# EDGAR Filing Document

**Accession Number:** 0001919369
**File Stem:** 0000950170-25-098196
**Filing Date:** 2025-7
**Character Count:** 61389
**Document Hash:** 95b31ae81cfa6364e01a593b10075901
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-098196.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0000950170-25-098196

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 11

**CONFORMED PERIOD OF REPORT**: 20250718

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VISTA CREDIT STRATEGIC LENDING CORP.
- **CENTRAL INDEX KEY:** 0001919369

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01651
- **FILM NUMBER:** 251145192

**BUSINESS ADDRESS:**
- **STREET 1:** FOUR EMBARCADERO CENTER, 20TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** (415) 765-6500

**MAIL ADDRESS:**
- **STREET 1:** FOUR EMBARCADERO CENTER, 20TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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## **FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** July 18, 2025<br>

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VISTA CREDIT STRATEGIC LENDING CORP.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Maryland | 000-56562 | 88-1906598 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 50 Hudson Yards, Floor 77 |  |  |
| New York**,** New York |  | 10001 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** 212 804-9100<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| None | N/A | N/A |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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## **Item 1.01. Entry into a Material Definitive Agreement.** 
On July 18, 2025, Vista Credit Strategic Lending Corp. (the "Company") entered into Amendment No. 3 ("Amendment No. 3") to the loan financing and servicing agreement, dated as of June 26, 2024, (as previously amended by Amendment No. 1 dated as of December 10, 2024, and Amendment No. 2 dated as of April 7, 2025) by and among VCSL Funding 1 LLC ("VCSL Funding"), a direct wholly owned subsidiary of the Company, as borrower, the Company, as equityholder and as servicer, Deutsche Bank AG, New York Branch, as facility agent, State Street Bank and Trust Company, as collateral agent and as collateral custodian, and each of the lenders, other agents and securitization subsidiaries that are parties thereto from time to time (the "DB Credit Facility"). Amendment No. 3 amends the DB Credit Facility to, among other things, increase the maximum principal amount available under the DB Credit Facility from $350 million to $450 million and provide that VCSL Funding may further increase such maximum principal amount to $500 million, subject to satisfaction of customary conditions precedent, as set forth in Section 2.8 to the DB Credit Facility. The other material terms of the DB Credit Facility remain unchanged.

The description above is only a summary of the material provisions of Amendment No. 3 and is qualified in its entirety by reference to Amendment No. 3, a copy of which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein.

## **Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.** 
The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.

## **Item 9.01 Financial Statements and Exhibits.** 
(d) Exhibits:

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| | |
|:---|:---|
| 10.1 | [<u>Amendment No. 3 to Loan Financing and Servicing Agreement, dated as of July 18, 2025, by and among VCSL Funding 1 LLC, as borrower, Vista Credit Strategic Lending Corp., as equityholder and as servicer, Deutsche Bank AG, New York Branch, as facility agent, and as collateral custodian, and each of the lenders, other agents and securitization subsidiaries that are parties thereto from time to time.</u>](ck0001919369-ex10_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **Vista Credit Strategic Lending Corp.** |
| Date: | July 24, 2025 | By:  | /s/ Ross Teune |
|  |  |  | <br>Name: Ross Teune<br>Title: Chief Financial Officer |

---

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## Exhibit 10.1

# **Exhibit 10.1** 

# **EXECUTION VERSION** 
AMENDMENT NO. 3 TO LOAN FINANCING AND SERVICING AGREEMENT, dated as of July 18, 2025 (this "<u>Amendment</u>"), among VCSL FUNDING 1 LLC, as borrower (the "<u>Borrower</u>"), VISTA CREDIT STRATEGIC LENDING CORP., as servicer (the "<u>Servicer</u>"), DEUTSCHE BANK AG, NEW YORK BRANCH ("<u>DBNY</u>"), as facility agent (in such capacity, together with its successors and permitted assigns in such capacity, the "<u>Facility</u> <u>Agent</u>"), and DBNY, as agent (in such capacity, an "<u>Agent</u>") and as committed lender (in such capacity, a "<u>Lender</u>").

WHEREAS, the Borrower, Vista Credit Strategic Lending Corp., as equityholder, the Servicer, State Street Bank and Trust Company, as the collateral agent and the collateral custodian, the Agents from time to time parties thereto, the Lenders from time to time parties thereto and the Facility Agent are party to the Loan Financing and Servicing Agreement, dated as of June 26, 2024 (as amended, supplemented, amended and restated and otherwise modified from time to time, the "<u>Loan Agreement</u>"); and

WHEREAS, the Borrower, the Servicer, the Agents, the Lenders and the Facility Agent have agreed to amend the Loan Agreement in accordance with Section 17.2 of the Loan Agreement and subject to the terms and conditions set forth herein.

NOW THEREFORE, in consideration of the foregoing premises and the mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

# **ARTICLE I** 

# **DEFINITIONS** 
Section 1.1 <u>Defined Terms</u>. Terms used but not defined herein have the respective meanings given to such terms in the Loan Agreement.

# **ARTICLE II** 

# **AMENDMENTS** 
Section 2.1 <u>Amendments to the Loan Agreement</u>. As of the date of this Amendment, the Loan Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the bold and double-underlined text (indicated textually in the same manner as the following example: **<u>bold and</u> <u>double-underlined text</u>**) as set forth on the pages of the Loan Agreement attached as <u>Appendix</u> <u>A</u> hereto.

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# **ARTICLE III** 

# **CONDITIONS TO EFFECTIVENESS** 
Section 3.1 This Amendment shall become effective as of the date first written above upon the satisfaction of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the execution and delivery of this Amendment by each party hereto; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all fees (including reasonable and documented fees, disbursements and other charges of counsel) due to the Lenders on or prior to the effective date of this Amendment have been paid in full.

# **ARTICLE IV** 

# **REPRESENTATIONS AND WARRANTIES** 
Section 4.1 The Borrower and the Servicer hereby represent and warrant to the Facility Agent, the Agents and the Lenders that, as of the date first written above, (i) no Event of Default, Unmatured Event of Default, Servicer Default or Unmatured Servicer Default has occurred and is continuing and (ii) the representations and warranties of the Borrower and the Servicer contained in the Loan Agreement are true and correct in all material respects on and as of such day (other than any representation and warranty that is made as of a specific date).

# **ARTICLE V** 

# **MISCELLANEOUS** 
Section 5.1 <u>Governing Law</u>. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT AND ANY DISPUTE, SUIT, ACTION OR PROCEEDING, WHETHER IN CONTRACT, TORT OR OTHERWISE AND WHETHER AT LAW OR IN EQUITY, RELATING TO OR ARISING OUT OF THIS AMENDMENT OR TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK.

Section 5.2 <u>Severability Clause</u>. In case any provision in this Amendment shall be invalid, illegal or unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

Section 5.3 <u>Ratification</u>. Except as expressly amended and waived hereby, the Loan Agreement is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect.

Section 5.4 <u>Counterparts; Electronic Execution</u>. The parties hereto may sign one or more copies of this Amendment in counterparts, all of which together shall constitute one and the same agreement. Delivery of an executed signature page of this Amendment by email transmission shall be effective as delivery of a manually executed counterpart hereof. The parties

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agree that this Amendment may be executed and delivered by electronic signatures and that the electronic signatures appearing on this Amendment are the same as handwritten signatures for the purposes of validity, enforceability and admissibility.

Section 5.5 <u>Headings</u>. The headings of the Articles and Sections in this Amendment are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof.

[Signature pages follow]

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective officers thereunto duly authorized as of the day and year first above written.

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| | |
|:---|:---|
| **VCSL FUNDING 1 LLC**, as Borrower | **VCSL FUNDING 1 LLC**, as Borrower |
| By: | /s/ Gregory Galligan |
|  | Name: Gregory Galligan |
|  | Title: Authorized Signatory |

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[Signature Page to Amendment No. 3 to Loan Financing and Servicing Agreement]

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| | |
|:---|:---|
| **VISTA CREDIT STRATEGIC LENDING CORP**. as Servicer | **VISTA CREDIT STRATEGIC LENDING CORP**. as Servicer |
| By: | /s/ Greg Galligan |
|  | Name: Greg Galligan |
|  | Title: Authorized Signatory |

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[Signature Page to Amendment No. 3 to Loan Financing and Servicing Agreement]

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| | |
|:---|:---|
| **DEUTSCHE BANK AG, NEW YORK BRANCH**, as Facility Agent | **DEUTSCHE BANK AG, NEW YORK BRANCH**, as Facility Agent |
| By: | /s/ Amit Patel |
|  | Name: Amit Patel |
|  | Title: Managing Director |

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| | |
|:---|:---|
| By: | /s/ Erica Flor |
|  | Name: Erica Flor |
|  | Title: Director |

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[Signature Page to Amendment No. 3 to Loan Financing and Servicing Agreement]

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| | |
|:---|:---|
| **DEUTSCHE BANK AG, NEW YORK BRANCH**, as an Agent and as a Committed Lender | **DEUTSCHE BANK AG, NEW YORK BRANCH**, as an Agent and as a Committed Lender |
| By: | /s/ Amit Patel |
|  | Name: Amit Patel |
|  | Title: Managing Director |

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| | |
|:---|:---|
| By: | /s/ Erica Flor |
|  | Name: Erica Flor |
|  | Title: Director |

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[Signature Page to Amendment No. 3 to Loan Financing and Servicing Agreement]

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<u>APPENDIX A</u>

Loan Agreement Amendments

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# **EXECUTION VERSION** 
**Conformed through Amendment No. 2<u>3</u> dated April 7<u>July 18</u>, 2025**

LOAN FINANCING AND SERVICING AGREEMENT

dated as of June 26, 2024

VCSL FUNDING 1 LLC,

as Borrower

VISTA CREDIT STRATEGIC LENDING CORP.,

as Equityholder and as Servicer

THE LENDERS FROM TIME TO TIME PARTIES HERETO,

DEUTSCHE BANK AG, NEW YORK BRANCH,

as Facility Agent

THE OTHER AGENTS PARTIES HERETO,

and

STATE STREET BANK AND TRUST COMPANY,

as Collateral Agent and as Collateral Custodian

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**TABLE OF CONTENTS**

Page

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| | | |
|:---|:---|:---|
| ARTICLE I DEFINITIONS | ARTICLE I DEFINITIONS | 1 |
| Section 1.1 | Defined Terms | 1 |
| Section 1.2 | Other Definitional Provisions | 51 |
| ARTICLE II THE FACILITY, ADVANCE PROCEDURES AND NOTES | ARTICLE II THE FACILITY, ADVANCE PROCEDURES AND NOTES | 53 |
| Section 2.1 | Advances | 53 |
| Section 2.2 | Funding of Advances | 54 |
| Section 2.3 | Notes | 54 |
| Section 2.4 | Repayment and Prepayments | 55 |
| Section 2.5 | Permanent Reduction of Facility Amount | 55 |
| Section 2.6 | Extension of Revolving Period | 56 |
| Section 2.7 | Calculation of Discount Factor | 56 |
| Section 2.8 | Increase in Facility Amount | 57 |
| Section 2.9 | Defaulting Lenders | 58 |
| ARTICLE III YIELD, UNDRAWN FEE, ETC | ARTICLE III YIELD, UNDRAWN FEE, ETC | 59 |
| Section 3.1 | Yield and Undrawn Fee | 59 |
| Section 3.2 | Yield and Undrawn Fee Distribution Dates | 59 |
| Section 3.3 | Yield Calculation | 59 |
| Section 3.4 | Computation of Yield, Fees, Etc | 59<u>60</u> |
| ARTICLE IV PAYMENTS; TAXES | ARTICLE IV PAYMENTS; TAXES | 60 |
| Section 4.1 | Making of Payments | 60 |
| Section 4.2 | Due Date Extension | 60 |
| Section 4.3 | Taxes | 60 |

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| | | |
|:---|:---|:---|
| ARTICLE V INCREASED COSTS, ETC | ARTICLE V INCREASED COSTS, ETC | 64 |
| Section 5.1 | Increased Costs, Capital Adequacy | 64 |
| ARTICLE VI EFFECTIVENESS; CONDITIONS TO ADVANCES | ARTICLE VI EFFECTIVENESS; CONDITIONS TO ADVANCES | 66 |
| Section 6.1 | Effectiveness | 66 |
| Section 6.2 | Advances and Reinvestments | 68 |
| Section 6.3 | Transfer of Collateral Obligations and Permitted Investments | 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARTICLE VII ADMINISTRATION AND SERVICING OF COLLATERAL OBLIGATIONS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARTICLE VII ADMINISTRATION AND SERVICING OF COLLATERAL OBLIGATIONS | 71 |
| Section 7.1 | Retention and Termination of the Servicer | 71 |
| Section 7.2 | Resignation and Removal of the Servicer; Appointment of <br>Successor Servicer | 71 |
| Section 7.3 | Duties of the Servicer | 73 |
| Section 7.4 | Representations and Warranties of the Servicer | 74 |
| Section 7.5 | Covenants of the Servicer | 76 |
| Section 7.6 | Servicing Fees; Payment of Certain Expenses by Servicer | 80 |
| Section 7.7 | Collateral Reporting | 80 |
| Section 7.8 | Notices | 80<u>81</u> |
| Section 7.9 | Procedural Review of Collateral Obligations; Access to <br>Servicer and Servicer's Records | 81 |
| Section 7.10 | Optional Sales | 82 |
| Section 7.11 | Repurchase or Substitution of Warranty Collateral <br>Obligations | 84 |
| Section 7.12 | Servicing of REO Assets | 85 |
| ARTICLE VIII ACCOUNTS; PAYMENTS | ARTICLE VIII ACCOUNTS; PAYMENTS | 86 |
| Section 8.1 | Accounts | 86 |
| Section 8.2 | Excluded Amounts | 88 |

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| | | |
|:---|:---|:---|
| Section 8.3 | Distributions, Reinvestment and Dividends | 88<u>89</u> |
| Section 8.4 | Fees | 92 |
| Section 8.5 | Monthly Report | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE <br>BORROWER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE <br>BORROWER | 93 |
| Section 9.1 | Organization and Good Standing | 93 |
| Section 9.2 | Due Qualification | 93<u>94</u> |
| Section 9.3 | Power and Authority | 93<u>94</u> |
| Section 9.4 | Binding Obligations | 94 |
| Section 9.5 | Security Interest | 94 |
| Section 9.6 | No Violation | 95 |
| Section 9.7 | No Proceedings | 95 |
| Section 9.8 | No Consents | 95<u>96</u> |
| Section 9.9 | Solvency | 96 |
| Section 9.10 | Compliance with Laws | 96 |
| Section 9.11 | Taxes | 96 |
| Section 9.12 | Monthly Report | 96 |
| Section 9.13 | No Liens, Etc | 96 |
| Section 9.14 | Information True and Correct | 97 |
| Section 9.15 | Bulk Sales | 97 |
| Section 9.16 | Collateral | 97 |
| Section 9.17 | Selection Procedures | 97 |
| Section 9.18 | Indebtedness | 97 |
| Section 9.19 | No Injunctions | 97<u>98</u> |
| Section 9.20 | No Subsidiaries | 97<u>98</u> |

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| | | |
|:---|:---|:---|
| Section 9.21 | ERISA Matters | 97<u>98</u> |
| Section 9.22 | Investment Company Status | 98 |
| Section 9.23 | Set-Off, Etc | 98 |
| Section 9.24 | Collections | 98 |
| Section 9.25 | Value Given | 98<u>99</u> |
| Section 9.26 | Use of Proceeds | 98<u>99</u> |
| Section 9.27 | Separate Existence | 99 |
| Section 9.28 | Transaction Documents | 99 |
| Section 9.29 | EEA Financial Institution | 99 |
| Section 9.30 | Anti-Terrorism, Anti-Money Laundering | 99 |
| Section 9.31 | Anti-Bribery and Corruption | 100 |
| Section 9.32 | Volcker Rule | 101 |
| Section 9.33 | AIFMD and UK AIFM Regulation | 101 |
| ARTICLE X COVENANTS | ARTICLE X COVENANTS | 101 |
| Section 10.1 | Protection of Security Interest of the Secured Parties | 101 |
| Section 10.2 | Other Liens or Interests | 102 |
| Section 10.3 | Costs and Expenses | 102 |
| Section 10.4 | Reporting Requirements | 102 |
| Section 10.5 | Separate Existence | 103 |
| Section 10.6 | Hedging Agreements | 106 |
| Section 10.7 | Tangible Net Worth | 108 |
| Section 10.8 | Taxes | 108 |
| Section 10.9 | Merger, Consolidation, Etc | 108 |
| Section 10.10 | Deposit of Collections | 108 |
| Section 10.11 | Indebtedness; Guarantees | 108<u>109</u> |

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| | | |
|:---|:---|:---|
| Section 10.12 | Limitation on Purchases from Affiliates | 109 |
| Section 10.13 | Documents | 109 |
| Section 10.14 | Preservation of Existence | 109 |
| Section 10.15 | Limitation on Investments | 109 |
| Section 10.16 | Distributions | 109 |
| Section 10.17 | Performance of Borrower Assigned Agreements | 110 |
| Section 10.18 | Further Assurances; Financing Statements | 110 |
| Section 10.19 | Obligor Payment Instructions | 110<u>111</u> |
| Section 10.20 | Delivery of Collateral Obligation Files | 111 |
| Section 10.21 | ERISA | 111<u>112</u> |
| Section 10.22 | Risk Retention | 112 |
| Section 10.23 | Proceedings | 114 |
| Section 10.24 | Revolving Loans | 114 |
| Section 10.25 | Policies and Procedures for Sanctions | 114<u>115</u> |
| Section 10.26 | Compliance with Sanctions | 114<u>115</u> |
| Section 10.27 | Compliance with Anti-Money Laundering | 114<u>115</u> |
| Section 10.28 | Ineligible Collateral | 115 |
| ARTICLE XI THE COLLATERAL AGENT | ARTICLE XI THE COLLATERAL AGENT | 115 |
| Section 11.1 | Appointment of Collateral Agent | 115 |
| Section 11.2 | Monthly Reports | 115 |
| Section 11.3 | Collateral Administration | 115 |
| Section 11.4 | Removal or Resignation of Collateral Agent | 118<u>119</u> |
| Section 11.5 | Representations and Warranties | 119 |
| Section 11.6 | No Adverse Interest of Collateral Agent | 119<u>120</u> |
| Section 11.7 | Reliance of Collateral Agent | 120 |

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| | | |
|:---|:---|:---|
| Section 11.8 | Limitation of Liability and Collateral Agent Rights | 120 |
| Section 11.9 | Tax Reports | 123 |
| Section 11.10 | Merger or Consolidation | 123 |
| Section 11.11 | Collateral Agent Compensation | 123 |
| Section 11.12 | Compliance with Applicable Anti-Bribery and Corruption, <br>Anti-Terrorism and Anti-Money Laundering Regulations | 123<u>124</u> |
| ARTICLE XII GRANT OF SECURITY INTEREST | ARTICLE XII GRANT OF SECURITY INTEREST | 124 |
| Section 12.1 | Borrower's Grant of Security Interest | 124 |
| Section 12.2 | Borrower Remains Liable | 125 |
| Section 12.3 | Release of Collateral | 125<u>126</u> |
| ARTICLE XIII EVENTS OF DEFAULT | ARTICLE XIII EVENTS OF DEFAULT | 126 |
| Section 13.1 | Events of Default | 126 |
| Section 13.2 | Effect of Event of Default | 128 |
| Section 13.3 | Rights upon Event of Default | 129 |
| Section 13.4 | Collateral Agent May Enforce Claims Without Possession of <br>Notes | 129<u>130</u> |
| Section 13.5 | Collective Proceedings | 130 |
| Section 13.6 | Insolvency Proceedings | 130 |
| Section 13.7 | Delay or Omission Not Waiver | 131 |
| Section 13.8 | Waiver of Stay or Extension Laws | 131 |
| Section 13.9 | Limitation on Duty of Collateral Agent in Respect of <br>Collateral | 131 |
| Section 13.10 | Power of Attorney | 132 |
| Section 13.11 | [Reserved] | 132<u>133</u> |

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| | | |
|:---|:---|:---|
| Section 13.12 | Offset | 133 |
| Section 13.13 | Agreement to Deliver Additional Collateral Documents; <br>Offset | 133 |
| ARTICLE XIV THE FACILITY AGENT | ARTICLE XIV THE FACILITY AGENT | 133 |
| Section 14.1 | Appointment | 133 |
| Section 14.2 | Delegation of Duties | 134 |
| Section 14.3 | Exculpatory Provisions | 134 |
| Section 14.4 | Reliance by Note Agents | 134 |
| Section 14.5 | Notices | 135 |
| Section 14.6 | Non-Reliance on Note Agents | 135 |
| Section 14.7 | Indemnification | 136 |
| Section 14.8 | Successor Note Agent | 136 |
| Section 14.9 | Note Agents in their Individual Capacity | 136<u>137</u> |
| Section 14.10 | Borrower Audit | 136<u>137</u> |
| Section 14.11 | Compliance with Applicable Anti-Bribery and Corruption, <br>Anti-Terrorism and Anti-Money Laundering Regulations | 137 |
| ARTICLE XV ASSIGNMENTS | ARTICLE XV ASSIGNMENTS | 137 |
| Section 15.1 | Restrictions on Assignments by the Borrower and the <br>Servicer | 137 |
| Section 15.2 | Documentation | 137 |
| Section 15.3 | Rights of Assignee | 137<u>138</u> |
| Section 15.4 | Assignment by Lenders | 137<u>138</u> |
| Section 15.5 | Registration; Registration of Transfer and Exchange | 138 |
| Section 15.6 | Mutilated, Destroyed, Lost and Stolen Notes | 139<u>140</u> |
| Section 15.7 | Persons Deemed Owners | 140 |
| Section 15.8 | Cancellation | 140 |

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| | | |
|:---|:---|:---|
| Section 15.9 | Participations; Pledge | 140 |
| Section 15.10 | Reallocation of Advances | 141 |
| ARTICLE XVI INDEMNIFICATION | ARTICLE XVI INDEMNIFICATION | 141<u>142</u> |
| Section 16.1 | Borrower Indemnity | 141<u>142</u> |
| Section 16.2 | Servicer Indemnity | 142 |
| Section 16.3 | Contribution | 143 |
| Section 16.4 | After-Tax Basis | 143 |
| ARTICLE XVII MISCELLANEOUS | ARTICLE XVII MISCELLANEOUS | 143<u>144</u> |
| Section 17.1 | No Waiver; Remedies | 143<u>144</u> |
| Section 17.2 | Amendments, Waivers | 144 |
| Section 17.3 | Notices, Etc | 145 |
| Section 17.4 | Costs and Expenses | 145<u>146</u> |
| Section 17.5 | Binding Effect; Survival | 146 |
| Section 17.6 | Captions and Cross References | 146<u>147</u> |
| Section 17.7 | Severability | 146<u>147</u> |
| Section 17.8 | GOVERNING LAW | 146<u>147</u> |
| Section 17.9 | Counterparts; Electronic Execution | 146<u>147</u> |
| Section 17.10 | WAIVER OF JURY TRIAL | 147 |
| Section 17.11 | No Proceedings | 147<u>148</u> |
| Section 17.12 | Limited Recourse | 148 |
| Section 17.13 | ENTIRE AGREEMENT | 149<u>150</u> |
| Section 17.14 | Confidentiality | 149<u>150</u> |
| Section 17.15 | Non-Confidentiality of Tax Treatment | 150<u>151</u> |
| Section 17.16 | Replacement of Lenders | 150<u>151</u> |
| Section 17.17 | Consent to Jurisdiction | 151<u>152</u> |

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-viii-

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| | | |
|:---|:---|:---|
| Section 17.18 | Option to Acquire Rating | 152 |
| Section 17.19 | Acknowledgement and Consent to Bail-In of Affected <br>Financial Institutions | 152<u>153</u> |
| Section 17.20 | Lender Representation | 152<u>153</u> |
| Section 17.21 | Acknowledgement Regarding Any Supported QFCs | 153 |
| ARTICLE XVIII COLLATERAL CUSTODIAN | ARTICLE XVIII COLLATERAL CUSTODIAN | 153<u>154</u> |
| Section 18.1 | Designation of Collateral Custodian | 153<u>154</u> |
| Section 18.2 | Duties of the Collateral Custodian | 154 |
| Section 18.3 | Delivery of Collateral Obligation Files | 156 |
| Section 18.4 | Collateral Obligation File Certification | 156<u>157</u> |
| Section 18.5 | Release of Collateral Obligation Files | 157<u>158</u> |
| Section 18.6 | Examination of Collateral Obligation Files | 159 |
| Section 18.7 | Lost Note Affidavit | 159<u>160</u> |
| Section 18.8 | Transmission of Collateral Obligation Files | 159<u>160</u> |
| Section 18.9 | Merger or Consolidation | 160 |
| Section 18.10 | Collateral Custodian Compensation | 160 |
| Section 18.11 | Removal or Resignation of Collateral Custodian | 160<u>161</u> |
| Section 18.12 | Limitations on Liability | 161 |
| Section 18.13 | Collateral Custodian as Agent of Collateral Agent | 163 |

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-ix-

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are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in the Obligations pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Obligations (other than pursuant to an assignment request by the Borrower under <u>Section 17.16</u>) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to <u>Section 4.3</u>, amounts with respect to such Taxes were payable either to such Lender's assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to such Recipient's failure to comply with <u>Section 4.3(f)</u> and (d) any withholding Taxes imposed under FATCA.

"<u>Executive Officer</u>" means, with respect to the Borrower, the Servicer or the Equityholder, the Chief Executive Officer, the Chief Operating Officer of such Person or any other Person included on the incumbency certificate of the Borrower, Servicer or Equityholder, as applicable, delivered pursuant to <u>Section 6.1(g)</u> and, with respect to any other Person, the President, Chief Financial Officer or any Vice President.

"<u>Facility Agent</u>" has the meaning set forth in the <u>Preamble</u>.

"<u>Facility Amount</u>" means (a) prior to the end of the Revolving Period, $275,000,000<u>450,000,000</u>, unless this amount is permanently reduced pursuant to <u>Section 2.5</u> or increased pursuant to <u>Section 2.8</u>, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

"<u>Facility Termination Date</u>" means the earliest to occur of (i) the date that is two (2) years from the end of the Revolving Period, (ii) the date on which the term of the Equityholder's existence ends and (iii) the effective date on which the facility hereunder is terminated and all of the outstanding principal amount of the Advances and the other Obligations have become due and payable pursuant to <u>Section 13.2</u>.

"<u>FATCA</u>" means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), and any current or future regulations or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Code, any intergovernmental agreement entered into in connection with such sections of the Code and any legislation, law, regulation or practice enacted or promulgated pursuant to such intergovernmental agreement.

"<u>Federal Funds Rate</u>" means, for any period, the greater of (a) 0.0% and (b) a fluctuating rate *per annum* equal for each day during such period to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Facility Agent from three federal funds brokers of recognized standing selected by it.

"<u>Fee Letter</u>" has the meaning set forth in <u>Section 8.4</u>.

"<u>Fees</u>" has the meaning set forth in <u>Section 8.4</u>.

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"<u>First Lien Middle Market Loan</u>" means any First Lien Loan that does not satisfy one or more of the requirements of a First Lien Broadly Syndicated Loan.

"<u>Fitch</u>" means Fitch Ratings, Inc., Fitch Ratings Ltd. and their subsidiaries, including Derivative Fitch Inc. and Derivative Fitch Ltd. and any successor thereto.

"<u>Fixed Rate Collateral Obligation</u>" means any Collateral Obligation that bears a fixed rate of interest.

"<u>Floating Rate Note</u>" means a floating rate note issued pursuant to an indenture or equivalent document by a corporation, partnership, limited liability company, trust or other person that is secured by a first or second priority perfected security interest or lien in or on specified collateral securing the issuer's obligations under such note.

"<u>Foreign Lender</u>" means a Lender that is not a U.S. Person.

"<u>FRS Board</u>" means the Board of Governors of the Federal Reserve System and, as applicable, the staff thereof.

"<u>Funding Date</u>" means any Advance Date (including the Closing Date) or any Reinvestment Date, as applicable.

"<u>GAAP</u>" means generally accepted accounting principles in the United States, which are applicable to the circumstances as of any day.

<u>"GBSA" means the German Act on the Ring-fencing of Risks and for the Recovery and</u> <u>Resolution Planning for Credit Institutions and Financial Groups (</u>*<u>Gesetz zur Abschirmung von</u> <u>Risiken und zur Planung der Sanierung und Abwicklung von Kreditinstituten und</u> <u>Finanzgruppen</u>*<u>) of 7 August 2013 (commonly referred to as the German Bank Separation Act)</u> <u>(</u>*<u>Trennbankengesetz</u>*<u>), as amended.</u>

"<u>Hazardous Materials</u>" means all materials subject to any Environmental Law, including materials listed in 49 C.F.R. § 172.101, materials defined as hazardous pursuant to § 101(14) of the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, flammable, explosive or radioactive materials, hazardous or toxic wastes or substances, lead-based materials, petroleum or petroleum distillates or asbestos or material containing asbestos, polychlorinated biphenyls, radon gas, urea formaldehyde and any substances classified as being "in inventory", "usable work in process" or similar classification that would, if classified as unusable, be included in the foregoing definition.

"<u>Hedge Breakage Costs</u>" means, with respect to each Hedge Counterparty upon the early termination of any Hedge Transaction with such Hedge Counterparty, the net amount, if any, payable by the Borrower to such Hedge Counterparty for the early termination of that Hedge Transaction or any portion thereof.

"<u>Hedge Counterparty</u>" means (a) DBNY and its affiliates and (b) any other entity that (i) on the date of entering into any Hedge Transaction (x) is an interest rate swap dealer that has

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limited to) collateral debt obligations, collateral loan obligations, asset backed securities and commercial mortgage backed securities or any resecuritization thereof.

"<u>Subsidiary</u>" means, with respect to any Person, a corporation, partnership or other entity of which such Person and/or its other Subsidiaries own, directly or indirectly, such number of outstanding shares or interests as have more than 50% of the ordinary voting power for the election of directors, managers or general partners, as applicable.

"<u>Substituted Collateral Obligation</u>" means, with respect to any Accrual Period, any Warranty Collateral Obligation with respect to which the Equityholder has substituted in a replacement Eligible Collateral Obligation pursuant to <u>Section 7.11</u> and the Sale Agreement.

"<u>Supported QFC</u>" has the meaning set forth in <u>Section 17.21</u>.

"<u>Tangible Net Worth</u>" means, with respect to any Person, the consolidated assets minus the consolidated liabilities of such Person and its consolidated Subsidiaries calculated in accordance with GAAP after subtracting therefrom the aggregate amount of the intangible assets of such Person and its consolidated Subsidiaries, including, without limitation, goodwill, franchises, licenses, patents, trademarks, tradenames, copyrights and service marks.

"<u>Target Portfolio Amount</u>" means $481,250,000, as such<u>the</u> amount shall be increased pursuant to Section 2.8 or decreased pursuant to Section 2.5 *pro rata* (or as otherwise agreed to by the Facility Agent in its sole discretion) in connection with any increase or decrease, as applicable, in<u>equal to the product of (i)</u> the Facility Amount <u>multiplied by (ii) 1.75</u>.

"<u>Taxes</u>" means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Official Body, including any interest, additions to tax or penalties applicable thereto.

"<u>Term SOFR</u>" means, for any calculation with respect to an Advance (other than an Advance bearing interest at the Alternate Base Rate), the greater of (i) 0.50% and (ii) the Term SOFR Reference Rate for a tenor of three (3) months on the day (such day, the "<u>Term SOFR</u> <u>Determination Day</u>") that is two (2) U.S. Government Securities Business Days prior to the first day of the relevant Accrual Period, as such rate is published by the Term SOFR Administrator.

"<u>Term SOFR Administrator</u>" means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Facility Agent in its reasonable discretion).

"<u>Term SOFR Determination Day</u>" has the meaning set forth in the definition of "Term SOFR" in this <u>Section 1.1</u>.

"<u>Term SOFR Reference Rate</u>" means the forward-looking term rate per annum based on SOFR as published by the Term SOFR Administrator.

"<u>Transaction Documents</u>" means this Agreement, the Notes, the Sale Agreement, the Collateral Agent and Collateral Custodian Fee Letter, each Fee Letter, the Account Control Agreement, any Joinder Agreement and the other documents to be executed and delivered in

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If the circumstances with respect to any Collateral Obligation change, the Servicer may provide written notice of such changed circumstance to the Facility Agent, and if no Revaluation Event shall then be continuing for such Collateral Obligation, the Facility Agent shall in its sole discretion re-evaluate the Discount Factor for such Collateral Obligation.

Section 2.8 <u>Increase in Facility Amount</u>. (a) The Borrower may, with the prior written consent of the Facility Agent (which consent may be conditioned on one or more conditions precedent in its sole discretion), (i) increase the Commitment of the existing Lender Groups (pro rata) by an amount up<u>not</u> to an additional $300,000,000<u>exceed $500,000,000 in the aggregate</u>, (ii) increase the Commitment of any Lender Group, and/or (iii) add additional Lender Groups, in each case which shall increase the Facility Amount by the amount of the Commitment of each such existing or additional Lender Group. Any increase pursuant to this <u>Section 2.8</u> shall be attempted in good faith first pursuant to <u>clause (i)</u>, second pursuant to <u>clause (ii)</u> and third pursuant to <u>clause (iii)</u> above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Borrower (i) may, at any time after the Second Amendment Effective Date until at least two (2) Business Days prior to the earlier of: (x) the end of the Revolving Period and (y) the three month anniversary of the Second Amendment Effective Date and (ii) shall, no later than the date that is two (2) Business Days prior to the earlier of: (x) the end of the Revolving Period and (y) the three month anniversary of the Second Amendment Effective Date, deliver a written notice (the "<u>Increase Notice</u>") to the Facility Agent and the Collateral Agent (A) certifying that (I) no Event of Default or Unmatured Event of Default has occurred and is continuing and (II) the representations and warranties of the Borrower and the Servicer contained in this Agreement and the other Transaction Documents are true and correct in all material respects on and as of such day and (B) requesting an increase of the Commitment of DBNY, as Lender (the amount so requested being the "<u>Increased Facility Amount</u>"); <u>provided</u> that the increase under <u>clause (ii)</u> above shall cause the Commitment of DBNY to equal an aggregate amount of $325,000,000; <u>provided</u>, <u>further</u>, that any increases under both <u>clause (i)</u> and <u>clause (ii)</u> above shall not cause the Commitment of DBNY to exceed an aggregate amount of $350,000,000. Upon the payment in full of all Fees due under any Fee Letter, occurring on such date in connection with an Increased Facility Amount, the Facility Amount shall be increased by such Increased Facility Amount on the next Business Day immediately following the receipt of the applicable Increase Notice by the Facility Agent and the Collateral Agent.

Section 2.9 <u>Defaulting Lenders</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any payment of principal, interest, fees or other amounts received by the Collateral Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, or otherwise), shall be applied at such time or times as may be determined by the Facility Agent as follows: *first*, to the payment of any amounts owing

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all of the rights of such Lender hereunder with respect to such Advances and all references to the Lender or Lenders in <u>Sections 4.3</u> or <u>5.1</u> shall be deemed to apply to such assignee.

Section 15.4 <u>Assignment by Lenders</u>. Any Lender may assign an interest in, or sell a participation interest in any Advance (or portion thereof) or its Commitment (or any portion thereof) pursuant to any one of the following clauses (a) through (e); <u>provided</u> that the Lenders shall not assign any interest in, or sell a participation in any Advance (or portion thereof) or its Commitment (or any portion thereof), to the Equityholder or any Affiliate of the Equityholder:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to any Person, if an Unmatured Event of Default, Event of Default, Unmatured Servicer Default or Servicer Default has occurred and is continuing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to an Affiliate of such Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to another Lender;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) upon notice to the Borrower, to any Person (which each Lender agrees to use reasonable efforts to make such assignment to a Person who is not a Competitor) if such Lender makes a determination that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including, without limitation, the Volcker Rule <u>and/or GBSA</u>); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) to any Person with the prior written consent of the Borrower (such consent not to be unreasonably withheld, delayed or conditioned, it being understood that it shall not be deemed unreasonable for the Borrower to withhold consent to any assignment to a Competitor);

<u>provided</u>, that each Lender shall first offer to sell such interest(s) to (i) the Lender affiliated with the Facility Agent and, if such Lender does not accept such offer within 10 Business Day, then (ii) to each remaining Lender (*pro rata*) for a period of 10 Business Days prior to offering to any Person that is not an existing Lender.

Each Lender shall endorse the Notes to reflect any assignments made pursuant to this <u>Article XV</u> or otherwise. The assigning Lender shall provide prompt notice of any assignment to the Facility Agent, the Collateral Agent, the Borrower and the Servicer.

Section 15.5 <u>Registration; Registration of Transfer and Exchange</u>. (a) The Facility Agent, acting solely for this purpose as agent for the Borrower (and, in such capacity, the "<u>Loan</u> <u>Registrar</u>"), shall maintain a register for the recordation of the name and address of each Lender (including any assignees), and the principal amounts (and stated interest) owing to such Lender pursuant to the terms hereof from time to time (the "<u>Loan Register</u>"). The entries in the Loan Register shall be conclusive absent manifest error, and the Borrower, the Collateral Agent, the Facility Agent, each Agent and each Lender shall treat each Person whose name is recorded in the Loan Register pursuant to the terms hereof as a Lender hereunder. The Loan Register shall be available for inspection by any Lender at any reasonable time and from time to time upon reasonable prior notice.

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ARTICLE XVII

MISCELLANEOUS

Section 17.1 <u>No Waiver; Remedies</u>. No failure on the part of any Lender, the Facility Agent, the Collateral Agent, the Collateral Custodian, any Indemnified Party or any Affected Person to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by any of them of any right, power or remedy hereunder preclude any other or further exercise thereof, or the exercise of any other right, power or remedy. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. Without limiting the foregoing, each Lender is hereby authorized by the Borrower during the existence of an Event of Default, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by it to or for the credit or the account of the Borrower to the amounts owed by the Borrower under this Agreement, to the Facility Agent, the Collateral Agent, the Collateral Custodian, any Affected Person, any Indemnified Party or any Lender or their respective successors and assigns. Without limiting the foregoing, each Lender is hereby authorized by the Servicer during the existence of an Event of Default, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by it to or for the credit or the account of the Servicer to the amounts owed by the Servicer under this Agreement, to the Facility Agent, the Collateral Agent, the Collateral Custodian, any Affected Person, any Indemnified Party, any Agent or any Lender or their respective successors and assigns.

Section 17.2 <u>Amendments, Waivers</u>. (a) This Agreement may not be amended, supplemented or modified nor may any provision hereof be waived except in accordance with the provisions of this <u>Section 17.2</u>.

The Borrower, the Servicer and the Facility Agent may, from time to time enter into written amendments, supplements, waivers or modifications hereto for the purpose of adding any provisions to this Agreement or changing in any manner the rights of any party hereto or waiving, on such terms and conditions as may be specified in such instrument, any of the requirements of this Agreement; <u>provided</u>, that no such amendment, supplement, waiver or modification shall (i) reduce the amount of or extend the maturity of any payment with respect to an Advance or reduce the rate or extend the time of payment of Yield thereon, or reduce or alter the timing of any other amount payable to any Lender hereunder, in each case without the consent of each Lender affected thereby, (ii) amend, modify or waive any provision of this <u>Section 17.2</u> or <u>Section 17.11</u>, or reduce the percentage specified in the definition of Required Lenders, in each case without the written consent of all Lenders, (iii) amend, modify or waive any provision adversely affecting the obligations or duties of the Collateral Agent, in each case without the prior written consent of the Collateral Agent and (iv) amend, modify or waive any provision adversely affecting the obligations or duties of the Collateral Custodian, in each case without the prior written consent of the Collateral Custodian. Notwithstanding the foregoing, if the Facility Agent determines in its sole discretion that it can no longer support Term SOFR, or if Term SOFR ceases to exist or is reasonably expected to cease to exist within the succeeding three (3) months, the Borrower, the Servicer and the Facility Agent may (and such parties will reasonably cooperate with each other in good faith in order to) amend this Agreement to replace references herein to Term SOFR (and

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any associated terms and provisions) with any alternative floating reference rate (and any associated terms and provisions) that is then being generally used in U.S. credit markets for similar types of facilities. Upon execution of any amendments by the Borrower, the Servicer and the Facility Agent as provided herein, the Servicer shall deliver a copy of such amendment to the Collateral Agent. Any waiver of any provision of this Agreement shall be limited to the provisions specifically set forth therein for the period of time set forth therein and shall not be construed to be a waiver of any other provision of this Agreement.

Notwithstanding the foregoing, upon the reasonable determination by any Lender that its ownership of any of its rights or obligations hereunder is prohibited by Applicable Law (including, without limitation, the Volcker Rule <u>and/or GBSA</u>), each of the Borrower, the Servicer, each Lender, each Agent, the Collateral Agent, the Collateral Custodian and the Facility Agent hereby agree to work in good faith to amend or amend and restate the commercial terms of this Agreement (including, if necessary, to re-document under a note purchase agreement or indenture) to ensure future compliance with such Applicable Law.

The Borrower and the Servicer each acknowledges that the Facility Agent may be communicating with other Lenders, Agents or potential lenders in connection with an amendment or syndication of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Notwithstanding the foregoing, if the Facility Agent determines in its</u> <u>sole discretion that it can no longer support Term SOFR, or if Term SOFR ceases to exist or is</u> <u>reasonably expected to cease to exist within the succeeding three (3) months, the Borrower,</u> <u>the Servicer and the Facility Agent may (and such parties will reasonably cooperate with each</u> <u>other in good faith in order to) amend this Agreement to replace references herein to Term</u> <u>SOFR (and any associated terms and provisions) with any alternative floating reference rate</u> <u>(and any associated terms and provisions) that is then being generally used in U.S. credit</u> <u>markets for similar types of facilities.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>The Facility Agent does not warrant or accept any responsibility for,</u> <u>and shall not have any liability with respect to, the administration, submission or performance</u> <u>related to the Alternate Base Rate, any Applicable Index or with respect to any alternative or</u> <u>successor rate thereto, or replacement rate thereof, including without limitation, whether the</u> <u>composition or characteristics of any such alternative, successor or replacement reference rate</u> <u>will be similar to, or produce the same value or economic equivalence of, the existing interest</u> <u>rate being replaced or have the same volume or liquidity as did any existing interest rate prior</u> <u>to its discontinuance or unavailability. The Facility Agent and its affiliates and/or other</u> <u>related entities may engage in transactions that affect the calculation of any interest rate used</u> <u>in this Agreement or any alternative, successor or alternative rate and/or any relevant</u> <u>adjustments thereto, in each case, in a manner adverse to the Borrower. The Facility Agent</u> <u>may select information sources or services in its reasonable discretion to ascertain any interest</u> <u>rate used in this Agreement, any component thereof, or rates referenced in the definition</u> <u>thereof, in each case pursuant to the terms of this Agreement, and shall have no liability to the</u> <u>Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses</u> <u>(whether in tort, contract or otherwise and whether at law or in equity), for any error or</u> <u>calculation of any such rate (or component thereof) provided by any such information source</u> <u>or service so long</u> 

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<u>as the rate (or component thereof) used by the Facility Agent in connection</u> <u>therewith is consistent with such rate (or component thereof) provided by any such</u> <u>information source or service.</u>

Section 17.3 <u>Notices, Etc.</u> All notices and other communications provided for hereunder shall, unless otherwise stated herein, be in writing and shall be personally delivered or sent by certified mail, electronic mail or postage prepaid, to the intended party at the address or e-mail of such party set forth under its name on <u>Annex A</u> or at such other address or e-mail as shall be designated by such party in a written notice to the other parties hereto. All such notices and communications shall be effective, (a) if personally delivered, when received, (b) if sent by certified mail, three Business Days after having been deposited in the mail, postage prepaid, (c) if sent by overnight courier, one Business Day after having been given to such courier, and (d) if transmitted by e-mail, when sent, receipt confirmed by telephone or electronic means, except that notices and communications pursuant to <u>Section 2.2</u>, shall not be effective until received.

Section 17.4 <u>Costs and Expenses</u>. In addition to the rights of indemnification granted under <u>Section 16.1</u>, the Borrower agrees to pay on demand all reasonable and documented out-of-pocket costs and expenses of the Facility Agent, the Collateral Agent, and the Collateral Custodian in connection with the preparation, execution, delivery, syndication and administration of this Agreement, any liquidity support facility and the other documents and agreements to be delivered hereunder or with respect hereto, and, subject to any cap on such costs and expenses agreed upon in a separate letter agreement among the Borrower, the Servicer and the Facility Agent or the Collateral Agent and Collateral Custodian Fee Letter, as applicable, and the Borrower further agrees (i) to pay all reasonable and documented out-of-pocket costs and expenses (including reasonable outside counsel fees and expenses) of the Facility Agent, the Collateral Agent, the Collateral Custodian and the Lenders in connection with any amendments, waivers or consents executed in connection with this Agreement and with respect to advising the Facility Agent and the Lenders as to its rights and remedies under this Agreement, and (ii) to pay all reasonable, documented and out-of-pocket costs and expenses, if any (including reasonable outside counsel fees and expenses), of the Facility Agent, the Collateral Agent, the Collateral Custodian, the Agents and the Lenders, in connection with the enforcement against the Servicer or the Borrower of this Agreement or any of the other Transaction Documents and the other documents and agreements to be delivered hereunder or with respect hereto; <u>provided</u> that in the case of reimbursement of fees and expenses of counsel in each of <u>clause (i)</u> and <u>clause (ii)</u> above, such reimbursement shall be limited to one outside counsel to the Facility Agent, the Agents, the Lenders and their related Indemnified Parties, one outside counsel to the Collateral Agent, the Collateral Custodian and their related Indemnified Parties, one additional local counsel to the Facility Agent, the Agents, the Lenders and their related Indemnified Parties in each applicable local jurisdiction, one additional local counsel to the Collateral Agent, the Collateral Custodian and their related Indemnified Parties in each applicable local jurisdiction, and one additional local counsel in each applicable local jurisdiction in the case of a conflict of interest. For the avoidance of doubt, the costs and expenses described in this <u>Section 17.4</u> shall not include Taxes.

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set forth in <u>Section 2.5(b)</u> in connection with such removal or replacement. A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

Section 17.17 <u>Consent to Jurisdiction</u>. Each party hereto hereby irrevocably submits to the exclusive jurisdiction of any New York State or Federal court sitting in New York County in any action or proceeding, <u>(</u>whether in contract, tort or otherwise and whether at law or in equity,<u>)</u> arising out of or relating to the Transaction Documents, and each party hereto hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such New York State court or, to the extent permitted by law, in such Federal court. The parties hereto hereby irrevocably waive, to the fullest extent they may effectively do so, the defense of an inconvenient forum to the maintenance of such action or proceeding (whether in contract, tort or otherwise and whether at law or in equity). The parties hereto agree that a final judgment in any such action or proceeding (whether in contract, tort or otherwise and whether at law or in equity) shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.

Section 17.18 <u>Option to Acquire Rating</u>. Each party hereto hereby acknowledges and agrees that the Facility Agent (on behalf and at the sole expense of the requesting Lender) may, at any time and in its sole discretion, obtain a public rating for this loan facility. The Borrower and the Servicer hereby agree (at the sole expense of the requesting Lender) to use commercially reasonable efforts, at the request of the Facility Agent, to cooperate with the acquisition and maintenance of any such rating.

Section 17.19 <u>Acknowledgement and Consent to Bail-In of Affected Financial</u> <u>Institutions</u>. Notwithstanding anything to the contrary in any Transaction Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Transaction Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the effects of any Bail-In Action on any such liability, including, if applicable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reduction in full or in part or cancellation of any such liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Transaction Document; or

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**<u>Annex B</u>**

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| | |
|:---|:---|
| <u>Lender</u> | <u>Commitment</u> |
| Deutsche Bank AG, New York Branch | $275000000<u>450000000</u> |

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