Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 162

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 162
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 Propertiesthat are subject to a ground lease shall not comprise in excess of 50% of the Total Pool Value at any time, with any excess being excluded from Total Pool Value.. At no time shall the Crossroads Property be the sole Pool Property, unless the Occupancy Ratio of the Crossroads Property equals or exceeds eighty five percent (85%).

§19. CLOSING CONDITIONS. The obligation of the Lenders to make the initial Loans or to initially include any Real Estate in
the Pool Properties shall be subject to the satisfaction of the following conditions precedent:

§19.1 Loan
Documents. Each of the Loan Documents shall have been duly executed and delivered by the respective parties thereto and shall be in full force and effect. The Agent shall have received a fully executed counterpart of each such document.

§19.2 Certified Copies of Organizational Documents. The Agent shall have received from each Credit Party a
copy, certified as of a recent date by the appropriate officer of each State in which such Person is organized and in which the Pool Properties are located and a duly authorized officer, partner or member of such Person, as applicable, to be true
and complete, of the partnership agreement, corporate charter or operating agreement and/or other organizational agreements of such Credit Party, as applicable, and its qualification to do business, as applicable, as in effect on such date of
certification.

§19.3 Resolutions. All action on the part of each Credit Party, as applicable,
necessary for the valid execution, delivery and performance by such Person of this Agreement and the other Loan Documents to which such Person is or is to become a party shall have been duly and effectively taken, and evidence thereof reasonably
satisfactory to the Agent shall have been provided to the Agent.

§19.4 Incumbency Certificate; Authorized
Signers. The Agent shall have received from each Credit Party an incumbency certificate, dated as of the Closing Date, signed by a duly authorized officer of such Person and giving the name and bearing a specimen signature of each individual
who shall be authorized to sign, in the name and on behalf of such Person, each of the Loan Documents to which such Person is or is to become a party. The Agent shall have also received from each Credit Party a certificate, dated as of the Closing
Date, signed by a duly authorized representative of such Credit Party and giving the name and specimen signature of each Authorized Officer who shall be authorized to make Loan Requests and Conversion/Continuation Requests and to give notices and to