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88104891
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1988
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88104891
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Last modified
3/9/2007 5:41:40 PM
Creation date
3/9/2007 4:40:37 AM
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DEEDS
Inst Number
88104891
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<br />88- 104891 <br /> <br />to have and exercise all rights as lessee (including, without <br />limitation, the right to use and occupy the Premises) in <br />accordance with the Lease, and shall have any and all rights to <br />sue for any past, present, future and threatened default(s) of the <br />Lease, all solely for the Assignor's account. <br /> <br />(b) Upon the occurrence of an Event of ,Default, the <br />Assignor shall, upon request of the Assignee, immediately remove <br />itself from the Premises and give possession thereof to the <br />Assignee, who shall thereafter have and enjoy all rights as lessee <br />under the Lease. The Assignor shall be responsible for any and <br />all costs and expenses incurred by the Assignee in connection with <br />the Assignee's taking possession of, occupying and/or utilizing <br />the Premises hereunder (including. without limitation, the cost of <br />any evic~ion or removal proceedings in respec~ of the Premises). <br /> <br />6. Indemnification. <br /> <br />(a) The Assignor shall indemnify and hold harmless the <br />Assignee from and against (i) any and all claims, liability, loss, <br />damage and expense, including reasonable attorneys' fees, which <br />the Assignee mayor shall incur or which may be asserted under or <br />in connection with the Lease, or by reason of any action taken by <br />the Assignee in respect of the Leaee (including, without <br />limitation, any action which the Assignee, in its discretion, may <br />take to protect its interest in the Lease), except to the extent <br />that same may be due to the gross negligence or willful misconduct <br />of the Assignee, and (H) any and all costs, claims and demands <br />whatsoever which may be incurred by or asserted against the <br />Assignee by reason of any alleged obligations or undertakings on <br />its part to perform or discharge the terms, covenants and <br />conditions contained in the Lease. <br /> <br />(b) In the event that the Assignee shall incur any <br />liability as described in paragraphs SIb) and/or 6(a), the amount <br />thereof shall be payable by the Assignor to the Assignee <br />immediately upon demand, or at the option of the Assignee, the <br />Assignee may add same to the Obligations and/or reimburse itself <br />therefor out of any prOfits or fees arising out of the Lease which <br />are collected by the Assignee. <br /> <br />(c) Nothing contained herein shall operate or be <br />construed to obligate the Assignee to perform or satisfy any of <br />the terms, covenants or obligations contained in the Lease, or to <br />take any measures, legal or otherwise, to enforce collection of <br />any profits or fees therefrom, or otherwise to impose any <br />Obligation upon the Assignee with respect to the Lease. <br /> <br />- 4 - <br />
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