Agenda - 02-03-2009 - 6b - Laserfiche WebLink

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• 39 Payment Date (as that term is defined in Article VIII hereunder); and (b) for any period during which the University operates the Gas Conversion System. 118. The University shall continuously monitor the LFG at Meter Points A and B, and such LFG will be measured, recorded, and totalized on an hourly, daily and monthly basis. The heating energy content of the LFG delivered to the Gas Conversion S -m shall be based on its measured monthly methane content at Meter Point A. The me a - •ntent shall be measured in scf/month and shall be equal to the product of(a) the perc me F volume, and (b) the LFG measured in scf/month at Meter Point A (the "Meter Point A Me Content"). For purposes of determining the Conversion Payment, the total monthly heating en, content of the LFG measured at Meter Point A (the "Conversion MMBTU HHV") shall be obtained by dividing the product of(a) the Meter P € ethane Content, and (b) 1,012, by 1,000,000. Expressed in a formula, the Conversion 11111 1 = = Meter Point A Methane Content x 1012_ 1,000,000. 119. For a given month during the T- •z:,of a's Agreement, the Conversion Payment shall be equal _ the product of (a) the Conver ion Percentage, as such percentage may be adj � accordance= I Subpart E of this Article VII, and (b) the product obtained by mul•pl << d .') the Conve `" MMBTU HHV for such month by (u) the lesser of the BTU Equivalent P the Adj BTU Equivalent Price. Expressed in a formula, the County's monthly Conversio• _ it= (.166) x (Conversion MMBTU HHV) x BTU Equivalent Price or Adjusted BTU Eq valent Price, whichever is less. A sample calculation of the Conversion Payment is shown in Exhibit F. 120. The Parties recognize that the regulations, policies and procedures governing reductions in GHG emissions and associated markets for Environmental Benefits, including 34 (00018638.DOC 21)