SEC Contract Filing

Filing Date: 2023-04-24

Document Content:
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<TYPE>EX-10.4
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<FILENAME>d500697dex104.htm
<DESCRIPTION>EX-10.4
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<TITLE>EX-10.4</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION COPY </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>COLLATERAL
ADMINISTRATION AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This COLLATERAL ADMINISTRATION AGREEMENT dated as of April&nbsp;21, 2023 (the &#147;<B>Agreement</B>&#148;)
is entered into by and among ABPCIC FUNDING IV LLC, a limited liability company organized under the law of the State of Delaware (the &#147;<B>Company</B>&#148;), AB PRIVATE CREDIT INVESTORS LLC, a limited liability company organized under the laws
of the State of Delaware, as collateral manager (the &#147;<B>Collateral Manager</B>&#148;), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION (&#147;<B>U.S. Bank</B>&#148;), a national banking association, as collateral administrator (in such
capacity, and together with any successor hereunder, the &#147;<B>Collateral Administrator</B>&#148;). </P> <P STYLE="margin-top:12pt; 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<I>, </I>the Company has entered into a Credit Agreement, dated as of the date hereof, among the Company, as the Borrower, the Lenders
from time to time party thereto, Natixis, New York Branch, as the Administrative Agent, and U.S. Bank, as the Collateral Agent and Collateral Administrator (as amended from time to time, the &#147;<B>Credit Agreement</B>&#148;), pursuant to which
the Company will finance its origination and acquisition of Collateral Loans (as defined therein); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the terms of the
Credit Agreement, the Company has pledged certain collateral (the &#147;<B>Collateral</B>&#148;), which includes, among other things, the Collateral Loans and Eligible Investments (as defined therein), as security for the loans made by the Lenders
thereunder; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Collateral Manager and the Company have entered into a Collateral Management Agreement dated as of
April&nbsp;21, 2023 (as further amended from time to time, the &#147;<B>Collateral Management Agreement</B>&#148;), pursuant to which the Collateral Manager provides certain services relating to the matters contemplated by the Credit Agreement; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company wishes to engage U.S. Bank to act as Collateral Administrator to perform certain administrative duties with respect to
the Collateral pursuant to the terms of this Agreement and the Credit Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, U.S. Bank is prepared to perform as
Collateral Administrator certain specified obligations of the Company, or the Collateral Manager on its behalf, under the Credit Agreement and otherwise perform the specified obligations of the Collateral Administrator under the Credit Agreement
(and certain other services) as specified herein, upon and subject to the terms of this Agreement (but without assuming the obligations and liabilities of the Company or the Collateral Manager under the Credit Agreement or the Collateral Management
Agreement); </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 mutual covenants contained herein, and other good and valuable consideration the
receipt of which is hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">1. <U>Definitions</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in the Credit Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Unless a clear contrary intention appears in this Agreement; </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the singular number includes the plural number and <I>vice versa</I>; </P></TD></TR></TABLE>
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