Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 53

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 53
---
 Real Estate through the completion and delivery of Eligible Real Estate Qualification Documents.

. For any period and without duplication, all Distributions paid, declared but not yet paid
or otherwise due and payable during such period on Preferred Securities issued by any Credit Party. Preferred Dividends shall not include dividends or distributions (a) paid or payable solely in Equity Interests (other than Mandatorily
Redeemable Stock) of identical class payable to holders of such class of Equity Interests; (b) payable to any Credit Party; or (c) constituting or resulting in the redemption of Preferred Securities, other than scheduled redemptions not
constituting balloon, bullet or similar redemptions in full.

. With respect to any
Person, Equity Interests in such Person, which are entitled to preference or priority over any other Equity Interest in such Person in respect of the payment of dividends or distribution of assets upon liquidation or both.

. Such term shall have the meaning established within the definition of Applicable Margin.

. A prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may
be amended from time to time.

. Any of S&P, Moody’s, or Fitch.

. All real property at any time owned or leased (as lessee or sublessee) by Borrower or any of its
respective Subsidiaries or non wholly owned Affiliates, including, without limitation, the Pool Properties.

. The Agent, the Issuing Lender and any Lender.

. As of any date of determination, any Indebtedness (whether secured or unsecured) of a
Person other than Non-Recourse Indebtedness.

. See §18.2.

. City Office REIT, Inc.

29

. See §6.20(c)(iii).

Release Price. For (a) each Pool Property, (x) in the event of a refinancing of such Pool Property, the greater of (i) the Allocated Loan Amount for such Pool Property; (ii) 100% 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; and (iii) the Threshold Amount, and (y) in the event of a sale of the subject Pool Property, the greater of (i) 135% of the Allocated Loan Amount for such Pool Property; (ii) 100% of the net proceeds of such sale