JOINDER AGREEMENT
Exhibit 10.12
Execution Version
JOINDER AGREEMENT dated as of February 4, 2022 by STATE STREET BANK AND TRUST COMPANY (the “Assuming Lender”), in favor of North Haven Private Income Fund LLC, a Delaware limited liability company (the “Borrower”), and ING Capital LLC, as administrative agent under the Credit Agreement referred to below (in such capacity, together with its successors in such capacity, the “Administrative Agent”).
The Borrower, the Lenders from time to time party thereto and the Administrative Agent are parties to a Senior Secured Revolving Credit Agreement, dated as of February 1, 2022 (as amended by that certain Amendment No. 1 to Senior Secured Revolving Credit Agreement, dated as of February 4, 2022, and as further amended, supplemented or otherwise modified and in effect from time to time, the “Credit Agreement”).
Pursuant to Section 2.08(e) of the Credit Agreement, the Assuming Lender hereby agrees to (and does hereby) become a “Lender” under and for all purposes of the Credit Agreement with a Commitment as set forth in Schedule I hereto. Without limiting the foregoing, the Assuming Lender hereby agrees to be bound by and comply with all of the terms and provisions of the Credit Agreement applicable to it as a “Lender” thereunder.
The terms and provisions of any new Loans issued by the Assuming Lender, and the new Commitment described herein, shall be identical to the terms and provisions of Loans of the applicable Class issued by, and the Commitments of the applicable Class of, the Lenders immediately prior to the date hereof.
Sections 9.06, 9.09 and 9.10 of the Credit Agreement apply to this Joinder Agreement mutatis mutandis.
IN WITNESS WHEREOF, the Assuming Lender has caused this Joinder Agreement to be duly executed and delivered as of the day and year first above written.
STATE STREET BANK AND TRUST COMPANY
| By: | /s/ Xxxx Xxxxxxx |
Name: Xxxx Xxxxxxx
Title: Vice President
Accepted and agreed:
NORTH HAVEN PRIVATE INCOME FUND LLC
| By: | /s/ Xxxx Xxxxx |
Name: Xxxx Xxxxx
Title: Chief Financial Officer
ING CAPITAL LLC,
as Administrative Agent and an Issuing Bank
| By: | /s/ Xxxxxxx Xxxxxx |
Name: Xxxxxxx Xxxxxx
Title: Managing Director
| By: | /s/ Xxxxx Xx |
Name: Xxxxx Xx
Title: Managing Director
Schedule I
COMMITMENTS
| Lender | Dollar Commitment | Multicurrency Commitment |
|
Aggregate Commitment | ||||||
| State Street Bank and Trust Company | N/A | $ | 100,000,000.00 | $ | 100,000,000.00 |
