Source: http://ecfr.io/Title-22/pt22.1.241
Timestamp: 2020-04-07 09:45:18
Document Index: 362157716

Matched Legal Cases: ['art 241', 'art 241', 'art 241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241', '§241']

[22 CFR 241] Title 22 Part 241 : Code of Federal Regulations ';
Title 22 Part 241
Title 22 → Chapter II → Part 241
§241.1 Purpose.
§241.3 The Guarantee.
§241.4 Guarantee eligibility.
§241.5 Non-impairment of the Guarantee.
§241.6 Transferability of Guarantee; Note Register.
§241.7 Fiscal Agent obligations.
§241.8 Event of Default; Application for Compensation; payment.
§241.9 No acceleration of Eligible Notes.
§241.10 Payment to USAID of excess amounts received by a Noteholder.
§241.11 Subrogation of USAID.
§241.12 Prosecution of claims.
§241.13 Change in agreements.
§241.14 Arbitration.
§241.15 Notice.
§241.16 Governing law.
Source: 82 FR 2218, Jan. 9, 2017, unless otherwise noted.
Application for Compensation means an executed application in the form of Appendix A to this part which a Noteholder, or the Fiscal Agent on behalf of a Noteholder, files with USAID pursuant to §241.8.
Date of Application means the date on which an Application for Compensation is actually received by USAID pursuant to §241.15.
Defaulted Payment means, as of any date and in respect of any Eligible Note, any Interest Amount and/or Principal Amount not paid when due, regardless of the reason the Borrower fails to pay, including without limitation withholding taxes.
Eligible Note(s) means [a] Note[s] meeting the eligibility criteria set out in §241.4.
A Noteholder may assign, transfer or pledge an Eligible Note to any Person, provided that such transfer is permitted under applicable law and regulation, including, without limitation, the Office of Foreign Assets Control (OFAC) regulations. Any such assignment, transfer or pledge shall be effective on the date that the name of the new Noteholder is entered on the Note Register required to be maintained by the Fiscal Agent pursuant to the Fiscal Agency Agreement. USAID shall be entitled to treat the Persons in whose names the Eligible Notes are registered as the owners thereof for all purposes of this Guarantee and USAID shall not be affected by notice to the contrary.
To Whom It May Concern: You are hereby advised that payment of $____ (consisting of ____ of principal, ____ of interest and $____ in Further Guaranteed Payments, as defined in §241.2 of the Standard Terms and Conditions of the above-mentioned Guarantee) was due on ____, 20_, on $____ Principal Amount of Notes issued by the Republic of Iraq (the “Borrower”) held by the undersigned. Of such amount $____ was not received on such date and has not been received by the undersigned at the date hereof. In accordance with the terms and provisions of the above-mentioned Guarantee, the undersigned hereby applies, under §241.8 of said Guarantee, for payment of $____, representing $____, the Principal Amount of the presently outstanding Note(s) of the Borrower held by the undersigned that was due and payable on ____ and that remains unpaid, and $____, the Interest Amount on such Note(s) that was due and payable by the Borrower on ____ and that remains unpaid, and $____ in Further Guaranteed Payments,1 plus accrued and unpaid interest thereon from the date of default with respect to such payments to and including the date payment in full is made by you pursuant to said Guarantee, at the rate of __% per annum, being the rate for such interest accrual specified in such Note. Such payment is to be made at [state payment instructions of Noteholder or Fiscal Agent, as applicable].