Role of Project Director. Responsibility for coordinating Phase I Activities shall rest primarily with the Project Director, who shall be the Company's individual representative authorized and empowered to act for and on behalf of the Company on matters relating to the development of the Project (the "Project Director"), in compliance with the Development Plan. The Project Director shall be subject to and shall follow the overall direction of the Management Committee. In the event of an inconsistency between the directives of the Management Committee and the Project Management Company or any other Person (other than a Governmental Authority), the Project Director shall follow the Management Committee's directives. The prior authorization of the Management Committee shall be required before the Project Director may make any commitments or take on any liabilities or obligations that are binding on the Company. Without limiting the general nature of his or her accountability to the Company, and subject to the other provisions of this Section 5.3, the Project Director shall (a) lead in planning and conducting negotiations with the counterparties to any Project Agreement as to which neither Member has responsibility under Section 5.4, (b) co-ordinate all activities for which each Member has responsibilities under Section 5.4, (c) establish formal lines of communications with the Management Committee to coordinate his or her activities and keep the Management Committee and the Members informed on a timely basis of matters relating to the Project, and (d) carry out any other function in relation to the Project delegated to or required of him or her by the Management Committee.
