1. LawStack
  2. Title 22 - Foreign Relations
  3. Chapter II - AGENCY FOR INTERNATIONAL DEVELOPMENT
  4. Part 231 - ARAB REPUBLIC OF EGYPT LOAN GUARANTEES ISSUED UNDER THE EMERGENCY WARTIME SUPPLEMENTAL APPROPRIATIONS ACT OF 2003, PUBLIC LAW 108-11—STANDARD TERMS AND CONDITIONS
  5. 22 CFR § 231.11
22 CFR § 231.11
Subrogation of USAID
November 19, 2020
CFR

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.

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

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