Common use of Borrowing Clause in Contracts

Borrowing. Except as permitted in the Academies Financial Handbook, the Academy Trust must not borrow against Publicly Funded Assets, or so as to put Publicly Funded Assets at risk, without the Secretary of State’s consent.

Appears in 69 contracts

Samples: Single Funding Agreement, Single Funding Agreement, Funding Agreement

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Borrowing. Except as permitted in the Academies Financial Handbook, the Academy Trust must not borrow against Publicly Funded Assets, or so as to put Publicly Funded Assets at risk, without the Secretary of State’s 's consent.

Appears in 2 contracts

Samples: Deed of Variation of Funding Agreement, Master Funding Agreement

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Borrowing. Except as permitted in the Academies Financial Handbook, the Academy Trust must not borrow against Publicly Funded Assets, or so as to put Publicly Funded Assets at risk, without the Secretary of State’s consent.the

Appears in 1 contract

Samples: Single Funding Agreement

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