22 C.F.R. · Foreign Relations
22 C.F.R. § 230.08

Event of Default; Application for Compensation; payment.

Title 22 C.F.R. ● ACTIVE Primary Source
Regulatory Text

22 C.F.R. § 230.08 — Event of Default; Application for Compensation; payment.

§ 230.08 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 three (3) Business Days after the Date of Application. 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.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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22 C.F.R. § 230.08
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The regulatory text of 22 C.F.R. § 230.08 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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