22 CFR § 231.11 Arab Republic of Egypt Loan Guarantees Issued Under the Emergency Wartime Supplemental Appropriations Act of 2003, Public Law 108-11—Standard Terms and Conditions

§ 231.11 Subrogation of USAID.

Current through Oct 13, 2026 · Read all of Part 231

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.

← § 231.10 Payment to USAID of excess amounts received by a Noteholder.§ 231.12 Prosecution of claims. →