Common use of Concentration Limits Clause in Contracts

Concentration Limits. Individual Obligor Concentration Limits1 Largest and 2nd Largest Eligible First Lien Loan Obligors 7.5% Remaining Eligible First Lien Loan Obligors 5.0% If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. Eligible Bifurcated First Lien Loan Obligors 5.0% Eligible First Lien Last Out Obligors 5.0% Aggregate Concentration Limits2 Eligible Bifurcated First Lien Loans and Eligible First Lien Last Out Loans 55% Eligible First Lien Last Out Loans 35% Loans with a Loan Rating of Caa1 or Below 25% Obligor EBITDA is less than $25,000,000, for the most recent four calendar quarters 15% Non-U.S. Obligor Domicile 10% Fixed Rate Loans 5.0% DIP Loans 5.0% PIK Loans 5.0% Eligible ESG Loan 5.0% Revolving Collateral Loan or Delayed Drawdown Collateral Loan 15% Loans that Pay Less Frequently than Quarterly 10% Moody’s Industry Category Concentration Limits3 Largest ▇▇▇▇▇’▇ Industry Category 20% 2nd Largest ▇▇▇▇▇’▇ Industry Category 17.5% Each Remaining ▇▇▇▇▇’▇ Industry Category 15% In addition to the foregoing, with respect to any Participation Interest, (i) 30 days following the Closing Date, not more than 0.0% consist of Participation Interests agented by TCW Asset Management Company LLC or an Affiliate thereof, (ii) 60 days following the Closing Date, not more than 33% of the Participation Interests acquired on the Closing Date have not been elevated to assignments and (iii) 90 days following the Closing Date, not more than 0.0% consist of Participation Interests.

Concentration Limits. Individual Obligor Concentration Limits1 Largest and 2nd Largest Eligible First Lien Loan Obligors 7.5% Remaining Eligible First Lien Loan Obligors 5.0% If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. Eligible Bifurcated First Lien Loan Obligors 5.0% Eligible First Lien Last Out Obligors 5.0% Aggregate Concentration Limits2 Eligible Bifurcated First Lien Loans and Eligible First Lien Last Out Loans 55% Eligible First Lien Last Out Loans 35% Loans with a Loan Rating of Caa1 or Below 25% Obligor EBITDA is less than $25,000,000, for the most recent four calendar quarters 15% Non-U.S. Obligor Domicile 10% Fixed Rate Loans 5.0% DIP Loans 5.0% PIK Loans 5.0% Eligible ESG Loan 5.0% Revolving Collateral Loan or Delayed Drawdown Collateral Loan 15% Loans that Pay Less Frequently than Quarterly 10% Moody’s Industry Category Concentration Limits3 Largest ▇▇▇▇▇’▇ Moody’s Industry Category 20% 2nd Largest ▇▇▇▇▇’▇ Moody’s Industry Category 17.5% Each Remaining ▇▇▇▇▇’▇ Moody’s Industry Category 15% In addition to the foregoing, with respect to any Participation Interest, (i) 30 days following the Closing Date, not more than 0.0% consist of Participation Interests agented by TCW Asset Management Company LLC or an Affiliate thereof, (ii) 60 days following the Closing Date, not more than 33% of the Participation Interests acquired 1 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. 2 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. 3 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. on the Closing Date have not been elevated to assignments and (iii) 90 days following the Closing Date, not more than 0.0% consist of Participation Interests.

Concentration Limits. Individual Obligor Concentration Limits1 Largest and 2nd Largest Eligible First Lien Loan Obligors 7.57.5 % Remaining Eligible First Lien Loan Obligors 5.05.0 % Eligible Bifurcated First Lien Loan Obligors 5.0 % Eligible First Lien Last Out Obligors 5.0 % Eligible Second Lien Loan Obligor 3.0 % Aggregate Concentration Limits2 Eligible Bifurcated First Lien Loans, Eligible First Lien Last Out Loans, and Eligible Second Lien Loans 55 % Eligible First Lien Last Out Loans 35 % Eligible Second Lien Loans 5.0 % Loans with a Loan Rating of Caa1 or Below 25 % Obligor EBITDA is less than $25,000,000, for the most recent four calendar quarters 15 % Non-U.S. Obligor Domicile 10 % Fixed Rate Loans 5.0 % DIP Loans 5.0 % PIK Loans 5.0 % Revolving Collateral Loan or Delayed Drawdown Collateral Loan 15 % Loans that Pay Less Frequently than Quarterly 10 % Moody’s Industry Category Concentration Limits3 Largest Moody’s Industry Category 20 % 2nd Largest Moody’s Industry Category 17.5 % Each Remaining Moody’s Industry Category 15 % 1 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. 2 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible Bifurcated First Lien Loan Obligors 5.0or 5%. 3 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Last Out Obligors 5.0% Aggregate Concentration Limits2 Eligible Bifurcated First Lien Loans and Eligible First Lien Last Out Loans 55% Eligible First Lien Last Out Loans 35% Loans with a Loan Rating of Caa1 or Below 25% Obligor EBITDA is less than $25,000,000, for the most recent four calendar quarters 15% Non-U.S. Obligor Domicile 10% Fixed Rate Loans 5.0% DIP Loans 5.0% PIK Loans 5.0% Eligible ESG Loan 5.0% Revolving Collateral Loan or Delayed Drawdown Collateral Loan 15% Loans that Pay Less Frequently than Quarterly 10% Moody’s Industry Category Concentration Limits3 Largest ▇▇▇▇▇’▇ Industry Category 20% 2nd Largest ▇▇▇▇▇’▇ Industry Category 17.5% Each Remaining ▇▇▇▇▇’▇ Industry Category 15% In addition to the foregoing, with respect to any Participation Interest, (i) 30 days following the Closing Date, not more than 0.0% consist of Participation Interests agented by TCW Asset Management Company LLC or an Affiliate thereof, (ii) 60 days following the Closing Date, not more than 33% of the Participation Interests acquired on the Closing Date have not been elevated to assignments and (iii) 90 days following the Closing Date, not more than 0.0% consist of Participation Interests5%.

Concentration Limits. Individual Obligor Concentration Limits1 Largest and 2nd Largest Eligible First Lien Loan Obligors 7.5% Remaining Eligible First Lien Loan Obligors 5.0% 1 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. 4136-0362-9413.10 Eligible Bifurcated First Lien Loan Obligors 5.0% Eligible First Lien Last Out Obligors 5.0% Obligors operating in a Prohibited Industry Category 0.0% Aggregate Concentration Limits2 Eligible Bifurcated First Lien Loans and Eligible First Lien Last Out Loans 55% Eligible First Lien Last Out Loans 35% Loans with a Loan Rating of Caa1 or Below 25% Obligor EBITDA is less than $25,000,000, for the most recent four calendar quarters 15% Non-U.S. Obligor Domicile 10% Fixed Rate Loans 5.0% DIP Loans 5.0% PIK Loans 5.0% Eligible ESG Loan 5.0% Revolving Collateral Loan or Delayed Drawdown Collateral Loan 15% Loans that Pay Less Frequently than Quarterly 10% Moody’s Industry Category Concentration Limits3 Largest ▇▇▇▇▇’▇ Industry Category 20% 2nd Largest ▇▇▇▇▇’▇ Industry Category 17.5% Each Remaining ▇▇▇▇▇’▇ Industry Category 15% In addition to the foregoing, with respect to any Participation Interest, (i) 30 days following the Closing Date, not more than 0.0% consist of Participation Interests agented by TCW Asset Management Company LLC or an Affiliate thereof, (ii) 60 days following the Closing Date, not more than 33% of the Participation Interests acquired on the Closing Date have not been elevated to assignments and (iii) 90 days following the Closing Date, not more than 0.0% consist of Participation Interests.

Concentration Limits. Individual Obligor Concentration Limits1 Largest and 2nd Largest Eligible First Lien Loan Obligors 7.5% Remaining Obligors Eligible First Lien Loan Obligors 5.0% 1 If there are multiple Loans to a single obligor, aggregate Adjusted Principal Amount will be subject to both the loan type Individual Concentration Limits and an aggregate applicable Obligor limit of 7.5% if one of the Loans is an Eligible First Lien Loan or 5%. Eligible Obligors Bifurcated First Lien Loan Obligors 5.0% Eligible First Lien Last Out Obligors 5.0% Aggregate Concentration Limits2 Eligible Bifurcated First Lien Loans and Eligible First Lien Last Out Loans 55% Eligible First Lien Last Out Loans 35% Loans with a Loan Rating of Caa1 or Below 25% Obligor EBITDA is less than $25,000,000, for the most recent four calendar quarters 15% Non-U.S. Obligor Domicile 10% Fixed Rate Loans 5.0% DIP Loans 5.0% PIK Loans 5.0% Eligible ESG Loan 5.0% Revolving Collateral Loan or Delayed Drawdown Collateral Loan 15% Loans that Pay Less Frequently than Quarterly 10% Moody’s Industry Category Concentration Limits3 Largest ▇▇▇▇▇’▇ Moody’s Industry Category 20% 2nd Largest ▇▇▇▇▇’▇ Moody’s Industry Category 17.5% Each Remaining ▇▇▇▇▇’▇ Moody’s Industry Category 15% In addition to the foregoing, with respect to any Participation Interest, (i) 30 days following the Closing Date, not more than 0.0% consist of Participation Interests agented by TCW Asset Management Company LLC or an Affiliate thereof, (ii) 60 days following the Closing Date, not more than 33% of the Participation Interests acquired on the Closing Date have not been elevated to assignments and (iii) 90 days following the Closing Date, not more than 0.0% consist of Participation Interests.