Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 148

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 148
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idiary, with recourse to the Borrower or the REIT Guarantor limited to customary carve-outs and environmental indemnifications, in each case in compliance with covenants set forth in §9; and

(x)(xi)Secured Recourse Indebtedness of the REIT Guarantor or its Subsidiaries (so long as such Indebtedness is not incurred by any Pool Property Owner or secured by any direct or indirect Equity Interests thereof) in an aggregate amount not to exceed the amount permitted under §9.6.

Notwithstanding anything in this Agreement to the contrary, none of the Indebtedness described in §8.1 above shall have
any Collateral, anyof the Pool Properties or any interest therein or any direct ownership interest in any Pool Property Owner as collateral, a borrowing base, asset pool or any similar form of credit support for such Indebtedness (provided that the foregoing shall not preclude Subsidiaries of the REIT Guarantor (other than Borrower or a Pool Property Owner) to incur Indebtedness which would be prohibited by the terms of this §8.1 subject to compliance with the financial covenants set forth in §9).

§17.2 Restrictions on Liens, Etc. The Credit Parties will not, and will not permit the other Transaction
Parties to, (a) create or incur or suffer to be created or incurred or to exist any lien, security title, encumbrance, mortgage, pledge, negative pledge, charge, or other security interest of any kind upon the Pool Properties, the Equity
Interests in the Borrower or any Pool Property Owner, or any of the Transaction Parties’ material respective property or assets of any character whether now owned or hereafter acquired, or upon the income or profits therefrom; (b) transfer
any of their material property or assets or the income or profits therefrom for the purpose of subjecting the same to the payment of Indebtedness or performance of any other obligation in priority to payment of its general creditors;
(c) acquire, or agree or have an option to acquire, any property or assets upon conditional sale or other title retention or purchase money security agreement, device or arrangement; (d) suffer to exist for a period of more than thirty
(30) days after the same shall have been incurred any Indebtedness or claim or demand

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against any of them that if unpaid could by law or upon bankruptcy or insolvency, or otherwise