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Average Allowance Market Price for such month is either above (for increases) or <br /> below (for decreases) the Forecasted Carbon Price for such month; provided, <br /> however that the Flare.Percentage for any month shall not be adjusted in a manner <br /> that results in the adjusted Flare Percentage equaling (i) a percentage greater than <br /> 8.51%or less than 2.09%. (a) 8.51%, if the Flare Percentage is 5.3%; (b) 14.16%, <br /> if the Flare Percentage is 10 95%by operation of Paragraph 82 of this Agreement; <br /> or(c) 19 81%,if the Flare Percentage is 16 6%by operation of Paragraph 82; or(ii) <br /> a percentage less than (a) 2.09%, if the Flare Percentage is 5.3%; (b) 7.74%, if the <br /> Flare Percentage is 10.95%by operation of Paragraph 82 of this Agreement; or(c) <br /> 13.39%, if the Flare Percentage is 16.6% by operation of Paragraph 82. For <br /> purposes of calculating adjustments under this Paragraph 122,the Flare Percentage <br /> shall reset each month to five and three-tenths percent (5.3%) or the percentage <br /> established by operation of Paragraph 82, whichever is applicable. For the <br /> avoidance of ambiguity and by way of example only, if the Flare Percentage is <br /> adjusted in January 2015 from five and three-tenths percent (5.3%) to six percent <br /> (6.0%), the Flare Percentage shall reset to five and three-tenths percent(5.3%) for <br /> purposes of calculating any adjustments to the Flare Percentage for the month of <br /> 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 /> 37 <br /> {00018638.DOC 2-124} <br />