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16.3 Notwithstanding any assignment or subletting, Tenant and any guarantor of Tenant's obligations under this lease shall at all times remain fully responsible and liable for the payment of the rent herein specified and for compliance with all of its other obligations under this lease (even if future assignments and sublettings occur subsequent to the assignment of subletting by Tenant, and regardless of whether or not Tenant's approval has been obtained for such future assignments and sublettings). Moreover, in the event that the rental due and payable by a sublessee (or a combination of the rental payable under such sublease plus any bonus or other consideration therefor or incident thereto) exceeds the rental payable under this lease, or if with respect to a permitted assignment, permitted license or other transfer by Tenant permitted by landlord, the consideration payable to Tenant by the assignee, licensee or other transferee exceeds the rental payable under this lease, then Tenant shall be bound and obligated to pay landlord all such excess rental and other excess consideration within ten (10) days following receipt thereof by Tenant from such sublessee, assignee, licensee or other transferee, as the case may be. Finally, In any event of assignment or subletting It Is understood and agreed that all rentals paid to Tenant by an assignee or sublessee shall be received by Tenant In trust for landlord, to be forwarded Immediately to landlord without offset or reduction of any kind, and upon election by landlord such rentals shall be paid directly to landlord as specified in Section 4.1 of this lease (to be applied as a credit and offset to Tenant's rental obligations). 16.4 Tenant shall not mortgage, pledge or otherwise encumber its interest in this lease or in the Demised Premises. 16.5 In the event of the transfer and assignment by landlord of its interest in this lease and in the building containing the Demised Premises to a person expressly assuming landlord's obligations under this lease, landlord shall thereby be released from any further obligations hereunder, and Tenant agrees to look solely to such successor In Interest of the landlord for performance of such obligations. Any security given by Tenant to secure performance of Tenant's obligations hereunder may be assigned and transferred by landlord to such successor in interest, and landlord shall thereby be discharged of any further obligation relating thereto. ARTICLE XVII. TAXES AND INSURANCE 17.1 Tenant shall be liable for all taxes levied against personal property and trade fixtures placed by Tenant in the Demised Premises. If any such taxes are levied against landlord's property and if landlord elects to pay the same or if the assessed value of landlord's property is increased by inclusion of personal property and trade fixtures placed by Tenant in the Demised Premises and landlord elects to pay the taxes based on such increase, Tenant shall pay to landlord upon demand that part of such taxes for which Tenant is primarily liable hereunder. 17.2 Except as provided in Section 17.1 and 17.3, Tenant shall payor cause to be paid all its pro rata share of general real estate taxes, general and special assessments, parking surcharges and other governmental charges (hereinafter collectively referred to as "the general taxes") levied against the Shopping Center for each real estate tax year. Tenant shall pay to landlord upon demand, and in addition to the rentals and other charges prescribed in this lease, its share of general taxes attributable to the Demised Premises. The payment to be made by Tenant for the real estate tax year in which this lease terminates shall bear the same ratio to the payment which would be required to be made for the full tax year as the number of days of such tax year which elapsed prior to termination of this lease bears to a full tax year. 17.3 If at any time during the primary term of this lease or any renewal or extension thereof a tax or excise on rents, or other tax however described (except any franchise, estate, inheritance, capital stock, income or excess profits tax imposed upon landlord) is levied or assessed against landlord by any lawful taxing authority on account of landlord's interest in this lease or the rents or other charges reserved hereunder, as a substitute in whole or in part, or in addition to the general taxes described in Section 17.2 above. Tenant agrees to pay to landlord upon demand, and in addition to the rentals and other charges prescribed in this lease, the amount of such tax or excise. In the event any such tax or excise is levied or lì\!ITiAL /IIS1Kllla J(etwi UrollfJ. f/le:. . _16_- 1.2 .~