Common use of CHARITY Clause in Contracts

CHARITY. [The Property will as a result of this Lease be held by [Academy Trust] a non- exempt charity and the restrictions on dispositions imposed by section 117 to 121 of the Charities Act 2011 will apply to the Property (subject to section 117

CHARITY. [The Property will as a result of this Lease be held by [Academy Trust] an exempt charity] [The Property will as a non- result of this Lease be held by or in trust for [Academy Trust] a non-exempt charity and the restrictions on dispositions disposition imposed by section sections 117 to 121 of the Charities Act 2011 will apply to the Property (subject to section 117117 (3) of that Act)]

CHARITY. [The Property will as a result of this Lease be held by [Academy Trust] a non- non-exempt charity and the restrictions on dispositions imposed by section 117 to 121 36 of the Charities Act 2011 1993 will apply to the Property (subject to section 11736(9) of that Act).]