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e-CFR data is current as of January 19, 2021 |
Title 22 → Chapter II → Part 232 → §232.11 |
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 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.