5.1 The Academy Trust must: a) within 28 days of the signing of this Agreement in circumstances where the Land is demised to the Academy Trust prior to the date of this Agreement, or otherwise within 28 days of the demise of the Land to the Academy Trust, apply to the Land Registry using Form RX1 for the following restriction (the to be entered in the “Restriction”) proprietorship register for 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 Secretary of State for Education of Sanctuary Buildings, Great Smith Street, London SW1P 3BT; b) take any further required to ensure that the Restriction is entered on the proprietorship register of the Academy Trust’s title; c) promptly confirm to the Secretary of State when the Restriction has been registered; d) if it has not registered the Restriction, allow the Secretary of State to do so in its place; and e) not, without the Secretary of State’s consent, apply to disapply, modify, cancel or remove the 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 5.2 The Academy Trust must comply with the Lease. The Academy Trust must not, without the Secretary of State’s consent: a) grant any consent or licence; or
5.1 The Academy Trust must: a) within 28 days of the signing of this Agreement in circumstances where the Land is demised to the Academy Trust prior to the date of this Agreement, or otherwise within 28 days of the demise of the Land to the Academy Trust, apply to the Land Registry using Form RX1 for the following restriction (the “Restriction”) to be entered in the proprietorship register for 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 Secretary of State for Education of Sanctuary Buildings, Great Smith Street, London SW1P 3BT; b) take any further required to ensure that the Restriction is entered on the proprietorship register of the Academy Trust’s title; c) promptly confirm to the Secretary of State when the Restriction has been registered; d) if it has not registered the Restriction, allow the Secretary of State to do so in its place; and e) not, without the Secretary of State’s consent, apply to disapply, modify, cancel or remove the 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 5.2 The Academy Trust must comply with the Lease. The Academy Trust must not, without the Secretary of State’s consent: a) grant any consent or licence; or
UTC-SS_single_V4_March18.docx