Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1398

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1398
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 or , then the Maturity Date shall be extended to the First Extended Maturity Date or Second Extended Maturity Date, as applicable.

: As such term in defined in .

: As such term is defined in .

: Shall mean (i) for the test of the Debt Service Coverage Ratio and Debt to Equity Ratio as of September 30, 2023, the nine (9) consecutive calendar months ended on such Measurement Date, and (ii) for the test of the Debt Service Coverage Ratio and Debt to Equity Ratio as of December 31, 2023, and each Measurement Date thereafter through and until the Maturity Date, the twelve (12) consecutive calendar months ended on such Measurement Date.

: As of any determination date, an amount equal to five percent (5%) of the Loan Amount on such date.

: For any accounting period, to the extent subtracted from Operating Income, expenses properly attributable to such period for depreciation, amortization, and other non-cash items as determined in accordance with GAAP; provided that Non-Cash Expenses shall include amortization of non-cash compensation provided to employees of the Guarantor or any of its Subsidiaries.

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I-1074</div>

: A promissory note, in the Loan Amount, executed by Borrower and payable to the order of Lender, evidencing the Loan.

:All present and future indebtedness, obligations, and liabilities of Borrower or Guarantor to Lender, and all renewals and extensions thereof, or any part thereof, or any part thereof, arising pursuant to the Loan Documents (including, without limitation, the indemnity provisions hereof), and all interest accruing thereon, and attorneys’ fees incurred in the enforcement or collection thereof, regardless of whether such indebtedness, obligations, and liabilities are direct, indirect, fixed, contingent, joint, several, or joint and several.

: As defined in .

: The disbursement of Loan proceeds.

: For any period, at the time of calculation, the Guarantor’s business income from operations, determined in accordance with GAAP.

: Any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document.

: Any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental