Allocation of Tax Credits. All tax credits allowed in connection with any depreciable property shall be allocated in the same manner as deductions for Depreciation of such property, and all tax credits allowed in connection with other expenditures shall be allocated in the same manner as deductions arising out of such other expenditures.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Ace Hardware Corp), Limited Liability Company Agreement (Blue Rhino Corp)
Allocation of Tax Credits. All tax credits allowed in connection with any depreciable property (and any related adjustments to the basis of such property) shall be allocated in the same manner as deductions for Depreciation of such property, and all tax credits allowed in connection with other expenditures shall be allocated in the same manner as deductions arising out of such other expenditures.
Appears in 1 contract
Samples: Limited Partnership Agreement (Einstein Noah Bagel Corp)