EXTENSION REQUEST (this "Extension Request"), dated as of March 16, 1994, made by MERRILL
LYNCH SENIOR FLOATING RATE FUND, INC., a Maryland corporation (formerly known as Merrill
Lynch Prime Fund, Inc. and hereinafter referred to as the "Borrower"), pursuant to the Credit Agreement, dated
as of March 23, 1992, between the Borrower and THE BANK OF NEW YORK (the "Bank"), as
amended by Amendment No. 1, dated as of June 3, 1992, Amendment No. 2, dated as of September 11, 1992,
Amendment No. 3, dated as of March 17, 1993 and Amendment No. 4, dated as of December 16, 1993 (as so
amended, the "Agreement").
A. Capitalized terms used herein which are not defined herein and which are defined in the Agreement shall have
the same meanings as therein defined.
B. Paragraph 2.10 of the Agreement provides that so long as no Default or Event of Default exists, the Borrower
may request that the Termination Date be extended for a period of 360 days from and including the date of the
Bank's consent to such Extension Request.
C. The Termination Date (without giving effect to the extension requested hereby) is March 16, 1994.
D. The Borrower desires that the Termination Date be extended for an additional period of 360 days and the
Bank desires to consent thereto.
In consideration of the premises, and the terms and conditions herein contained and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
1. Pursuant to paragraph 2.10 of the Agreement, the Borrower hereby requests that the Termination Date be
extended for an additional period of 360 days from the date hereof to March 10, 1995.
2. The Borrower hereby represents and warrants to the Bank
(a) that there exists no Default or Event of Default and (b) effective March 8, 1994, it changed its name to Merrill
Lynch Senior Floating Rate Fund, Inc.
3. The Bank, by signing below, hereby consents to this Extension R