Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2107

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2107
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a) the applicable Approved Annual Budget, or (b) if not set forth in an Approved Annual Budget, as may otherwise be approved by Administrative Agent from time to time, such approval not to be unreasonably withheld, conditioned, or delayed.

” means Fitch, Inc.

” means any event, circumstance or condition beyond the reasonable control of Borrower, including strikes, labor disputes, acts of God, the elements, governmental restrictions, regulations or controls, enemy action, civil commotion, fire, casualty, accidents, mechanical breakdowns or shortages of, or inability to obtain, labor, utilities or materials, or which causes delay; , that (a) neither any lack of funds (unless due to Administrative Agent, Lender or Servicer non-compliance with this Agreement) nor any illiquidity or disruption affecting capital markets or other general economic conditions, shall be deemed to be a condition beyond the control of Borrower; (b) Borrower promptly notifies Administrative Agent of the existence of such event, circumstance or condition after Borrower becomes aware that such event, circumstance or condition constitutes Force Majeure (but in no event more than ten (10) days after Borrower becomes aware of the same); and (c) the delay that could result from such Force Majeure shall not cause or result in a default or violation by Borrower under any material contracts or licenses and permits affecting the Property or under any applicable Legal Requirements.

” means each franchise agreement listed on Schedule IV attached hereto, as the foregoing may be amended or modified from time to time in accordance with the terms and provisions of this Agreement.

” means each franchisor listed on Schedule IV attached hereto.

” means any court, board, agency, bureau, department, commission, office or other authority of any nature whatsoever for any governmental unit (federal, state, county, district, municipal, city or otherwise), whether now or hereafter in existence.

” means, initially and collectively, NHT Holdco LLC, a Delaware limited liability company ”), and NexPoint Real Estate Advisors, L.P., a Delaware limited partnership (“”), and if Holdco is replaced pursuant to the terms of the Guaranty, NexPoint Hospitality Trust, a real estate investment trust formed under the laws of the Province of Ontario and the laws of Canada (“”), together with their successors and permitted assigns.

LOAN AGREEMENT – Page 10

<div align='center'>I-1684</div>

” means individually and collectively as the context may require: (i)