Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2099

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2099
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 petition filed against it, by any other Person under the Bankruptcy Code or any other Federal or state bankruptcy or insolvency law; or soliciting or causing to be solicited petitioning creditors for any involuntary petition from any Person; (d) the appointment of a custodian, receiver, trustee, or examiner for such Person or any portion of the Property; (e) such Person making an assignment for the benefit

LOAN AGREEMENT – Page 3

<div align='center'>I-1677</div>

of creditors, or admitting, in writing or in any legal proceeding, its insolvency or inability to pay its debts as they become due. or (f) such Person commencing (or have commenced against it) a proceeding for the dissolution or liquidation of it.

” means 11 U.S.C. § 101 et seq., as the same may be amended from time to time.

” means, individually and collectively, Borrower, Guarantor, Mezzanine Borrower. Mezzanine Borrower Required SPE Entity (if any). any Affiliated Manager, any Affiliate of any of the foregoing, and any officers, directors, employees, or agents of any of the foregoing.

” means any day other than a Saturday, Sunday or any other day on which national banks in New York, New York, are not open for business.

” means, for any period, the amount expended for items required under Approved Accounting Method to be capitalized.

” means the deposit account established pursuant to the Cash Management Agreement.

” means that certain Cash Management Agreement dated as of the date hereof by and among Cash Management Bank, Borrower and Administrative Agent, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time (or any other agreement among Borrower, Administrative Agent, and any other Cash Management Bank as may be applicable from time to time).

” means, initially, Wells Fargo Bank, National Association, or such other bank or banks selected by Administrative Agent to maintain the Cash Management Account (or any Reserve Accounts to the extent they are not subaccounts of the Cash Management Account).

” means the existence of any of the following: (a) the existence of an Event of Default; (b) the Debt Service Coverage Ratio being less than 1.25:1.00 at any time from and after the Payment Date in March, 2020 (until the Debt Service Coverage Ratio is at least 1.35:1.00 for two (2) consecutive quarters); (