Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1205

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1205
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 the Lenders from time to time party thereto, and Administrative Agent (as the same may be amended, the ""), Lender has agreed to make a Loan to Borrower on the terms and conditions described therein; capitalized terms not defined herein shall have the respective meanings set forth in the Loan Agreement; and

WHEREAS, Lender is not willing to make the Loan to Borrower unless Guarantor executes and delivers this Guaranty.

NOW, THEREFORE, as an inducement to Lender to make the Loan to Borrower, and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, Guarantor hereby agrees as follows:

1..

(a)Guarantor hereby irrevocably and unconditionally guarantees to Administrative Agent (for the benefit of the Lenders) the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants and agrees that it is fully and personally liable for the Guaranteed Obligations as a primary obligor as set forth herein. As used herein, the term "" means the payment of (i) the Required Equity (as defined in the Loan Agreement) pursuant to of the Loan Agreement; (ii) all Leasing Expenditures in excess of the aggregate Additional Advances allocated for Leasing Expenditures pursuant to the Loan Agreement (the ""); , , the maximum sum of such Leasing Expenditures Guaranty shall not exceed the sum of $9,600,000.00; (iii) the sum of the Required Pay Down, plus all other amounts due pursuant to of the Loan Agreement, when required pursuant to of the Loan Agreement; and (iv) all amounts that are due and payable under the Master Lease.

(b)Guarantor acknowledges and agrees that the unpaid amount of the Guaranteed Obligations as described in this , if not paid when due pursuant to this Guaranty and the other Loan Documents, shall, at Administrative Agent's election in its sole and absolute discretion, be deemed to be added to and form a part of the Debt for all purposes under the Loan Documents (it being agreed that neither Administrative Agent nor Lender shall be required to demonstrate that it has suffered a Loss in such amount in order to recover such amounts from Guarantor). For the avoidance of doubt, Guarantor's obligation to pay the unpaid amount of the Guaranteed Obligations as described in this shall