Orange County NC Website
30 <br />12. Conversion Percentage means sixteen and six-tenths percent (16.6%). <br />13. Delivery Point shall mean the location at which the ownership, possession and <br />control of the Landfill Gas is transferred from the County to the University. For purposes of this <br />of this Agreement, the Delivery Point shall be the blower discharge point on the Landfill <br />Property as shown on Exhibit B. <br />14. Closing Date has the meaning given in the preamble. <br />15. Effective Date shall mean the date the easements listed on Exhibit C are legally <br />k~, <br />granted to the University by the County. In the ev~,~t'~theasements listed on Exhibit C are <br />granted on different dates, the date the last easemeni,~;~ ~ranted~hall be the Effective Date. <br />16. Emission Allowance shall mean an autho~3;atlon Issued by a Governmental <br />Authority to emit one metric ton of CO2e. ` ~' <br />• ~~a~ <br />17. Engme Start-up Date shall be the date whe ~ the engine located at the <br />University's Carolina <br />conversion of Landfz~lCas.~into <br />reaches steady-state conditions and commences the <br />energy. <br />~,~ ~-~~a ~ r~+~r <br />18. En,,~,ironme ..m ~ ~~"e~i~.~s~'~l~> all credits and allowances generated by and <br />'the g~~er'tion, db~lction, treatment, sale or use of the Landfill Gas, including <br />tell <br />~~~ <br />~.,_ r~wance ;offsets, "green tags," and renewable energy credits, or <br />Emission'' }` ` <br />~~~ <br />any other ass "T`~Y~rz~term that biay hereinafter be used to describe the environmental benefit of <br />.§Fd <br />either destroying an~~s-,~~~t in the Landfill Gas (including methane) or using the Landfill Gas <br />as a source of energy. <br />19. Environmental Laws shall mean all Federal, state and local Laws concerning <br />pollution or protection of~the environment or human health, as the foregoing are enacted or in <br />effect, on or prior to the date hereof (including ambient air, soil, surface water, ground water, <br />7 <br />{00018638.DOC 16} <br />