Waiver Letter Agreement dated October 29, 2024 between Antares Strategic Credit Fund and Antares Capital Credit Advisers LLC

Contract Categories: Business Finance - Credit Agreements
EX-10.1 2 ck0001993402-ex10_1.htm EX-10.1 EX-10.1

 

Antares Strategic Credit Fund

500 West Monroe Street

Chicago, Illinois 60661

 

Re: Waiver of Certain Advisory Fees under the Investment Advisory Agreement between Antares Capital Credit Advisers LLC and Antares Strategic Credit Fund

 

This waiver letter agreement (this "Waiver Letter") to the Investment Advisory Agreement, dated as of January 22, 2024 (as may be amended and/or restated from time to time, the "Agreement"), between Antares Capital Credit Advisers LLC, a Delaware limited liability company (the "Adviser"), and Antares Strategic Credit Fund, a Delaware statutory trust (the "Fund"), is made as of the 29th day of October, 2024. Capitalized terms used but not defined herein have the meanings ascribed to them in the Agreement.

 

Pursuant to this Waiver Letter, the Adviser hereby irrevocably waives, which may be effected by a rebate or otherwise, (i) fifty percent (50%) of any base management fee due from the Fund to the Adviser under Section 5(a) of the Agreement and (ii) fifty percent (50%) of any incentive fee from the Fund to the Adviser under Section 5(b) of the Agreement, for the period from October 1, 2024 through December 31, 2024.

 

This Waiver Letter and the rights and obligations of the parties hereto shall be governed by, and construed and enforced in accordance with, the laws of the State of New York without regard to the choice of law or conflicts of law principles thereof that would result in the application of the law of any other jurisdiction. For so long as the Fund is regulated as a business development company under the 1940 Act, this Waiver Letter shall also be construed in accordance with the applicable provisions of the 1940 Act and the Investment Advisers Act of 1940, as amended (the "Advisers Act"), in such case, to the extent the applicable laws of the State of New York or any of the provisions herein conflict with the provisions of the 1940 Act or the Advisers Act, the 1940 Act and the Advisers Act shall control.

 

This Waiver Letter may be executed in counterparts, each of which shall be deemed to be an original copy and all of which together shall constitute one and the same instrument binding on all parties hereto, notwithstanding that all parties shall not have signed the same counterpart.

 

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Very truly yours,

 

ANTARES CAPITAL CREDIT ADVISERS LLC.

 

By: /s/ Tyler Lindblad

Name: Tyler Lindblad

Title: Authorized Signer

 

By: /s/ Vivek Mathew

Name: Vivek Mathew

Title: Authorized Signer


 

Acknowledged and Agreed:

ANTARES STRATEGIC CREDIT FUND

By: /s/ Venugopal Rathi

Name: Venugopal Rathi

Title: Authorized Signer