22 CFR § 231.07 - Fiscal Agent obligations.

---
identifier: "/us/cfr/t22/s231.07"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "22 CFR § 231.07 - Fiscal Agent obligations."
title_number: 22
title_name: "Foreign Relations"
section_number: "231.07"
section_name: "Fiscal Agent obligations."
chapter_name: "AGENCY FOR INTERNATIONAL DEVELOPMENT"
part_number: "231"
part_name: "ARAB REPUBLIC OF EGYPT LOAN GUARANTEES ISSUED UNDER THE EMERGENCY WARTIME SUPPLEMENTAL APPROPRIATIONS ACT OF 2003, PUBLIC LAW 108-11—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: "Emergency Wartime Supplemental Appropriations Act, 2003, Pub. L. 108-11, chapter 5, title I, “Economic Support Fund”, para. (2)."
regulatory_source: "70 FR 56102, Sept. 23, 2005, unless otherwise noted."
cfr_part: "231"
---


# 231.07 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 USAID 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.