54.8  Accounts

The Contractor shall:

54.8.1  provide to the Authority on the 31 March, 30 June, 30 September and 31 December each year a document listing all information provided by it to the Senior Lenders during the preceding three Month period and, at the request of the Authority, provide to the Authority any information provided by it to the Senior Lenders during the term of the Contract105 and any other information relating to the Project that the Authority may reasonably require;

54.8.2  provide to the Authority copies of its annual report and accounts within twenty (20) Business Days of publication;

54.8.3  provide to the Authority a copy of the Financial Model at Financial Close and (as the same may be amended) within twenty (20) Business Days of any amendment thereto;

54.8.4  promptly upon the occurrence of a Financing Default106 notify the Authority of such Financing Default; and

54.8.5  use reasonable endeavours to assist the Authority in its preparation of any report required by the Defra or HM Treasury from time to time.

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105  This enables financial information such as audited accounts to be obtained. Alternatively, the precise financial information required can be listed.

106  This should be defined by reference to the borrower defaults under the Senior Financing Agreements (and applies whether or not the Senior Lenders choose to accelerate their loan). Please note that this obligation is additional to the obligations of the Agent under paragraph 11.4 of the Direct Agreement (see Section 31.5 of SoPC4).