Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2094

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2094
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ctions: Anti-Money Laundering: Anti-Corruption 44

Section 4.23. Hotel Matters 45

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I-1672</div>

Section 4.24. Mezzanine Loan Matters 45

Section 4.25. Operating Lease Representations 45

ARTICLE V BORROWER COVENANTS 46

Section 5.1. Affirmative Covenants 46

Section 5.2. Negative Covenants 61

ARTICLE VI EVENTS OF DEFAULT: REMEDIES: EXCULPATION 68

Section 6.1. Events of Default 68

Section 6.2. Remedies 71

Section 6.3. Limitation on Remedies 74

ARTICLE VII SECONDARY MARKET TRANSACTIONS; SERVICING 78

Section 7.1. Secondary Market Transactions 78

Section 7.2. Borrower Cooperation 78

Section 7.3. Securitization Indemnification 81

Section 7.4. Rating Agency Confirmations 84

ARTICLE VIII MISCELLANEOUS 84

Section 8.1. Survival 84

Section 8.2. Administrative Agent Matters 84

Section 8.3. Governing Law 86

Section 8.4. Modification, Waiver in Writing 88

Section 8.5. Delay Not a Waiver 88

Section 8.6. Notices 88

Section 8.7. Trial by Jury 89

Section 8.8. Headings 90

Section 8.9. Severability 90

Section 8.10. Preferences 90

Section 8.11. Waiver of Notice 90

Section 8.12. Remedies of Borrower 90

Section 8.13. Schedules Incorporated 91

Section 8.14. Offsets 91

Section 8.15. No Joint Venture or Partnership: No Third Party Beneficiaries 91

Section 8.16. Publicity 91

Section 8.17. Waiver of Marshalling of Assets 92

Section 8.18. Conflict; Construction of Documents; Reliance 92

Section 8.19. Brokers and Financial Advisors 92

Section 8.20. Prior Agreements 92

Section 8.21. Time