Premiums and Imputed Income. 5.1 Premium Payment. The Bank shall pay all premiums due on the Policy.
Premiums and Imputed Income
Premiums and Imputed Income Sample Clauses
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Apportionment of Tax Attributes (i) If the Parent Consolidated Group has a Tax Attribute, the portion, if any, of such Tax Attribute apportioned to SpinCo or any member of the SpinCo Consolidated Group and treated as a carryover to the first Post-Distribution Taxable Period of SpinCo (or such member) shall be determined by Parent in accordance with Treasury Regulation Sections 1.1502-21, 1.1502-21T, 1.1502-22, 1.1502-79 and, if applicable, 1.1502-79A.
Tax Attributes (i) Tax attributes with respect to, and the -------------- overpayment of, property taxes, sales and use taxes and franchise taxes which relate primarily to the Company Business and (ii) to the extent provided in the Tax Sharing Agreement, tax attributes with respect to, and the overpayment of, income and payroll taxes which relate to the Company Business or are otherwise allocated to the Company.
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.
Determination of Excise Tax Liability Unless the Company and the Executive otherwise agree in writing, the Company will select a professional services firm (the “Firm”) to make all determinations required under this Section 6, which determinations will be conclusive and binding upon the Executive and the Company for all purposes. For purposes of making the calculations required by this Section 6, the Firm may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Executive will furnish to the Firm such information and documents as the Firm reasonably may request in order to make determinations under this Section 6. The Company will bear the costs and make all payments for the Firm’s services in connection with any calculations contemplated by this Section 6. The Company will have no liability to the Executive for the determinations of the Firm.
