CFR›Title 22›Chapter II›Part 221›Subpart C ContainsSections 221.21–221.24CorpusDaily eCFRDisplayed edition2026-04-24Last updated2026-04-24 Subpart C—Procedure for Obtaining Compensation Sections 221.21 § 221.21 Event of Default; Application for Compensation; payment. 221.22 § 221.22 No acceleration of Eligible Notes. 221.23 § 221.23 Payment to A.I.D. of excess amounts received by a Noteholder. 221.24 § 221.24 Subrogation of A.I.D. Previous B Subpart B—The Guarantee Next D Subpart D—Covenants