{"component": "clause", "props": {"groups": [{"samples": [{"hash": "8iXWhJfi495", "uri": "/contracts/8iXWhJfi495#syndication-agent", "label": "Term Loan Agreement (Domtar CORP)", "score": 31.3490753174, "published": true}, {"hash": "fxW0rY3zOpY", "uri": "/contracts/fxW0rY3zOpY#syndication-agent", "label": "Credit Agreement (AV Homes, Inc.)", "score": 28.3757705688, "published": true}, {"hash": "cJIWbBvwHDb", "uri": "/contracts/cJIWbBvwHDb#syndication-agent", "label": "Term Loan Credit Agreement (Domtar CORP)", "score": 26.5934295654, "published": true}], "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [16, 27]}], "snippet": "The Syndication Agent shall not have any duties or responsibilities hereunder in its capacity as such.", "size": 62, "hash": "6f4d6e43685da7d891ec566ae353697b", "id": 1}, {"samples": [{"hash": "kLGtwUdI3zL", "uri": "/contracts/kLGtwUdI3zL#syndication-agent", "label": "Credit Agreement (Nortel Networks LTD)", "score": 18.0, "published": true}, {"hash": "8nJJhXMrksS", "uri": "/contracts/8nJJhXMrksS#syndication-agent", "label": "Credit Agreement (Nortel Networks LTD)", "score": 18.0, "published": true}, {"hash": "6QqRVNwGgsl", "uri": "/contracts/6QqRVNwGgsl#syndication-agent", "label": "Credit Agreement (Nortel Networks Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [16, 27]}, {"key": "no-responsibility", "type": "clause", "offset": [33, 50]}, {"key": "this-agreement", "type": "clause", "offset": [71, 85]}], "snippet": "The Syndication Agent shall have no responsibility or obligation under this Agreement in its capacity as Syndication Agent.", "size": 22, "hash": "01c041511c2642c6c77e10a1ee4fa25f", "id": 2}, {"samples": [{"hash": "rXUEm1VKPC", "uri": "/contracts/rXUEm1VKPC#syndication-agent", "label": "Credit Agreement (Autozone Inc)", "score": 21.0, "published": true}, {"hash": "hUMJ2tgMv5S", "uri": "/contracts/hUMJ2tgMv5S#syndication-agent", "label": "Credit Agreement (Autozone Inc)", "score": 21.0, "published": true}, {"hash": "gkMO78C1F3c", "uri": "/contracts/gkMO78C1F3c#syndication-agent", "label": "Credit Agreement (Autozone Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-syndication-agent", "type": "definition", "offset": [0, 21]}, {"key": "no-rights", "type": "clause", "offset": [59, 68]}, {"key": "agreement-or", "type": "definition", "offset": [118, 130]}, {"key": "other-credit-documents", "type": "definition", "offset": [142, 164]}], "snippet": "The Syndication Agent, in its capacity as such, shall have no rights, powers, duties or obligations under this Credit Agreement or any of the other Credit Documents.", "size": 18, "hash": "ececb83a1d206e6febc7b00fec044620", "id": 3}, {"samples": [{"hash": "iygMThN0UGV", "uri": "/contracts/iygMThN0UGV#syndication-agent", "label": "Credit Agreement (Alaris Medical Inc)", "score": 18.0, "published": true}, {"hash": "hQcih88fYKh", "uri": "/contracts/hQcih88fYKh#syndication-agent", "label": "Amendment No. 5 (Alaris Medical Inc)", "score": 18.0, "published": true}, {"hash": "dfBo5Aceydp", "uri": "/contracts/dfBo5Aceydp#syndication-agent", "label": "Credit Agreement (Alaris Medical Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "capitalized-terms-used", "type": "definition", "offset": [4, 26]}, {"key": "the-credit-agreement", "type": "clause", "offset": [118, 138]}], "snippet": "All capitalized terms used herein and not otherwise defined shall have the respective meanings provided such terms in the Credit Agreement referred to below.", "size": 12, "hash": "8429789ab938a0d9deedfd662e39abc6", "id": 4}, {"samples": [{"hash": "geS9P1TIxbt", "uri": "/contracts/geS9P1TIxbt#syndication-agent", "label": "Credit Agreement (Park Ohio Holdings Corp)", "score": 18.0, "published": true}, {"hash": "5tSOfnCB6ou", "uri": "/contracts/5tSOfnCB6ou#syndication-agent", "label": "Credit Agreement (Park Ohio Holdings Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-lender", "type": "clause", "offset": [0, 10]}, {"key": "in-this-agreement", "type": "definition", "offset": [22, 39]}, {"key": "applicable-to", "type": "definition", "offset": [184, 197]}, {"key": "all-lenders", "type": "clause", "offset": [198, 209]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [219, 249]}, {"key": "fiduciary-relationship", "type": "clause", "offset": [306, 328]}, {"key": "each-lender", "type": "clause", "offset": [346, 357]}, {"key": "with-respect-to", "type": "clause", "offset": [396, 411]}, {"key": "the-agent", "type": "clause", "offset": [453, 462]}, {"key": "section-1011", "type": "clause", "offset": [466, 479]}], "snippet": "The Lender identified in this Agreement as the \"Syndication Agent\" shall not have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to such Lenders as it makes with respect to the Agent in Section 10.11.", "size": 12, "hash": "f9b2deba6b1945aa2e67ea3e7d3909ff", "id": 5}, {"samples": [{"hash": "aTcwCg6koLx", "uri": "/contracts/aTcwCg6koLx#syndication-agent", "label": "Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)", "score": 22.5824775696, "published": true}, {"hash": "hNvb2MjQsJJ", "uri": "/contracts/hNvb2MjQsJJ#syndication-agent", "label": "Revolving Credit and Term Loan Agreement (Genesee & Wyoming Inc)", "score": 21.0, "published": true}, {"hash": "h1cq2R9AlrY", "uri": "/contracts/h1cq2R9AlrY#syndication-agent", "label": "Revolving Credit and Term Loan Agreement", "score": 19.0, "published": true}], "snippet_links": [{"key": "see-preamble", "type": "clause", "offset": [0, 12]}], "snippet": "See preamble.", "size": 10, "hash": "f08706c63fe2b9cacd1d95a6a2dab801", "id": 6}, {"samples": [{"hash": "jTySVRJPYBn", "uri": "/contracts/jTySVRJPYBn#syndication-agent", "label": "Credit Agreement (Valero Refining & Marketing Co)", "score": 18.0, "published": true}, {"hash": "YbRxkGmJdZ", "uri": "/contracts/YbRxkGmJdZ#syndication-agent", "label": "Credit Agreement (Valero Energy Corp)", "score": 18.0, "published": true}, {"hash": "8hIO6arx5xY", "uri": "/contracts/8hIO6arx5xY#syndication-agent", "label": "Credit Agreement (Valero Energy Corp/Tx)", "score": 18.0, "published": true}], "snippet_links": [{"key": "nothing-in-this-agreement", "type": "clause", "offset": [0, 25]}, {"key": "the-syndication-agent", "type": "definition", "offset": [44, 65]}], "snippet": "Nothing in this Agreement shall impose upon the Syndication Agent, in such capacity, any obligation or liability whatsoever.", "size": 10, "hash": "84b35c08a3e7ae459b9fc6029791cf56", "id": 7}, {"samples": [{"hash": "hKuutPpSUbR", "uri": "/contracts/hKuutPpSUbR#syndication-agent", "label": "Credit Agreement (Independence Realty Trust, Inc)", "score": 27.4859676361, "published": true}, {"hash": "dJBNipN32Jn", "uri": "/contracts/dJBNipN32Jn#syndication-agent", "label": "Credit Agreement (Liberty Property Limited Partnership)", "score": 27.1615333557, "published": true}, {"hash": "lQLf44O9Oe0", "uri": "/contracts/lQLf44O9Oe0#syndication-agent", "label": "Revolving Credit Agreement (Staples Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-preamble", "type": "clause", "offset": [14, 26]}], "snippet": "As defined in the preamble hereto.", "size": 9, "hash": "9f745789501c11900e350a8f3a422b46", "id": 8}, {"samples": [{"hash": "aylnhNF7HyV", "uri": "/contracts/aylnhNF7HyV#syndication-agent", "label": "Credit Agreement (Chesapeake Lodging Trust)", "score": 28.5838470459, "published": true}, {"hash": "6mOrkNBKPxg", "uri": "/contracts/6mOrkNBKPxg#syndication-agent", "label": "Credit Agreement (Chesapeake Lodging Trust)", "score": 26.3251190186, "published": true}, {"hash": "fCrcHCZDsLv", "uri": "/contracts/fCrcHCZDsLv#syndication-agent", "label": "Credit Agreement (Chesapeake Lodging Trust)", "score": 22.856262207, "published": true}], "snippet_links": [{"key": "jpmorgan-chase-bank", "type": "definition", "offset": [0, 19]}, {"key": "the-syndication-agent", "type": "definition", "offset": [29, 50]}, {"key": "no-responsibility", "type": "clause", "offset": [80, 97]}, {"key": "without-limitation", "type": "clause", "offset": [134, 152]}, {"key": "the-loans", "type": "clause", "offset": [205, 214]}, {"key": "agent-hereunder", "type": "clause", "offset": [237, 252]}, {"key": "the-lenders", "type": "clause", "offset": [257, 268]}, {"key": "the-title", "type": "clause", "offset": [270, 279]}, {"key": "no-fiduciary-responsibility", "type": "clause", "offset": [343, 370]}, {"key": "the-administrative-agent", "type": "definition", "offset": [411, 435]}, {"key": "the-borrower", "type": "definition", "offset": [449, 461]}, {"key": "loan-party", "type": "definition", "offset": [475, 485]}, {"key": "other-lender", "type": "definition", "offset": [606, 618]}], "snippet": "JPMorgan Chase Bank, N.A. is the Syndication Agent and in such capacity assumes no responsibility or obligation hereunder, including, without limitation, for servicing, enforcement or collection of any of the Loans, nor any duties as an agent hereunder for the Lenders. The title given to the Syndication Agent is solely honorific and implies no fiduciary responsibility on the part of the Syndication Agent to the Administrative Agent, any Lender, the Borrower or any other Loan Party and the use of such titles does not impose on the Syndication Agent any duties or obligations greater than those of any other Lender or entitle the Syndication Agent to any rights other than those to which any other Lender is entitled.", "size": 9, "hash": "1eaf76f7e4853d9614643e722e75e8e2", "id": 9}, {"samples": [{"hash": "1JyNLU6fhc6", "uri": "/contracts/1JyNLU6fhc6#syndication-agent", "label": "Credit Agreement (Parallel Petroleum Corp)", "score": 21.0, "published": true}, {"hash": "g4fhABHKZqd", "uri": "/contracts/g4fhABHKZqd#syndication-agent", "label": "Credit Agreement (Parallel Petroleum Corp)", "score": 18.0, "published": true}, {"hash": "3wA1et8zcVm", "uri": "/contracts/3wA1et8zcVm#syndication-agent", "label": "Credit Agreement (Parallel Petroleum Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-lender", "type": "clause", "offset": [0, 10]}, {"key": "in-this-agreement", "type": "definition", "offset": [22, 39]}, {"key": "agent-shall", "type": "definition", "offset": [59, 70]}, {"key": "applicable-to", "type": "definition", "offset": [182, 195]}, {"key": "all-lenders", "type": "clause", "offset": [196, 207]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [217, 247]}, {"key": "fiduciary-relationship", "type": "clause", "offset": [309, 331]}, {"key": "each-lender", "type": "clause", "offset": [349, 360]}, {"key": "with-respect-to", "type": "clause", "offset": [399, 414]}, {"key": "the-agent", "type": "clause", "offset": [465, 474]}], "snippet": "The Lender identified in this Agreement as the Syndication Agent shall not have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, the Syndication Agent shall not have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to the Syndication Agent as it makes with respect to the Agent in Section 15(f).", "size": 9, "hash": "43d581f986986fcb79afdfb3698a39a8", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpzeW5kaWNhdGlvbi1hZ2VudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Syndication Agent", "parents": [["the-agents", "The Agents"], ["the-administrative-agent", "The Administrative Agent"], ["the-agent", "The Agent"], ["miscellaneous", "Miscellaneous"], ["agency-provisions", "Agency Provisions"]], "children": [["notices", "Notices"], ["successors-and-assigns", "Successors and Assigns"], ["amendments-and-waivers", "Amendments and Waivers"], ["severability", "Severability"], ["counterparts", "Counterparts"]], "size": 480, "id": "syndication-agent", "related": [["documentation-agent", "Documentation Agent", "Documentation Agent"], ["arranger", "Arranger", "Arranger"], ["arrangers", "Arrangers", "Arrangers"], ["syndication", "Syndication", "Syndication"], ["agent-the-lender-group", "Agent the Lender Group", "Agent the Lender Group"]], "related_snippets": [], "updated": "2025-10-16T04:22:27+00:00", "also_ask": ["What key powers and limitations should be negotiated for the Syndication Agent?", "Which drafting elements are essential to clearly define the Syndication Agent\u2019s role and liability?", "What are the main risks if the Syndication Agent\u2019s duties are vaguely described?", "How does the Syndication Agent\u2019s function differ from that of an Administrative Agent in similar agreements?", "What enforceability challenges have courts identified regarding Syndication Agent clauses?"], "drafting_tip": "Specify the Syndication Agent\u2019s duties and authority to prevent role confusion; delineate reporting obligations to ensure accountability; clarify liability limitations to manage risk exposure.", "explanation": "The Syndication Agent clause defines the role and responsibilities of the syndication agent in a syndicated loan agreement. This clause typically outlines the agent\u2019s duties in coordinating the syndication process, such as distributing information to potential lenders, managing communications, and facilitating the allocation of loan commitments among participating banks. By clearly establishing the agent\u2019s authority and obligations, the clause ensures an organized and efficient syndication process, reducing confusion and streamlining the management of multiple lenders."}, "json": true, "cursor": ""}}