AMENDMENT NO. 4 TO LOAN AND SERVICING AGREEMENT, dated as of June 4, 2020 (this Amendment), among GSO Stone Street LLC, a Delaware limited liability company (the Borrower), GSO Direct Lending Fund-D LP, as servicer (the Servicer) and equityholder (the Equityholder), Société Generale, as agent (the Agent), each Lender party hereto (each, a Lender and collectively, the Lenders), Citibank, N.A., as the collateral agent and collateral custodian (the Collateral Agent) and Virtus Group, LP, as the collateral administrator (the Collateral Administrator).
WHEREAS, the Borrower, the Collateral Agent, the Collateral Administrator, the Lenders and the Agent are party to the Loan and Servicing Agreement, dated as of October 11, 2018 (as amended, supplemented, amended and restated and otherwise modified from time to time, the Loan Agreement); and
WHEREAS, the Borrower, the Servicer, the Equityholder, the Agent, the Lenders, the Collateral Agent and the Collateral Administrator have agreed to amend the Loan Agreement in accordance with 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:
SECTION 1.1. Defined Terms. Terms used but not defined herein have the respective meanings given to such terms in the Loan Agreement.
SECTION 2.1. The definition of Applicable Margin in Section 1.1 of the Loan Agreement shall be amended by deleting it in its entirety and inserting the following in lieu thereof:
Applicable Margin means (a) on any date that is prior to the Second Amendment Effective Date (i) prior to the occurrence of any Event of Default, 2.00% per annum and (ii) on and after the occurrence of any Event of Default, 4.00%, (b) on and after the Second Amendment Effective Date but prior to the Fourth Amendment Effective Date, (i) prior to the occurrence of any Event of Default, 2.05% per annum and (ii) on and after the occurrence of any Event of Default, 4.05%, and (c) thereafter, (i) prior to the occurrence of any Event of Default, 2.25% per annum and (ii) on and after the occurrence of any Event of Default, 4.25%.