Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1402

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1402
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 terms defined in this Agreement shall have the same meanings when used in the Note, Deed of Trust, any other Security Documents, or any certificate or other document made or delivered pursuant hereto. The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement.

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I-1077

ARTICLE III
BORROWER’S REPRESENTATIONS AND WARRANTIES</div>

3.1 Representations and Warranties.

To induce Lender to execute this Agreement and perform its obligations hereunder, Borrower hereby represents and warrants to Lender as follows:

(a) Except as previously disclosed to Lender in writing, no litigation or proceedings are pending, or to the best of Borrower’s knowledge threatened in writing, against Borrower or Guarantor, which could, if adversely determined, cause a Material Adverse Change with respect to Borrower or Guarantor.

(b) NXDTOP is a duly organized and validly existing limited partnership formed pursuant to the laws of the State of Delaware and has full power and authority to execute, deliver and perform all Loan Documents to which NXDTOP is a party, and such execution, delivery and performance have been duly authorized by all requisite action on the part of NXDTOP.NREC is a duly organized and validly existing limited liability company formed pursuant to the laws of the State of Delaware and has full power and authority to execute, deliver and perform all Loan Documents to which NREC is a party, and such execution, delivery and performance have been duly authorized by all requisite action on the part of NREC. NREO is a duly organized and validly existing limited liability company formed pursuant to the laws of the State of Delaware and has full power and authority to execute, deliver and perform all Loan Documents to which NREO is a party, and such execution, delivery and performance have been duly authorized by all requisite action on the part of NREO. Each Loan Document to which Borrower is a party has been duly executed and delivered by Borrower and is the legally valid and binding obligation of Borrower, enforceable against Borrower in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability.

(c) Guarantor is a duly organized and validly existing Delaware statutory trust, formed pursuant to the laws of the State of Delaware