Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 4

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 4
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Commission staff no-action positions.6

C. Defined Terms

“Adviser”
means the Existing Advisers and any Future Adviser (defined below).

“Affiliated Fund” 7means
the Existing Affiliated Funds, the Existing Proprietary Account, any Future Affiliated Funds (as defined below), and any Future Proprietary
Accounts (as defined below). No Existing Affiliated Fund is a BDC Downstream Fund.

“BDC”
means a business development company under the Act.8

“BDC Downstream Fund” means, with respect to any Regulated Fund that is a BDC, an entity (i) that the BDC directly or indirectly controls,
(ii) that is not controlled by any person other than the BDC (except a person that indirectly controls the entity solely because
it controls the BDC), (iii) that would be an investment company but for Sections 3(c)(1) or 3(c)(7) of the Act, (iv) whose
investment adviser (and sub-adviser(s), if any) is an Adviser, (v) that is not a Wholly-Owned Investment Sub (as defined below),
and (vi) that intends to participate in the Co-Investment Program.

“Board”
means (i) with respect to a Regulated Fund other than a BDC Downstream Fund, the board of directors (or the equivalent) of the Regulated
Fund and (ii) with respect to a BDC Downstream Fund, the Independent Party of the BDC Downstream Fund.

| 6 | See                                                                                                                                        
 the JT No-Action Letters (as defined below).                                                                                               |
| 7 | Affiliated Funds may include funds that are ultimately structured as collateralized loan obligation                                        
 funds (“CLOs”). Such CLOs would be investment companies but for the exception provided in Section 3(c)(7) of the Act                       
 or their ability to rely on Rule 3a-7 of the Act. During the investment period of a CLO, the CLO may engage in certain transactions        
 customary in CLO formations with another Affiliated Fund on a secondary basis at fair market value. For purposes of the Order, any         
 securities that were acquired by an Affiliated Fund in a particular Co-Investment Transaction that are then transferred in such customary  
 transactions to an Affiliated Fund that is or will become a CLO (an “Affiliated Fund CLO”) will be treated as if the                       
 Affiliated Fund CLO