Common use of Intangible Personalty Clause in Contracts

Intangible Personalty. All the right, title and interest of Seller, if any, in and to assignable licenses and permits relating to the operation of the Property, assignable guaranties and warranties from any contractor, manufacturer or other person in connection with the construction or operation of the Property, and the right to use the name of the Property (if any), but specifically excluding any right, title or interest of Seller in any trademarks, service marks and trade names of Seller (including, without limitation, the name “KBS” or any derivative thereof, or any name that includes the word “KBS” or any derivative thereof) and with reservation by Seller to use such name in connection with other property owned by Seller in the vicinity of the Property.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (KBS Growth & Income REIT, Inc.), Purchase and Sale Agreement (KBS Real Estate Investment Trust II, Inc.), Option Agreement (KBS Growth & Income REIT, Inc.)

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