Intangible Personal Property definition

Intangible Personal Property means incorporeal personal property including, but not limited to, deposits in banks, negotiable instruments, mortgages, debts, receivables, shares of stock, bonds, notes, credits, evidences of an interest in property, evidences of debt, and choses in action generally.

Intangible Personal Property has the meaning ascribed to it in Section 1.01(a)(vii).

Intangible Personal Property means a claim, interest (other than an interest in tangible property), right, or other thing that has value but cannot be seen, felt, weighed, measured, or otherwise perceived by the senses, although its existence may be evidenced by a document. It includes a stock, bond, note or account receivable, franchise, license or permit, demand or time deposit, certificate of deposit, share account, share certificate account, share deposit account, insurance policy, annuity, pension, cause of action, contract, and goodwill.

Examples of Intangible Personal Property in a sentence

• All income, except any Intangible Personal Property, and expenses with respect to the Property, and applicable to the period of time before and after Closing, determined in accordance with sound accounting principles consistently applied, shall be allocated between the Contributors and the Acquiror.

• All income, except any Intangible Personal Property, and expenses with respect to the Property, and applicable to the period of time before and after Closing, determined in accordance with sound accounting principles consistently applied, shall be allocated between the Contributor and the Acquiror.

• All of the Tangible Personal Property, Intangible Personal Property and Inventory being conveyed by the Contributor to the Acquiror or to the Acquiror's managing agent, lessee or designee, will be free and clear of all liens, leases (other than the Leases) and other encumbrances on the date of Closing and the Contributor has good, merchantable title thereto and the right to convey same in accordance with the terms of the Agreement.

• All Personal Property and Intangible Personal Property shall be conveyed to Buyer by Seller at the Close of Escrow free from any liens, encumbrances or security interests of any kind or nature other than the Permitted Exceptions.

• All of the Tangible Personal Property and Intangible Personal Property being conveyed by Transferor to Transferee is free and clear of all liens and encumbrances and will be so on the Closing Date and Transferor has good, merchantable title thereto and the right to convey same in accordance with the terms of this Agreement.

More Definitions of Intangible Personal Property

Intangible Personal Property means all intangible personal property owned by Landlord and used solely in connection with the ownership, operation, leasing or maintenance of the Real Property or the Tangible Personal Property, and any and all trademarks and copyrights, guarantees, Authorizations, general intangibles, business records, plans and specifications, surveys, all licenses, permits and approvals solely with respect to the construction, ownership, operation or maintenance of the Property.

Intangible Personal Property means all, right, title and interest relating to the Property in and to all intangible personal property now or hereafter used in connection with the operation, ownership, maintenance, management, or occupancy of the Property, including without limitation: all trade names and trademarks associated with the ownership of the Property; the plans and specifications for the Improvements; warranties; guaranties; indemnities; claims against third parties; claims against tenants for tenant improvement reimbursements; all contract rights related to the construction, operation, ownership or management of the Property; certificates of occupancy; applications, permits, approvals and licenses; insurance proceeds and condemnation awards or claims thereto to be assigned to the Operating Partnership hereunder; all books and records relating to the Property; any existing computer software or programs; any franchise agreements which shall not be terminated at the Closing and are to be assigned to the Operating Partnership, if any; any records, files, lists, and other tangible assets that pertain to the Property, including lists and records pertaining to any one or more of the following: the Contributor’s customers, suppliers, advertising, promotional material, sales, services, delivery, and/or operations, except those items, if any, required to be retained by law, including accounting records and returns.

Intangible Personal Property means the Intellectual Property and other intangible personal property used primarily in connection with the Assets, and includes, without limitation, (i) the intangible personal property described on Part VII of Schedule I and (ii) all interest of Echelon and its Subsidiaries in all assignable credit records, security codes, assignable telephone numbers, warranties and guarantees; provided, that in no event shall "Intangible Personal Property" include any intellectual property or other intangible personal property used primarily in connection with the Other Assets.

Intangible Personal Property shall have the meaning given such term in Section 3(v).

Intangible Personal Property means all intangible personal property owned or possessed by the Contributors and used in connection with the ownership, operation, leasing, occupancy or maintenance of the Property, including, without limitation, the right to use the trade name "Holiday Inn" and all variations thereof, the Authorizations, escrow accounts, insurance policies, general intangibles, business records, plans and specifications, surveys and title insurance policies pertaining to the Real Property and the Personal Property, all licenses, permits and approvals with respect to the construction, ownership, operation, leasing, occupancy or maintenance of the Property, any unpaid award for taking by condemnation or any damage to the Land by reason of a change of grade or location of or access to any street or highway, and the share of the Tray Ledger as hereinafter defined, excluding (a) any of the aforesaid rights the Acquiror elects not to acquire, (b) the Contributors' cash on hand, in bank accounts and invested with financial institutions and (c) accounts receivable except for the above described share of the Tray Ledger.

Intangible Personal Property shall have the meaning set forth in Recital B(4).

Intangible Personal Property means money, all evidences of debt owed to the taxpayer, all evidences of ownership in a corporation or other business organization having multiple owners, and all other forms of property where value is based upon that which the property represents rather than its own intrinsic value.