§ 238.11 - Subrogation of USAID.

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- 2015-15435. Final rule. 2015-15435. Hashemite Kingdom of Jordan Loan Guarantees Issued Under the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2015-Standard Terms and Conditions

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§ 238.11 Subrogation of USAID.

In the event of payment by USAID to a Noteholder under the 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.

                    
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§ 238.11 - Subrogation of USAID.

§ 238.11 Subrogation of USAID.