Dissolution and Liquidation of the Fund Clause Samples

Dissolution and Liquidation of the Fund. 23 10.1 Early Termination 23 10.2 Winding Up Procedures 24 10.3 Payments in Liquidation 25 ARTICLE 11 FINANCIAL ACCOUNTING, REPORTS, AND MEETINGS 25 11.1 Financial Accounting; Fiscal Year 25 11.2 Supervision; Inspection of Books 25 11.3 Reports; Financial Statements of the Fund 26 11.4 Tax Returns 26 11.5 Fund Representative 26 11.6 Fund Meetings 27 ARTICLE 12 VALUATION 27 12.1 Valuation. 27 ARTICLE 13 REGULATORY MATTERS 27 13.1 ERISA Matters 27 ARTICLE 14 DEFINITIONS 29 14.1 “Accounting Period” 29 14.2 “Adjusted Asset Value” 29 14.3 “Adjusted Capital Account Balance” 30 14.4 “Affiliate” 31 14.5 “Assignee” 31 14.6 “Bankruptcy” 31 14.7 [reserved] 31 14.8 ”Capital Contribution” 31 14.9 “Code” 31 14.10 [reserved] 31 14.11 Depreciation” 31 14.12 “Disability” 32 14.13 “Economic Interest” 32 14.14 “ERISA” 32 14.15 “Fair Value” 32 14.16 “Fund Percentage” 32 14.17 “Fund Regulatory Risk” 32 14.18 Invested Capital” 32 14.19 “Investment Advisers Act” 33 14.20 [reserved] 33 14.21 “Longer-Term Investment” 33 14.22 “Managing Member” 33 14.23 “Members” 33 14.24 “Percentage in Interest” 33 14.25 “Person” 33 14.26 “Plan Assets” 33 14.27 “Profit” 33 14.28 [reserved] 34 14.31 “Roll-Up Transaction” 34 14.32 “Securities” 34 14.33 “Securities Act” 35 14.34 “Tax Rate” 35 14.35 “Treasury Regulations” 35 14.36 “UBTI” 35 ARTICLE 15 OTHER PROVISIONS 35 15.1 Governing Law 35 15.2 Limitation of Liability of the Members 35 15.3 Exculpation 35 15.4 Indemnification 36 15.5 Arbitration 36 15.6 Execution and Filing of Documents 37 15.7 Other Instruments and Acts 37 15.8 Binding Agreement 37 15.9 Notices 37 15.10 Power of Attorney 38 15.11 Amendment 38 15.12 Entire Agreement 39 15.13 Titles; Subtitles 40 15.14 Pronouns 40 15.15 Fund Name 40 15.16 Non-Disparagement 40 15.17 Confidentiality of Fund Information 40 15.18 Liability for Third Party Reports 42 15.19 Legal Counsel 42 15.20 Parties In Interest 42 15.21 Disqualifying Events 42 15.22 Certain Roles of Construction 43 THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”) of OAK INSTITUTIONAL CREDIT SOLUTIONS, LLC , a Delaware limited liability company (the “Fund”), is made and entered into as of August , 2024 (the “Effective Date”), by and among OAK INSTITUTIONAL GP, LLC, a Delaware limited liability company (“Managing Member”), and each of those Persons listed as “Non- Managing Members” in the Fund’s books and records (the “Non-Managing Members”).