Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2116

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2116
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<div align='center'>I-1690</div>

succeeding Payment Dates shall be interest-only (and shall exclude any principal sum, unless such Payment Date is a Maturity Date which has not been extended in compliance with this Agreement, in which case the entire amount of the Debt shall be due and payable on such Maturity Date) (the foregoing Debt Yield condition above shall be referred to herein as an “”).

” means Moody’s Investors Service, Inc.

” means (a) with respect to the occurrence of a Casualty, the net amount of all insurance proceeds payable under the Required Policies as a result of the applicable damage or destruction, after deduction of Administrative Agent’s and Lender’s costs and expenses (including, but not limited to, reasonable legal fees), if any, in collecting same (but not including the proceeds of any business interruption insurance), and (b) with respect to the occurrence of a Condemnation, the net amount of any payments received from the applicable Governmental Authority on account of such Condemnation, or in any transaction or proceeding in lieu thereof, after deduction of Borrower’s, Lender’s and Administrative Agent’s costs and expenses (including reasonable legal fees and costs), if any, in collecting same.

” means the sum of Eight Hundred Eighty Thousand and No/100ths Dollars ($880,000.00).

” means NexPoint Real Estate Advisors VI, L.P., a Delaware limited partnership.

” or “” means each Promissory Note (however denominated) executed by Borrower in favor of a Lender in connection with the Loan, individually or collectively, as the context may require.

” means Note A-1.

” means that certain Renewal, Consolidation and Future Advance Promissory Note A-1 of even date herewith made by Borrower to the Lender identified therein, as the same may be amended, restated, replaced, supplemented, extended or otherwise modified from time to time.

” means Note B-I.

”Note B-I” means that certain Renewal, Consolidation and Future Advance Promissory Note B-1 of even date herewith made by Borrower to the Lender identified therein, as the same may be amended, restated, replaced, supplemented, extended or otherwise modified from time to time.

” means, collectively, Borrower’s obligations for the payment of the Debt and the performance of all obligations of Borrower contained in the Loan Documents.

LOAN AGREEMENT – Page 17

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