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Code of Federal Regulations Title 22. Foreign Relations § 22.238.11 Subrogation of USAID

Current as of October 02, 2022 | Updated by FindLaw Staff

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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Cite this article: FindLaw.com - Code of Federal Regulations Title 22. Foreign Relations § 22.238.11 Subrogation of USAID - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-22-foreign-relations/cfr-sect-22-238-11/

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