Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 149

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 149
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, be given any priority whatsoever as to the Pool Properties over any of their general creditors;
(e) sell, assign, pledge or otherwise transfer any accounts, contract rights, general intangibles, chattel paper or instruments, with or without recourse; or (f) incur or maintain any obligation to any holder of Indebtedness of any of such
Persons which prohibits the creation or maintenance of any lien securing the Obligations (collectively, “Liens”); that notwithstanding anything to the contrary contained herein, the Credit Parties may create or incur or
suffer to be created or incurred or to exist:

(i) Liens to secure taxes, assessments and other governmental
charges (excluding any Lien imposed pursuant to any of the provisions of ERISA) to the extent not required to be paid under §7.8 or claims for labor, material or supplies incurred in the ordinary course of business in respect of obligations not
overdue by more than 60 days or are being contested in good faith and by appropriate proceedings diligently conducted with adequate reserves being maintained by Borrower in accordance with GAAP or not otherwise required to be paid or discharged
under the terms of this Agreement or any of the other Loan Documents;

(ii) deposits or pledges made in
connection with, or to secure payment of, workers’ compensation, unemployment insurance, old age pensions or other social security obligations;

(iii) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and
appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business;

(iv) judgment liens
andon assets other than Collateral with respect tojudgments that do not constitute an Event of Default;

(v) Liens on assets other than
Collateral orPool Properties or Equity Interests of Borrower or a Pool Property Owner or the direct or indirect owner of an interest in Borrower or a Pool Property Owner securing Indebtedness which is permitted by(x)(x) ;

(vi) encumbrances on a Pool Property consisting of
easements, rights of way, zoning restrictions, restrictions on the use of real property and defects and irregularities in the title thereto, landlord’s or lessor’s liens under leases to which a Transaction Party is a party, purchase money
security interests and other liens or encumbrances, which do not individually or in the aggregate have a Material Adverse Effect; and

(vii) Liens in favor of