(a) (Establishment): The parties will establish a group consisting of the following members (together the Senior Representatives Group):
(i) a director of Project Co;
(ii) a senior representative of the Financiers;
(iii) prior to the expiry of the last defects liability period under the D&C Contract, a senior representative of the D&C Contractor (who must be a director of the D&C Contractor);
(iv) a senior representative of the Services Contractor (who must be a director of the Services Contractor);
(v) a senior representative of the Equity Investors (who must be a director of one of the Equity Investors);
(vi) the State Representative;
(vii) the Project Co Representative;
(viii) senior representatives from the State;
(ix) any other person the State nominates from time to time; and
(x) any other person the parties agree is appropriate.
[Note: Representatives will be determined on a Project specific basis.]
(b) (Functions): The functions of the Senior Representatives Group will be to:
(i) review the performance of the Project Activities;
(ii) review the Development Phase Reports and the Operational Phase Reports;
(iii) assist in the resolution of any matters referred to the Senior Representatives Group by a party, including any Dispute referred to it under clause 48.3(d); and
(iv) discuss and address such other matters as the members of the Senior Representatives Group may agree from time to time in connection with the Project.
(c) (Meetings): The Senior Representatives Group must meet:
(i) Quarterly during the Development Phase no earlier than 5 Business Days after the receipt of the Monthly Development Phase Progress Report for the last Month in the previous Quarter;
(ii) annually during the Operational Phase at the end of the third Quarter of each Operating Year; and
(iii) when otherwise called to meet on no less than 10 Business Days' notice by the State Representative or the Project Co Representative (or on such earlier notice as otherwise agreed by them or as is required under clause 48.3(d)),
and conduct its meetings in the manner agreed from time to time between the State Representative and the Project Co Representative.
(d) (Other attendees): The State may require that one or more representatives of the Independent Reviewer or any Interface Party attend a meeting of the Senior Representatives Group and Project Co agrees to those representatives attending the relevant meeting.