Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 117

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 117
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 Property Owner from the Guaranty and release the Equity Interests from the lien of the Pledge Agreements and terminate the Pledge Agreements, the financing statements filed by Agent with respect to the Obligations and the other documents and agreements pursuant to which the Equity Interests were made Collateral for the Loanupon receipt by the Agent of a certificate from an officer of the Borrower certifying that such Pool Property Owner has not created, incurred, acquired, assumed, suffered to exist and is not otherwise liable (whether as a borrower, co-borrower, guarantor or otherwise) with respect to any Indebtedness that is Recourse Indebtedness or Unsecured Indebtedness (or simultaneously with the release hereunder will be released from liability with respect to such Indebtedness). In the event that at any time after the Subsidiary Guarantors have been released from the Guaranty or from their obligation to become a Subsidiary Guarantor pursuant to this Sectionand the Pledge Agreements have been released, such Pool Property Owner becomes obligated on any Unsecured Indebtedness or other Recourse Indebtedness or the REIT Guarantor or Borrower cease to have an Investment Grade Rating, the Borrower shall within ten (10) Business Days (or such later date as agreed by the Agent) after such occurrence cause such Pool Property Owner required to become a Subsidiary Guarantor under§5.4§5.4of this Agreementand shall reinstate the Pledge Agreements and related Security Documents granting the Collateral andto execute and deliver the documents required in said§5.4§5.4. Notwithstanding the foregoing, the foregoing provisions shall not apply to the REIT Guarantor, which may only be released upon the written approval of the Agent and all of the Lenders.

§14.6Release of CollateralUpon the refinancing or repayment of the Obligations in full, then the Agent shall release the Collateral from the lien and security interest of the Security Documents and release the Borrowers and Guarantors from their obligations under the Loan Documents; provided that Agent has not received a notice from the “Representative” (as defined in §14.17) or the holder of the Hedge Obligations that any Hedge Obligation is then due and payable to the holder thereof.

§15. REPRESENTATIONS AND WARRANTIES . The Borrower represents and warrants to the Agent and the Lenders as follows, each as of the