Agreement of the Government of the Virgin Islands

Checkout our iOS App for a better way to browser and research.

The Government pledges to the Corporation and the holders of the bonds that the Government will not in any way impair the rights and remedies of the holders of the bonds, until the bonds and the interest thereon and the interest on any unpaid installments of interest and all costs and expenses in connection with any action or proceedings by or on behalf of the holders of the bonds are fully met and discharged. Without limiting the foregoing, the Government pledges to the Corporation and the holders of the bonds that the Government shall not enact any law permitting the Corporation to be a debtor under any bankruptcy or similar law until all obligations of the Corporation to the holders of the Bonds are fully met and discharged. The Corporation may recite these pledges of the Government in any agreement with the holders of the bonds.


Download our app to see the most-to-date content.