REVOLVING PROMISSORY NOTE
FOR VALUE RECEIVED, OWL ROCK CAPITAL CORPORATION III, a Maryland corporation (Borrower), promises to pay to the order of Owl Rock Feeder FIC BDC III LLC, a Delaware limited liability company (Lender), at the time and in the manner set forth in that certain Loan Agreement, dated September 13, 2021 (as the same may be further amended, modified, supplemented, extended or restated from time to time, (the Loan Agreement), at its principal place of business located at 399 Park Avenue, 38th Floor, New York, New York 10022, the principal sum of $250,000,000 (two hundred and fifty million dollars), or such lesser amount as may be advanced hereunder from time to time, together with interest on the unpaid principal balance hereof at the rate or rates provided for in the Loan Agreement.
This note is given for one or more advances to be made by the Lender to the Borrower to pursuant to the Loan Agreement, all of the terms and provisions of which are hereby incorporated by reference. Advances, accrued interest and payments shall be posted by the Lender and the Borrower on Schedule A hereto, which shall constitute prima facie evidence of the outstanding principal and interest on the advances. Any amount of principal hereof which is not paid when due, whether at stated maturity, by acceleration or otherwise, shall bear interest from the date when due until said principal amount is paid in full, payable on demand, at a rate per annum set forth in the Loan Agreement.
Except as otherwise expressly provided herein, Borrower waives presentment, protest and demand, notice of protest, demand and dishonor and nonpayment of this Note, without in any way affecting the liability of Borrower to this Note.
If any provision of this Note is invalid or unenforceable, the other provisions of this Note shall remain in full force and effect, and the invalidity of any provision hereof shall not affect the validity or enforceability of any other provision of this Note.
This Note shall be governed by, and construed and enforced in accordance with, the laws of the State of New York.
This Note shall be binding upon and inure to the benefit of Lender and Borrower and their respective successors and assigns.
IN WITNESS WHEREOF, Borrower has caused this Note to be executed as of ___, 202_.
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|Owl Rock Capital Corporation III|
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|Title: || ||Chief Financial Officer|