Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1351

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1351
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 acceptance of all the terms and conditions of this Agreement (including, without limitation, the provisions of ) and such other documents or instruments as may be required to effect the admission.

C.. Upon the admission of a Substituted Member, the Managing Member shall update the Member Registry in the books and records of the Company as it deems necessary to reflect such admission in the Member Registry.

Section 11.5 Assignees

If the Managing Member, in its sole and absolute discretion, does not consent to the admission of any permitted transferee under as a Substituted Member, as described in , such transferee shall be considered an Assignee for purposes of this Agreement.

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An Assignee shall be entitled to all the rights of an assignee of a limited liability company interest under the Act, including the right to receive distributions from the Company and the allocable shares of Net Income, Net Losses and Recapture Income and all items of income, gain, loss, deduction and credit of the Company attributable to the Units assigned to such transferee, and shall have the rights granted to the Non-Managing Members under , but shall not be deemed to be a holder of Units for any other purpose under this Agreement, and shall not be entitled to vote such Units in any matter presented to the Non-Managing Members for a vote (such Units being deemed to have been voted on such matter in the same proportion as all other Units held by Non-Managing Members are voted). If any such transferee desires to make a further assignment of any such Units, such transferee shall be subject to all the provisions of this to the same extent and in the same manner as any Non-Managing Member desiring to make an assignment of Units.

Section 11.6 General Provisions

A.. No Non-Managing Member may withdraw from the Company other than as a result of a permitted transfer of all of such Non-Managing Member’s Units in accordance with this or pursuant to redemption of all of its Units under .

B.. Any Non-Managing Member who shall transfer all of its Units in a transfer permitted pursuant to this or pursuant to redemption of all of its Units under shall cease to be a Non-Managing Member.

C.. Transfers pursuant to this may only be made upon three (3) Business Days prior notice to the Managing Member, unless the Managing Member otherwise agrees.

D.. If any Interest is transferred during any quarterly segment of the Company’s Fiscal Year in compliance with the provisions of this