Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1978

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1978
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 Members. 20

Section 4.2. Issuances of Additional Membership Interests. 20

Section 4.3. Additional Funds. 20

Section 4.4. No Interest. 21

Section 4.5. Preemptive Rights. 21

Section 4.6. LTIP Units. 21

Section 4.7. Conversion of LTIP Units. 23

Section 4.8. Call Right. 25

ARTICLE 5. DISTRIBUTIONS 25

Section 5.1. Requirement and Characterization of Distributions. 25

Section 5.2. Amounts Withheld. 26

Section 5.3. Distributions Upon Liquidation. 26

Section 5.4. Restricted Distributions. 26

ARTICLE 6. ALLOCATIONS 26

Section 6.1. Allocations For Capital Account Purposes 26

ARTICLE 7. MANAGEMENT AND OPERATIONS OF BUSINESS 27

Section 7.1. Management. 27

Section 7.2. Removal; Resignation. 30

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Section 7.3. Certificate of Formation. 31

Section 7.4. Restrictions on Manager Authority. 31

Section 7.5. Reimbursement of the Manager and NHT. 31

Section 7.6. Outside Activities of the Manager. 32

Section 7.7. Contracts with Affiliates. 32

Section 7.8. Indemnification. 32

Section 7.9. Liability of the Manager and its Affiliates. 34

Section 7.10. R 35

Section 7.11. SIFT Trust. 35

Section 7.12. Other Matters Concerning the Manager. 35

Section 7.13. Title to Company Assets. 36

Section 7.14. Reliance by Third Parties. 36

ARTICLE 8. RIGHTS AND OBLIGATIONS OF MEMBERS 37

Section 8.1. Limitation of Liability. 37

Section 8.2. Management of Business. 37

Section 8.3. Outside Activities of Members. 37

Section 8.4. Return of Capital. 37

Section 8.5. Rights of Members Relating to