The definitions for the different entities will be determined on a project specific basis based on the Successful Respondent's corporate and financing structure. Respondents will be required to identify the entities comprising Project Co, the Project Entities and any Holding Entities in their Proposals. These entities will also be reflected in each Respondent's bid Ownership Schedule. The State will typically accept that some of these entities may not be incorporated until the Negotiation and Completion Phase of the Tender Process.