Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 92

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 92
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 expenses reasonably incurred (provided that, if legally required, the person to whom expenses are advanced provides an undertaking to repay such advance if it is determined by a final and non-appealable judgment of a court of competent jurisdiction that such person is not legally entitled to indemnification under applicable Law).

Prior to the termination of the Merger Agreement, the Parties are entitled to an injunction or injunctions, specific performance or other equitable relief to prevent breaches of the Merger Agreement and to enforce specifically the terms and provisions of the Merger Agreement, without proof of damages or otherwise in the Chosen Courts, and the Parties waived any requirement for the securing or posting of any bond in connection with such remedy, this being in addition to any other remedy to which they are entitled at law or in equity.

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The maximum aggregate liability of NXDT, NXDT Intermediary, NXDT OP and NXDT Merger Sub together for any losses, damages, costs or expenses of the Company, NHT Intermediary, NHT Holdings or NHT OP or their affiliates relating to the failure of the transactions contemplated by the Merger Agreement to be consummated, or a breach of the Merger Agreement by NXDT, NXDT Intermediary, NXDT OP or NXDT Merger Sub or otherwise in connection with the Merger Agreement or the transactions contemplated thereunder shall be limited to an amount equal to the NXDT Termination Amount plus, if applicable, the Enforcement Expenses.

The maximum aggregate liability of the Company, NHT Intermediary, NHT Holdings and NHT OP together for any losses, damages, costs or expenses of NXDT, NXDT Intermediary, NXDT OP or NXDT Merger Sub or their affiliates relating to the failure of the transactions contemplated by the Merger Agreement to be consummated, or a breach of the Merger Agreement by the Company, NHT Intermediary, NHT Holdings or NHT OP or otherwise in connection with the Merger Agreement or the transactions contemplated thereunder shall be limited to an amount equal to the Company Termination Fee plus, if applicable, the Enforcement Expenses.

The Merger Agreement is governed by the laws of the State of Delaware, without giving effect to any principles of conflict of Laws thereof that would result in the application of the Laws of any other jurisdiction. Notwithstanding the foregoing, all references to the Board’s “fiduciary duties” shall be to the duties set forth in the Declaration of Trust, as interpreted