1. Regulations
  2. title 22
  3. chapter II
  4. part 234
  5. § 234.11

View all text of Part 234 [§ 234.1 - § 234.16]

§ 234.11 - 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.

AUTHORITY: Pub. L. 113-95, 128 Stat. 1088.

SOURCE: 79 FR 26834, May 12, 2014, unless otherwise noted.

CITE AS: 22 CFR 234.11