Skip to main content
 
CFR › Title 10 › Chapter II › Subchapter H › Part 609 › Section 609.16

10 CFR 609.16 - Perfection of liens and preservation of collateral.

There is 1 rule appearing in the Federal Register for 10 CFR 609. Select the tab below to view, or View eCFR (GPOAccess)
§ 609.16
Perfection of liens and preservation of collateral.
(a) The Loan Guarantee Agreement and other documents related thereto shall provide that:
(1) The Eligible Lender, or DOE in conjunction with the Federal Financing Bank where the loan is funded by the Federal Financing Bank, or other Holder or other agent or servicer will take those actions necessary or appropriate to perfect and maintain liens, as applicable, on assets which are pledged as collateral for the Guaranteed Obligation; and
(2) Upon default by the Borrower, the holder of pledged collateral shall take such actions as the Secretary (subject to any applicable Intercreditor Agreement) may reasonably require to provide for the care, preservation, protection, and maintenance of such collateral so as to enable the United States to achieve maximum recovery from the pledged assets. The Secretary shall reimburse the holder of collateral for reasonable and appropriate expenses incurred in taking actions required by the Secretary (unless otherwise provided in applicable agreements). Except as provided in § 609.15, no party may waive or relinquish, without the consent of the Secretary, any collateral securing the Guaranteed Obligation to which the United States would be subrogated upon payment under the Loan Guarantee Agreement.
(b) In the event of a default, the Secretary may enter into such contracts as the Secretary (subject to any applicable Intercreditor Agreement) determines are required or appropriate to care for, preserve, protect or maintain the collateral. The cost of such contracts may be charged to the Borrower.

Title 10 published on 2012-01-01

The following are only the Rules published in the Federal Register after the published date of Title 10.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2012-05-21; vol. 77 # 98 - Monday, May 21, 2012
    1. 77 FR 29853 - Loan Guarantees for Projects That Employ Innovative Technologies
      GPO FDSys XML | Text
      DEPARTMENT OF ENERGY, Loan Programs Office
      Final rule; technical amendment.
      This rule is effective May 21, 2012.
      10 CFR Part 609

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
U.S.C. : Title 42 - THE PUBLIC HEALTH AND WELFARE

§ 16511 - Definitions

§ 16512 - Terms and conditions

§ 16513 - Eligible projects

§ 16514 - Authorization of appropriations

Title 10 published on 2012-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 10 CFR 609 after this date.

  • 2012-05-21; vol. 77 # 98 - Monday, May 21, 2012
    1. 77 FR 29853 - Loan Guarantees for Projects That Employ Innovative Technologies
      GPO FDSys XML | Text
      DEPARTMENT OF ENERGY, Loan Programs Office
      Final rule; technical amendment.
      This rule is effective May 21, 2012.
      10 CFR Part 609