; (ii) 3 percent for a covered amount of more than $350,000 and less than $2,000,000; and (iii) 1 percent for a covered amount of not less than $2,000,000. (B) Exception in cases of loss If the borrower defaults on 90 percent or more of the amount drawn down, the financial institution shall repay any reimbursement amount paid pursuant to subparagraph (A). (C) Covered amount defined In this paragraph, with respect to a preferred equity instrument, the term covered amount means the full amount made available to the borrower at the time the instrument is purchased, regardless of whether the borrower has drawn down the entire amount. (e) Protection of Government interests With respect to a borrower who issues a preferred equity instrument, the purchase of which is guaranteed under this section, until such time as the instrument is redeemed, the parent company of the borrower may not remove value from the borrower, including— (1) by paying any dividend; (2) with respect to any affiliated property of the borrower for which there is a manager, if the manager and the borrower are related, by increasing any fee paid to the manager compared to the amount of such fee before such instrument is purchased; (3) with respect to an affiliate of the owner property, by procuring the performance of services or selling goods that are not ordinary, necessary, and at market rates