Oregon Statutes 353.380 – Definitions for ORS 353.380 to 353.420
As used in ORS § 353.380 to 353.420:
Terms Used In Oregon Statutes 353.380
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Oregon Health and Science University: means the Oregon Health and Science University public corporation created under ORS § 353. See Oregon Statutes 353.010
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.
(1) ‘Credit enhancement agreement’ means any agreement or contractual relationship between the Oregon Health and Science University and any bank, trust company, insurance company, surety bonding company, pension fund or other financial institution providing additional credit on or security for a financing agreement or certificates of participation authorized by ORS § 353.380 to 353.420.
(2) ‘Financing agreement’ means a lease-purchase agreement, an installment sale agreement, a loan agreement, note agreement, short-term promissory notes, commercial papers, lines of credit or similar obligations or any other agreement to finance real or personal property that is or will be owned and operated by the university, or to refinance previously executed financing agreements.
(3) ‘Personal property’ means tangible personal property, software and fixtures.
(4) ‘Property rights’ means, with respect to personal property, the rights of a secured party under ORS Chapter 79, and, with respect to real property, the rights of a trustee or lender under a lease authorized by ORS § 353.410 (4).
(5) ‘Software’ means software and training and maintenance contracts related to the operation of computing equipment. [1995 c.162 § 17; 2001 c.445 § 174]