 1985 c. I-15;
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Interest Act means Interest Act (Canada) as amended from time to time.
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Interest Act means the Interest Act (Canada), as amended.
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Interest Act. For the purposes of the Interest Act (Canada), the annual rates of interest or fees to which the rates calculated in accordance with this Agreement are equivalent, are the rates so calculated, multiplied by the actual number of days in the calendar year in which such calculation is made and divided by 365.
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Related to Interest Act

  • Interest Accrual Period means the period beginning on (and including) the Interest Commencement Date and ending on (but excluding) the first Interest Period Date and each successive period beginning on (and including) an Interest Period Date and ending on (but excluding) the next succeeding Interest Period Date.

  • Interest Accrual Date means with respect to any Security, the date the Company accepts funds for the purchase of the Security if such funds are received by 3:00 p.m. (EDT) on a Business Day, or if such funds are not so received, on the next Business Day.

  • Taxable Rate means, with respect to a Taxable Period, the product of (i) the average interest rate on the Bonds during such period and (ii) 1.54.

  • Xxxx-Xxxxx Act means the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Xxxxx–Xxxxx Act For any federally assisted construction contract, in excess of two thousand dollars ($2,000), the contractor, subcontractor, subrecipient shall comply with all of the requirements of the Xxxxx-Xxxxx Act (40 U.S.C. 3141 – 3148) as supplemented by Department of Labor Regulations (29 CFR Part 5, “Labor Standards Provisions Applicable to Contracts Covering Federally Financed and assisted Construction”); and the Xxxxxxxx “Anti-Kickback” Act (40 U.S.C. 3145), as supplemented by Department of Labor regulations (29 CFR Part 3, “Contractors and Subcontractors on Public Building or Public Work Financed in Whole or in Part by Loans or Grants from the United States”). For a definition of “Construction” see 48 CFR 2.101.