Agenda - 02-17-2009 - 4l - Laserfiche WebLink

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dollar) that the Average Allowance Market Price for such month is either above (for increases) or below (for decreases) the Forecasted Carbon Price for such month; provided,however that the Conversion Percentage for any month shall not be adjusted in a manner that results in the adjusted Conversion Percentage equaling a percentage greater than 26.68%or less than 6.52%. For purposes of calculating adjustments under this Paragraph 122, the Conversion Percentage shall reset each month to sixteen and six-tenths percent(16.6%). For the avoidance of ambiguity and by way of example only, if the Conversion Percentage is adjusted in January 2015 from sixteen and six-tenths percent(16.6%)to fourteen percent (14.0%), the Conversion Percentage shall reset to sixteen and six-tenths percent (16.6%) for purposes of calculating any adjustments to the Conversion Percentage for the month of February 2015. e. The University shall reflect any adjustments to the Flare and Conversion Percentages made under this Paragraph 122, including the underlying calculations, in the mentlMonthly Billing Statement for such month issued to the County under Paragraph 127 hereunder. A sample calculation is provided in Exhibit G. 123. GWP Adjustment. The commercial terms set forth in this Agreement assume a Global Warming Potential (GWP) for methane of twenty-one (21)to calculate the Environmental Benefits that will result from the LFG Project's destruction of methane. Payments to the County will be adjusted as set forth below to the extent that the GWP for methane changes during the Term of this Agreement as follows: 38 {00018638.DOC 2-]24}