22 CFR § 232.11 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 Subrogation of USAID.

Current through Oct 13, 2026 · Read all of Part 232

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.

← § 232.10 Payment to USAID of excess amounts received by a Noteholder.§ 232.12 Prosecution of claims. →