After Making Contributions And Allocating Tax Credits. At any time after the Company has made the Contributions for a particular two-year period and distributed and allocated the resulting tax credits to the Company's Members, the Manager may unilaterally amend this Agreement (including adding or removing Members) in connection with participation in the OSTC and/or the EITC tax credit programs of the Commonwealth of Pennsylvania and earning tax credits from the Commonwealth of Pennsylvania for subsequent periods. No Member will be required to make additional Capital Contributions or to remain a Member of the Company for any such subsequent period. The Manager will use commercially reasonable efforts to afford to Members of the Company the opportunity to remain as Members or to re-join the Company as Members in order to afford to them the opportunity to participate in the OSTC and/or EITC tax credit programs for subsequent periods.
Appears in 6 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
After Making Contributions And Allocating Tax Credits. At any time after the Company has made the Contributions for a particular two-year period and distributed and allocated the resulting tax credits to the Company's ’s Members, the Manager may unilaterally amend this Agreement (including adding or removing Members) in connection with participation in the OSTC Opportunity Scholarship Tax Credit (OSTC) and/or the EITC tax credit Educational Improvement Tax Credit (EITC) programs of the Commonwealth of Pennsylvania and earning tax credits from the Commonwealth of Pennsylvania for subsequent periods. No Member will be required to make additional Capital Contributions or to remain a Member of the Company for any such subsequent period. The Manager will use commercially reasonable efforts to afford to Members of the Company the opportunity to remain as Members or to re-join the Company as Members in order to afford to them the opportunity to participate in the OSTC and/or EITC tax credit programs for subsequent periods.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
After Making Contributions And Allocating Tax Credits. At Notwithstanding anything to the contrary in Section 9.6.1, at any time after the Company has made the Contributions for a particular two-year period and distributed and allocated the resulting tax credits to the Company's ’s Members, the Manager may unilaterally amend this Agreement (including adding or removing Members) in connection with participation in the OSTC opportunity scholarship tax credit (OSTC) and/or the EITC educational improvement tax credit (EITC) programs of the Commonwealth of Pennsylvania and earning tax credits from the Commonwealth of Pennsylvania for subsequent periods. No Member will be required to make additional Capital Contributions or to remain a Member of the Company for any such subsequent period. The Manager will use commercially reasonable efforts to afford to Members of the Company the opportunity to remain as Members or to re-join the Company as Members in order to afford to them the opportunity to participate in the OSTC and/or EITC tax credit programs for subsequent periods.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
