Common use of The Intangible Property Clause in Contracts

The Intangible Property. All intangible property and rights now or on the Closing Date (as hereinafter defined) owned or held by, or in favor of, the Seller in connection with the Property, the Improvements and the Personal Property or the use thereof, or any business or businesses conducted thereon, building and trade names (including all of the Seller's interest in the name Lake Crystal Apartments), business licenses, warranties (including those relating to construction or fabrication), utility contracts, telephone exchange numbers, advertising materials, plans and specifications, engineering plans and studies, soil reports, governmental approvals and development rights related to the Property and the Improvements or any part thereof and any credits, reimbursements or other amounts payable to the owner of any portion of the Property, the Improvements and the Personal Property (collectively the "Intangible Property");