22 CFR § 221.15 - Fiscal Agent obligations.

---
identifier: "/us/cfr/t22/s221.15"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "22 CFR § 221.15 - Fiscal Agent obligations."
title_number: 22
title_name: "Foreign Relations"
section_number: "221.15"
section_name: "Fiscal Agent obligations."
chapter_name: "AGENCY FOR INTERNATIONAL DEVELOPMENT"
part_number: "221"
part_name: "ISRAEL LOAN GUARANTEE STANDARD TERMS AND CONDITIONS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "22 U.S.C. 2186."
regulatory_source: "58 FR 14148, Mar. 16, 1993, unless otherwise noted."
cfr_part: "221"
---


# 221.15 Fiscal Agent obligations.

Failure of the Fiscal Agent to perform any of its obligations pursuant to the Fiscal Agency Agreement shall not impair any Noteholder's rights under this Guarantee, but may be the subject of action for damages against the Fiscal Agent by A.I.D. as a result of such failure or neglect. A Noteholder may appoint the Fiscal Agent to make demand for payment on its behalf under this Guarantee.