Tenant’s Responsibility under Lands’ End Agreements and Sears Hometown License Agreement Sample Clauses

Tenant’s Responsibility under Lands’ End Agreements and Sears Hometown License Agreement. (a) Landlord and Tenant acknowledge that Sears, Xxxxxxx and Co. (“SRC”), Kmart Corporation (“KMC”), Landlord and Tenant have entered into a certain letter agreement dated of even date herewith (the “LE-SHO Letter Agreement”) with respect to the Lands’ End Lease as it relates to the Lands’ End Space and the Sears Hometown License Agreement as it relates to the Sears Hometown Space. Notwithstanding any provision to the contrary in this Master Lease, Tenant agrees that (i) Tenant is, and shall cause SRC to be, solely responsible to perform and discharge all obligations of the landlord under the Lands’ End Agreements with respect to the Lands’ End Space, and Landlord shall not be responsible therefor, and (ii) Tenant is, and shall cause KMC to be, solely responsible to perform and discharge all obligations of the landlord under the Sears Hometown License Agreement with respect to the Sears Hometown Space, and Landlord shall not be responsible therefor, including without limitation all such obligations (if any) for or with respect to repair, maintenance (including common area maintenance) and alterations. Pursuant to the LE-SHO Letter Agreement, each of SRC and KMC have agreed to, release and indemnify, defend and hold harmless Landlord from all costs, expenses and Liabilities arising from its failure to so perform (except as arising from Landlord’s gross negligence, willful misconduct or breach of the terms of this Lease); provided that Landlord shall be liable for any relocation of the Lands’ End Space and Sears Hometown Space within any Demised Premises pursuant to any Recapture Separation Work. (b) Tenant hereby presently, absolutely and unconditionally assigns to Landlord, from and after the Commencement Date, (i) all of Tenant’s right, title and interest in all current and future rents and the absolute, unconditional and continuing right to receive and collect all rent, and all taxes and other charges (if any) payable by Lands’ End under the Lands’ End Lease with respect to Lands’ End Space at the Demised Premises (collectively, the “LE Rents”) and (ii) all of Tenant’s right, title and interest in all current and future rents and the absolute, unconditional and continuing right to receive and collect all rent, and all taxes and other charges (if any) payable by Sears Hometown under the Sears Hometown License Agreement with respect to Sears Hometown Space at the Demised Premises (collectively, the “Hometown Rents”), it being intended by Tenant that this as...
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Related to Tenant’s Responsibility under Lands’ End Agreements and Sears Hometown License Agreement

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