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The Industry Dictionary maintained by LeaseForce International (www.leaseforce.com/ASP/Dictionary/bottom.asp?Action=FirstLetterSearch&Letter=L) defines a lease syndication as follows: "The process of involving a number of different lessors and funding sources in providing various percentages of a particular lease's debt and equity components. Typically a hallmark of large lease transactions; a lease syndication can allow any one lessor or funding source to maintain a more prudent and manageable credit exposure and competitive pricing while still providing the lessee with the total financing it desired and/or required."

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