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]
authority: Pub. L. 106-51, 113 Stat. 252 (
15 U.S.C. 1841 note); Pub. L. 106-102, 113 Stat. 1338
source: 64 FR 57933, Oct. 27, 1999, unless otherwise noted.
cite as: 13 CFR 400.215