Common use of Referral Fee Clause in Contracts

Referral Fee. In the event Terra, Terra LLC, Terra Operating or any of the Service Recipients refer a solar power development project to Manager prior to Manager’s independent identification of such opportunity, and Manager thereafter develops such such solar power project, Manager agrees to pay to Terra, an amount equal to the $0.04 multiplied by the nameplate megawatt capacity, determined as of the commercial operation date, of such solar power project (each such amount a “Referral Fee”); provided, however, that to the extent the aggregate Referral Fees for projects referred during a single calendar year exceed $30 million, the Manager shall not be required to pay, with respect to such referrals, any amount in excess of $30 million in the aggregate.

Appears in 5 contracts

Samples: Management Services Agreement (TerraForm Power, Inc.), Management Services Agreement (TerraForm Power, Inc.), Management Services Agreement (TerraForm Power, Inc.)

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