Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1267

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1267
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ate from time to time (whether before or after the event giving rise to potential liability), in its sole and absolute discretion.

“Interest” means an Interest of a Member in the Company representing a fractional part of the ownership interest in the Company and includes any and all benefits to which the holder of such an Interest 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. An Interest may be expressed as a number of Units.

“Invested Capital” means an initial value for the Class A Units of $172,856,846.80, which, for the avoidance of doubt, is equal to the aggregate initial Capital Contribution of the Managing Member attributable to the common stock (or other comparable equity interest) of the Managing Member, minus the total amount of all dividends and other distributions paid on the Class A Units and/or Shares from time to time.

“IRS” means the Internal Revenue Service, which administers the internal revenue laws of the United States.

“Junior Securities” has the meaning set forth in

“Liquidating Event” has the meaning set forth in .

“Liquidating Gains” has the meaning set forth in .

“Liquidation” has the meaning set forth in the Series D Articles Supplementary.

“Liquidator” has the meaning set forth in .

“LTIP Unitholder” means a Member that holds LTIP Units.

“LTIP Units” means a Unit which is designated as an LTIP Unit and which has the rights, preferences and other privileges designated in and elsewhere in this Agreement in respect of holders of LTIP Units. The allocation of LTIP Units among the Members shall be set forth in the Member Registry, as it may be amended or restated from time to time.

“LV Safe Harbor” “LV Safe Harbor Election” and “LV Safe Harbor Interest” each has the meaning set forth in .

“Managing Member” means NexPoint Storage Partners, Inc., a Maryland corporation, or its successor, as managing member of the Company.

“Managing Member Entity” means the Managing Member, or its successor, as managing member of the Company.

“Material Event Redemption” has the meaning set forth in Series D Articles Supplementary.

“Member” means any Person named as a Member, including the Managing Member or a Non-Managing Member, in the Member Registry or any Substituted Member or Additional Member, in such Person’s capacity as a Member of the Company.

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“Member Registry