Finance Deals & Syndicated Lending · glossary
The sharing clause. A lender that recovers money from the borrower outside the Agent, by set-off or by suing alone, must hand the excess over its share to the Agent for sharing out. So no lender gains by racing ahead. Clause 23.1 · Chapter 11
Explained in Chapter 11, The Agent and the Syndicate, of Finance Deals & Syndicated Lending.
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