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Title 22 Part 231 → §231.11

Title 22 → Chapter II → Part 231 → §231.11

Electronic Code of Federal Regulations e-CFR

Title 22 Part 231 → §231.11

e-CFR data is current as of October 17, 2019

Title 22Chapter IIPart 231 → §231.11


Title 22: Foreign Relations
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


§231.11   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.


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