Orange County NC Website
ARTICLE VII <br /> PURCHASE AND SALE OF LFG <br /> A. The University's Purchase Obligations <br /> 111. Subject to the terms and conditions of this Agreement, the County shall sell, and <br /> the University shall accept and purchase, all of the LFG that is delivered to the Delivery Point. <br /> B. Payments to the County <br /> 112. The University shall make payments to the County based on the heating energy <br /> content of all Gas Sold. Such payments shall consist of the Flare Payment and the Conversion <br /> Payment, as calculated in accordance with Subparts C and D of this Article VII. Such payments <br /> and any other payments that the University may be required to make under this Agreement shall <br /> be full compensation to the County both for the heating energy content of the LFG and for any <br /> Environmental Benefits resulting from the destruction of the LFG, including those benefits <br /> associated with reducing greenhouse gas emissions or producing renewable energy. <br /> 113. The University will make monthly cash payments to the County based on the <br /> heating energy content of the LFG delivered to the University in the preceding calendar month, <br /> as determined in accordance with Subparts C and D of this Article VII. <br /> C. Payment for Gas Flared <br /> 114. Each month during the Term of this Agreement, the University shall make <br /> payments to the County based on the heating energy content of the LFG that is delivered to the <br /> LFG flare (the "Flare Payment") (a) commencing upon the Flare Payment Date (as that term is <br /> defined in Article VIII hereunder) and continuing to the Conversion Payment Date (as that term <br /> is defined in Article VIII hereunder); and (b) for any period after the Conversion Payment Date <br /> during which the University operates the flare. <br /> 32 <br /> {00018638.DOC 24} <br />