Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 247

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 247
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 Lease (a) that provides for annual rentals of $75,000 or more or (b) that relates to real property comprising more than 5,000 square feet of space; provided that any Company Space Lease solely between the Company and any Company Subsidiary or solely between Company Subsidiaries will not constitute a Material Company Space Lease.

“Merger Agreement” means the agreement and plan of merger dated November 22, 2024 by and among NXDT, NXDT OP, NXDT Intermediary, the REIT, NHT Intermediary, NHT Holdings, NHT OP and New NHT including all schedules annexed hereto, together with the Company Disclosure Letter and the NXDT Disclosure Letter, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

“New NHT Board” means the board of directors of New NHT will initially consist of Dustin Dulin, or such other individual or individuals as may be mutually agreed to by the Parties.

“New NHT Shares” means the 100,000,000 shares of common stock that New NHT which will be authorized to issue up to.

“NHT Holdings Interests” means the limited liability company interests in NHT Holdings.

“NHT Intermediary Interests” means the limited liability company interests in NHT Intermediary.

“NHT OP LLC Agreement” means the limited liability company agreement of NHT OP, as in effect as of the date hereof and together with all amendments thereto.

“NHT OP Units” means the approximately 99.3% of the outstanding units of limited partnership interest in NHT OP indirectly owned by the REIT.

“NXDT Board” means the board of trustees of NXDT.

“NXDT Common Shares” means common shares, par value $0.001 per share, of NXDT.

“NXDT Disclosure Letter” means the disclosure letter which has been delivered by NXDT to the Company in connection with the execution and delivery of the Merger Agreement, including the documents attached to or incorporated by reference in such disclosure letter.

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“NXDT Material Adverse Effect” means any change, event, state of facts or development that has had or would reasonably be expected to have a material adverse effect on the ability of NXDT or NXDT OP to consummate the Mergers before the Outside Date.

“NXDT Parties” means NXDT, NXDT Intermedi