Whereas

(A)  The Authority and the Service Provider have agreed the terms on which the Service Provider will design, develop and construct and provide certain services in connection with the redevelopment of the Authority's facilities (the Development) at the Site (as that expression is defined in the Project Agreement) and, accordingly, have entered into the Project Agreement and the Project Documents.

(B)  [description of funding arrangements]

(C)  the Service Provider and the Construction Contractor have entered into a contract dated [♦] (the Construction Contract) for the carrying out and completion of Works defined in the Project Agreement (the Works, which expression shall include any additional works carried out by the Construction Contractor under the Construction Contract in connection with any modifications or variations made thereunder) in connection with the Project.

(D)  This Construction Contractor's Collateral Agreement (the Agreement) is one of the Authority Collateral Agreements contemplated by the Project Agreement.

It is agreed