Servicing of grants, loans and loan/grant combinations
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(a) Awardees must make payments on the loan as required in the note and Award Documents.
(b) Awardees must comply with all terms, conditions, affirmative covenants, and negative covenants contained in the Award Documents.
(c) The sale or lease of any portion of the Awardee's facilities must be approved in writing by RUS prior to initiating the sale or lease.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.