OAR 172-005-0030
Preliminary Agreement

Immediately following approval of an application by the Authority and the Treasurer, the Executive Director, acting for and on behalf of the Authority, and the participating institution filing such application shall execute and deliver a preliminary agreement described in OAR 172-005-0020 (Consideration of Application by the Authority)(3) that shall contain appropriate provisions, terms and conditions concerning the requested financing, including the agreement of the participating institution to pay costs related to the proposed financing, whether or not the financing is closed, and the undertaking of the participating institution to indemnify and hold harmless the State of Oregon, the Authority, and their respective officials, members, officers, staff and employees from and against any and all claims, losses or damages, howsoever arising, incurred in connection with the proposed project or the financing thereof, regardless of whether or not the financing proceeds.

Source: Rule 172-005-0030 — Preliminary Agreement, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=172-005-0030.

Last Updated

Jun. 8, 2021

Rule 172-005-0030’s source at or​.us