22 CFR § 236.11 Republic of Tunisia Loan Guarantees Issued Under the Further Continuing Appropriations Act, 2014, Div. F, Public Law 113-6—Standard Terms and Conditions

§ 236.11 Subrogation of USAID.

Current through Oct 13, 2026 · Read all of Part 236

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.

← § 236.10 Payment to USAID of excess amounts received by a Noteholder.§ 236.12 Prosecution of claims. →