37.3  Refinancing documents

(a)  (Consent): Project Co must not execute or amend any document in connection with a Refinancing (including by amending, restating or replacing any Finance Document) without the State's consent (such consent not to be unreasonably withheld or delayed if the relevant document is on substantially the same terms as provided to the State under clause 37.2(a)(iii) and does not give rise to any grounds to withhold consent under clause 37.1(b)).

(b)  (Documents to be delivered to State): Project Co must, within 5 Business Days after the execution of any document in connection with a Refinancing (including by amending, restating or replacing any Finance Document), deliver to the State a certified true copy of that document.

(c)  (Execution of Refinancing documents): Project Co must not execute any Refinancing until any new Financiers have executed or agreed to be bound by a deed with the State substantially in the form of the Finance Direct Deed and any existing Financiers who will cease to be Financiers as a consequence of the Refinancing have executed any document reasonably requested by the State to terminate their rights in accordance with the then current Finance Direct Deed.