Lender Syndicate Law and Legal Definition

A lender syndicate means “an arrangement established for the combined extension of credit of not less than $ 20,000,000 made up of four or more entities that each have a beneficial interest, held through an agent, under a trust arrangement established pursuant to subsection (f), no one of which may exercise powers there under without the concurrence of at least one other unaffiliated beneficiary.” (46 USCS § 31322)