1. LawStack
  2. Title 22 - Foreign Relations
  3. Chapter II - AGENCY FOR INTERNATIONAL DEVELOPMENT
  4. Part 239 - REPUBLIC OF TUNISIA LOAN GUARANTEES ISSUED UNDER SECTION 7034(o) OF THE DEPARTMENT OF STATE, FOREIGN OPERATIONS, AND RELATED PROGRAMS APPROPRIATIONS ACT OF 2016
  5. 22 CFR § 239.11
22 CFR § 239.11
Subrogation of USAID
November 19, 2020
CFR

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.

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§ 239.10 Payment to USAID of excess amounts received by a Noteholder
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§ 239.12 Prosecution of claims

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