Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 42

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 42
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 of such calendar month; (iii) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding
Business Day; , however, that if any Interest Period would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such

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month, such Interest Period shall expire on the next preceding Business Day; (iv) no Interest Period for any Term SOFR Loan may be selected that would end after the applicable Maturity Date,
as the case may be; and (v) if, upon the expiration of any Interest Period, the Borrower has failed to (or may not) elect a new Interest Period to be applicable to the respective Term SOFR Loans as provided above, the Borrower shall be deemed
to have elected a continuation of the affected Term SOFR Loans as a Term SOFR Loan for an Interest Period of one month as of the expiration date of such current Interest Period.

. A Debt Rating of BBB- or better from S&P or Fitch, or Baa3 or better from
Moody’s.

. At any time after the Borrower or REIT Guarantor has received an
Investment Grade Rating from either S&P or Moody’s, the date specified by the Borrower in a written notice to the Agent and the Lenders as the date on which Borrower irrevocably elects to have the Applicable Margin determined based on the
Borrower’s or REIT Guarantor’s Credit Rating; provided that no Event of Default shall exist on the date of such notice or the specified Investment Grade Pricing Date.

. With respect to any Person, all shares of capital stock, evidences of Indebtedness and other
securities issued by any other Person and owned by such Person, all loans, advances, or extensions of credit to, or contributions to the capital of, any other Person, all purchases of the securities or business or integral part of the business of
any other Person and commitments and options to make such purchases, all interests in real property, and all other investments; , , that the term “Investment” shall not include (i) equipment, inventory and
other tangible personal property acquired in the ordinary course of business, or (ii) current trade and customer accounts receivable for services rendered in the ordinary course of business and payable in accordance with customary trade terms.
In determining the aggregate amount of Investments outstanding at any particular time