Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2129

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2129
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s Reserve Account” Section 5.1.12(b)

“OFAC” Definition of Designated Person

“Participant Register” Section 8.25

“Personal Property” Security Instrument

“Prepaid Revenues” Section 3.1

“Project Expenditure Reserve Account’ Section 3.2(c)

“Recourse Guaranty” Definition of Guaranty

LOAN AGREEMENT – Page 26

<div align='center'>I-1700</div>

“Recourse Liabilities” Section 6.3(b)

“Register” Section 8.25

“Registrar” Section 8.25

“Registration Statement” Section 7.3(a)

“Required Report” Section 5.1.6(d)

“Required Policy” Section 5.1.11

“Secondary Market Transaction” Section 7.1

“Securities” Section 7.1

“Securitization” Section 7.1

“Servicer” Section 8.2(a)

“Special Member” Schedule III

“Special Mezzanine Loan Advance” Mezzanine Loan Agreement

“Special Purpose Entity” Schedule Ill

“Springing Recourse Event” Section 6.3(c)

“Tax Reserve Account” Section 3.2(a)

“Terrorism Coverage” Schedule VI

“Underwriter Group” Section 7.3(a)

Section I.3. . All references to sections and schedules are to sections and schedules in or to this Agreement unless otherwise specified. All uses of the word “” means “,” unless the context shall indicate otherwise. Unless otherwise specified, the words “,” “” and “” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. Unless otherwise specified, all meanings attributed to defined terms herein shall be equally applicable to both the singular and plural forms of the terms so defined.

<div align='center'>Article II
GENERAL TERMS</div>

Section II.1. . Subject to and upon the terms and conditions set forth herein, Lender hereby agrees (on a several basis, if the Notes are held by more than one (1) Lender) to make, and Borrower hereby agrees to borrow and accept, the Loan. Any amount borrowed and repaid hereunder may not be reborrowed. Borrower shall use the proceeds of the Loan only to (a) refinance the Property, (b) make initial deposits