Distribution and Allocation of Credits and Deductions. Subject to Section 3.1.3(ii), the Manager shall take such steps and file such elections as are necessary to distribute and allocate any available tax credits and charitable contribution deductions to the Members in proportion to their Percentage Interests.
Appears in 5 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Distribution and Allocation of Credits and Deductions. Subject to Section 3.1.3(ii3.1.3 (ii), the Manager shall take such steps and file such elections as are necessary to distribute and allocate any available tax credits and charitable contribution deductions to the Members in proportion to their Percentage Interests.
Appears in 1 contract
Samples: Operating Agreement
