General

6.  In any Financial Year where the School operated by the Academy is open for less than 12 months the value of the Academy Affordability Gap will be reduced commensurately.

7.  The amounts payable under this schedule shall only be payable from the date of this Agreement.

8.  The Authority shall act reasonably when undertaking calculations of the Affordability Gap and the Academy Affordability Gap, and shall on request provide in good faith all relevant information in its possession to the DFE necessary to calculate the DSG for the relevant Financial Year [which, for the avoidance of doubt, shall include:

8.1  the projected Unitary Charge;

8.2  details of the Affordability Gap [and how it is proposed to be apportioned to the School, if applicable];

8.3  the details of any sums received pursuant to the Promissory Note; and

8.4  the projected allocation of the DSG for each school which is the subject of the Project Agreement].

9.  DFE shall provide at least one (1) months written notice to the Authority of the proposed date of grant of the DSG and shall provide to the Authority any information reasonably required by the Authority in connection with the DSG.

10.  In this schedule, "Financial Year" means a period of 12 months commencing on 1 April provided that the first Financial Year shall be the period commencing on the date of opening of the School operated by the Academy and ending on the immediately following 31 March.