ORA-07274: spdcr: access error, access to oracle denied

So today, during the upgrade of a database, all other databases using the same ORACLE_HOME stopped dead in their tracks. The ALERT log reported the following:

2014-09-30 13:34:41.622000 +02:00
Archived Log entry 24398 added for thread 1 sequence 24398 ID 0x2d91d796 dest 1:
2014-09-30 13:47:39.764000 +02:00
Errors in file /u00/app/oracle/diag/rdbms/kdb12345/kdb12345/trace/kdb12345_psp0_57147560.trc:
ORA-07274: spdcr: access error, access to oracle denied.
IBM AIX RISC System/6000 Error: 2: No such file or directory
PSP0 (ospid: 57147560): terminating the instance due to error 7274
2014-09-30 13:47:41.346000 +02:00
System state dump requested by (instance=1, osid=57147560 (PSP0)), summary=[abnormal instance termination].
System State dumped to trace file /u00/app/oracle/diag/rdbms/kdb12345/KDB12345/trace/KDB12345_diag_49938448_20140930134741.trc
2014-09-30 13:47:44.779000 +02:00
Instance terminated by PSP0, pid = 57147560

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