Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 41

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 41
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 acceptances, and (k) all currently payable obligations of such
Person with respect to any Hedge Obligations (calculated on a mark-to-market basis as of the applicable reporting date). The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such
Person is a general partner) to the extent such Person is liable therefore as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person
is not liable therefor. Indebtedness shall be calculated on a consolidated basis in accordance with GAAP (unless otherwise indicated herein), and including (without duplication) the Equity Percentage of Indebtedness for the REIT Guarantor’s non
wholly owned Affiliates.

. (a) Taxes, other than Excluded Taxes, imposed on or with respect
to any payment made by or on account of any obligation of the Borrower or any Guarantor under any Loan Document and (b) to the extent not otherwise described in the immediately preceding clause (a), Other Taxes.

. All paid, accrued or capitalized interest expense on such Person’s Indebtedness (whether direct,
indirect or contingent, and including, without limitation, interest on all convertible debt), and including (without duplication) the Equity Percentage of Interest Expense for the REIT Guarantor’s non wholly owned Affiliates. For the avoidance of doubt,all net payments received from interest hedging counterparties under any Derivatives Contract shall be netted from the calculation of Interest Expense, and all such payments made to interest rate hedging counterparties under any Derivatives Contractshall be included in thecalculation of Interest Expense.

. As to each Loan, the first day of each calendar quarter.

. With respect to each Term SOFR Loan, a period of one, three or six months (subject to availability of
all Lenders) as selected by the Borrower; , however, that (i) the initial Interest Period for any Term SOFR Loan shall commence on the Drawdown Date of such Term SOFR Loan and each Interest Period occurring thereafter in respect
of such Term SOFR Loan shall commence on the day on which the next preceding Interest Period expires; (ii) if any Interest Period begins on a day for which there is no numerically corresponding day in the calendar month at the end of such
Interest Period, such Interest Period shall end on the last Business Day