Company: NXDT
Filing Date: 2025-01-21
Form Type: 424B3
Source: 0001437749-25-001494
Chunk: 243

Company: NEXPOINT DIVERSIFIED REAL ESTATE TRUST
Filing Date: 2025-01-21
Form: 424B3
Chunk 243
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 Date.

<div align='center'>A-3</div>

“Company Merger Effective Time” means the date and time of when the Company Merger will become effective either upon the later of the acceptance for record of the Company Merger Certificate by the DSOS or such other date and time not more than 30 days after acceptance for record by the DSOS of the Company Merger Certificate as may be mutually agreed to by New NHT and NXDT Intermediary and specified in the Company Merger Certificate in accordance with the DLLCA and the DGCL.

“Company Permit” means the franchises, authorizations, licenses, permits, certificates, variances, exemptions, approvals and orders of any Governmental Entity (each a “Permit”) necessary for the Company and each Company Subsidiary to own, lease and operate its properties and assets, and to carry on and operate its businesses as currently conducted as of the date hereof.

“Company Securities Filings” means all registration statements, prospectuses, forms, reports, definitive proxy statements, schedules and documents required to be filed or furnished by the Company and each Company Subsidiary, as applicable, under the applicable Securities Laws, as the case may be, and any other documents filed by the Company and each Company Subsidiary, as applicable, with the Securities Authorities, as they may have been supplemented, modified or amended since the time of filing, including those filed or furnished subsequent to the date of the Merger Agreement.

“Company Subsidiary” means any Subsidiary of the Company, including NHT OP and its Subsidiaries.

“Company Termination Fee” means an amount equal to $370,000.

“Conflicted Trustee” means James Dondero, who serves on the Board and the NXDT Board and who has interests that present actual or potential conflicts of interest in connection with the Reorganization, the Mergers and the transactions contemplated by this Agreement.

“Contract” means any binding agreement, contract, lease (whether for real or personal property), commitment, note, bond, mortgage, indenture, deed of trust, loan or evidence of Indebtedness, to which a Person is a party or to which the properties or assets of such Person are subject.

“Convertible Promissory Notes” means the convertible promissory notes issued by the REIT.

“Deferred Unit” means the deferred trust units granted under the Omnibus Plan and the Deferred Unit Plan.

“Development Expenditures” means as