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Title 22 Part 221 → Subpart D

Title 22 → Chapter II → Part 221 → Subpart D

Electronic Code of Federal Regulations e-CFR

Title 22 Part 221 → Subpart D

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

Title 22Chapter IIPart 221 → Subpart D


Title 22: Foreign Relations
PART 221—ISRAEL LOAN GUARANTEE STANDARD TERMS AND CONDITIONS


Subpart D—Covenants


Contents
§221.31   Prosecution of claims.
§221.32   Change in agreements.

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§221.31   Prosecution of claims.

After payment by A.I.D. to an Applicant pursuant to §221.21, A.I.D. shall have exclusive power to prosecute all claims related to rights to receive payments under the Eligible Notes to which it is thereby subrogated. If a Noteholder continues to have an interest in the outstanding Eligible Notes, such a Noteholder and A.I.D. shall consult with each other with respect to their respective interests in such Eligible Notes and the manner of and responsibility for prosecuting claims.

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§221.32   Change in agreements.

No Noteholder will consent to any change or waiver of any provision of any document contemplated by this Guarantee without the prior written consent of A.I.D.

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