22 CFR § 231.12 - Prosecution of claims.

---
identifier: "/us/cfr/t22/s231.12"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "22 CFR § 231.12 - Prosecution of claims."
title_number: 22
title_name: "Foreign Relations"
section_number: "231.12"
section_name: "Prosecution of claims."
chapter_name: "AGENCY FOR INTERNATIONAL DEVELOPMENT"
part_number: "231"
part_name: "ARAB REPUBLIC OF EGYPT LOAN GUARANTEES ISSUED UNDER THE EMERGENCY WARTIME SUPPLEMENTAL APPROPRIATIONS ACT OF 2003, PUBLIC LAW 108-11—STANDARD TERMS AND CONDITIONS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Emergency Wartime Supplemental Appropriations Act, 2003, Pub. L. 108-11, chapter 5, title I, “Economic Support Fund”, para. (2)."
regulatory_source: "70 FR 56102, Sept. 23, 2005, unless otherwise noted."
cfr_part: "231"
---


# 231.12 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.