Company: ECC-PD
Filing Date: 2025-10-29
Form Type: DEF 14A
Source: 0001104659-25-103753
Chunk: 122

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-10-29
Form: DEF 14A
Chunk 122
---
 voluntary or involuntary, for the purpose of this ARTICLE III. ARTICLE IV ASSET COVERAGE TEST 4.1. Asset Coverag e Requirement. For so long as any Series C Term Preferred Shares are Outstanding, the Fund shall have “asset coverage” of a class of senior security which are stock, as defined for purposes of Section 18(h) of the 1940 Act as in effect on the date hereof (“ Asset Coverage”), of at least 200% as of the close of business on the last Business Day of any of the three month periods ending March 31, June 30, September 30 or December 31 of each year (each, a “ Calendar Quarter”). If the Fund shall fail to maintain such Asset Coverage as of any time as of which such compliance is required to be determined as aforesaid, the provisions of Section 5.2(a)shall be applicable, which provisions shall constitute the sole remedy for the Fund’s failure to comply with the provisions of this Section 4.1. 4.2. Calculation of Asset Coverage. For purposes of determining whether the requirements of Section 4.1are satisfied, (i) no Series C Term Preferred Shares or other Preferred Shares shall be deemed to be Outstanding for purposes of any computation required by Section 4.1if, prior to or concurrently with such determination, either (x) sufficient Deposit Securities or other sufficient funds (in accordance with the terms of the Series C Term Preferred Shares or other Preferred Shares) to pay the full Redemption Price for the Series C Term Preferred Shares or other Preferred Shares (or the portion thereof to be redeemed) shall have been deposited in trust with the paying agent for the Series C Term Preferred Shares or other Preferred Shares and the requisite notice of redemption for the Series C Term Preferred Shares or other Preferred Shares (or the portion thereof to be redeemed) shall have been given or (y) sufficient Deposit Securities or other sufficient funds (in accordance with the terms of the Series C Term Preferred Shares or other Preferred Shares) to pay the full Redemption Price for the Series C Term Preferred Shares or other Preferred Shares (or the portion thereof to be redeemed) shall have been segregated by a bank, as defined in Section 2(a)(5) of the 1940 Act, that has the qualifications prescribed in Section 26(a)(1) of the 1940 Act, or such other entity as shall be then providing custodian services to the Fund as permitted by the 1940 Act or any rule, regulation, or