Common use of By GEL Clause in Contracts

By GEL. (1) If Desert Vista shall fail to comply in any material respect with any of his covenants or agreements contained in this Agreement or if any of the representation or warranties of Desert Vista contained herein shall be inaccurate in any material respect; In the event this Agreement is terminated pursuant to this Paragraph, this Agreement shall be of no further force or effect, no obligation, right, or liability shall arise hereunder, and each party shall bear its own costs as well as the legal, accounting, printing, and other costs incurred in connection with negotiation, preparation and execution of the Agreement and the transactions herein contemplated.

Appears in 5 contracts

Samples: Stock Purchase Agreement (Green Endeavors, Inc.), Stock Purchase Agreement (Green Endeavors, Ltd.), Stock Purchase Agreement (Green Endeavors, Ltd.)

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