(a) (Payment): As between the State and Project Co, Project Co bears the risk of and must pay all Rates and Taxes incurred or imposed in connection with:
(i) the Project;
(ii) payments, income or net income received or receivable by any Group Member;
(iii) the execution, stamping and registration of any Project Document;
(iv) the performance of any Project Document and each transaction effected by or made under or in connection with any Project Document, including the Project Activities;
(v) any amendment to, or any consent, approval, waiver, release, surrender or discharge of or under any Project Document;
(vi) any transaction, assignment, transfer or other dealing by or in relation to a Group Member (including dealings in the shares or other interests in a Group Member), whether or not related to the Project or the Project Documents, including in connection with a Change in Control or Share Capital Dealing and any Refinancing; and
(vii) any Site,
except as provided in clause 61.1.
(b) (Indemnity): Project Co must indemnify the State against any Claim or Liability in connection with the Rates and Taxes which Project Co is required to pay under clause 61.2(a).