22 C.F.R. § 230.11 Subrogation of USAID.
Title 22 - Foreign Relations
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.
Title 22: Foreign Relations
PART 230—ISRAEL LOAN GUARANTEES ISSUED UNDER THE EMERGENCY WARTIME SUPPLEMENTAL APPROPRIATIONS ACT OF 2003, PUB. L. 108–11—STANDARD TERMS AND CONDITIONS
§ 230.11 Subrogation of USAID.
