Notwithstanding the foregoing, the Parent may Designate a Subsidiary as an Unrestricted Subsidiary without complying with the first two paragraphs of this Section 4.15 if (a) such Subsidiary is a Consolidated Joint Venture and (b) such Designation is made within 30 days of such Joint Venture becoming a Subsidiary.
Wholly-Owned and Consolidated Joint Venture Redevelopments and Expansions: The Company is currently expanding/redeveloping a wholly-owned shopping center in Miami (Plantation), Florida, at a projected aggregate net cost of approximately $48.1 million.
Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Company and shall exclude any Consolidated Joint Venture.
The foregoing shall not limit the Holders’ or the Stockholder Participants’ obligation to indemnify any other Buyer Indemnified Person for Damages, if any, suffered by such Person (as distinct from the Damages suffered by the Consolidated Joint Venture) arising from the same facts and circumstances.
Principal payment amounts reflect actual payments based on the face amount of notes payable secured by our wholly-owned properties and our Consolidated Joint Venture.