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Capital Area Housing Finance Corporation
Exhibit C
Indemnity Agreement
Board of Directors
Capital Area Housing Finance Corporation
________________________________________________________
(the “Applicant”) has filed or is concurrently
filing with Capital Area Housing Finance Corporation
(the “Corporation”) an Application for Loan in
accordance with the Corporation’s Rules for Loans in
Connection with Obtaining Tax Credits for Multifamily
Residential Rental Projects. For the purpose of
inducing the Corporation to accept, review and act upon
such Application for Loan and to make the loan therein
contemplated, the Applicant hereby agrees to indemnify
and hold harmless the Corporation, its officers,
directors, employees, agents, counsel and
representatives, from and against all costs, losses,
damages, expenses and liabilities of any kind arising
from or in connection with the Corporation’s acceptance,
review, approval or disapproval of such Application for
Loan, or the delivery of the loan therein contemplated,
or the design, acquisition, construction,
rehabilitation, installation, operation, use, occupancy,
maintenance or operation of the residential development
described in such Application for Loan.
The applicant
understands that the Corporation is under no obligation
to make the loan for any reason. It is expressly agreed
that the provisions of the Indemnity Agreement shall
survive any approval or disapproval of such Application
for Loan and the delivery of or failure to deliver any
such loan.
This Indemnity Agreement shall be
effective upon its execution by the applicant
this ____ day of ______________, ____, and its
acceptance by the Corporation as
indicated by its execution below.
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__________________________________
(Name of Applicant) |
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[Must be an entity with sufficient
financial resources
to fulfill the potential obligations
of this indemnity
agreement] |
By:_____________________________________
Name:_______________________________
Title:________________________________
Accepted this ____ day of ________, ____.
Capital Area
Housing Finance Corporation
By:
Name:
Title:
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