PURSUANT TO SUBSECTION 26. 02(b) OF THE TEXAS BUSINESS AND COMMERCE CODE, A LOAN AGREEMENT IN WHICH THE AMOUNT INVOLVED THEREIN EXCEEDS $50,000 IN VALUE IS NOT ENFORCEABLE UNLESS THE AGREEMENT IS IN WRITING AND SIGNED BY THE PARTY TO BE BOUND OR BY THAT PARTY'S AUTHORIZED REPRESENTATIVE.
Appears in 2 contracts
Sources: Assumption, Extension and Modification Agreement (Alterra Healthcare Corp), Collateral Disposition Agreement (Alterra Healthcare Corp)
PURSUANT TO SUBSECTION 26. 02(b) OF THE TEXAS BUSINESS AND COMMERCE CODE, A LOAN AGREEMENT IN WHICH THE AMOUNT INVOLVED THEREIN EXCEEDS $50,000 IN VALUE IS NOT ENFORCEABLE UNLESS THE AGREEMENT IS IN WRITING AND SIGNED BY THE PARTY TO BE BOUND OR BY THAT PARTY'S ’S AUTHORIZED REPRESENTATIVE.
Appears in 1 contract
Sources: Assumption Agreement (Behringer Harvard Opportunity REIT I, Inc.)