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§ 240.11 Subrogation of USAID.

22 CFR 240.11

Citation22 CFR 240.11
CorpusDaily eCFR
Displayed edition2026-09-23
Last updated2026-09-23

§ 240.11 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.