Common use of Demands under the Performance Bond Clause in Contracts

Demands under the Performance Bond. Transnet shall be entitled to issue a demand notice to the bond provider under the Performance Bond for, and to apply all amounts obtained thereunder in or towards satisfaction of - 46.7.1. such loss as Transnet may have incurred or suffered or may be reasonably likely to incur or suffer as a result of the Concessionaire's failure to comply with any obligation under this Agreement, or any Concession Document; 46.7.2. such amount as the Concessionaire is responsible for indemnifying Transnet against, and/or holding harmless Transnet from, and/or pursuant to, any obligation under this Agreement or any Concession Document; 46.7.3. such amount as the Concessionaire has failed to pay to Transnet or a third party; 46.7.4. liquidated damages pursuant to clause 46.3; 46.7.5. such other damages to which Transnet is or may be reasonably likely to be entitled as a result of the Concessionaire's failure to comply with any obligation under this Agreement, or any Concession Document.