Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2114

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2114
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 winning bid at such foreclosure sale shall not form a basis for realizing a loss for diminution in value of the Property), in each case with respect to the foregoing clauses (a), (h), and (c) except to the extent that a party seeking indemnification of such amount has paid or is required to pay such measure of damages other than as a result of (and to the extent of) its own gross negligence willful misconduct or fraud).

” means collectively each property management agreement between a Borrower and the property manager listed thereunder, or such other property management agreement between a Borrower and a Manager as may be approved from time to time by Administrative Agent. As of the date hereof, each property management agreement currently in effect and the manager thereunder is listed on Schedule IV.

” means each property manager under a Management Agreement currently in effect and listed on Schedule IV. if the context requires, a property manager approved by Administrative Agent in accordance with the terms and provisions of this Agreement.

” means a material adverse effect on (a) the Property or the value or use thereof, (b) the business, profits, management, operations or condition (financial or otherwise) of Borrower, Guarantor, or the Property, taken as a whole, (c) the enforceability, validity, perfection or priority of the lien of the Security Instrument or the other Loan Documents, or (d) the ability of any party to the Loan Documents to perform its obligations under the Loan Documents to which it is a party.

” means (a) the Scheduled Maturity Date, (b) if the applicable Extension Conditions have been satisfied as of the Scheduled Maturity Date, the Payment Date in March, 2023, (c) if the applicable Extension Conditions have been satisfied as of the Maturity Date described in the foregoing clause, the Payment Date in March, 2024, or (d) the date on which the Debt has been accelerated as herein provided.

” means the Borrower as defined in the Mezzanine Loan Agreement.

” means the Lender as defined in the Mezzanine Loan Agreement.

.

” means the Administrative Agent as defined in the Mezzanine Loan Agreement.

” means that certain Mezzanine Loan Agreement, dated as of January 8, 2019, by and between Mezzanine Borrower, Mezzanine Loan Administrative

LOAN AGREEMENT – Page 15

<div align='center'>I-1689</div>

Agent, and Mezzanine Lender, as the same may