53.6  Auditing the Financial Model

(a)  (Model auditors): The State may at any time appoint a model auditor to audit the Financial Model and:

(i)  Project Co must provide all reasonable assistance to the model auditor;

(ii)  the results of the audit must be disclosed to both the State and Project Co; and

(iii)  to the extent any ambiguity, discrepancy, inconsistency, conflict, error or omission is revealed in the audit by the State, Project Co must promptly correct the Financial Model accordingly.

(b)  (Costs): If an audit by the State results in a correction to the Financial Model, Project Co must pay the reasonable costs of the State in conducting the audit, but, if not, the State must bear the costs of the audit.