Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 2121

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 2121
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 and (ii) the product of (A) the amount of the Loan being prepaid. multiplied by (B) the product of (x) the quotient of (I) the Spread divided by (II) three hundred sixty (360). multiplied by (y) the number of days remaining from the date of such prepayment through and including the Payment Date in September, 2020, and (b) with respect to any prepayment made after the Payment Date in September, 2020, there shall be no required Prepayment Premium.

” means the property improvement plan, reflected in the Project Budget, and required to be completed by the Franchisor with respect to the individual Property known as the St. Petersburg, Florida Marriott, and as applicable, any property improvement plan required by the Franchisor with respect to the individual Property known as the Dallas Hilton Garden Inn.

LOAN AGREEMENT – Page 20

<div align='center'>I-1694</div>

” means the budget of costs and expenses to be incurred in connection with the completion by Borrower of the Project, attached hereto as Exhibit D, as the same may be updated from time to time to reflect a budget for the Hilton Garden Inn.

” means costs and expenses incurred in connection with the completion by Borrower of the Project in accordance with the Project Budget.

” means each parcel of real property described on Exhibit A attached hereto, the Improvements thereon and all Personal Property owned or leased by Borrower and encumbered by the Security Instrument, together with all rights pertaining to such property and Improvements, as more particularly described in the granting clause of the Security Instrument and referred to therein as the “”.

” means all real estate and personal property taxes, assessments, water rates or sewer rents (excluding income taxes), now or hereafter levied or assessed or imposed against the Property or part thereof, together with all interest and penalties thereon. In no event shall any PACE Loan be considered a Property Tax for the purposes of this Agreement.

” means either (a) Franchisor; or (b) a franchisor of hotel properties similar in size, scope, use and value as the Property that is acceptable to Administrative Agent.

” means (a) prior to a Securitization, each of S&P, Moody’s, Fitch, DBRS, Inc., Morningstar, Inc., or Kroll Bond Ratings, or any other nationally recognized statistical rating agency which has been approved by Administrative Agent, and (b) after a Sec