Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 63

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 63
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 Equivalents (valued at fair market value). As used in this definition,
“Unrestricted” means the specified asset is not subject to any escrow, reserves or Liens or similar claims of any kind in favor of any Person (other than any statutory right of set off) and is readily available for use by such first Person
in its discretion.

. Collectively, all Indebtedness of Borrower, REIT Guarantor or their
direct or indirect Subsidiaries, which is not Secured Debt, including, without limitation, the Obligations.

. A per annum rate equal to (a) 0.25% per annum on the actual daily unused amount of the Total Revolving Credit Commitment of such Lender if usage is less than or equal to 50%, and (b) at 0.15% per annum on the
actual daily unused amount of the Total Revolving Credit Commitment of such Lender if usage is greater than 50%.

. As of any date of calculation:

(a) For each operating Real Estate (including any Pool Property) (i) if such Real Estate has been owned by the Borrower
or its Subsidiaries for less than eighteen (18) months as of such date, undepreciated cost basis of such Real Estate as of such date and (ii) otherwise, the Net Operating Income from such Real

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Estate for the immediately preceding quarter, annualized, then divided by the Capitalization Rate applicable to such Real Estate; or

(b) For Real Estate that is under construction or development for which no certificate of occupancy has been
issued, the undepreciated cost basis thereof;

(c) For each unimproved land parcel, the undepreciated cost
basis thereof;
andor

(d) For each mortgage loan investment, the lower of cost basis
or face value thereof.

. As to Borrower, any Subsidiary of Borrower that is directly
or indirectly owned 100% by Borrower.

. Any Credit Party and the Agent.

. (a) With respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with
respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify