Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 157

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 157
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 initiate or permit any zoning reclassification of any Pool Property or seek any variance under existing zoning ordinances applicable to any Pool
Property or in any event use or knowingly permit the use of any Pool Property in such a manner which would result in such use becoming a nonconforming use under applicable zoning ordinances or other Legal Requirements if such nonconforming use would
reasonably be expected to have a Material Adverse Effect;

(c) without the prior written consent of Agent
(which consent shall not be unreasonably withheld, conditioned or delayed), except in connection with any construction, development or redevelopment of any real estate, (i) impose any material easement, restrictive covenant, or encumbrance upon
any Pool Property, other than the easements entered into the ordinary course of business and that would customarily be agreed to by a reasonably prudent land owner, (ii) execute or file any subdivision plat or condominium declaration affecting
any Pool Property, or (iii) consent to the annexation of any Pool Property to any municipality;

(d) do
any act, by any Transaction Party which would reasonably be expected to materially decrease the value of any Pool Property as reflected in the most-recent Appraisal (including by way of negligent act);

(e) without the prior written consent of all the Lenders (which consent shall not be unreasonably withheld,
conditioned or delayed), take any affirmative action to permit any drilling or exploration for or extraction, removal or production of any mineral, hydrocarbon, gas, natural element, compound or substance (including sand and gravel) from the surface
or subsurface of any Pool Property regardless of the depth thereof or the method of mining or extraction thereof; or

(f) without the prior consent of the Lenders (which consent shall not be unreasonably withheld, conditioned or
delayed), surrender the leasehold estate created by any applicable Eligible Ground Lease (accepted by the Agent and the Lenders) respecting a Pool Property or terminate or cancel any such Eligible Ground Lease or materially modify, change,
supplement, alter, or amend any such Eligible Ground Lease, either orally or in writing.

§17.10 Restriction on
Prepayment of Indebtedness. The Credit Parties will not, and will not permit the other Transaction Parties to (a) voluntarily prepay, redeem, defease, purchase or otherwise retire the principal amount, in whole or in part, of any material
Indebtedness other than the Obligations and the Hedge Obligations after the occurrence