Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 81

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 81
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 Issuing Lender may approve) prior to the date upon which the requested Letter of Credit is to be issued. Each such Letter of Credit Request shall contain
(i) a statement as to the purpose for which such Letter of Credit shall be used (which purpose shall be in accordance with the terms of this Agreement), and (ii) a certification by an Authorized Officer or the chief financial or chief
accounting officer of Borrower that the Borrower is and will be in compliance with all covenants under the Loan Documents after giving effect to the issuance of such Letter of Credit. The Borrower shall further deliver to the Issuing Lender such
additional applications (which application as of the date hereof is in the form of attached hereto) and documents as the Issuing Lender may reasonably require, in conformity with the then standard practices of its letter of credit
department applicable to all or substantially all similarly situated Borrower, in connection with the issuance of such Letter of Credit; that in the event of any conflict, the terms of this Agreement shall control.

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(c) The Issuing Lender shall, subject to the conditions set
forth in this Agreement, issue the Letter of Credit on or before three (3) Business Days following receipt of the documents last due pursuant to §2.11(b). Each Letter of Credit shall be in form and substance reasonably satisfactory to the
Issuing Lender in its reasonable discretion.

(d) Upon the issuance of a Letter of Credit, each Revolving
Credit Lender shall be deemed to have purchased a participation therein from Issuing Lender in an amount equal to its respective Revolving Credit Commitment Percentage of the amount of such Letter of Credit. No Revolving Credit Lender’s
obligation to participate in a Letter of Credit shall be affected by any other Revolving Credit Lender’s failure to perform as required herein with respect to such Letter of Credit or any other Letter of Credit.

(e) Upon the issuance of each Letter of Credit and on each anniversary of such date of issuance until the final
expiration or termination of such Letter of Credit, the Borrower shall pay to the Issuing Lender for its own account, a Letter of Credit fronting fee with respect to each Letter of Credit, at a rate equal to the greater of (a) a fee of 0.125%,
computed on the face amount available to be drawn under such Letter of Credit, or (b) $500.00. In addition, the Borrowers shall pay to the Agent