Migration fails when migrating applications with PVC from OCP 3 cluster to OCP 4 using MTC

Issue

• Unable to migrate applications with PVC and getting an error:

openshift-migration migration-controller-7f64fd8b66-snfrf mtc {"level":"info","ts":1661850785.0753064,"logger":"migration","msg":"[RUN] (Step 25/38) Ensuring Velero has latest Replication Repository storage credentials.","migMigration":"stage-bd4ba","phase":"EnsureCloudSecretPropagated"}
openshift-migration migration-controller-7f64fd8b66-snfrf mtc {"level":"info","ts":1661850785.0825632,"logger":"migration","msg":"No velero pods found on MigCluster while checking for Velero cloud secret propagation.","migMigration":"stage-bd4ba","phase":"EnsureCloudSecretPropagated","migCluster":"openshift-migration/muc5"}
openshift-migration migration-controller-7f64fd8b66-snfrf mtc {"level":"info","ts":1661850785.0826075,"logger":"migration","msg":"Cloud secret has propagated to Velero Pod on [0/2] clusters. Waiting.","migMigration":"stage-bd4ba","phase":"EnsureCloudSecretPropagated"}