22 CFR 221.15 - Fiscal Agent obligations.

Regulations last checked for updates: Nov 25, 2024

Title 22 - Foreign Relations last revised: Oct 28, 2024

View all text of Subpart B [§ 221.11 - § 221.15]

§ 221.15 - Fiscal Agent obligations.

Failure of the Fiscal Agent to perform any of its obligations pursuant to the Fiscal Agency Agreement shall not impair any Noteholder's rights under this Guarantee, but may be the subject of action for damages against the Fiscal Agent by A.I.D. as a result of such failure or neglect. A Noteholder may appoint the Fiscal Agent to make demand for payment on its behalf under this Guarantee.

authority: 22 U.S.C. 2186.

source: 58 FR 14148, Mar. 16, 1993, unless otherwise noted.

cite as: 22 CFR 221.15