Orange County NC Website
76 <br /> " 11. Conversion Payment has the meaning set forth in Paragraph 1-8117 of this <br /> Agreement. <br /> 12. Conversion Percentage means sixteen and six-tenths percent(16.6%). <br /> 13. Delivery Point shall mean the location at which the ownership, possession and <br /> control of the Landfill Gas is transferred from the County to the University.For purposes of this of <br /> this Agreement,the Delivery Point shall be the blower discharge point on the Landfill Property as <br /> shown on Exhibit B. <br /> 14. ElosingEffective Date has the meaning given in the preamble. <br /> on different dates, the date the last casement is granted shall be the Effective Date. [Changes <br /> acceptable to UNCJ <br /> l Emission Allowance shall mean an authorization issued by a Governmental <br /> Authority to emit one metric ton of CO2e. <br /> 16 Engine Start-up Date shall be the date when the engine located at the <br /> University's Carolina North Campus reaches steady-state conditions and commences the <br /> conversion of Landfill Gas into usable energy. <br /> 17. 18 -Environmental Benefits shall mean all credits and allowances generated by <br /> and associated with the generation, destruction, treatment, sale or use of the Landfill Gas, <br /> including Carbon Credits, Emission Allowances, offsets, "green tams," and renewable energy <br /> credits, or any other asset or term that may hereinafter be used to describe the environmental <br /> benefit of either destroying any pollutant in the Landfill Gas (including methane) or using the <br /> Landfill Gas as a source of energy. <br /> (00022477.DOC) <br />