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Title 22 Part 201 → Subpart I → §201.81

Title 22 → Chapter II → Part 201 → Subpart I → §201.81

Electronic Code of Federal Regulations e-CFR

Title 22 Part 201 → Subpart I → §201.81

e-CFR data is current as of April 2, 2020

Title 22Chapter IIPart 201Subpart I → §201.81


Title 22: Foreign Relations
PART 201—RULES AND PROCEDURES APPLICABLE TO COMMODITY TRANSACTIONS FINANCED BY USAID
Subpart I—Rights and Remedies of USAID, and Waiver Authority


§201.81   Rights of USAID against borrower/grantees.

If any transaction financed hereunder violates the requirements of this part or any U.S. statute or any rule or regulation of USAID promulgated under any such statute, USAID may require the borrower/grantee to refund the amounts USAID determines are attributable to such violation and may exercise any right of acceleration or termination contained in the implementing document. The borrower/grantee shall be deemed to have agreed to make such refund or accelerated payment promptly upon request by USAID and shall be deemed to have consented to any modification of the implementing document determined by USAID to be necessary to reflect any such refund or acceleration.