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107 <br /> three-tenths percent(5.3%)to six percent(6.0%),the Flare Percentage shall reset to <br /> five and three-tenths percent(53%)for purposes of calculating any adjustments to <br /> the Flare Percentage for the month of February 2015. <br /> d. If there is a positive or negative difference between the Average Allowance Market <br /> Price of an Emissions Allowance for the given month and the Forecasted Carbon <br /> Price for such month, the following adjustment to the Conversion Percentage for <br /> such month shall be made: The Conversion Percentage shall be increased or <br /> decreased by 1.12% for each whole dollar (rounded down to the nearest whole <br /> dollar) that the Average Allowance Market Price for such month is either above <br /> (for increases) or below (for decreases) the Forecasted Carbon Price for such <br /> month;provided,however that the Conversion Percentage for any month shall not <br /> be adjusted in a manner that results in the adjusted Conversion Percentage equaling <br /> a percentage greater than 26.68%or less than 6.52%. For purposes of calculating <br /> adjustments under this Paragraph 123,122. the Conversion Percentage shall reset <br /> each month to sixteen and six-tenths percent (16.6%). For the avoidance of <br /> ambiguity and by way of example only,if the Conversion Percentage is adjusted in <br /> January 2015 from sixteen and six-tenths percent (16.6%) to fourteen percent <br /> (14.0%), the Conversion Percentage shall reset to sixteen and six-tenths percent <br /> (16.6%) for purposes of calculating any adjustments to the Conversion Percentage <br /> for the month of February 2015. <br /> e. The University shall reflect any adjustments to the Flare and Conversion <br /> Percentages made under this Paragraph 123,122 including the underlying <br /> {00022477.DOC} <br />