Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 794

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 794
---
 the meaning set forth in .

” has the meaning set forth in Regulations Section 1.704-2(b)(1), and the amount of Nonrecourse Deductions for a Partnership taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(c).

” has the meaning set forth in Regulations Section 1.752-1(a)(2).

” means the Notice of Redemption substantially in the form of .

” means NexPoint Real Estate Opportunities, LLC or any of its successors or permitted assignees.

” has the meaning set forth in .

” means a General Partner or a Limited Partner, and “” means the General Partner and the Limited Partners collectively.

<div align='center'>11

I-545</div>

” means an amount, with respect to each Partner Nonrecourse Debt, equal to the Partnership Minimum Gain that would result if such Partner Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

” has the meaning set forth in Regulations Section 1.704-2(b)(4).

” has the meaning set forth in Regulations Section 1.704-2(i)(2), and the amount of Partner Nonrecourse Deductions with respect to a Partner Nonrecourse Debt for a Partnership taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(i)(2).

” has the meaning set forth in the recitals hereto.

” has the meaning set forth in .

” means an ownership interest, including LTIP Units, in the Partnership held by either a Partner, and includes any and all benefits to which the holder of such ownership may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Partnership Interest may be (but is not required to be) expressed as a number of Partnership Units.

” has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in a Partnership Minimum Gain, for a Partnership taxable year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

” means the record date established by the General Partner for the distribution of Available Cash pursuant to , which record date shall be the same as the record date established by the Company for a distribution to its shareholders of some or all of its portion of such distribution or such other record