a) The Work Team shall confirm that all of the internal approvals required for signing the Privatization Contract have been met, including all the requirements for the Fourth File approval.
b) A closing protocol (which shall include prerequisites for effectiveness) shall be prepared jointly and submitted with the Privatization Contract
c) Once the Work Team, including the Negotiations Team, have updated the legal and other documentation for any changes required arising from the Fourth File approval process, a date and venue shall be set forthe signing of the documents, details of which shall be communicated to the bidder that has been awarded the project.
d) All parties shall sign the documents at the allocated time and venue.
e) Only upon full execution and satisfaction of all prerequisites in the Privatization contract shall the bid bond of the preferred bidder and any reserve bidders be released.