Company: ECC-PD
Filing Date: 2025-02-04
Form Type: 40-APP/A
Source: 0001104659-25-008762
Chunk: 24

Company: Eagle Point Credit Co Inc.
Filing Date: 2025-02-04
Form: 40-APP/A
Chunk 24
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 the prior approval of the Required Majority if (i) the Disposition is a Pro Rata
Disposition or (ii) the securities are Tradable Securities and the Disposition meets the other requirements of Condition 6(c)(ii).

A “Pro Rata Disposition”
is a Disposition (i) in which the participation of each Affiliated Fund and each Regulated Fund is proportionate to its outstanding
investment in the security subject to Disposition immediately preceding the Disposition;18and (ii) in the case of a Regulated Fund, a majority of the Board has approved the Regulated Fund’s participation
in pro rata Dispositions as being in the best interests of the Regulated Fund. The Regulated Fund’s Board may refuse to approve,
or at any time rescind, suspend or qualify, their approval of Pro Rata Dispositions, in which case all subsequent Dispositions will be
submitted to the Regulated Fund’s Eligible Directors.

In the case of a Tradable
Security, approval of the required majority is not required for the Disposition if: (x) the Disposition is not to the issuer or
any affiliated person of the issuer;19 and (y) the security
is sold for cash in a transaction in which the only term negotiated by or on behalf of the participating Regulated Funds and Affiliated
Funds is price. Pro Rata Dispositions and Dispositions of a Tradable Security remain subject to the Board’s periodic review in
accordance with Condition 10.

(b). Enhanced Review Dispositions

One or more Regulated Funds
and one or more Affiliated Funds that have not previously participated in a Co-Investment Transaction with respect to an issuer may have
the opportunity to make a Disposition of Pre-Boarding Investments in a Potential Co-Investment Transaction. In these cases, the Regulated
Funds and Affiliated Funds may rely on the Order to make such Disposition subject to the requirements of Condition 7. As discussed above,
with respect to investment in a given issuer, the participating Regulated Funds and Affiliated Funds need only complete the onboarding
process for the first Co-Investment Transaction, which may be an Enhanced Review Follow-On or an Enhanced Review Disposition.20Subsequent Co-Investment Transactions with respect to the issuer will be governed by Condition 6 or 8 under the standard
review process.

| 18 | See                                                                                                                                      
 note 33, below.                                                                                                                          |
| 19 | In the case of a Tradable Security, Dis