Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2158

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2158
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 Borrower or its funds or other assets (a) is a Designated Person, (b) is located, organized, resident or has a place of business in a Designated Jurisdiction, (c) is a Person with whom Administrative Agent or any Lender is restricted from doing business under Sanctions and Anti-Money Laundering Laws, (d) has engaged or currently engages in any transaction, investment, undertaking or activity that conceals the identity, source or destination of the proceeds from any category of offenses designated in any Sanctions and Anti-Money Laundering Laws or (e) is otherwise in violation of Sanctions and Anti-Money Laundering Laws. The Restricted Parties, their respective Affiliates, and to the Borrower’s knowledge, their agents and other Persons holding any direct or indirect ownership or beneficial interest in Borrower, are in compliance with Sanctions and Anti-Money Laundering Laws and the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “”) and any other applicable anti-corruption law (together, the “”). The Borrower has instituted and maintains policies and procedures designed to promote and achieve compliance with applicable Sanctions and Anti-Money Laundering Laws and Anti-Corruption Laws.

Section IV.23. .

(a) . Each Franchise Agreement is in full force and effect and to Borrower’s knowledge, there is no event of default thereunder by any party thereto and, no event has occurred that, with the passage of time and/or giving of notice, would constitute an event of default thereunder. As of the date hereof, no franchise fees under any Franchise Agreement are due and payable and now delinquent, and, excluding such projects that (i) have been disclosed to Administrative Agent in writing (via a budget setting forth projected capital improvements during the term of the Loan or otherwise including the Project Budget) and (ii) a Franchisor may require pursuant to the terms of its Franchise Agreement, Borrower does not, as of the Closing Date, have any obligations to undertake any capital improvement projects with respect to the Property or otherwise upgrade or alter the Property in any material respect in order to comply with any obligations under the Franchise Agreements (in connection with a “” under the Franchise Agreements or otherwise). The Franchise Agreements represent the full and complete terms and provisions of the franchise or license contracts entered into between the respective franchisors or licensors and Borrower which are