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Code · STATUTE-COMPILATIONS · Chrysler Corporation Loan Guarantee Act of 1979 · Sec. 9

Sec. 9. terms and conditions of loan guarantees

104 words·~1 min read·/statute-compilations/comps-1339/sec-9

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## Sec. 9 terms and conditions of loan guarantees ###
(a)Loans guaranteed under this Act shall be payable in full not later than December 31, 1990, and the terms and conditions of such loans shall provide that they cannot be amended, or any provision waived, without the Board's consent. ###
(b)####
(1)Any commitment to issue guarantees entered into pursuant to this Act shall contain all the affirmative and negative covenants and other protective provisions that the Board determines are appropriate. The Board shall require security for the loans to be guaranteed under this Act at the time the commitment is made.
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