Title 22 Part 221 → Subpart B → §221.12

Title 22 → Chapter II → Part 221 → Subpart B → §221.12

Electronic Code of Federal Regulations e-CFR

Title 22 Part 221 → Subpart B → §221.12

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

Title 22Chapter IIPart 221Subpart B → §221.12

Title 22: Foreign Relations
Subpart B—The Guarantee

§221.12   Guarantee eligibility.

(a) Eligible Notes only may be guaranteed hereunder. Notes in order to achieve Eligible Note status must be signed on behalf of the Borrower, manually or in facsimile, by a duly authorized representative of the Borrower; and they must contain a guarantee legend incorporating these Standard Terms and Conditions signed on behalf of A.I.D. by either a manual signature or a facsimile signature of an authorized representative of A.I.D., together with a certificate of authentication manually executed by a Fiscal Agent whose appointment by the Borrower is consented to by A.I.D. in a Fiscal Agency Agreement (the “Fiscal Agent”).

(b) A.I.D. shall designate, in a certificate delivered to the Fiscal Agent, the Person(s) whose signature shall be binding on A.I.D. The certificate of authentication of the Fiscal Agent issued pursuant to the Fiscal Agency Agreement shall, when manually executed by the Fiscal Agent, be conclusive evidence binding on A.I.D. that a Note has been duly executed on behalf of the Borrower and delivered.