Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 237

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 237
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 Merger Agreement or (b) provide for an exclusive right to negotiate with the Company.

“Business Day” means a day other than Saturday, Sunday or any day on which banks located in Toronto, New York or Delaware are authorized or obligated by applicable Law to close.

“Capital Expenditures” as of the date of the Merger Agreement, the budgeted amount of all allowances (including tenant allowances), expenditures and fundings (other than those relating to Development Projects which are shown on the Development Expenditure Budget).

“Chosen Courts” means the Court of Chancery of the State of Delaware and/or any federal court within the State of Delaware.

“Closing” means the closing of the Mergers.

“Closing Date” means the time to be specified by the Parties on the third Business Day after satisfaction or waiver of the conditions set forth in Article VII of the Merger Agreement (other than those conditions that by their nature are to be satisfied or waived at the Closing, but subject to the satisfaction or waiver of such conditions) remotely by exchange of documents and signatures (or their electronic counterparts), or at such other time, date and place as may be mutually agreed to in writing by the Parties.

“Code” means the Internal Revenue Code of 1986, as amended.

“Company” shall mean the REIT prior to the formation of New NHT, and shall mean both the REIT and New NHT after the formation of New NHT; provided, that the obligations of the Company hereunder shall be solely the obligations of the REIT unless and until such time as New NHT becomes a Party to the Merger Agreement.

“Company Acquisition Proposal” means any inquiry, indication of interest, offer or proposal from any Person or “group” (as defined in Section 13(d)(3) of the Exchange Act) regarding any of the following (other than (a) the Mergers, (b) any transaction involving only the Company and/or one or more of its wholly-owned Subsidiaries, or (c) any other transaction involving NXDT, the Company and NHT OP): (i) any merger, consolidation, share exchange, recapitalization, dissolution, liquidation, business combination or other similar transaction involving the Company or NHT OP; (ii) any sale, lease, exchange, mortgage, pledge, transfer or other disposition, directly or indirectly, by merger, consolidation, sale of equity interests, share exchange, joint venture, business combination or otherwise, of 20% or