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• Section 1 . 2 . Notwithstanding the foregoing , Walker shall <br /> assume the place and stead of the Redeveloper only with respect <br /> to the development of Building B , Phase II , pursuant to the <br /> Redevelopment Contract. The provisions of the foregoing sentence <br /> shall not relieve the Redeveloper of its obligations under the <br /> Redevelopment Contract not expressly assumed by Walker. <br /> Upon the sale of the Bonds referred to in the Redevelopment <br /> Contract to finance the costs of the Agency associated with the <br /> Subject Premises , the Agency shall deliver to the Redeveloper a <br /> statement listing the costs of the Agency with respect to the <br /> Subject Premises ( including administrative costs) together with <br /> the annual principal and interest requirements on the portion of <br /> • such Bonds issued to finance such costs. If in any year there is <br /> a tax increment shortfall , the obligation of the Redeveloper , <br /> pursuant to Section 6 . 1 of the Redevelopment Contract, shall be <br /> reduced by the amount , if any, by which the tax increment derived <br /> from the Subject Premises is less than the annual principal and <br /> interest requirements on the Bonds as set forth above for such <br /> year . <br /> Section 1 . 3 . The description of Building B (which is set <br /> forth in Schedule B - Minimum Improvements - to the Redevelopment <br /> Contract) shall be amended for the purposes of this Agreement. <br /> Said amended description is set forth in Exhibit B, attached <br /> hereto. <br /> -3- <br />