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Financial- Prudential
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Last modified
9/19/2012 3:31:31 PM
Creation date
9/6/2011 5:00:26 PM
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Building
RecordID
10220
Title
Financial- Prudential
Company
Marion County
BLDG Date
8/21/1998
Building
Courthouse Square
BLDG Document Type
Finance
Project ID
CS9801 Courthouse Square Construction
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~ Prudential ~ Prudential Securities Incor orated <br />P <br />advisors; cost of printing and distributing the Preliminary and Final Official Statements; <br />expenses of publication, advertising and informational materials and meetings, fiscal agent, bond <br />trustee and registraz fees, as applicable and other similar issuance expenses. <br />7. Compensation - PSI will be compensated for its services, including its expenses, from the <br />proceeds of the COPs, or some other source, with payment contingent upon the successful sale <br />and delivery of the COPs. The actual fee will be a percentage of the aggregate principal amount <br />of the COPs (the "Fee"). Depending on the use of credit enhancement, the expected and <br />maximum fee would range from $5.90 to $6.68 per $1,000 par value of COPs. Of this amount, <br />compensation for a management fee shall be fixed at $0.40 per $1,000. <br />The parties will consider the purchase of bond insurance as a means of credit enhancement. <br />Such insurance will be purchased by Borrower if the parties mutually agree that such insurance <br />is beneficial based on a cost/benefit analysis. <br />8. Term of the Agreement - This Agreement will commence upon execution by both parties and <br />continue in full force and effect until the Project financing is complete or until the Bonower <br />formally abandons the Project, unless previously terminated by PSI, by providing written notice <br />to the Bonower of such termination 30 days in advance of its taking effect. <br />9. Indemnification - PSI shall defend, indemnify and hold the Borrower hazmless, and their <br />respective officers, agents and employees, from damages arising out of any untrue statements <br />made or omissions of material fact that make statements misleading in light of the circumstances <br />under which the statements are made provided by PSI specifically for inclusion in the <br />underwriting section of the disclosure documents. Borrower shall defend, indemnify and hold <br />harmless PSI, and their respective officers, agents and employees, from damages arising out <br />tortious acts, subject to the limitations and conditions of the Oregon Tort Claims Act, ORS <br />30.260 through 30.300, and the Oregon Constitution, Article XI, Section 10. With respect to <br />Borrower, tortious acts shall include untrue statements made or omissions of material fact that <br />make statements misleading in light of the circumstances under which the statements were made. <br />10. Notices - All notices provided for under this Agreement must be delivered personally or sent by <br />registered or certified mail, postage prepaid to the following: <br />To PSI: John C. Moore To Borrower: Mr. Billy Wasson <br />Managing Director Courthouse Square Coordinator <br />Prudential Securities Inc. Marion County <br />1201 Third Avenue, Suite 5350 4040 Aumsville Highway S.E. <br />Seattle, Washington 98101 Salem, Oregon 97301 <br />11. ModificaHon - T'his Agreement cannot be changed or modified except in writing, consented to <br />by both parties. <br />-3- <br />
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