Common use of Replacement of Guarantees Clause in Contracts

Replacement of Guarantees. Buyer undertakes to employ its best efforts to, after the Closing, replace the guarantees presented by Sellers in relation to the agreements executed with the Company, particularly those listed in Exhibit 8.4. Buyer shall provide Sellers with release certificates for said guarantees within one hundred and twenty (120) days counted from the Closing Date. In the impossibility to replace any guarantee, the Parties undertake to discuss the best solution for all Parties, it being hereby set forth that Sellers undertake to not revoke any provided guarantees, and the Company shall, after the term of one hundred and twenty (120) days, start compensating Sellers at a sum corresponding to [●] percent ([●]%) of each guaranteed and not replaced obligation.