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A loan syndication in a best effort basis means that: O the borrower will obtain the funds only if sufficient interest and participation among lenders

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A loan syndication in a "best effort basis" means that: O the borrower will obtain the funds only if sufficient interest and participation among lenders could be WI generated O the bank is fully committed to a successful syndication. O the bank will provide the full amount of the loan according to the terms of the mandate even if the syndication not successful. the bank will guarantee to deliver part of the loan O b and d

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