§240.9. No acceleration of Eligible Notes.
22 C.F.R. § 240.9
Eligible Notes shall not be subject to acceleration, in whole or in part, by USAID, the Noteholder or any other party. USAID shall not have the right to pay any amounts in respect of the Eligible Notes other than in accordance with the original payment terms of such Eligible Notes.
Notes, amendments, and revision history
Authority
Authority: Section 7034(o)(1) of the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2016 (Div. K, Pub. L. 114-113).
Source
Source: 81 FR 65281, Sept. 22, 2016, unless otherwise noted.