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 [description of 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 financing arrangements].

(C)  [Description of documents entered into by the Service Provider as security for its obligations.]

(D)  The FM Contractor and the Service Provider have entered into an agreement of even date herewith relating to the provision of certain of the Services (as defined in the Project Agreement) by the FM Contractor to enable the Service Provider to discharge its obligations to the Authority regarding such Services under the Project Agreement and the Project Documents (the [FM Contract]).

(E)  This FM Contractor's Collateral Agreement (the Agreement) is one of the FM Contractors' Collateral Agreements contemplated by the Project Agreement.

Now it is hereby agreed as follows: