Common use of Transaction Financing Clause in Contracts

Transaction Financing. Each of Purchaser and any applicable Purchaser Subsidiary has or will have at Closing, all funds necessary to fund its obligations under this Agreement and the other Transaction Documents. Notwithstanding that the availability of such financing is not a condition to the obligations of Parent or Purchaser hereunder, attached hereto as Exhibit A is a description of the financing currently anticipated to be used by Purchaser to complete the Sale and the other transactions contemplated hereby (the "Financing").

Appears in 2 contracts

Sources: Transaction Agreement (Affordable Residential Communities Inc), Transaction Agreement (Chateau Communities Inc)