Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 22 - Foreign Relations |
Chapter II - Agency for International Development |
Part 240 - Sovereign Loan Guarantee - Standard Terms and Conditions |
§ 240.11 - Subrogation of USAID.
Latest version.
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§ 240.11 Subrogation of USAID.
In the event of payment by USAID to a Noteholder under this Guarantee, USAID shall be subrogated to the extent of such payment to all of the rights of such Noteholder against the Borrower under the related Note.