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Average Allowance Market Prices and the Forecasted Carbon Prices for the <br />applicable month of the Agreement. <br />c. If there is a positive or negative difference between the Average Allowance <br />Market Price of an Emissions Allowance for the giveiz month and the Forecasted <br />Carbon Price for such month, the following adjustment to the Flare Percentage for <br />such month shall be made: The Flare Percentage shall be increased or decreased <br />by 0.357% for each whole dollar (rounded down to the nearest whole dollar) that <br />the Average Allowance Market Price for such month is either above (for <br />increases) or below (for decreases) the Forecasted Carbon Price for such month; <br />provided, however that the Flare Percentage for any month shall not be adjusted <br />in a malmer that results in the adjusted Flare Percentage equaling (i) a percentage <br />greater than (a) 8.51%, if the Flare Percentage is 5.3%; (b) 14.16%, if the Flare <br />Percentage is 10.95% by operation of Paragraph 82 of this Agreement; or (c) <br />19.81 %, if the Flare Percentage is 16.6% by operation of Paragraph 82; or (ii) a <br />percentage less thin (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 <br />(c) 13.39%, if the Flare Percentage is 16.6% by operation of Para~aph 82. For <br />purposes of calculating adjustments under this Paragraph 122, the Flare <br />Percentage shall reset each month to five and tluee-tenths percent (5.3%) or the <br />percentage established by operation of Parag_ra_ph 82, whichever is applicable. <br />For the avoidance of ambiguity and by way of example only, if the Flare <br />Percentage is adjusted in January 2015 from five and three-tenths percent (5.3%) <br />to six percent (6.0%), the Flare Percentage shall reset to five and tlu-ee-tenths <br />37 <br />