Common use of Intangible Personalty Clause in Contracts

Intangible Personalty. All of Seller’s right, title and interest, if any, in and to all of the following items, to the extent assignable and without warranty (the “Intangible Personal Property”): (i) all consents, authorizations, variances or waivers, licenses, permits and approvals from any governmental or quasi-governmental agency, department, board, commission, bureau or other entity or instrumentality, held by Seller in connection with the Property (as defined in the Agreement), (ii) the right to use the name of the Property (if any) in connection with the Property, but specifically excluding the right to use the name Crescent Heights and any other trademarks, logos, trade colors, service marks and trade names of Seller and its affiliates (if any), (iii) if still in effect, guaranties and warranties received by Seller from any contractor, manufacturer or other person in connection with the construction or operation of the Property, and (iv) any information on the Seller’s (or its property manager’s) computer equipment related to the Property and its operations, and any telephone numbers and addresses and other similar intangibles, if any, related to the Property and its operations.

Appears in 2 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Morgans Hotel Group Co.)