Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 1401

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 1401
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 Business Day immediately prior thereto, in each case, for such Interest Period.

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I-1076</div>

: The 1-month SOFR term rate administrated by CME (or any successor administrator satisfactory to Lender) and published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by Lender from time to time).

For any Measurement Period, the aggregate of all interest and scheduled amortizing principal payments due during such Measurement Period on all Indebtedness of Guarantor on a consolidated basis with its Subsidiaries, including, without limitation, the debt service payments owed by Borrower on the Loan.

: All liabilities of Guarantor in accordance with GAAP on a consolidated basis, including, without limitation, all debt, accounts payable and liabilities as reported on Guarantor’s financial statements.

: As of any date of determination, the Shareholder’s Equity as presented in accordance with GAAP on a consolidated financial statement of the Guarantor as of such date.

: Borrower, Guarantor, and any other Person party to a Security Document.

: Any sale, transfer, conveyance, alienation, pledge, assignment, encumbrance hypothecation or other disposition of any direct interest in the Borrower or any interest which would result in a change of Control of Borrower, or any interest in any entity which directly or indirectly holds an interest in, or directly or indirectly controls, the Borrower.

: Any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association, or any successor thereto, recommends that the fixed income departments of its members be closed for the entire day for purposes of trading United States government securities.

2.2 Other Definitional Provisions.

All accounting terms used in this Agreement or the other Security Documents shall have, unless otherwise specifically provided herein or therein, the meaning customarily given such term in accordance with GAAP, and all financial computations thereunder shall be computed, unless otherwise specifically provided therein, in accordance with GAAP consistently applied; provided, however, that all financial covenants and calculations in the Security Documents shall be made in accordance with GAAP as in effect on the Effective Date unless Borrower and Lender shall otherwise specifically agree in writing. That certain items or computations are explicitly modified by the phrase “in accordance with GAAP” shall in no way be construed to limit the foregoing. All