Location node is used to store platform dependent location information, such as file paths or packs (on MCP hosts). These location elements are used to specify the path and pack in some of the element configuration properties.
The child element of the Location node is MemberOfFolder.
For example:
<LOCATION Id="2F77B1E8-6DF1-11DB-9C5E-0007E9AB9B46" Name="Location1" Description="" Author="AppAdminUser"/>