Subrogation of USAID.

22 C.F.R. § 234.11
in effectEffective: 2024-07-01
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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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22 C.F.R. § 234.11 — Subrogation of USAID | Code of Federal Regulations | Corpus