Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 17

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 17
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 Co-Investment Transaction falls
within the then-current Objectives and Strategies and any Board-Established Criteria of a Regulated Fund, the policies and procedures
will require that the relevant Investment Committee responsible for that Regulated Fund receive sufficient information to allow such
the Regulated Fund’s Adviser to make its independent determination and recommendations under Conditions 1, 2(a), 6, 7, 8 and 9
(as applicable).14 In addition, the policies and procedures
will specify the individuals or roles responsible for carrying out the policies and procedures, including ensuring that the Advisers
receive such information. After receiving notification of a Potential Co-Investment Transaction under Condition 1(a), the Adviser to
each applicable Regulated Fund, working through the applicable Investment Committee, will then make an independent determination of the
appropriateness of the investment for the Regulated Fund in light of the Regulated Fund’s then-current circumstances.

The Applicants represent
that, if the requested Order is granted, the investment advisory personnel of the Advisers to the Regulated Funds will be charged with
making sure they identify, and participate in this process with respect to, each investment opportunity that falls within the Objectives
and Strategies and Board-Established Criteria of each Regulated Fund. The Applicants assert that the Advisers’ allocation policies
and procedures are structured so that the relevant investment advisory personnel of the Advisers to each Regulated Fund will be promptly
notified of all Potential Co-Investment Transactions that fall within the then-current Objectives and Strategies and Board-Established
Criteria of such Regulated Fund and that the Advisers will undertake to perform these duties regardless of whether the Advisers serve
as investment adviser or sub-adviser to such Regulated Fund or Affiliated Funds.

| 13 | Investment Committees responsible for an area of investment may include                                                               
 investment professionals and senior management from among one or more of the Advisers.                                                |
| 14 | Representatives from each Adviser to a Regulated Fund are members of each applicable                                                  
 Investment Committee or otherwise entitled to participate in each meeting of any Investment Committee that is expected to approve     
 or reject recommended investment opportunities falling within its Regulated Funds’ Objectives and Strategies and Board-Established    
 Criteria. Accordingly, the policies and procedures may provide, for example, that an Adviser will receive the information required    
 under Condition 1 in conjunction with its representatives’ participation in the relevant Investment Committee’s meetings.             
 The allocation memorandum for each