Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 179

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 179
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 Agent is to be repaid, each Person to whom any such distribution shall have been made shall either repay to the Agent its proportionate
share of the amount so adjudged to be repaid or shall pay over the same in such manner and to such Persons as shall be determined by such court.

§23.6 Holders of Notes. Subject to the terms of §18, the Agent may deem and treat the payee of any
Note as the absolute owner or purchaser thereof for all purposes hereof until it shall have been furnished in writing with a different name by such payee or by a subsequent holder, assignee or transferee.

§23.7 Indemnity. The Lenders ratably agree hereby to indemnify and hold harmless the Agent from and against
any and all claims, actions and suits (whether groundless or otherwise), losses, damages, costs, expenses (including any expenses for which the Agent has not been reimbursed by the Borrower as required by §15), and liabilities of every nature
and character arising out of or related to this Agreement, the Notes, or any of the other Loan Documents or the transactions contemplated or evidenced hereby or thereby, or the Agent’s actions taken hereunder or thereunder, except to the extent
that any of the same shall be directly caused by the Agent’s willful misconduct or gross negligence as finally determined by a court of competent jurisdiction after the expiration of all applicable appeal periods. The agreements in this
§14.7 shall survive the payment of all amounts payable under the Loan Documents.

§23.8 Agent as
Lender. In its individual capacity, KeyBank shall have the same obligations and the same rights, powers and privileges in respect to its Commitment and the Loans made by it, and as the holder of any of the Notes as it would have were it not
also the Agent.

104

§23.9 Resignation. The Agent may resign at any time by
giving thirty (30) calendar days’ prior written notice thereof to the Lenders and the Borrower. The Majority Lenders may remove the Agent from its capacity as Agent in the event of the Agent’s gross negligence or willful misconduct
(with the Commitment Percentage of the Lender which is acting as Agent shall not be taken into account in the calculation of Majority Lenders for the purposes of removing Agent in the event of the Agent’s willful misconduct or gross
negligence). Any such resignation or removal may at Agent’s option also constitute Agent