Allocation of Tax Credits. Except as may otherwise be required by law, any tax credits to which the Company may be entitled shall be allocated among the Members in accordance with their respective Participation Percentages.
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Red Lion Hotels CORP), Limited Liability Company Agreement (Red Lion Hotels CORP)
Allocation of Tax Credits. Except as may otherwise be required by law, any tax credits to which the Company may be entitled shall be allocated among to the Members in accordance with their respective Participation Percentages.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Bonn Edward J), Operating Agreement (Response Usa Inc)