Use of Air Rights in Excess of Those Used in Connection with the Initial Construction of the Building in Accordance with the Plan
113 use of Air Rights in excess of those used in connection with the initial construction of the Building in accordance with the Plan. In the event such excess Air Rights are transferred to the owner(s) of adjoining properties, a Unit Owner's views and exposure to light may be affected. p. Miscellaneous Sponsor and its designee(s) shall have the right, until the tenth anniversary of the First Closing, to use, without charge, portions of the Building, including the Common Elements, for exhibitions, events, promotional functions (e.g., with respect to any sales programs for Unsold Units or otherwise). q. Sponsor's Right to Issue Storage Licenses Sponsor (or its designee), in its own name or in the name of the Tower Board, shall have the exclusive right to issue initial Storage Licenses for Storage Closets. [REMAINDER OF PAGE LEFT INTENTIONALLY BLANK] 114 0. CONTROLBYSPONSOR Until the First Annual Meeting of the Tower Unit Owners (the "First Annual Tower Meeting"), the Tower Board shall generally consist of five (5) persons designated by Sponsor from time to time. Until the First Annual Tower Meeting, Sponsor reserves the right to designate fewer than five (5) persons to the Tower Board. Sponsor anticipates designating the following persons as the initial Tower Board members (all of whom are experienced in real estate matters, familiar with the Property, and who are affiliated with Sponsor): Donna Gargano, Katherine Kelman, Ahuva Genack, Joe Montano and Shawn Kirk. Sponsor will amend the Plan prior to the First Closing in the event such five (5) persons shall not constitute the initial Tower Board members.
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