Common use of Retention of Third-Party Project Asset Manager Clause in Contracts

Retention of Third-Party Project Asset Manager. In the event (a) required by a project lender or other provider of project financing associated with the applicable project or (b) the Independent Committee determines it would be beneficial to Terra; Terra may request that the Manager retain one or more independent third-party project asset managers reasonably acceptable to Terra. The cost and expense incurred as a result of the retention of such third-party project asset managers shall be paid for by the relevant Service Recipient, subject to the second sentence of Section 2.4.1 above.

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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