Tracking Progress. The Managing Member will cause the Manager to calculate at least annually whether the Class B Members have reached the Target IRR and to send the Class B Members, within 120 days after the end of each Fiscal Year in which the Target IRR was not achieved, a report (the “Annual IRR Report”) showing where it believes the Class B Members are in relation to the Target IRR. The Class B Members holding a majority of the Class B Membership Interests may invoke the dispute resolution procedures in Section 12.11 to resolve any item or procedure that is in dispute, and the conclusion of such dispute resolution procedures will apply in all subsequent periods to any identical item or procedure.
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Sources: Limited Liability Company Agreement (First Wind Holdings Inc.), Limited Liability Company Agreement (First Wind Holdings Inc.)