Notable Features Sample Clauses

Notable Features. The debut-year collectible of K▇▇▇▇▇ has never relinquished its status as one of the most visually captivating gum cards ever made. The card features a youthful but deceptively innocent-looking S▇▇▇▇ ▇▇▇▇▇▇. There are none. The Company treats Memorabilia and Collectibles assets as collectible and therefore will not depreciate or amortize the Series #KOUFAX1955PSA8.59 going forward. 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 #DURANTCHROMEREFRACTORPSA10, a series of Collectable Sports Assets, LLC, a Delaware limited liability company Date of establishment November 4, 2020 Managing Member CS Asset Manager, LLC, a Delaware limited liability company, is appointed as the Managing Member of #DURANTCHROMEREFRACTORPSA10 with effect from the effective date hereof and shall continue to act as the Managing Member of #DURANTCHROMEREFRACTORPSA10 until dissolution of #DURANTCHROMEREFRACTORPSA10 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 #DURANTCHROMEREFRACTORPSA10 shall comprise the asset as further described in Schedule 1 attached hereto, which will be acquired by #DURANTCHROMEREFRACTORPSA10 through that certain Consignment Agreement dated as of November 2, 2020, and any assets and liabilities associated with such asset and such other assets and liabilities acquired by #DURANTCHROMEREFRACTORPSA10 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 #DURANTCHROMEREFRACTORPSA10 Interests the Company can issue may not exceed the purchase price, in the aggregate, of $20,000. Number of #DURANTCHROMEREFRACTORPSA10 Interests held by the Managing Member and its Affiliates The Managing Member must purchase a minimum of 0.5% and may purchase additional #DURANTCHROMEREFRACTORPSA10 Interests (including in excess of 10%), in its sole discretion, through the Offering. Broker Dalmore Group, LL...