Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 9

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 9
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 as a BDC for this purpose) and any limited partner holding 5% or more of the relevant limited partner interests that would
be a Close Affiliate but for the exclusion in that definition.

“Required Majority”
means a required majority, as defined in Section 57(o) of the Act.10

“SBIC Subsidiary”
means a Wholly-Owned Investment Sub that is licensed by the Small Business Administration (the “SBA”) to operate
under the Small Business Investment Act of 1958, as amended, (the “SBA Act”) as a small business investment
company (an “SBIC”).

“Tradable Security”
means a security that meets the following criteria at the time of Disposition:

(i) it trades on a national securities exchange or designated offshore securities market as defined in rule 902(b) under the Securities Act;

(ii) it is not subject to restrictive agreements with the issuer or other security holders; and

(iii) it trades with sufficient volume and liquidity (findings as to which are documented by the Advisers to any Regulated Funds holding investments in the issuer and retained for the life of the Regulated Fund) to allow each Regulated Fund to dispose of its entire position remaining after the proposed Disposition within a short period of time not exceeding 30 days at approximately the value (as defined by Section 2(a)(41) of the Act) at which the Regulated Fund has valued the investment.

| 10 | In the case of a Regulated Fund that is a registered closed-end fund,                                                                 
 the Board members that make up the Required Majority will be determined as if the Regulated Fund were a BDC subject to Section 57(o). 
 In the case of a BDC Downstream Fund with a board of directors (or the equivalent), the members that make up the Required Majority    
 will be determined as if the BDC Downstream Fund were a BDC subject to Section 57(o). In the case of a BDC Downstream Fund with a     
 transaction committee or advisory committee, the committee members that make up the Required Majority will be determined as if the    
 BDC Downstream Fund were a BDC subject to Section 57(o) and as if the committee members were directors of the fund.                   |

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“Wholly-Owned Investment Sub” means an entity (i) that is a wholly-owned subsidiary11of a Regulated Fund (with such Regulated Fund at all times holding, beneficially