Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 172

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 172
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 such as interest, principal, fees and expenses shall be made among the Lenders, pro rata; and
(iii) Obligations owing to the Lender Hedge Providers with respect to Lender Hedge Obligations shall be made among the Lender Hedge Providers, pro rata; and , that the Majority Lenders may in their discretion make
proper allowance to take into account any Obligations not then due and payable:

(i) To any other fees and
expenses due to the Lenders or the Issuing Lender until paid in full;

(ii) to the payment of interest on
all Swing Loans until paid in full;

(iii) to payment of interest on all other Loans and Letter of Credit
Liabilities, for the ratable benefit of the Lenders and the Issuing Lender, until paid in full;

(iv) to the
payment of all principal of Swing Loans until paid in full;

(v) payments of principal of all other Loans
and Letter of Credit Liabilities, to be paid to the Lenders and the Issuing Lender equally and ratably in accordance with the respective amounts thereof then due and owing to such Persons until paid in full; , however, to the extent
that any amounts available for distribution pursuant to this subsection are attributable to the issued but undrawn amount of an outstanding Letter of Credit, such amounts shall be paid to the Agent to be held as cash collateral; and

(vi) to any Hedge Obligations owed to the Lender Hedge Providers, pro rata;

(vii) to payment of all other amounts due under any of the Loan Documents to be applied for the ratable benefit
of the Agent, the Issuing Lender and/or the Lenders until paid in full; and

(c) Third, the excess, if any,
shall be returned to the Borrower or to such other Persons as are entitled thereto.

100

§21.6 Remedies in Respect of Hedge Obligations.
Notwithstanding any other provision of this Agreement or other Loan Document, each Lender Hedge Provider shall have the right, with prompt notice to the Agent, but without the approval or consent of or other action by the Agent, the Issuing Lender
or the Lenders, and without limitation of other remedies available to such Lender Hedge Provider under contract or other Legal Requirements, to undertake any of the following: (a) to declare an event of default, termination event or other
similar event under any Hedge Obligation and to create an “Early