Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1444

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1444
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; (G) no material adverse change has occurred in Guarantor’s financial condition since the date of the most recent financial statements provided to Lender and no event has occurred which may materially adversely affect Guarantor's financial condition and Guarantor’s ability to perform its obligations under this Guaranty; (H) no litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid taxes) against Guarantor is pending or threatened, except as may be disclosed in Guarantor’s financial statements furnished to Lender; (I) Lender has made no representation to Guarantor as to the creditworthiness of Debtor; (J) Guarantor has established adequate means of obtaining from Debtor on a continuing basis information regarding Debtor’s financial condition. Guarantor agrees to keep adequately informed from such means of any facts, events, or circumstances which might in any way affect Guarantor's risks under this Guaranty, and Guarantor further agrees that, absent a request for information, Lender shall have no obligation to disclose to Guarantor any information or documents acquired by Lender in the course of its relationship with Debtor; (K) At the end of each fiscal quarter, Guarantor shall have Liquidity of no less than the Minimum Liquidity; (L) Beginning on September 30, 2023, and on the last day of each fiscal quarter thereafter (each, a “”) through and including the Measurement Date on June 30, 2024, Guarantor shall have a Debt Service Coverage Ratio of no less than 1.00:1.00 for the applicable Measurement Period ending on such Measurement Date. Beginning on September 30, 2024, and on each Measurement Date thereafter through and including the Maturity Date, Guarantor shall have a Debt Service Coverage Ratio of no less than 1.15:1.00 for the applicable Measurement Period ending on such Measurement Date; and (M) Beginning on September 30, 2023, and on each Measurement Date thereafter, Guarantor shall have a Debt to Equity Ratio of no less than 1.00:1.00 for the applicable Measurement Period ending on such Measurement Date. The failure of Guarantor to comply with Sub-Parens (K) - (M) shall constitute a default hereunder and under the other Loan Documents. Within sixty (60) days after the end of each fiscal quarter, commencing with the fiscal quarter ending September 30, 2023, Guarantor shall deliver to Lender (i) verification