Examples of Third Party Lease in a sentence
Assignee agrees to fully, completely and unconditionally indemnify and hold Assignor harmless from and against all claims, losses, expenses, liabilities, damages, including without limitation, interest and penalties, attorneys’ fees, and all amounts paid in settlement of any claim, that may be asserted against Assignor, or which Assignor may incur or suffer and that arise under a Third Party Lease, License or Contract after the date of closing of the transaction contemplated in the Agreement.
Assignor agrees to fully, completely and unconditionally indemnify and hold Assignee harmless from and against all claims, losses, expenses, liabilities, damages, including without limitation, interest and penalties, attorneys’ fees, and all amounts paid in settlement of any claim, that may be asserted against Assignee, or which Assignee may incur or suffer and that arise under a Third Party Lease, License or Contract prior to the date of closing of the transaction contemplated in the Agreement.
This includes the rights and obligations to collect all rent payable under the Third Party Lease, to accept surrender of the premises, seek eviction of the Tenant, and otherwise enforce the terms and provisions of the Third Party Lease.
Notwithstanding this Agreement, as between Licensor and Licensee, Licensor shall retain all rights and obligations of the landlord under the Third Party Lease.
To the extent that the Third Party Lease remains in effect as of the Commencement Date and the Ag Lot is located within Puuwai-5 and/or Puuwai-6, this Agreement, and Licensee’s rights under this Agreement, shall be subject to the Third Party Lease and the Tenant’s right to use and occupy the Ag Lot (or portion thereof) located within Puuwai-5 and/or Puuwai-6.