Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 831

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 831
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 of such meeting, except where a Partnership Director attends a meeting for the express purpose of objecting to the transaction of any business on the ground that the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any meeting of the Board need be specified in the notice or waiver of notice of such meeting.

(e) . At all meetings of the Partnership Board, the presence of a majority of the Partnership Directors serving on the Partnership Board shall be necessary and sufficient to constitute a quorum for the transaction of business unless a greater number is required by law. At a meeting at which a quorum is present, the act of a majority of all of the Partnership Directors present at the meeting shall be the act of the Partnership Board, except as otherwise provided by law or this Agreement. If a quorum shall not be present at any meeting of the Partnership Board, the Partnership Directors present at the meeting may adjourn the meeting, without notice other than announcement at the meeting, until a quorum shall be present. On all actions to be taken and matters to be decided by the Partnership Board, each Partnership Director shall each be entitled to one vote.

(f) . Any action by the Partnership Board may be taken without a meeting if all of the Partnership Directors consent to the action in writing. Such written consents must set forth the action so taken and shall be filed with the records of the meetings of the Partnership Board. Such consent shall be treated for all purposes as a vote taken at a meeting of the Partnership Board.

(g) . The General Partner shall be selected, removed and replaced by the Partnership Board on the terms specified in this and if this Agreement.

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(h) .

(1) Following the removal of VineBrook Homes OP GP, LLC (the “”) as the General Partner by the Partnership Board and until the earlier of (i) the Incumbent GP or its Affiliates no longer owning Class C Common Units and (ii) the Company or the Partnership exercising their Call Right as set forth in the Side Letter, at which point the Observer’s rights as set forth in this immediately terminate, the Incumbent GP shall have the right to designate one individual to attend meetings of the Partnership Board and any committee thereof as a non-voting observer (an “”) subject to the provisions set forth in this . The rights of the Incumbent GP pursuant to this are personal to the Incumbent GP, and may not be