Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 146

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 146
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utes and similar areas adjoining any Pool Property, now or hereafter
levied or assessed or imposed against any Pool Property or any part thereof (except those which are being contested in good faith by appropriate proceedings diligently conducted where the failure to pay any of the foregoing could reasonably be
expected to have a Material Adverse Effect).

(b) promptly pay (or cause to be paid) when due all bills and
costs for labor, materials, and specifically fabricated materials incurred in connection with any Pool Property (except those which are being contested in good faith by appropriate proceedings diligently conducted where the failure to pay any of the
foregoing could reasonably be expected to have a Material Adverse Effect), and in any event never permit to be created or exist in respect of any Pool Property or any part thereof any other or additional Lien or security interest other than Liens
permitted hereunder.

(c) operate the Pool Properties in a good and workmanlike manner and in all material
respects in accordance with all Legal Requirements in accordance with such Borrower’s or Subsidiary’s prudent business judgment, except where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

§16.21 REIT Guarantor Status. The Equity Interests of the REIT Guarantor shall at all times be publicly traded on the New
York Stock Exchange, or some other comparable stock exchange approved by Agent. The REIT Guarantor shall at all times comply with all requirements of applicable laws necessary to maintain its status as a real estate investment trust under the Code,
shall elect to be treated as a real estate investment trust and shall operate its business in compliance with the terms and conditions of this Agreement applicable to the REIT Guarantor and the other Loan Documents to which it is a party.

§17. NEGATIVE COVENANTS. The Borrower covenants and agrees that, so long as any Loan or Note is outstanding or any of the
Lenders has any obligation to make any Loans:

§17.1 Restrictions on Indebtedness. The Credit Parties
will not, and will not permit their Subsidiaries to, create, incur, assume, guarantee or be or remain liable, contingently or otherwise, with respect to any Indebtedness other than:

(i) Indebtedness to the Lenders arising under any of the Loan Documents and Hedge Obligations to a Lender Hedge
Provider;

(ii) current liabilities of the Borrower or its Subsidiaries incurred in the ordinary