SEC Contract Filing

Filing Date: 2024-10-31

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d889298dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>COLLATERAL MANAGEMENT AGREEMENT </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement, dated as of October&nbsp;29, 2024 (this &#147;<U>Agreement</U>&#148;), is entered into by and between Owl Rock CLO XIX, LLC, a
limited liability company organized under the laws of the State of Delaware, with its registered office at the offices of Puglisi&nbsp;&amp; Associates, 850 Library Avenue, Suite 204, Newark, Delaware 19711 (together with successors and assigns
permitted hereunder, the &#147;<U>Issuer</U>&#148;), and Blue Owl Credit Advisors LLC (&#147;<U>Blue Owl Credit Advisors</U>&#148;), a Delaware limited liability company, with its principal offices located at 399 Park Avenue, 37<SUP
STYLE="font-size:75%; vertical-align:top">th</SUP> Floor, New York, NY 10022, as collateral manager (in such capacity, the &#147;<U>Collateral Manager</U>&#148;). Capitalized terms used and not otherwise defined herein have the meanings assigned to
them in the Indenture. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">WITNESSETH: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to issue Notes pursuant to an indenture and security agreement dated as of October&nbsp;29, 2024 (the
&#147;<U>Indenture</U>&#148;), among the Issuer and State Street Bank and Trust Company, as collateral trustee (together with any successor trustee permitted under the Indenture, the &#147;<U>Collateral Trustee</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to incur <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Class&nbsp;A-1L-1</FONT></FONT> Loans
pursuant to the terms of the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Class&nbsp;A-1L-1</FONT></FONT> Loan Agreement, dated as of October&nbsp;29, 2024 (the &#147;<U>Class</U><U></U><U><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">&nbsp;A-1L-1</FONT></FONT> Loan Agreement</U>&#148;) among the Issuer, as borrower, the Collateral Trustee, State Street Bank and Trust Company as loan agent (the &#147;<U>Loan Agent</U>&#148;) and the lenders party
thereto from time to time; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to incur
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Class&nbsp;A-1L-2</FONT></FONT> Loans (together with the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Class&nbsp;A-1L-1</FONT></FONT> Loans, the
&#147;<U>Loans</U>&#148; and the Loans together with the Notes, the &#147;<U>Secured Debt</U>&#148;) pursuant to the terms of the <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Class&nbsp;A-1L-2</FONT></FONT> Loan Agreement, dated
as of October&nbsp;29, 2024 (the &#147;<U>Class</U><U></U><U><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">&nbsp;A-1L-2</FONT></FONT> Loan Agreement</U>&#148;) among the Issuer, as borrower, the Collateral Trustee, the Loan Agent
and the lenders party thereto from time to time; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to issue preferred shares (the &#147;<U>Preferred
Shares</U>&#148;, and together with the Secured Debt, the &#147;<U>Securities</U>&#148;) pursuant to the Issuer&#146;s amended and restated limited liability company agreement and subject to the Fiscal Agency Agreement, dated as of the Closing Date
(the &#147;<U>Fiscal Agency Agreement</U>&#148;), among the Fiscal Agent, the Share Registrar and the Issuer, as amended from time to time in accordance with the terms thereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer intends to pledge certain Collateral Obligations, Eligible Investments and Cash (all as defined in the Indenture) and
certain other assets (all as set forth in the Indenture) (collectively, the &#147;<U>Assets</U>&#148;) to the Collateral Trustee as security for its obligations under the Indenture; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Issuer wishes to enter into this Agreement, pursuant to which the Collateral Manager agrees to perform, on behalf of the Issuer,
certain duties with respect to the Assets in the manner and on the terms set forth herein and to perform such additional duties as are consistent with the terms of this Agreement, the Indenture and the Collateral Administration Agreement; and </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Collateral Manager has the capacity to provide the services required hereby and
is prepared to perform such services upon the terms and conditions set forth herein. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the m