Refinancing Proposal. Trustor agrees that at such time as the Loan is refinanced, Trustor shall permit Beneficiary to offer a proposal for such refinancing upon Beneficiary’s then-current underwriting standards. In the event that Trustor shall solicit refinancing proposals from any other bank or credit source, Trustor shall give Beneficiary the right to offer to Trustor a proposal on similar or more favorable terms then other competing proposals. Notwithstanding the foregoing, Trustor acknowledges that Beneficiary is under no obligation whatsoever to make any proposal to Trustor on any specific terms and conditions.
Appears in 4 contracts
Samples: Leasehold and Fee (Grubb & Ellis Healthcare REIT, Inc.), Grubb & Ellis Healthcare REIT, Inc., NNN Healthcare/Office REIT, Inc.
