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percent (5.3%) for purposes of calculating any adjustments to the Flare <br />Percentage for the month of February 2015. <br />d. If there is a positive or negative difference between the Average Allowance <br />Market Price of an Emissions Allowance for the given month and the Forecasted <br />Carbon Price for such month, the following .adjustment to the Conversion <br />Percentage for such month shall be made: The Conversion Percentage shall be <br />increased or decreased by 1.12% for each whole dollar (rounded down to the <br />nearest whole dollar) that the Average Allowance Market Price for such month is <br />either above (for increases) or below (for decreases) the Forecasted Carbon Price <br />for such month; provided, however that the Conversion Percentage for any month <br />shall not be adjusted in a maimer that results in the adjusted Conversion <br />Percentage equaling a percentage greater than 26.68% or less than 6.52%. For <br />purposes of calculating adjustments under this Para •aph 122, the Conversion <br />Percentage shall reset each month to sixteen and six-tenths percent (16.6%). For <br />the avoidance of ambiguity and by way of example only, if the Conversion <br />Percentage is adjusted in January 2015 from sixteen and six-tenths percent <br />(16.6%) to fourteen percent (14.0%), the Conversion Percentage shall reset to <br />sixteen and six-tenths percent (16.6%) for purposes of calculating any <br />adjustments to the Conversion Percentage for the month of February 2015. <br />e. The University shall reflect any adjustments to the Flare and Conversion <br />Percentages made under this ParaQla~h 122, including the underlying <br />calculations, in the Monthly Billing Statement for such month issued to the <br />3$ <br />