NOTICE AND AGREEMENT. Pursuant to Section 26.02(e) of the Texas Business and Commercial Code, Borrower takes notice of and covenants and agrees to the following: (a) No agreement involving a loan of more than $50,000 in value is enforceable unless the agreement is in writing and signed by the party to be bound or by that party’s authorized representative. THUS, AN AGREEMENT OR COMMITMENT TO MAKE SUCH A LOAN MUST BE IN WRITING AND SIGNED BY THE PROPOSED LENDER OR IT WILL NOT BE ENFORCEABLE. (b) The rights and obligations of Borrower and Lender under the Loan Documents shall be determined solely from the Loan Documents, and any prior oral agreements between Borrower and Lender relating to the Loan are superseded by and merged into the Loan Documents. (c) The following notice is given pursuant to Section 26.02(e) of the Texas
Appears in 4 contracts
Samples: Leasehold Deed of Trust (Grubb & Ellis Healthcare REIT II, Inc.), Leasehold Deed of Trust (Grubb & Ellis Healthcare REIT II, Inc.), Leasehold Deed of Trust (Grubb & Ellis Healthcare REIT II, Inc.)
