Title 22 Part 221 → Subpart B → §221.11

Title 22 → Chapter II → Part 221 → Subpart B → §221.11

Electronic Code of Federal Regulations e-CFR

Title 22 Part 221 → Subpart B → §221.11

e-CFR data is current as of May 28, 2020

Title 22Chapter IIPart 221Subpart B → §221.11

Title 22: Foreign Relations
Subpart B—The Guarantee

§221.11   The Guarantee.

Subject to these terms and conditions, the United States of America, acting through A.I.D., agrees to pay to, or upon the instructions of, any Noteholder on each Guarantee Payment Date compensation in Dollars equal to such Noteholder's Loss of Investment under its Eligible Note; provided, however, that no such payment shall be made to any Noteholder, for any such loss arising out of fraud or misrepresentation for which such Noteholder is responsible or of which it had knowledge at the time it became such Noteholder.

This Guarantee shall apply to each Eligible Note registered on the Note Register required to be maintained by the Fiscal Agent.