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Title 22 Part 240 → §240.8

Title 22 → Chapter II → Part 240 → §240.8

Electronic Code of Federal Regulations e-CFR

Title 22 Part 240 → §240.8

e-CFR data is current as of October 21, 2019

Title 22Chapter IIPart 240 → §240.8


Title 22: Foreign Relations
PART 240—SOVEREIGN LOAN GUARANTEE—STANDARD TERMS AND CONDITIONS


§240.8   Event of Default; Application for Compensation; payment.

At any time after an Event of Default, as this term is defined in an Eligible Note, any Noteholder hereunder, or the Fiscal Agent on behalf of a Noteholder hereunder, may file with USAID an Application for Compensation in the form provided in appendix A to this part. USAID shall pay or cause to be paid to any such Applicant any compensation specified in such Application for Compensation that is due to the Applicant pursuant to the Guarantee as a Loss of Investment not later than the Guarantee Payment Date. In the event that USAID receives any other notice of an Event of Default, USAID may pay any compensation that is due to any Noteholder pursuant to a Guarantee, whether or not such Noteholder has filed with USAID an Application for Compensation in respect of such amount.


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