Passive Asset definition

Passive Asset means any asset that produces passive income or that is held for the production of passive income for purposes of the PFIC Provisions taking into account the facts and circumstances that will exist immediately after the Closing.
Sample 1

Examples of Passive Asset in a sentence

  • PASSIVE ASSET TRANSACTIONS, LLC Prior Names: Passive Asset Transactions, Inc.

  • RFC Asset Holdings II, LLC By: Name: Title: Passive Asset Transactions, LLC By: Name: Title: * Form to be amended from time to time by agreement of the parties.

  • Passive Asset Transactions, LLC Provident Funding Associates, L.P. All Provident Warehouse Notes, including, without limitation, that certain Servicing Facility Promissory Note, dated as of June 14, 2007, and issued by Provident Funding Associates, L.P. in favor of RFC.

  • Passive Asset Transactions, LLC Pledged Note Issuer Pledged Note Pledged Note Holder Provident Funding Associates, L.P. All Provident Warehouse Notes, including, without limitation, that certain Servicing Facility Promissory Note, dated as of June 14, 2007, and issued by Provident Funding Associates, L.P. in favor of RFC.

Related to Passive Asset

  • Passive RFID tag means a tag that reflects energy from the reader/interrogator or that receives and temporarily stores a small amount of energy from the reader/interrogator signal in order to generate the tag response. The only acceptable tags are EPC Class 1 passive RFID tags that meet the EPCglobal\TM\ Class 1 Generation 2 standard.

  • Passive Investor means a person that:

  • Substantial U.S. Market Interest means “substantial U.S. market interest” as that term is defined in Regulation S;

  • Public Vehicle means a Person whose securities are listed and traded on a national securities exchange and shall include a majority owned subsidiary of any such Person or any operating partnership through which such Person conducts all or substantially all of its business.

  • Company IT Assets means all Software, systems, servers, computers, hardware, firmware, middleware, networks, data, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation owned by or licensed, pursuant to valid and enforceable license agreements, to the Company and its Subsidiaries.