The Academy must comply with the Lease and promptly enforce its rights against the Landlord. The Academy Trust must not, without the Secretary of State’s consent: terminate, vary, surrender, dispose of or agree any revised rent under the Lease; or grant any consent or licence; or create or 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 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. If the Academy Trust is, or if it is reasonably foreseeable that it will be, in material breach of the Lease, the Academy Trust must immediately give written notice to the Secretary of State stating what the breach is and what action the Academy Trust has taken or proposes to take to remedy it, including timescales where appropriate. After notifying the Secretary of State under clause 4.G, the Academy Trust must: promptly give the Secretary of State all the information he asks for about the breach; allow the Secretary of State to take all necessary action, with or instead of the Academy Trust, to remedy or prevent the breach, and use its best endeavours to help the Secretary of State to remedy or prevent the breach.
The Academy must comply with the Lease and promptly enforce its rights against the Landlord. The Academy Trust must not, without the Secretary of State’s consent: terminate, vary, surrender, dispose of or agree any revised rent under the Lease; or grant any consent or licence; or create or 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 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. If the Academy Trust is, or if it is reasonably foreseeable that it will be, in material breach of the Lease, the Academy Trust must immediately give written notice to the Secretary of State stating what the breach is and what action the Academy Trust has taken or proposes to take to remedy it, including timescales where appropriate. After notifying the Secretary of State under clause 4.G, the Academy Trust must: promptly give the Secretary of State all the information he asks for about the breach; allow the Secretary of State to take all necessary action, with or instead of the Academy Trust, to remedy or prevent the breach, and use its best endeavours to help the Secretary of State to remedy or prevent the breach.
UTC_SS_Supp_V4__March18.docx