(a) (Designated Investor percentage): Notwithstanding this clause 52 including Project Co's rights under clause 52.6, until the second anniversary of the Date of Final Acceptance, Project Co must ensure that each Designated Investor continues to hold at least the percentage set out in the Ownership Schedule of the total issued securities in:
(i) the Holding Entity directly owned by the Designated Investor; and
(ii) Project Co indirectly (through its holding of issued securities in the Holding Entity directly owned by the Designated Investor).
(b) (State consent): The State may give or withhold its consent to a Share Capital Dealing which decreases the holding of any Designated Investor in:
(i) the relevant Holding Entity (directly); or
(ii) Project Co (indirectly),
prior to the second anniversary of the Date of Final Acceptance.