Depreciation. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #DMitchellGoldRefractorBGS9.5 going forward. Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 41 of 174 Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 42 of 174 Capitalized terms used but not defined herein have the meanings assigned to such terms in the Limited Liability Company Agreement of Collectable Sports Assets, LLC, as in effect as of the effective date set forth below (the “Agreement”). References to Sections and Articles set forth herein are references to Sections and Articles of the Agreement. Name of Series #AliRookieCardBVG8, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment April 15, 2021 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #AliRookieCardBVG8 with effect from the effective date hereof and shall continue to act as the Managing Member of #AliRookieCardBVG8 until dissolution of #AliRookieCardBVG8 pursuant to Section 11.1(b) or its removal and replacement pursuant to Section 4.3 or ARTICLE X. Initial Member CS Asset Manager, LLC, a Delaware limited liability company Series Asset The Series Assets of #AliRookieCardBVG8 shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #AliRookieCardBVG8 through that certain Consignment Agreement dated as of 3/10/21, as it may be amended from time to time, and any assets and liabilities associated with such asset and such other assets and liabilities acquired by #AliRookieCardBVG8 from time to time, as determined by the Managing Member in its sole discretion. Asset Manager CS Asset Manager, LLC, a Delaware limited liability company. Management Fee As stated in Section 7.1 of the Agreement. Issuance Subject to Section 6.3(a)(i), the maximum number of #AliRookieCardBVG8 Interests the Company can issue may not exceed the purchase price, in the aggregate, of $100,000. Number of #AliRookieCardBVG8 Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #AliRookieCardBVG8 Interests (including in excess of 10%), in its sole discretion, through the Offering. Broker Dalmore Group, LLC, a New York limited liability compa...
Depreciation. For those items of a capital nature that were purchased or for program service use.
Depreciation. For the purpose of depreciation under the Applicable Laws, the property representing the capital investments made by the Concessionaire in the Project shall be deemed to be acquired and owned by the Concessionaire.
Depreciation. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the Series #CURRYBASKET going forward.
Depreciation. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #BreesFinestBasket going forward. Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 50 of 174
Depreciation the total depreciation of Borrower and its Consolidated Subsidiaries as measured in accordance with GAAP.
Depreciation. “Depreciation” shall mean, for each fiscal year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such year or other period, except that if the Gross Asset Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such year or other period, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as the federal income tax depreciation, amortization or other cost recovery deduction for such year or other period bears to such beginning adjusted tax basis.
Depreciation. Depreciation is not charged on heritage assets which have indefinite lives.
Depreciation. (i) depreciation rate is to reflect a life of between 40-75 years of the capital improvements on the land;
(ii) the value of capital improvement will be based on the estimated current capital improved value;
(iii) the minimum annual depreciation rate will be not less than the rate resulting from a term of 75 years.
Depreciation. The fixed assets of each Group Member covered in the Existing Financial Statements have been or shall be, as applicable, depreciated in accordance with US GAAP. The value of each Asset has been properly reflected in the Existing Financial Statements in all material respects.
