GEOK definition
Examples of GEOK in a sentence
If, pursuant to the immediately preceding sentence hereof, either GEOK or Sellers bears, through a charge to or set-off against the Deposit, such fees and expenses, the Party failing to pay its portion of the Ordinary Fees and Expenses shall reimburse the other Party for the amount paid within thirty (30) calendar days following written demand therefor.
This Agreement is for the sole and exclusive benefit of GEOK, Sellers and Escrow Agent, and nothing in this Agreement, express or implied, is intended to confer or shall be construed as conferring upon any other person any rights remedies or any other type or types of benefits.
The terms and provisions of this Agreement constitute the entire agreement among the Parties in respect of the subject matter hereof (except for the Purchase Agreement as between the Other Parties), and neither of GEOK or Sellers nor Escrow Agent has relied on any representations or agreements of the other, except as specifically set forth in this Agreement.
The Escrow Agent shall, if requested in writing by GEOK and Sellers, execute such agreements, assignments and other documents (in form and substance reasonably acceptable to Escrow Agent) as shall be necessary to transfer to the substitute escrow agent all duties and obligations of Escrow Agent under this Agreement and in the investments made pursuant to this Agreement.
For the purposes hereof, securities of GEOK distributed to the Members shall be valued in accordance with Article XII hereof.
The Parties agree that the forum for resolution of any dispute arising under this Agreement shall be ▇▇▇▇▇▇ County, Texas, and each of GEOK and Sellers hereby consents, and submits itself, to the jurisdiction of any state or federal court sitting in ▇▇▇▇▇▇ County, Texas.
If a Claim or Claims have been delivered to Escrow Agent prior to the Claims Submission Deadline and Escrow Agent has not disbursed amounts from the Deposit to GEOK to pay each such Claim(s), Escrow Agent shall disburse any of the remaining Deposit to the extent that such amount exceeds the amount of the Claim or Claims pending as of the Claims Submission Deadline.
In the event of a dispute between GEOK and Sellers with respect to the distribution of the Deposit, the prevailing party shall be entitled to be reimbursed by the other party for all reasonable costs, including attorneys fees, incurred as a result of such dispute.
Promptly following the Claims Submission Deadline, GEOK shall submit a written instruction authorizing the Escrow Agent to make the disbursement contemplated by the preceding sentence.
To the extent any amount of the Deposit remains after the Claims Submission Deadline with respect to any pending Claim or Claims, promptly following the resolution of such Claim or Claims, GEOK shall submit a written instruction authorizing the Escrow Agent to disburse the amount of such remaining Deposit, if any, to Sellers.