Air and Development Rights. No Credit Party shall sell, assign encumber, lease, mortgage, pledge, charge, hypothecate, grant a security interest in or otherwise transfer any interest which a Credit Party has in air, subsurface or development rights with respect to the Property.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement (Empire State Building Associates L.L.C.), Loan Agreement (Empire State Realty Trust, Inc.)
