Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 92

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 92
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 there shall become absolutely due and payable on the Term Maturity Date all of the Term Loans outstanding on such date, together with any and all accrued and unpaid interest thereon. The Borrower promises to payeach Swing Loan on the earlier of (i) ten (10) Business Days of the date such Swing Loan was provided and (ii) the Revolving Credit Maturity Date, together with any and all accrued and unpaid interest thereon.

§12.2 Mandatory Prepayments.

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.If at any time (a) the aggregate Revolving Credit Exposure exceeds (i) the Total Revolving Credit Commitment or (ii) the sum of the Borrowing Base Availabilityminus the Outstanding Term Loans, or (b) the Total Loan Exposure exceeds (i) the Total Commitment or (ii) the Borrowing Base Availability, then the Borrower shall, within ten (10) Business Days after receipt of notice from Agent of such occurrence pay the amount of such excess to the Agent for the respective accounts of the Lenders, as applicable, together with any additional amounts payable pursuant to §4.8, for application to the Revolving Credit Exposure as provided in §3.4and then ratably to the Term Loans in accordance with the provisions hereof (as amended by any applicable Term Loan Amendment).

Upon the closing of each of the second and third phases of the Phoenix Transaction, the Borrower shall prepay the Loans in an amount equal to 100% of the net proceeds from each such sale (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 discretion). Prepayments pursuant to this §3.2(b) shall be applied, first to the principal of Base Rate Loans, then to the principal of Daily Simple SOFR Loans, and then to the principal of Term SOFR Loans. On the Commitment Reduction Date, the Total Commitments shall be permanently reduced in accordance with §2.5 by an amount sufficient to reduce the Total Commitment to $150,000,000.00.

Prior to the release of any Pool Property pursuant to §5.3 and in connection with the sale or refinancing of any Real Estate that is not a Pool Property, Borrower shall prepay the Loansin an amount equal tothe Release Price for such Pool Property or such non-Pool Property, as applicable. Pre