2.  Add the following definitions as sub- clauses to clause 1 (in alphabetical order)

"DFE Principal Agreement" means a principal agreement entered into by the Secretary of State, the Company and the LA in connection with a PFI Academy;

"DFE Principal Agreement Warning Notice" means any warning notice given to the Company by the Secretary of State dealing with any of the matters listed in Article 61B;

["Development and School Agreement" means a development and school agreement entered into by the Company and the LA relating to the provision of facilities and services to a PFI Academy;1] ["School Agreement" means a school agreement entered into by the Company and the LA relating to the provision of facilities and services to a PFI Academy;2]

"Existing Directors" means any Director of the Company excluding Additional Directors;

"Master Funding Agreement" means the master funding agreement entered into by the Secretary of State and the Company in connection with the setting up and maintenance by the Company, and the funding by the Secretary of State, of Academies;

"Normal Payment Matters" has the meaning given to it in a DFE Principal Agreement;

"PFI Academy" means an academy which forms part of a scheme procured pursuant to the Government's Private Finance Initiative;

"Supplemental Funding Agreement" means an agreement entered into by the Secretary of State and the Company (supplemental to the Master Funding Agreement) pursuant to which the Company agrees to establish and maintain, and to carry on or provide for the carrying on of, and the Secretary of State agrees to fund, an Academy in accordance with the terms and conditions of that supplemental agreement and the Master Funding Agreement;




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1  For schools which are still in the works phase.

2  For schools which are built.