Descriptor Clause No. Applied Not used
Descriptor Clause No. Applied Not used PFI Clauses Definitions of types of Academies 1 yes Separate bank accounts 4.2A yes Sufficient capacity and expertise to manage finances 4.3A yes Provision of information relating to each PFI Academy 4.5B yes Master FA December 2020 (v5) page 4 LEGAL\49168130v1
Descriptor Clause No. Applied Not used Sharing of the Land We have amended the wording to remove the reference to providing security of tenure to another academy trust as the standard form academy lease does not provide for this. 4.K
Descriptor Clause No. Applied Not used Governance - Local Governing Body provision for former Voluntary Controlled schools. 0.XX X
Descriptor Clause No. Applied Not used Descriptor Clause No. Applied Not used
Descriptor Clause No. Applied Not used Xxxxxx amended to reflect that GAG calculation for all years is based on the pupil count at the Academy. 3E-F X Where “Academy Trust” is not referring to Enfield Learning Trust this should be lower case. We have removed the reference to the Academy Trust granting security of tenure as this is not applicable as this is leasehold land. 4J-4K X
Descriptor Clause No. Applied Not used Additional definitions included which only apply to academies which form part of a PFI arrangement 1C X Only applies to academies which form part of a PFI arrangement 1J X Only applies to academies which form part of a PFI arrangement 1K X Only applies to academies which form part of a PFI arrangement 3M-O 4B X Clause amended to include additional wording only applicable to academies which form part of a PFI arrangement X Only applies to academies which form part of a PFI arrangement 5B(f)-(I) 5Z-5LL X X Only applies to academies which form part of a PFI arrangement Amended clause to correct reference to "Academy Trust" which should be lower case as they are referring to other academy trusts (ie not Oasis Community Learning). Removed the reference to security of tenure as the Academy Trust has a leasehold interest in land and therefore this is not appropriate to include. 4J and K X
Descriptor Clause No. Applied Not used Clause amended to reflect the previous changes to the Master Funding Agreement 1A X Clause amended to reflect the transfer of operation of the Academy to the Academy Trust 1H X Drafting on security of tenure removed as this is not relevant as the Academy Trust does not have security of tenure over the land. 4K (security of tenure sentence) X Clause deleted to reflect that the deed of novation and variation will be executed rather than this Agreement which forms a schedule to the deed of novation and variation Execution X
Descriptor Clause No. Applied Not used Only applies to academies which form part of a PFI arrangement 1.L X Only applies to academies which form part of a PFI arrangement 1.M X Only applies to academies which form part of a PFI arrangement 3.M-3.O X Land clauses for both freehold and leasehold land applied to reflect land arrangements at the academy. Security of tenure wording removed from leasehold provisions as the DfE model lease contracts out of the right to security of 4 X Descriptor Clause No. Applied Not used tenure. Only applies to academies which form part of a PFI arrangement 5(f)-(l) X Only applies to academies which form part of a PFI arrangement 5AA-MM X
Descriptor Clause No. Applied Not used Additional interpretation clause to acknowledge that the Academy Trust has more than one master funding agreement. 1.6A X
