Characteristics of Agency's guarantee.

CFR · 2024-01-01 · US · Title 7

If the Agency agrees to guarantee a RBIC's Debentures, such guarantee will be unconditional, irrespective of the validity, regularity or enforceability of the Debentures or any other circumstances that might constitute a legal or equitable discharge or defense of a guarantor. Pursuant to its guarantee, the Agency will make timely payments of principal and interest on the Debentures.

official document · source cfr-2024 · id 7:§ 4290.1720