Required Financing. Notwithstanding that the availability of financing is not a condition to the obligations of Parent or Purchaser hereunder, Purchaser and Parent agree to arrange the Financing (as defined herein) and to satisfy the conditions set forth in the agreements relating to the Financing. Purchaser shall keep Seller informed of the status of its arrangements with respect to the Financing. Purchaser shall provide notice to Seller within 24 hours of any material developments affecting the status of the Financing.
Appears in 2 contracts
Sources: Transaction Agreement (Affordable Residential Communities Inc), Transaction Agreement (Chateau Communities Inc)