(a) All personal and corporate guarantees must be in accordance with § 4279.149(a) of this chapter.
(b) Except for passive investors, unconditional personal and corporate guarantees for those owners with a beneficial interest at least 20 percent of the borrower will be required where legally permissible.
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§ 4280.142 Conditions precedent to issuance of loan note guarantee.
The provisions of § 4279.181 of this chapter apply except for § 4279.181(b). In addition, paragraphs (a) and (b) of this section must be met.
(a) The project has been performing at a steady state operating level in accordance with the technical requirements, plans, and specifications, conforms with applicable Federal, State, and local codes, and costs have not exceeded the amount approved by the lender and the Agency.
(b) Where applicable, the lender must provide to the Agency a copy of the executed Power Purchase Agreement.
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.