ARTICLE 4
Subrogation
4.01 When the Guarantor has made a payment to the Bank, it is
subrogated, to the extent of such payment, to the rights
and actions relating to the said payment that the Bank has
against the Borrower; this right of subrogation shall not
be invoked to the detriment of the Bank.
subrogated, to the extent of such payment, to the rights
and actions relating to the said payment that the Bank has
against the Borrower; this right of subrogation shall not
be invoked to the detriment of the Bank.