Definitions and rules of construction.

CFR · 2024-01-01 · US · Title 7

(a) (1) In the case of telephone borrowers, the period commencing on February 12, 1990 and ending on March 12, 1990; (2) In the case of financially distressed borrowers, the period commencing October 1, 1990 and ending on July 30, 1993; or (3) In the case of other borrowers, the period to be announced by RUS. (1) A lender (i) which has a capital and surplus of at least $50 million; (ii) is a beneficiary of an irrevocable letter of credit, in form and substance satisfactory to the Administrator, payable to it in the amount of $50 million; (iii) is the beneficiary of a guarantee, in form and substance satisfactory to the Administrator, in the amount of $50 million from a lending institution with a capital and surplus of at least $50 million; or (iv) has other credit support, in form and substance satisfactory to the Administrator, in the amount of $50 million; or (2) In the event of a prepayment totalling less than $100 million, a lender (i) which has a capital and surplus of at least $10 million; (ii) is a beneficiary of an irrevocable letter of credit, in form and substance satisfactory to the Administrator, payable to it in the amount of $10 million; (iii) is the beneficiary of a guarantee, in form and substance satisfactory to the Administrator, in the amount of $10 million from a lending institution with a capital and surplus of at least $10 million; or (iv) has other credit support, in form and substance satisfactory to the Administrator, in the amount of $10 million; (1)

official document · source cfr-2024 · id 7:§ 1786.27