Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1445

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1445
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 of Guarantor's Liquidity, Debt Service Coverage Ratio, and Debt to Equity Ratio and compliance with these covenants in form and substance acceptable to Lender, in Lender's sole discretion, and (ii) quarterly consolidated financial statements of Guarantor certified by Guarantor, other than the fiscal quarter that ends on the fiscal year-end. Within one hundred and twenty (120) days after the end of each fiscal year, commencing with the fiscal year ending December 31, 2023, Guarantor shall deliver to Lender an annual consolidated financial statement audited by a certified public accountant reasonably acceptable to Lender.

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I-1116</div>

If an Event of Default has occurred and is continuing, Guarantor shall not make any payments or advances of any kind, directly or indirectly, on any debts and liabilities to Investment Advisor whether now existing or hereafter arising and whether direct, indirect, several, joint and several, or otherwise, and howsoever evidenced or created (collectively, the “”), including, but not limited to, the fees payable to Investment Advisor pursuant to the terms of the Investment Advisory Agreement. All Other Claims, together with all Liens on assets securing the payment of all or any portion of the Other Claims, shall at all times during the continuance of an Event of Default be subordinated to and junior in right and in payment to the Obligations and all Liens on assets securing all or any portion of the Obligations. Each Borrower agrees to take such actions as necessary to provide for such subordination between Guarantor and Investment Advisor, inter se, including but not limited to provisions for such subordination in the documents evidencing the Other Claims.

If any Event of Default has occurred and is continuing, Guarantor shall not make any distributions of any kind except for any distributions required to maintain its status as a Real Estate Investment Trust, as defined in the Internal Revenue Code Section 856.

Except as prohibited by applicable Law, Guarantor waives any right to require Lender (A) to continue lending money or to extend other credit to Debtor; (B) to make any presentment, protest, demand, or notice of any kind, including notice of any nonpayment of the Indebtedness or of any nonpayment related to any collateral, or notice of any action or non-action on the part of Debtor, Lender, any surety, endorser, or other guarantor in connection with the Indebtedness or in connection