22 C.F.R. § 238.11 – Subrogation of USAID. | Midpage
§ 238.11
22 C.F.R. § 238.11
Subrogation of USAID.
Effective Dec 31, 2016
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.