disposition of the registered estate by the proprietor of the “No registered estate or by the proprietor of any registered charge, not being a charge registered before the entry of this restriction, is to be registered without a written consent signed by the proprietor for the time being of the charge dated [date of charge] in favour of The Secretary of State for Education referred to in the charges register or by its conveyancer”; take any further steps required to ensure that each Restriction is entered on the proprietorship register; promptly confirm to the Secretary of State when each Restriction has been registered; if it has not registered each Restriction, allow the Secretary of State to do so in its place; and not, without the Secretary of consent, apply to disapply, modify, State’s cancel or remove a Restriction, whether by itself, a holding company, a subsidiary company, or a receiver, administrator or liquidator acting in the name of the Academy Trust. Obligations of the Academy Trust The Academy Trust must not, without the Secretary of consent: State’s grant any consent or licence; or create or allow any encumbrance; or part with or share possession or occupation; or enter into any onerous or restrictive obligations, in respect of all or part of the Land. The Academy Trust must obtain the Secretary of consent before State’s taking any action, including the service of any notice or waiver of any condition, under any contract relating to the acquisition of the Land.
“No disposition of the registered estate by the proprietor of the registered estate or by the proprietor of any registered charge, not being a charge registered before the entry of this restriction, is to be registered without a written consent signed by the proprietor for the time being of the charge dated [date of charge] in favour of The Secretary of State for Education referred to in the charges register or by its conveyancer”; take any further steps required to ensure that each Restriction is entered on the proprietorship register; promptly confirm to the Secretary of State when each Restriction has been registered; if it has not registered each Restriction, allow the Secretary of State to do so in its place; and not, without the Secretary of State’s consent, apply to disapply, modify, cancel or remove a Restriction, whether by itself, a holding company, a subsidiary company, or a receiver, administrator or liquidator acting in the name of the Academy Trust. Obligations of the Academy Trust The Academy Trust must not, without the Secretary of State’s consent: grant any consent or licence; or create or allow any encumbrance; or part with or share possession or occupation; or enter into any onerous or restrictive obligations, in respect of all or part of the Land. The Academy Trust must obtain the Secretary of State’s consent before taking any action, including the service of any notice or waiver of any condition, under any contract relating to the acquisition of the Land.
Supplemental-Funding-Agreement-BVG.docx