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Title 22 Part 240 → §240.12

Title 22 → Chapter II → Part 240 → §240.12

Electronic Code of Federal Regulations e-CFR

Title 22 Part 240 → §240.12

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

Title 22Chapter IIPart 240 → §240.12


Title 22: Foreign Relations
PART 240—SOVEREIGN LOAN GUARANTEE—STANDARD TERMS AND CONDITIONS


§240.12   Prosecution of claims.

After payment by USAID to an Applicant hereunder, USAID shall have exclusive power to prosecute all claims related to rights to receive payments under the Eligible Notes to which it is thereby subrogated. If a Noteholder continues to have an interest in the outstanding Eligible Notes, such a Noteholder and USAID shall consult with each other with respect to their respective interests in such Eligible Notes and the manner of and responsibility for prosecuting claims.


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