Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 155

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 155
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 whether the use and operation of any such Pool Property complies with all Environmental Laws to the extent required by the
Loan Documents. Additionally, at any time that the Agent or the Majority Lenders shall have reasonable and objective grounds to believe that a Release or threatened

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Release of Hazardous Substances may have occurred at or from any Pool Property which the owner or operator of such property would be obligated to contain, correct or otherwise remediate pursuant
to applicable Environmental Laws or which otherwise may expose such Person to liability under Environmental Laws, or that any of the Pool Property is not in compliance with Environmental Laws to the extent required by the Loan Documents, Borrower or
the Pool Property Owner shall promptly upon the request of Agent obtain and deliver to Agent such environmental assessments of such Pool Property prepared by an Environmental Engineer as may be reasonably necessary or advisable for the purpose of
evaluating or confirming (i) whether any Hazardous Substances are present in the soil or water at such Pool Property and (ii) whether the use and operation of such Pool Property complies with all Environmental Laws to the extent required
by the Loan Documents. Environmental assessments may include detailed visual inspections of such Pool Property including, without limitation, any and all storage areas, storage tanks, drains, dry wells and leaching areas, and the taking of soil
samples, as well as such other investigations or analyses as are reasonably necessary or appropriate for a complete determination of the compliance of such Pool Property and the use and operation thereof with all applicable Environmental Laws. All
reasonable expenses of environmental assessments contemplated by this §8.6 shall be at the sole cost and expense of the Credit Parties.

§17.7 Distributions. No Credit Party shall pay any Distribution to its partners, members or other owners or
shareholders (including, in each case, by way of a Division), except that (a) each of the REIT Guarantor, Borrower and its Subsidiaries shall be permitted to make Distributions in an amount not to exceed the minimum amount that would be
required to be distributed by the REIT Guarantor taking into account all other sources of net income in order to maintain its qualification as a real estate investment trust under the Code, to eliminate any U.S. federal income tax liability, and to
avoid the imposition of any excise tax for undistributed income, (b) provided no Default or Event of Default is then in existence, Distributions made by the REIT Guarantor to its equity holders, including in connection with the existing