3.  CUSTODY ARRANGEMENTS FOR THE BASE CASE122

3.1.  The Contractor shall no later than [ten (10) Business Days after the date of this Contract deliver two (2) electronic copies on CD-Rom in [Microsoft Excel 2000] of the Base Case to the Custodian and one (1) copy to the Authority (for the Authority to hold on its own behalf).

3.2.  The Contractor shall lodge with the Authority one (1) electronic copy on CD-Rom in [Microsoft Excel 2000] (or any media/software that replaces this) of each Base Case as may be revised from time to time pursuant to this Schedule 19 no later than ten (10) Business Days after any revisions have been effected and agreed with the Authority.

3.3.  Any amendments to the Base Case shall reflect, be consistent with and be made only in accordance with the provisions of this Contract.

3.4.  Either Party shall have the right to inspect and audit the Base Case at their own cost at all reasonable times.

3.5.  Save as expressly provided in this Contract, the costs of the custody arrangements with the Custodian shall be met by the Contractor.

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122  Authorities should ensure that all relevant models in the suite of models comprising the Base Case are included e.g. including waste flow models to the extent these are required for interpretation of the Financial Model (provided always that if waste flow models are included it is clear that the Authority is not warranting such waste flows).