Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 55

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 55
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 that in determining said percentage at any given time, all then existing Defaulting Lenders will be disregarded and excluded and the Applicable Percentages of the
Lenders shall be redetermined for voting purposes only to exclude the Applicable Percentages of such Defaulting Lenders; that any time there are two (2) or more unaffiliated non-Defaulting Lenders hereunder, Required
Lenders shall mean at least two (2) unaffiliated non-Defaulting Lenders holding such Applicable Percentage.

Reserve Collateral Account. See §9.9(c).

Reserve Collateral Account Release Condition. Borrower’s delivery of a Compliance Certificate evidencing that the Pool Leverage Ratio is less than or equal to fifty percent (50%) and the Pool Debt Yield is greater than or equal to thirteen percent (13.00%) for the most recently ended fiscal quarter.

. An EEA Resolution Authority or, with respect to any UK Financial Institution, an UK
Resolution Authority.

30

. From time to time, an amount equal to
the lesser of (a) the Revolving Credit Commitments of all the Lenders minus the Revolving Credit Exposure then Outstanding, or (b) (i) the maximum amount of Total Loan Exposure which could be outstanding for the Borrower to remain in
compliance with §9.9(a) and §9.9(b) below, less (ii) the Total Loan Exposure then Outstanding.

. Revolving Credit Loans bearing interest calculated by reference to the Base
Rate.

. With respect to each Revolving Credit Lender, the amount set forth on
hereto as the amount of such Revolving Credit Lender’s Revolving Credit Commitment to make or maintain Revolving Credit Loans (other than Swing Loans) to the Borrower, (ii) to participate in Letters of Credit for the
account of the Borrower, and (iii) to participate in Swing Loans to the Borrower, as the same may be changed from time to time in accordance with the terms of this Agreement.

. With respect to each Revolving Credit Lender, the percentage set forth
on Schedule 1.1 hereto as such Revolving Credit Lender’s percentage of the Revolving Credit Commitments of all Revolving Credit Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement; provided that
if the Revolving Credit Commitments of the Revolving Credit Lenders have been terminated as provided in this Agreement, then the