DEFAULT MANAGEMENT CHARGE. 6.1 If: 6.1.1 Two (2) MI Failures occur in any rolling six (6) Month period; 6.1.2 Two (2) consecutive MI Failures occur; then a "MI Default" shall be deemed to have occurred. 6.2 If an MI Default occurs the Authority shall (without prejudice to any other rights or remedies available to it under this Framework Agreement) be entitled to determine the level of Management Charge in accordance with paragraph 6.3, which the Supplier shall be required to pay to the Authority ("Default Management Charge") and/or to terminate this Framework Agreement. 6.3 The Default Management Charge shall be calculated as the higher of: 6.3.1 the average Management Charge paid or payable by the Supplier to the Authority based on any Management Information submitted in the six
Appears in 5 contracts
Sources: Vehicle Lease and Fleet Management Framework Agreement, Vehicle Lease and Fleet Management Framework Agreement, Vehicle Lease and Fleet Management Framework Agreement
DEFAULT MANAGEMENT CHARGE. 6.1 If:
6.1.1 Two (2) MI Failures occur in any rolling six (6) Month period;
6.1.2 Two (2) consecutive MI Failures occur; then a "MI Default" shall be deemed to have occurred.
6.2 If an MI Default occurs the Authority shall (without prejudice to any other rights or remedies available to it under this Framework Agreement) be entitled to determine the level of Management Charge in accordance with paragraph 6.3, which the Supplier shall be required to pay to the Authority ("Default Management Charge") and/or to terminate this Framework AgreementAgreement for material Default.
6.3 The Default Management Charge shall be calculated as the higher of:
6.3.1 the average Management Charge paid or payable by the Supplier to the Authority based on any Management Information submitted in the six
Appears in 1 contract
Sources: Network Services Framework Agreement
DEFAULT MANAGEMENT CHARGE. 6.1 If:
6.1.1 Two (2) MI Failures occur in any rolling six (6) Month period;
6.1.2 Two (2) consecutive MI Failures occur; then a "MI Default" shall be deemed to have occurred.
6.2 If an MI Default occurs the Authority shall (without prejudice to any other rights or remedies available to it under this Framework Agreement) be entitled to determine the level of Management Charge in accordance with paragraph 6.3, which the Supplier shall be required to pay to the Authority ("Default Management Charge") and/or to terminate this Framework Agreement.
6.3 The Default Management Charge shall be calculated as the higher of:
6.3.1 the average Management Charge paid or payable by the Supplier to the Authority based on any Management Information submitted in the sixperiod preceding the date on which the MI Default arose; or
6.3.2 the sum of five hundred pounds (£500).
Appears in 1 contract
Sources: Wider Public Sector Travel Management Services Framework Agreement
DEFAULT MANAGEMENT CHARGE. 6.1 If:
6.1.1 Two (2) MI Failures occur in any rolling six (6) Month period;
6.1.2 Two (2) consecutive MI Failures occur; then a "MI Default" shall be deemed to have occurred.
6.2 If an MI Default occurs the Authority shall (without prejudice to any other rights or remedies available to it under this Framework Agreement) be entitled to determine the level of Management Charge in accordance with paragraph 6.3, which the Supplier shall be required to pay to the Authority ("Default Management Charge") and/or to terminate this Framework Agreement.
6.3 The Default Management Charge shall be calculated as the higher of:
6.3.1 the average Management Charge paid or payable by the Supplier to the Authority based on any Management Information submitted in the six (6) Month period preceding the date on which the MI Default occurred or, if the MI Default occurred within less than six
Appears in 1 contract
Sources: Framework Agreement
DEFAULT MANAGEMENT CHARGE. 6.1 If:
6.1.1 Two (2) MI Failures occur in any rolling six (6) Month period;
6.1.2 Two (2) consecutive MI Failures occur; then a an "MI Default" shall be deemed to have occurred.
6.2 If an MI Default occurs the Authority shall (without prejudice to any other rights or remedies available to it under this Framework Agreement) be entitled to determine the level of Management Charge in accordance with paragraph 6.3, which the Supplier shall be required to pay to the Authority ("Default Management Charge") and/or to terminate this Framework Agreement.
6.3 The Default Management Charge shall be calculated as the higher of:
6.3.1 the average Management Charge paid or payable by the Supplier to the Authority based on any Management Information submitted in the six (6) Month period preceding the date on which the MI Default occurred or, if the MI Default occurred within less than six
Appears in 1 contract
Sources: Framework Agreement
DEFAULT MANAGEMENT CHARGE. 6.1 If:
6.1.1 Two 6.1. 1Two (2) MI Failures occur in any rolling six (6) Month period;; 6.
6.1.2 Two 1. 2Two (2) consecutive MI Failures occur; then a "MI Default" shall be deemed to have occurred.
6.2 If an MI Default occurs the Authority shall (without prejudice to any other rights or remedies available to it under this Framework Agreement) be entitled to determine the level of Management Charge in accordance with paragraph 6.3, which the Supplier shall be required to pay to the Authority ("Default Management Charge") and/or to terminate this Framework Agreement.
6.3 The Default Management Charge shall be calculated as the higher of:
6.3.1 the average Management Charge paid or payable by the Supplier to the Authority based on any Management Information submitted in the six
Appears in 1 contract
Sources: Framework Agreement