22 CFR 234.11 - Subrogation of USAID.

Regulations last checked for updates: Nov 22, 2024

Title 22 - Foreign Relations last revised: Oct 28, 2024

View all text of Part 234 [§ 234.1 - § 234.16]

§ 234.11 - Subrogation of USAID.

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.

authority: Pub. L. 113-95, 128 Stat. 1088

source: 79 FR 26834, May 12, 2014, unless otherwise noted.

cite as: 22 CFR 234.11