Depreciation Sample Clauses

Depreciation. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the Series #TIGERPUTTER going forward Schedules to Sixth Amendment to Limited Liability Company AgreementCollectable Sports Assets, LLCPage 11 of 27 SERIES #TigerPutter Sport Golf Professional League PGA Player Tiger Woods Memorabilia Type Golf Club Manufacturer Scotty Cameron - Titleist Schedule V to Sixth Amendment to Collectable Sports Assets, LLC Amended and Restated Limited Liability Company Agreement Exhibit 37 Series Designation of #BradyReebokFlawless, 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 #BRADYREEBOKFLAWLESS, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment December 10, 2020 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #BRADYREEBOKFLAWLESS with effect from the effective date hereof and shall continue to act as the Managing Member of #BRADYREEBOKFLAWLESS until dissolution of #BRADYREEBOKFLAWLESS 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 #BRADYREEBOKFLAWLESS shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #BRADYREEBOKFLAWLESS through that certain Consignment Agreement dated as of December 1, 2020, and any assets and liabilities associated with such asset and such other assets and liabilities acquired by #BRADYREEBOKFLAWLESS 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 #BRADYREEBOKFLAWLESS Interests the Company can issue may not exceed the purchase price, in the aggregate, of $75,000. Number of #BRADYREEBOKFLAWLESS Interests held by the Managing Member and its Affiliates The Managing Member must purchase a...
Depreciation. For each taxable year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for the year or other period, except that if the Book Value of an asset differs from its adjusted basis for federal income tax purposes at the beginning of the year or other period, Depreciation will be an amount which bears the same ratio to the beginning Book Value as the federal income tax depreciation, amortization or other cost recovery deduction for the year or other period bears to the beginning adjusted tax basis, provided that if the federal income tax depreciation, amortization, or other cost recovery deduction for the year or other period is zero, Depreciation will be determined with reference to the beginning Book Value using any reasonable method selected by the General Partner.
Depreciation. Prior to the applicable Lease Supplement Termination Date, neither Certificate Trustee nor any Participant shall claim any federal or state tax attributes or benefits (including depreciation) relating to any System or Equipment unless required to do so by an appropriate taxing authority or after a clearly applicable change in Applicable Laws or as a protective response to a proposed adjustment by an Governmental Authority; provided, however, that if an appropriate taxing authority shall require Certificate Trustee or any Certificate Purchaser to claim any such federal or state tax attributes or benefits, or if any such Person shall make any such claim as a protective response as aforesaid, such Person shall promptly notify Lessee thereof and shall permit Lessee to contest such requirement in a manner similar Participation Agreement to the contest rights provided in, and subject to any applicable limitation to a contest contained in, Section 7.2(b).
Depreciation. For each Fiscal Year or other period, the depreciation, amortization, or other cost recovery deduction allowable concerning an asset for such 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 period, Depreciation shall bear the same ratio to such beginning Gross Asset Value as the federal income tax depreciation, amortization, or other cost recovery deduction for such period bears to such beginning adjusted tax basis.
Depreciation. Depreciation" means, for each Accounting Period (as defined below) of the Company, an amount equal to the depreciation, amortization or other cost recovery deduction allowable with respect to an asset for such Accounting Period, except that if the "Gross Asset Value" (defined below) of an asset differs from its adjusted basis for federal income tax purposes at the beginning of such Accounting Period, Depreciation shall, in accordance with Regulations Section 1.704-1(b)(2)(iv)(g)(3), 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 bears to such beginning adjusted tax basis; provided, however, that if such asset has a zero adjusted tax basis, Depreciation shall be determined using any reasonable method selected by the Members.
Depreciation. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the SERIES #HonusWagner1910PSA5 going forward. Schedules to Tenth Amendment to Limited Liability Company AgreementCollectable Sports Assets, LLCPage 140 of 174 SERIES #HonusWagner1910PSA5 Sport Baseball Professional League MLB Player Honus Wagner Team Pittsburgh Pirates Year 1910 Memorabilia Type Baseball Card Manufacturer Tip Top Bread Era Vintage Type Rookie Card Subject Honus Wagner
Depreciation. (i) depreciation rate is to reflect a life of between 40-75 years of the capital improvements on the land;
Depreciation. For the purposes of depreciation under Applicable Laws, the property representing the capital investment made by the Concessionaire in the Project shall be deemed to be acquired and owned by the Concessionaire. For the avoidance of doubt, the Authority shall not in any manner be liable in respect of any claims for depreciation to be made by the Concessionaire under Applicable Laws.