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Title 22 Part 240 → §240.3

Title 22 → Chapter II → Part 240 → §240.3

Electronic Code of Federal Regulations e-CFR

Title 22 Part 240 → §240.3

e-CFR data is current as of November 18, 2019

Title 22Chapter IIPart 240 → §240.3


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


§240.3   The Guarantee.

Subject to the terms and conditions set out in this part, the United States of America, acting through USAID, guarantees to Noteholders the Borrower's repayment of 100% of principal and interest due on Eligible Notes. Under this Guarantee, USAID agrees to pay to any Noteholder 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.


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