§ 400.215. Supplemental Guarantees.
104 words·~1 min read·
/us/cfr/t13/s§ 400.215·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Board will allow the structure of a guaranteed loan to include one or more Supplemental Guarantees that cover the Unguaranteed Portion of the loan; provided that:
(a)There shall be no Supplemental Guarantee with respect to the Unguaranteed Portion required to be held by the Agent pursuant to § 400.210(c);
(b)The Loan Documents relating to any Supplemental Guarantee shall be acceptable in form and substance to the Board; and
(c)In approving the issuance of a Guarantee, the Board may impose any conditions with respect to Supplemental Guarantee(s) relating to the loan that it considers appropriate. \[66 FR 53080, Oct. 19, 2001\]