THE ASSETS AND THE CONTRACTS. 10.1 On the Transfer Date the Company will transfer such right and title as they have to the Assets (subject to any Encumbrance to which such Assets are subject and to any Third Party Consent), to the Multi-Academy Trust for nil consideration.
THE ASSETS AND THE CONTRACTS. 9.1 On the Transfer Date the Council and/or the Governing Body (as applicable) will transfer (or to the extent that it is not the owner thereof shall procure the transfer of) the legal and beneficial interest in the Assets, free of charge and free from any Encumbrance, to the Company, save for any Encumbrance which has been fully and accurately disclosed to the Company prior to the Transfer Date.
THE ASSETS AND THE CONTRACTS. 9.1 On the Transfer Date the Council and/or the Governing Body (as applicable) will transfer such right and title as they have to the Assets (subject to any Encumbrance to which such Assets are subject and to any Third Party Consent), to the Company free of charge.
THE ASSETS AND THE CONTRACTS. 9.1 The Transferor assigns to the Transferee or will procure the assignment to the Transferee of all Contracts which are capable of assignment without the consent of another party on by an agreement of novation, with effect from the Transfer Date.
