2.1 The parties acknowledge that neither the Authority nor any of the PFI Schools should suffer, in connection with the Project Agreement, any adverse consequences arising out of the School's status as an academy rather than a school maintained by the Authority and that the aim of this Agreement is to avoid or, if that is not practicable, to mitigate any such effects. The parties agree that, in relation to schools other than the PFI Schools, clause 2.3 shall apply.
2.2 In particular, the parties acknowledge:
2.2.1 the statutory responsibility of the Authority to provide Educational Services;
2.2.2 that the Academy is obliged to pay the Academy Contribution to the Authority pursuant to the [Development and] School Agreement;
2.2.3 [that the Academy shall be granted the Lease in respect of the Site to enable it to run the School in accordance with the terms of the [Development and] School Agreement;]19 and
2.2.4 that the acts of Academy Related Parties shall become the responsibility of the Academy with effect from [the date of the [Development and] School Agreement][specify date].
2.3 Further, the DFE:
2.3.1 confirms that it shall maintain full revenue support to the Authority for the term of the Project Agreement in accordance with the terms of the Promissory Note; and
2.3.2 intends that schools other than the PFI Schools maintained by the Authority should not be adversely affected financially by the School's status as an academy rather than a school maintained by the Authority whether initially, on an on-going basis, or in the event of any future closure of the School.
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19 See footnote in relation to the definition of "Lease" above.