Forecast Depreciation and Amortization Reserves. 22 The forecast functionalized depreciation and amortization reserves are increased annually by the 23 amount of annual depreciation and amortization expense. 24
Forecast Depreciation and Amortization Reserves Sample Clauses
Related to Forecast Depreciation and Amortization Reserves
Depreciation The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #Kobe96RefractorBGS9.5 going forward. Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 101 of 174 SERIES #Kobe96RefractorBGS9.5 Sport Basketball Professional League NBA Player Kxxx Xxxxxx Team Los Angeles Lakers Year 1996-97 Memorabilia Type Basketball Card Manufacturer Topps Cards in Offering 1 Subject Kxxx Xxxxxx Era Modern Authentication BGS Grade 9.5 Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 102 of 174 Schedule XXXV to Tenth Amendment to Collectable Sports Assets, LLC Amended and Restated Limited Liability Company Agreement Exhibit 180 Series Designation of #03TOPPSCHROMEWAX, 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 #03ToppsChromeWax, 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 #03ToppsChromeWax with effect from the effective date hereof and shall continue to act as the Managing Member of #03ToppsChromeWax until dissolution of #03ToppsChromeWax 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 #03ToppsChromeWax shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #03ToppsChromeWax through that certain Consignment Agreement dated as of 4/4/21, 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 #03ToppsChromeWax 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 #03ToppsChromeWax Interests the Company can issue may not exceed the purchase price, in the aggregate, of $63,750. Number of #03ToppsChromeWax Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #03ToppsChromeWax Interests (including in excess of 10%), in its sole discretion, through the Offering. Broker Dalmore Group, LLC, a New York limited liability company. Brokerage Fee Up to 1.00% of the gross proceeds of the Interests from #03ToppsChromeWax sold at the Initial Offering of the #03ToppsChromeWax Interests (excluding the #03ToppsChromeWax Interests acquired by any Person other than Investor Members). Schedules to Tenth Amendment to Limited Liability Company Agreement – Collectable Sports Assets, LLC – Page 103 of 174 Other rights Holders of #03ToppsChromeWax Interests shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no preemptive rights to subscribe for any securities of the Company and no preferential rights to distributions of #03ToppsChromeWax Interests. Officers There shall initially be no specific officers associated with #03ToppsChromeWax, although, the Managing Member may appoint Officers of #03ToppsChromeWax from time to time, in its sole discretion. Aggregate Ownership Limit As stated in Section 1.1. Minimum Interests One (1) Interest per Member. Schedule 1 Asset Description Overview and authentication: • 03-04 Topps Chrome contained the rookies of LxXxxx Xxxxx, Dxxxxx Xxxx, Cxxxxxx Xxxxxxx and Cxxxx Xxxx. The cards mirror the 2003-04 Topps base design, but with a chrome finish. • There are a host of parallel refractors in the set, including base Refractors, Black Refractors (#500), and X-Fractors (#200). • X-Fractors were issued one per hobby box as a topper, and came in a sealed magnetic case. Gold Refractor base cards are (#99) for veterans and (#50) for rookies. • Action images were exchanged for the originals on the rookie cards, and a dozen of the foreign players have a variation with the card back written in their native language. Notable Features: • This box comes in its original factory sealed form. Notable Defects: There are none.
Amortization Such Mortgage Loan does not provide for negative amortization unless such Mortgage Loan is an ARD Mortgage Loan, in which case it may occur only after the Anticipated Repayment Date.
Administrative Cost Recovery 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may, following deposit of Contribution funds, deduct from such funds and retain for the Bank’s own account an amount equal to five percent (5.0%) of the Contributions.
Interest Charges You agree to pay interest at the rate(s) disclosed to you at the time you open your account and as may be changed from time to time in accordance with applicable law. Average Daily Balance including new transactions: Interest Charges will accrue on your average daily balance outstanding during the month. To get the average daily balance, we take the beginning balance each day, add any new purchases, cash advances, balance transfers or other advances, and subtract any payments, unpaid interest charges, and unpaid late charges. This gives us the daily balance. Then, we add up all the daily balances for the billing cycle and divide that by the number of days in the billing cycle. We then multiply that by the periodic rate corresponding to the Annual Percentage Rate on your account. If you have different rates for purchases, cash advances or balance transfers, separate average daily balances for each will be calculated and the appropriate periodic rate is then applied to each.
Average Contribution Amount For purposes of this Agreement, to ensure that all employees enrolled in health insurance through the City’s HSS are making premium contributions under the Percentage-Based Contribution Model, and therefore have a stake in controlling the long term growth in health insurance costs, it is agreed that, to the extent the City's health insurance premium contribution under the Percentage-Based Contribution Model is less than the “average contribution,” as established under Charter section A8.428(b), then, in addition to the City’s contribution, payments toward the balance of the health insurance premium under the Percentage-Based Contribution Model shall be deemed to apply to the annual “average contribution.” The parties intend that the City’s contribution toward employee health insurance premiums will not exceed the amount established under the Percentage-Based Contribution Model.
INTEREST CALCULATION COSTS 10.1 As set forth in 31 CFR 205.27, interest calculation costs are defined as those costs necessary for the actual calculation of interest, including the cost of developing and maintaining clearance patterns in support of the interest calculations. Interest calculation costs do not include expenses for normal disbursing services, such as processing of checks or maintaining records for accounting and reconciliation of cash balances, or expenses for upgrading or modernizing accounting systems. Interest calculation costs in excess of $50,000 in any year are not eligible for reimbursement, unless the State provides justification with the annual report.
Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
Debt Service The provisions of this Section 3.9 regarding disbursements shall include the payment of debt service related to any mortgages of the Property, unless otherwise instructed in writing by Owner.
