the Academy Trust. a) must, within 14 days after acquiring the Land or, if later, after signing this Agreement, apply to the Land Registry on Form AN1 (including a copy of this Agreement) for a notice of the Option (the “Option Notice”) to be entered in the register, taking any further steps required to have the Option Notice registered and promptly confirming to the Secretary of State when this has been done; b) if it has not registered the Option Notice, agrees that the Secretary of State may apply to register it using Form UN1; c) must not, without the Secretary of State’s consent, apply to disapply, modify or remove the Option Notice, whether by itself, a holding company, a subsidiary company, or a receiver, administrator or liquidator acting in the name of the Academy Trust, and d) must, in the case of previously unregistered land, within 14 days after acquiring the Land or, if later, after signing this Agreement, apply to register a Class C(iv) land charge in the Land Charges Registry, and send the Secretary of State a copy of the relevant entry within 7 days after the registration has been completed. If the Secretary of State considers that the Academy Trust has not complied with this clause, he may apply to secure the registration. 5.7. If the Academy Trust receives a Property Notice, it must: a) send a copy of it to the Secretary of State within 14 days, stating how the Academy Trust intends to respond to it; b) promptly give the Secretary of State all the information he asks for about it; c) allow the Secretary of State to take all necessary action, with or instead of the Academy Trust, to comply with it, and d) use its best endeavours to help the Secretary of State in connection with it.
Appears in 6 contracts
Samples: Single Funding Agreement, Funding Agreement, Funding Agreement
