Depreciation. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #Mays1957LadderBasket going forward. Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 149 of 174 SERIES #Mays1957LadderBasket Sport Baseball Professional League MLB Player Wxxxxx Xxxx Team San Francisco Giants Year 1957 Memorabilia Type Baseball Card Manufacturer Topps Cards in Basket 3 Type Vintage Subject Wxxxxx Xxxx Authentication PSA Grade 8, 8.5, 9 Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 150 of 174 Schedule LI to Tenth Amendment to Collectable Sports Assets, LLC Amended and Restated Limited Liability Company Agreement Exhibit 196 Series Designation of #AARONDECADEBASKET, a series of Collectable Sports Assets, LLC 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 #AaronDecadeBasket, 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 #AaronDecadeBasket with effect from the effective date hereof and shall continue to act as the Managing Member of #AaronDecadeBasket until dissolution of #AaronDecadeBasket 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 #AaronDecadeBasket shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #AaronDecadeBasket through that certain Consignment Agreement dated as of 3/19/21, 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 #AaronDecadeBasket 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),...
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. For those items of a capital nature that were purchased or for program service use.
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;
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.
Depreciation. Depreciation is provided for on all Property, Plant and Equipment assets by the systematic allocation of their depreciable amounts over their useful lives. An exception is made for assets without a determinable finite useful life (i.e. freehold land and certain Community Assets) and assets that are not yet available for use (i.e. assets under construction). Depreciation is calculated on the following bases: • Dwellings and other buildings – straight-line allocation over the useful life of the property as estimated by the valuer up to a maximum of 50 years. • Vehicles, plant, furniture and equipment – straight line allocation over the useful life of the asset as advised by a suitably qualified officer, mainly up to a maximum of 10 years, however, some specialised items are depreciated over up to 25 years. • Infrastructure – straight-line allocation over 40 years. • Surplus Assets – Buildings up to 50 years, Land not depreciated Where an item of Property, Plant and Equipment has a value greater than £5m and major components greater than 20% of the value of the asset, the components are depreciated separately at rates representative of their useful life. Revaluation gains are also depreciated, with an amount equal to the difference between current value depreciation charged on assets and the depreciation that would have been chargeable based on their historical cost being transferred each year from the Revaluation Reserve to the Capital Adjustment Account.
Depreciation. D. Costs, fines or penalties incurred due to violation by Landlord of any applicable law.
