Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2110

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2110
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c) and is in good standing with respect to any applicable licenses required in order to perform accountancy services.

” means (a) while LIBOR is the index upon which the Interest Rate is determined, LIBOR, and (b) while LIBOR is not the index upon which the Interest Rate is determined, the Alternative Rate Index.

” means, with respect to any Payment Date, the period commencing on and including the eighth (8th) clay of the preceding calendar month and ending on and including the seventh (7th) day of the calendar month in which such Payment Date occurs.

” means, for any Interest Period, the sum of (a) the Spread plus (b) the LIBOR Interest Rate for such Interest Period (. , that during any period in which an Alternative Rate Condition exists, “” means, for any Interest Period, the Alternative Rate for such Interest Period).

” means any lease, sublease or sub-sublease, letting, license, concession or other agreement (whether written or oral and whether now or hereafter in effect) pursuant to which any Person is granted a possessory interest in, or right to use or occupy all or any portion of any space in the Property and (a) every modification, amendment or other agreement relating to such lease, sublease, sub-sublease, or other agreement entered into in connection with such lease, sublease, sub-sublease, or other agreement and (b) every guarantee of the performance and observance of the covenants, conditions and agreements to be performed and observed by the other party thereto. The term “” shall not include use and occupancy arrangements for customary hotel transactions in the ordinary course of operating a hotel business at the Property, including, but not limited to, daily rentals (or licensing) of individual hotel rooms, suites, and banquet rooms.

LOAN AGREEMENT – Page 12

<div align='center'>I-1686</div>

” means all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations, ordinances, building codes, land laws, judgments, decrees and injunctions of Governmental Authorities affecting the Loan, any Secondary Market Transaction with respect to the Loan, Borrower, Guarantor and/or the Property or any part thereof, or the construction, use, alteration or operation thereof, or any part thereof, whether now or hereafter enacted and in force, including the Securities Act, the Exchange Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act (or any