Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1447

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1447
---
 than actual payment and performance of the Indebtedness. The obligations, covenants, agreements, and duties of the Guarantor under this Guaranty shall not be affected or impaired by any receivership, insolvency, bankruptcy, or similar proceedings affecting the Debtor or any of its assets; or by the release or discharge of the Debtor from the performance or observance of any agreement, covenant, term, or condition contained in the Loan Documents. If payment is made by Debtor, whether voluntarily or otherwise, or by any third party, on the Indebtedness and thereafter Lender is forced to remit the amount of that payment to Debtor’s trustee in bankruptcy or to any similar person under any federal or state bankruptcy law or law for the relief of debtors, the Indebtedness shall be considered unpaid for the purpose of the enforcement of this Guaranty.

Guarantor warrants and agrees that each of the waivers set forth above is made with Guarantor’s full knowledge of its significance and consequences and that, under the circumstances, the waivers are reasonable and not contrary to public policy or law. If any such waiver is determined to be contrary to any applicable law or public policy, such waiver shall be effective only to the extent permitted by law or public policy.

To the extent permitted by applicable Law, Lender reserves a right of setoff in all Guarantor's accounts with Lender (whether checking, savings, or some other account). This includes all accounts with Lender which Guarantor holds jointly with someone else and all accounts Guarantor may open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would be prohibited by law. Guarantor authorizes Lender, to the extent permitted by applicable law, to hold funds in these accounts if there is an Event of Default, and in such event, Lender may apply the funds in these accounts to pay what Guarantor owes under the terms of this Guaranty.

Guarantor agrees that the Indebtedness, whether now existing or hereafter created, shall be superior to any claim that Guarantor may now have or hereafter acquire against Debtor, whether or not Debtor becomes insolvent. Guarantor hereby expressly subordinates any claim Guarantor may have against Debtor, upon any account whatsoever, to any claim that Lender may now or hereafter have against Debtor. In the event of insolvency and consequent liquidation of the assets of Debtor, through