22 CFR · Foreign Relations
§ 240.8 — Event of Default; Application for Compensation; payment.
22 CFR § 240.8
TitleTitle 22: Foreign RelationsPartPart 240: Sovereign Loan Guarantee—Standard Terms and Conditions
SourceeCFR (current through Apr 10, 2026)
This text of 22 C.F.R. § 240.8 (Event of Default; Application for Compensation; payment.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
22 C.F.R. § 240.8 (2026).
Text
§ 240.8 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 the Guarantee Payment Date. 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 Applicat
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Nearby Sections
11
§ 240.3
The Guarantee.§ 240.4
Guarantee eligibility.§ 240.7
Fiscal Agent obligations.§ 240.11
Subrogation of USAID.§ 240.12
Prosecution of claims.§ 240.13
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Bluebook (online)
22 C.F.R. § 240.8, Counsel Stack Legal Research, https://law.counselstack.com/cfr/22/240/240.8.