Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 145

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 145
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but not less frequently than once each calendar quarter, unless otherwise approved by the Agent), whether in the form of dividends, distributions or otherwise, all profits, proceeds or other income relating to or arising from such
Subsidiaries’ use, operation, financing, refinancing, sale or other disposition of their respective assets and properties after (a) the payment by such Subsidiary of its debt service, operating expenses, capital improvements and leasing
commissions for such quarter and (b) the establishment of reasonable reserves for the payment of operating expenses not paid on at least a quarterly basis and capital improvements and tenant improvements to be made to such Subsidiary’s
assets and properties and other reasonable resources approved by such Subsidiary in the course of its business.

§16.18 Plan Assets. The Credit Parties will do, or cause to be done, all things necessary to ensure that none of the Pool
Properties will be deemed to be Plan Assets at any time.

§16.19 REIT Guarantor Covenants. Borrower shall cause the
REIT Guarantor to comply with the following covenants:

(a) the REIT Guarantor will not make or permit to be
made, by voluntary or involuntary means, any transfer or encumbrance of its interest in Borrower, or any dilution of its interest in Borrower, that would result in a Change of Control; and

(b) the REIT Guarantor shall not dissolve, liquidate or otherwise
wind-up its business, affairs or assets.

Nothing contained in this Agreement or the other Loan
Documents shall prohibit, limit or restrict the REIT Guarantor, as the general partner of the Borrower, from performing its obligations under the Partnership Agreement (including, without limitation, its obligations under Section 15.1 of the
Partnership Agreement), provided that such obligations do not result in a Change of Control and no payment shall be made in cash (other than from proceeds of equity raised by the REIT Guarantor) in connection with any redemption obligations if an
Event of Default shall be in existence.

§16.20 Pool Properties. At all times the Credit Parties shall use
commercially reasonable efforts to cause each other Transaction Party or the applicable tenant, to:

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(a) pay all real estate and personal property taxes,
assessments, water rates or sewer rents, ground rents, maintenance charges, impositions, and any other charges, including vault charges and license fees for the use of vaults, ch