This Collateral Agreement

This Collateral Agreement is made on                                                            200♦

Between

(1)  [          ] (the Authority);

(2)  [          ]1 (the Senior Funder);

(3)  [          ] (the Construction Contractor); and

(4)  [          ] (the Service Provider).

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1  The standard form is drafted on the basis that the project is bank financed.  This template will need to be adapted if different funding arrangements are used.