Several

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Revision as of 09:17, 13 November 2013 by imported>Doug Williamson
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A basis of making a commitment collectively, under which each member's commitment is limited to a proportionate share of the total commitment.


In relation to syndicated loans, each member of the lending syndicate acts on a several basis.

This means that if any lender fails to honour its obligations as a member of the syndicate, the other syndicate members have no legal duty to fulfil those obligations on the other lender's behalf. 


See also