Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 71

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 71
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 effect to such Swing Loan (i) no Default or Event of Default shall have occurred and be continuing; (ii) the aggregate Outstanding Revolving Credit Exposure shall not exceed
the Total Revolving Credit Commitment or the Borrowing Base Availabilityminus the Outstanding Term Loans, (iii) the aggregate Outstanding Total Loan Exposure shall not exceed the Total Commitment or the Borrowing Base Availability, (iv) such Swing Loan would not cause a violation of the financial covenants set forth in §9 (calculated on a pro forma basis after giving effect to the proposed Swing Loan and the application of the proceeds in connection with any permitted transaction undertaken in connection therewith), (v) the Outstanding Swing Loans shall not be in excess of the Swing Loan Commitment, (vi) no Revolving Credit Lender is a Defaulting Lender, unless the Swing Loan Lender has entered into arrangements, including the delivery of cash collateral, satisfactory to the Swing Loan Lender (in its sole discretion) with the Borrowers or such Defaulting Lender to eliminate the Swing Loan Lender’s actual or potential Fronting Exposure with respect to the Defaulting Lender arising from either the Swing Loan then proposed to be made or that Swing Loan and all other Swing Loans as to which the Swing Loan Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion and (vii) the conditions set forth in §10 and §11 have been satisfied both on the date of the request and at the time that the Advance is to be made. The funding of a Swing Loan hereunder shall constitute a representation and warranty by the Borrower that all of the conditions set forth in §10 and §11 have been satisfied on the date of such funding (or if such condition is required to have been satisfied only as of the Closing Date, that such condition was satisfied as of the Closing Date). The Swing Loan Lender may assume that the conditions in §10 and §11 have been satisfied unless Swing Loan Lender has received written notice from a Revolving Credit Lender that such conditions have not been satisfied. Each Swing Loan shall be due and payable upon the earlier of demand by the Agent or within ten (10) Business Days of the date such Swing Loan was provided and Borrower hereby agrees to the extent not repaid as contemplated by §2.6(d) below) to repay each Swing

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Loan on or before the earlier of the date that is ten (10) Business Days from the date such Swing Loan was provided or demand