Common use of NRG Investor Internal Rate of Return Clause in Contracts

NRG Investor Internal Rate of Return. The obligation of NRG Investor to consummate its Document Closing Actions at the Document Closing shall be subject to the additional condition, at Document Closing, that the project and partnership financial model referenced in excel file “20110402 Partnership Modelv7.xlsx” used by Sponsor and NRG Investor as of the Effective Date to determine NRG Investor’s levered after-tax internal rate of return (“IRR”) for the Project continues to show an IRR to NRG Investor over the life of the Power Purchase Agreement for the Project of no less than [*] and, if not, the Class B Adjustment Percentage (as defined in the Master Holdco LLC Agreement) shall be established at a level such that NRG Investor is projected to achieve a [*] IRR for the Project.