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By Abbey L. Mansfield | Lending Law Report | March 12, 2014
The Loan Syndications and Trading Association (“LSTA”) provides model agency provisions that reflect standard market practice in the United Sates primary loan markets, while the Loan Market Association (“LMA”) provides model provisions reflecting market practices in the European markets. In the U.S., the administrative and collateral agent is typically the same institution as (or an affiliate of) the lead arranger.