Private Owner Acknowledgement. Without in any way creating any enforceable right for the Private Owner (with any such right being expressly waived) or any other Person, the Private Owner hereby acknowledges that the Initial Member, in making determinations pursuant to or in connection with this Agreement and the other Transaction Documents, including as to exercising discretion or providing (or withholding) consents, may take into account such criteria and objectives as it determines in its sole discretion as relevant for its purposes, which may include maximizing Asset value, maximizing the preservation of the availability and affordability of residential real property for low-and-moderate-income individuals, and/or such other criteria as the Initial Member may so determine to be relevant. 77 Annex I Member Schedule Member Percentage Interests Capital Contributions to Working Capital Reserve Account Capital Contributions to Capital Improvement Account Initial Member 95% $70,786,185.92 $141,572,371.84 Private Owner 5% $3,725,588.73 $7,451,177.47 Xxxxx XX
Private Owner Acknowledgement. Without in any way creating any enforceable right for the Private Owner (with any such right being expressly waived) or any other Person, the Private Owner hereby acknowledges that the Initial Member, in making determinations pursuant to or in connection with this Agreement and the other Transaction Documents, including as to exercising discretion or providing (or withholding) consents, may take into account such criteria and objectives as it determines in its sole discretion as relevant for its purposes, which may include maximizing Asset value, maximizing the preservation of the availability and affordability of residential real property for low-and-moderate-income individuals, and/or such other criteria as the Initial Member may so determine to be relevant. 77
