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103 <br /> of this Article VII, multiplied by the product obtained by multiplying(i)the Flare MMBTU HHV <br /> for such month by (ii) the lesser of the BTU Equivalent Price or the Adjusted BTU Equivalent <br /> Price. Expressed in a formula, the monthly Flare Payment=(0.053) x(Flare MMBTU HHV) x <br /> BTU Equivalent Price or Adjusted BTU Equivalent Price,whichever is less. A sample calculation <br /> of the Flare Payment is shown in Exhibit F. <br /> D. Payment for Gas Converted to Energy <br /> 117. 11S. Each month during the Term of this Agreement, the University shall make <br /> payments to the County based on the heating energy content of the LFG that is delivered to the Gas <br /> Conversion System (the "Conversion Payment") (a) commencing upon the Conversion Payment <br /> Date (as that term is defined in Article VIII hereunder); and (b) for any period during which the <br /> University operates the Gas Conversion System. <br /> 11$. 4411-The University shall continuously monitor the LFG at Meter Points A and B, <br /> and such LFG will be measured,recorded,and totalized on an hourly,daily and monthly basis.The <br /> heating energy content of the LFG delivered to the Gas Conversion System shall be based on its <br /> measured monthly methane content at Meter Point A. The methane content shall be measured in <br /> scf/month and shall be equal to the product of(a)the percent methane by volume,and(b)the LFG <br /> measured in scf/month at Meter Point A(the"Meter Point A Methane Content"). For purposes of <br /> determining the Conversion Payment, the total monthly heating energy content of the LFG <br /> measured at Meter Point A(the "Conversion MMBTU HHV") shall be obtained by dividing the <br /> product of(a)the Meter Point A Methane Content, and (b) 1,012, by 1,000,000. Expressed in a <br /> formula,the Conversion MMBTU HHV=Meter Point A Methane Content x 1012_ 1,000,000. <br /> 119. 120. For a given month during the Term of this Agreement, the Conversion <br /> Payment shall be equal to the product of(a)the Conversion Percentage,as such percentage may be <br /> adjusted in accordance with Subpart E of this Article VII, and (b) the product obtained by <br /> {00022477.DOC} • <br />