Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2182

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2182
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 such liquor Licenses as Administrative Agent may require and to cause a cancellation of such existing liquor Licenses as Administrative Agent may require. The foregoing power of attorney is coupled with an interest and shall be irrevocable. In addition to all other remedies which Administrative Agent may have at law or in equity for the enforcement of the terms and provisions of this Agreement, Borrower expressly agrees that Administrative Agent shall have the right to bring an action in specific performance to enforce each and every term and provision of this Section 5.1.18.

V.1.19. .

Each Borrower shall:

(a) promptly perform and/or observe all of the covenants and agreements required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its rights thereunder;

(b) promptly notify Administrative Agent of any event of default under any Operating Lease;

(c) enforce the performance and observance of all of the covenants and agreements required to be performed and/or observed by the other party under the Operating Leases at the times set forth in such Operating Lease, including any relevant cure periods; and

(d) maintain each Operating Lease in full force and effect during the term of the Loan

V.1.20. . Notwithstanding any other provision of this Agreement to the contrary, the Borrower shall be required to prepay a principal portion of the Loan, in an amount equal to $1,500,000 on each of the Payment Dates in March, 2020, March, 2021, and, if Borrower has extended the Scheduled Maturity Date, on the Payment Date in March, 2022.

Section V.2. . From the date hereof and until payment and performance in full of all Obligations in accordance with the terms of this Agreement and the other Loan Documents, Borrower hereby covenants and agrees with Administrative Agent that it shalt not do, directly or indirectly, any of the following:

LOAN AGREEMENT – Page 64

<div align='center'>I-1738</div>

V.2.1. . Borrower shall not, without Administrative Agent’s prior written consent: (a) surrender, terminate or cancel the Management Agreement; (b) reduce or consent to the reduction of the term of the Management Agreement; (c) increase the amount of any base management fees payable to Manager under the Management Agreement in excess of three percent (3%) of Revenues per annum or otherwise agree to pay any incentive fees