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"mi-default", "examples": ["If: two (2) MI Failures occur in any rolling six (6) Month period; two (2) consecutive MI Failures occur; or then a &quot;<strong>MI Default</strong>&quot; shall be deemed to have occurred.", "For the avoidance of doubt the Parties agree that: the Management Charge relating to an <strong>MI Default</strong> shall be payable as though it was the Management Charge due in accordance with the provisions of Clause 13 of this Framework Agreement; and any rights or remedies available to CCS under this Framework Agreement in respect of the payment of the Management Charge shall be available to CCS also in respect of the payment of the Management Charge relating to an <strong>MI Default</strong>.", "The Default Management Charge shall be the higher of the average Management Charge paid or payable by the Supplier in the previous six (6) Month period or, if the <strong>MI Default</strong> occurred within less than six (6) Months from the commencement date of the first Call-Off Contract, in the whole period preceding the date on which the <strong>MI Default</strong> occurred; or the sum of five hundred pounds (\u00a3500).", "If an <strong>MI Default</strong> occurs, CCS shall be entitled to invoice the Supplier this Management Charge (less any Management Charge which the Supplier has already paid to CCS in accordance with Clause 13 for any Months in which the Management Charge relating to an <strong>MI Default</strong> is payable) calculated in accordance with paragraph 6.3 above: in arrears for those Months in which an MI Failure occurred; and on an ongoing Monthly basis, until all and any MI Failures have been rectified to the reasonable satisfaction of CCS.", "If an <strong>MI Default</strong> occurs CCS 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 CCS and/or to terminate this Framework Agreement.", "If three (3) MI Failures occur in any rolling six (6) Month period then an &quot;<strong>MI Default</strong>&quot; shall be deemed to have occurred and CCS shall be entitled to: charge and the Supplier shall pay an additional default management charge (&quot;Default Management Charge&quot;) in respect of the Months in which the MI Failure occurred and subsequent months in which they continue, calculated in accordance with Paragraph 6.20; and/or End this Framework Agreement.", "If an <strong>MI Default</strong> 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 19.3, which the Supplier shall be required to pay to the Authority (&quot;Default Management Charge&quot;) and to terminate this Framework Agreement.", "If a <strong>MI Default</strong> occurs the Authority shall (without prejudice to any other rights or remedies available to it under this Framework Agreement) be entitled to terminate this Framework Agreement.", "<strong>MI Default</strong> An Supplier is deemed to be in <strong>MI Default</strong> if it either: has 2 consecutive MI Failures, or has 2 MI Failures in any rolling 6 Month period.", "If an <strong>MI Default</strong> occurs, the Authority shall be entitled to invoice the Supplier the Default Management Charge calculated in accordance with paragraph 36.3 above: in arrears for those Months in which an MI Failure occurred; and on an ongoing Monthly basis, until all and any MI Failures have been rectified to the reasonable satisfaction of the Authority."], "related": [["bank-default", "Bank Default", "Bank Default"], ["potential-default", "Potential Default", "Potential Default"], ["o-m-default", "O & M Default", "O &amp; M Default"], ["special-default", "Special Default", "Special Default"], ["incipient-default", "Incipient Default", 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