Company: ECC-PD
Filing Date: 2025-04-30
Form Type: 40-APP/A
Source: 0001104659-25-042630
Chunk: 12

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-04-30
Form: 40-APP/A
Chunk 12
---
ulated Fund within the meaning of Section 2(a)(3) if it is deemed to be under common control because
an Adviser is or will be either the investment adviser or sub-adviser to each Regulated Fund. Section 17(d) and Section 57(b) apply
to any investment adviser to a closed-end fund or a business development company, respectively, including a sub-adviser. Thus, an Adviser
and any Affiliated Entities that it advises could be deemed to be persons related to Regulated Funds in a manner described by Sections
17(d) and 57(b). The Existing Advisers are each indirect subsidiaries of EP Holdings, are under common control, and are thus affiliated
persons of each other. Accordingly, with respect to the Existing Advisers and any other Advisers that are deemed to be affiliated persons
of each other, Affiliated Entities advised by any of them could be deemed to be persons related to Regulated Funds (or a company controlled
by a Regulated Fund) in a manner described by Sections 17(d) and 57(b). In addition, any entities or accounts controlled by or under
common control with the Existing Advisers and/or any other Advisers that are deemed to be affiliated persons of each other that may, from
time to time, hold various financial assets in a principal capacity, could be deemed to be persons related to Regulated Funds (or a company
controlled by a Regulated Fund) in a manner described by Sections 17(d) and 57(b). Finally, with respect to any Wholly-Owned Investment
Sub, Joint Venture, or BDC Downstream Fund of a Regulated Fund, such entity would be a company controlled by its parent Regulated Fund
for purposes of Section 57(a)(4) of the 1940 Act and Rule 17d-l under the 1940 Act.

| C. | Conditions |

Applicants agree that any Order granting the requested
relief will be subject to the following Conditions.

1. Same Terms. With respect to any Co-Investment Transaction, each Regulated Fund, and Affiliated Entity participating in such transaction will acquire, or dispose of, as the case may be, the same class of securities, at the same time, for the same price and with the same conversion, financial reporting and registration rights, and with substantially the same other terms (provided that the settlement date for an Affiliated Entity may occur up to ten business days after the settlement date for the Regulated Fund,