Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2120

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2120
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% of the direct interests in NHT Intermediary, LLC, a Delaware limited liability company, from Holdco to NexPoint Trust (but only if NexPoint Trust executes a joinder to the Guaranty and the Environmental Indemnity prior to such Transfer, and provides Administrative Agent with such evidence of authorization and legal opinions as Administrative Agent shall require prior to such Transfer); , , no such Transfer described in clauses (a) through (d) above shall result in: (i) (A) Guarantor and NexPoint Real Estate Opportunities, LLC, a Delaware limited liability company, collectively, failing to own at least fifty-one percent (51%) of the direct or indirect ownership interests in Borrower or (B) Guarantor failing to own at least twenty-seven percent (27%) of the direct or indirect ownership interests in Borrower, or (C) a change in Control of a Restricted Party; or (D) with respect to any Transfer described in clause (i) above only, NexPoint Advisors failing to remain the investment advisor of Guarantor; (ii) the termination or dissolution of a Restricted Party (by operation of law or otherwise); (iii) the representations contained in Sections 4.21 or 4.22 being untrue if made immediately following such Transfer; (iv) Borrower failing to be a Special Purpose Entity; and (v) other than a Transfer described in clause (i) above, if such Transfer would cause the transferee to increase its direct or indirect interest in Borrower to an amount which equals or exceeds 10% of the direct or indirect ownership interests in Borrower (and such transferee did not hold at least a 10% interest prior to such Transfer), such proposed transferee shall have complied with all of Administrative Agent’s “” requirements, all material Legal Requirements, and Borrower shall, prior to such Transfer, deliver to Administrative Agent (at Borrower’s sole cost and expense) customary searches (credit, judgment, lien, etc.) acceptable to Administrative Agent with respect to such transferee.

” means any individual, corporation, partnership, joint venture, limited liability company, estate, trust, unincorporated association, any Governmental Authority, and any fiduciary acting in such capacity on behalf of any of the foregoing.

” means (a) with respect to any prepayment made on or before the Payment Date in September, 2020, an amount equal to the greater of (i) one percent (1%) of the amount of the Loan being prepaid,