Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 158

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 158
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 and continuance of any Event of Default; , that the foregoing shall not prohibit (x) the prepayment of Indebtedness which is financed
primarily from the proceeds of a new loan or external equity which would otherwise be permitted by the terms of §8.1; and (y) the prepayment, redemption, defeasance or other retirement of the principal of Indebtedness secured by Real
Estate and permitted hereunder which is satisfied primarily from the proceeds of a sale of the Real Estate securing such Indebtedness or external equity; and (b) modify any document evidencing any material Indebtedness (other than the
Obligations) to accelerate the maturity date of such Indebtedness after the occurrence and continuance of an Event of Default.

§17.11 Derivatives Contracts. No Credit Party shall contract, create, incur, assume or suffer to exist any Derivatives
Contracts except for Derivative Contracts made in the ordinary course of business and not prohibited pursuant to §8.1 which are not secured by the Pool Properties or any portion of the security granted to the Agent under any of the Loan
Documents (other than Hedge Obligations).

91

§17.12 Transactions with Affiliates. No Credit Party shall, nor
shall it permit any other Transaction Party to, permit to exist or enter into any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate (but not including any Subsidiary of
Borrower), except (i) RESERVED, (ii) transactions set forth on attached hereto, (iii) transactions pursuant to the reasonable requirements of the business of such Person and upon fair and reasonable terms which
are no less favorable to such Person than would be obtained in a comparable arm’s length transaction with a Person that is not an Affiliate and (iv) distributions permitted under §8.7.

§17.13 Management Fees. The Credit Parties shall not pay, and shall not permit to be paid, any property management,
advisory or acquisition fees or other payments under any Management Agreement for any Pool Property to any Person that is an Affiliate of the Credit Parties in the event that a Default or Event of Default shall have occurred and be continuing;
that such fees may continue to accrue while such Default or Event of Default is in existence and be paid at such time as no Default or Event of Default is in existence.

§17.14 Changes to Organ