Common use of Replacement Guarantees Clause in Contracts

Replacement Guarantees. 4.1 The Transferor and the Transferee will make all reasonable endeavours to procure the release of the relevant guarantor from the Existing Guarantees on or before Completion. Insofar as any of the Existing Guarantees cannot be released on or before Completion, the Transferee shall use all reasonable endeavours to procure the release of the relevant guarantor from the Existing Guarantees as soon as practicable after Completion. The Transferee shall be responsible for all costs relating to release of the Existing Guarantees.

Appears in 4 contracts

Samples: Agreement (Cambridge Holdco, Inc.), Agreement (Cambridge Holdco, Inc.), Agreement (Cambridge Holdco, Inc.)

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