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Code · CFR · Title 22 — Foreign Relations · Part 232 — Republic of Tunisia Loan Guarantees Issued Under the Department of State, Foreign Operations, and Related Programs Appropriations Act, 2012, Div. I, Pub. L. 112-74—Standard Terms and Conditions · § 232.11

§ 232.11. Subrogation of USAID.

38 words·~1 min read·/us/cfr/t22/s§ 232.11·

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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.
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