Examples of Academy Trust in a sentence
The Academy Trust shall not borrow against or so as to put at risk property or asset s funded (whether in whole or in part) by the Secretary of State with out specific approval of the Secretary of State, su ch approval may only be granted in limited circumstances.
The Secretary of State's appointed Member (further to Article 12 c) shall become a Member upon the Secretary of State delivering, or posting (by registered post), to the Office of the Academy Trust a notice appointing a person as his Member.
The Academy Trust must not do anything to lessen the value or marketability of the Land without the Secretary of State’s consent.
H 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.
The Academy Trust shall not operate an overdraft except to cover irregularities in cash flow.