General Intangible Sample Clauses
The "General Intangible" clause defines a category of collateral in secured transactions, encompassing a wide range of personal property that does not fall under more specific asset types like accounts, inventory, or equipment. This can include intellectual property rights, software, goodwill, payment intangibles, and other non-physical assets that have value but are not easily categorized. By clearly identifying these assets as part of the collateral, the clause ensures that the lender's security interest extends to valuable property that might otherwise be overlooked, thereby broadening the scope of the lender's protection and reducing the risk of unsecured exposure.
General Intangible. As of December 31, 2006, our loan balance with the Crestmark Bank was $1,157,806.
General Intangible. Instrument.
General Intangible. As applied to any Person, all now owned or hereafter acquired right, title, and interest with respect to “general intangibles” (as such term is defined from time to time in the UCC), and any and all supporting obligations in respect thereof.
General Intangible. As of June 31, 2006, our loan balance with the Crestmark Bank is zero.
General Intangible. 9 GMH................................................................... 9