Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2125

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2125
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 and Rents, Fixture Filing and Security Agreement dated the date hereof, executed and delivered by Borrower as security for the Loan, collectively encumbering the Property, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

” has the meaning set forth in Item 1101(k) of Regulation AB under the Securities Act.

LOAN AGREEMENT – Page 23

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” means (a) with respect to that portion of the Outstanding Principal Balance evidenced by Note A, two hundred (200) basis points (i.e., /000000%), and (b) with respect to that portion of the Outstanding Principal Balance evidenced by Note B, six hundred forty six and 1,538/10,000ths (646.1538) basis points (i.e., 6.461538%).

” means (a) with respect to the Interest Rate Cap Agreement required pursuant to Section 5.1.4 hereof, (i) while LIBOR is the index upon which the Interest Rate is determined, three and 50/100 percent (3.50%), or (ii) while LIBOR is not the index upon which the Interest Rate is determined, the number of basis points established at the time the Alternative Rate is first established with each change in Index that, when added to the Alternative Spread then in effect, would equal the sum of (x) three and 50/100 percent (3.50%), plus (y) the Weighted Average LIBOR Spread in effect as of such date, and (b) with respect to the Interest Rate Cap Agreement required pursuant to the definition of Extension Conditions, the lesser of (y) the rate determined pursuant to the foregoing clause (a), and (ii) the rate determined by Administrative Agent such that, if it were then the Index component of the Interest Rate under the Loan and under the Mezzanine Loan, would result in a Debt Service Coverage Ratio (after giving effect to any voluntary prepayment made in compliance with this Agreement and the Mezzanine Loan Agreement) of at least 1.25:1.00 based on the then Outstanding Principal Balance and the Mezzanine Loan Outstanding Principal Balance.

” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

”