Indemnifier. In consideration of the Landlord's accepting this offer, the Indemnifier agrees: (a) To guarantee the obligations of the Tenant pursuant hereto. (b) To indemnify the Landlord against any losses, damages and costs incurred by the Landlord as a result of any default by the Tenant pursuant hereto. (c) If the Tenant fails to do so as and when required, to perform all obligations of the Tenant pursuant to the terms of this Lease. (d) In the event of the termination of this Lease to be executed pursuant hereto as a result of the default of the Tenant or following bankruptcy of the Tenant, at the option of the Landlord to enter into a new agreement to Lease and Lease for what would have been the balance of the Term but for such termination on the same terms as would have applied to the balance of the Term but for such termination. (e) To execute, withing fifteen (15) days after request by the Landlord, the Landlord's form of indemnity agreement containing, inter alia, all of the foregoing provisions, it being agreed that until execution thereof, in addition to the Landlord's other rights, the Landlord shall have such rights against the Indemnifier as if such indemnity agreement had been executed and delivered to the Landlord.
Appears in 2 contracts
Sources: Lease Agreement (International Menu Solutions Corp), Lease Agreement (International Menu Solutions Corp)