7 C.F.R. § 4290.1720

Current through May 31, 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