Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 54

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 54
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 (calculated based upon the gross proceeds less customary and reasonable closing costs, less any amount that is being utilized for a 1031 tax exchange or other tax distributions in connection with such sale, based on details provided by Borrower to Agent and approved by Agent in its reasonable discretion); and (iii) the Threshold Amount, and (b) for each non-Pool Property (i) with respect to a sale of any non-Pool Property, 55% of the net proceeds (calculated net of reasonable and customary closing costs and repayment of any indebtedness secured by such Real Estate, and after establishing any Section 1031 tax exchange deposits required to defer gain realized on such sale or making such distributions of sale proceeds as maybe required to preserve the REIT Guarantor’s status as a real estate investment trust under the Code) of any sale of such non-Pool Property, and (ii) with respect to a refinancing of any non-Pool Property, 55% of the net proceeds (calculated based upon the gross proceeds less customary any reasonable closing costs in connection with such refinancing) of such new loan, which net proceeds in each case shall be promptly distributed to Borrower by the applicable Subsidiary that owns or owned such Real Estate upon the closing of such sale or refinancing.

. The Federal Reserve Board or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board or the Federal Reserve Bank of New York, or any successor thereto.

. A report prepared by the Borrower showing for each Pool Property owned or leased by Borrower or
another Pool Property Owner, its occupancy, tenants, lease expiration dates, lease rent and other information in substantially the form presented to Agent on or prior to the date hereof.

. As of any date, the Lender or Lenders having equal to or greater than sixty-six and 2/3
percent (66.67%) of the Total Commitment or, if the Commitment of each Lender to make Loans, the commitment of the Swing Loan Lender to make Swing Loans, and the obligation of the Issuing Bank to issue Letters of Credit have been terminated
pursuant to the terms hereof, Lenders holding in the aggregate equal to or greater than sixty-six and 2/3 percent (66.67%) of the Obligations (including the aggregate amount of each Revolving Credit Lender’s risk participation and funded
participation in Letter of Credit Liabilities and Swing Loans);