Property Interest. (i) Owner is the holder of a valid operating leasehold interest in the Property pursuant to the Operating Lease, free and clear of all Liens, except for Permitted Encumbrances.
Appears in 3 contracts
Samples: Option Agreement (Empire State Realty Trust, Inc.), Option Agreement (Empire State Realty Trust, Inc.), Option Agreement (Empire State Realty Trust, Inc.)
Property Interest. (i) Owner is is: (A) the holder of fee title to Parcel I pursuant to the Deed; (B) the holder of a valid operating leasehold subleasehold interest in the Property Parcel I pursuant to the Operating Sublease; and (C) the holder of a valid ground leasehold estate in the Parcel II pursuant to the Ground Lease, in each case, free and clear of all Liens, except for Permitted Encumbrances.
Appears in 3 contracts
Samples: Option Agreement (Empire State Realty Trust, Inc.), Option Agreement (Empire State Realty Trust, Inc.), Option Agreement (Empire State Realty Trust, Inc.)
Property Interest. (i) Owner is the holder of a valid operating ground leasehold interest estate in the Property pursuant to the Operating Ground Lease, free and clear of all Liens, except for Permitted Encumbrances.
Appears in 3 contracts
Samples: Option Agreement (Empire State Realty Trust, Inc.), Option Agreement (Empire State Realty Trust, Inc.), Option Agreement (Empire State Realty Trust, Inc.)
