Statutes, codes, and regulations
Code of Federal Regulations
Title 7 - AGRICULTURESubtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTUREChapter XLII - RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTUREPart 4290 - RURAL BUSINESS INVESTMENT COMPANY ("RBIC") PROGRAMSubpart J - FINANCIAL ASSISTANCE FOR RBICS (LEVERAGE)
MISCELLANEOUS
Section 4290.1720 - Characteristics of Agency's guarantee

7 C.F.R. § 4290.1720

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Current through September 30, 2024
Section 4290.1720 - Characteristics of Agency's guarantee

If the Agency agrees to guarantee a RBIC's Debentures, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or any other circumstances that might constitute a legal or equitable discharge or defense of a guarantor. Pursuant to its guarantee, the Agency will make timely payments of principal and interest on the Debentures.

7 C.F.R. §4290.1720