"Security bonds The D&C Contractor must provide a bond in favour of BrisConnections and the Security Trustee, initially amounting to approximately 7.5% of the D&C Contract Price (and reducing to 50% of that amount at Airport Link Opening). Leighton Holdings must provide bonds in favour of the State in the amount of $43.5 million (in satisfaction of BrisConnections’ obligation to do so under the Project Deed). All of those bonds are to be provided on or before Financial Close. Guarantee Leighton Holdings guarantees the performance of obligations of the D&C Contractor under the D&C Contract, and indemnifies against any damages, expenses or loss suffered by each member of BrisConnections or the Security Trustee"
