Hot Assets definition

Hot Assets has the meaning set forth in Section 6.10(d).
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Hot Assets means those assets in categories III, IV, V, VI and VII of IRS Form 8594 that are subject to Tax at rates other than the long-term capital gain rate (for example, inventory at last-in/first-out, or “LIFO,” values and assets subject to depreciation recapture pursuant to Section 1245 or Section 1250 of the Code).
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Examples of Hot Assets in a sentence

  • No payments under the Closing Notes shall be allocated to the Hot Assets unless the fair market value of the Hot Assets exceed the cash portion of the Step 5 Consideration and, in such case, payments under the Closing Notes shall only to allocated to Hot Assets to the extent of such excess.

  • However, upon the infusion of such capital or a new capital from a new Member, an existing Member's share of "Hot Assets" shall not change.

Related to Hot Assets

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometer-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centers, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • IT Assets means computers, software, servers, networks, workstations, routers, hubs, circuits, switches, data communications lines, and all other information technology equipment, and all associated documentation.