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56 <br />determining the Flare Payment, the total monthly heating energy content of the LFG measured at <br />Meter Point B (the "Flare l~~IMBTU HHV") shall be obtained by dividing the product of (a) the <br />Meter Point B Methane Content, and (b) 1,012, by 1,000,000. Expressed in a formula, the Flare <br />MMBTU I~IV =Meter Point B Methane Content x 1012 _ 1,000,000. <br />117. For a given month during the Term of this Agreement, the Flare Payment shall be <br />equal to the Flare Percentage, as such percentage may be adjusted in accordance with Subpart E <br />of this Article VII, multiplied by the product obtained by multiplying (i) the Flare MMBTU <br />HEIV for such month by (ii) the lesser of the <br />Price or the Adjusted BTU <br />z~;~,. <br />Equivalent Price. Expressed in a formula, e'~~nXhly Fl~~'°e Payment = (0.053) x (Flare <br />'~ ~~~ <br />.~^'~,'" <br />MI~~IBTU HHV) x BTU Equivalent Price or Adjusted B"1' ~`!,` ~.guivalent Price, whichever is less. <br />A sample calculation of the Flare Payment is shown in Exhibit ~~ ~, <br />D. Payment for Gas Converted to Ener~y <br />118. Each mont.:.'~;a:d "°u~[zag the Term of this Agreement, the University shall make <br />~;,a - <br />payments to the Co ~ ` ~ rased on, t ~ heating energy content of the LFG that is delivered to the <br />~~ <br />Gas Conversion System `(fie ~~un~ ur~i~n~-,l'a . ent") (a) commencing upon the Conversion <br />t~~ .~ <br />Payment Date (as that term is d~fin~e~i in Article VIII hereunder); and (b) for any period during <br />which the University operates the Gas.~~'onversion System. <br />119. The University shall continuously monitor the LFG at Meter Points A and B, and <br />such LFG will be measured, recorded, and totalized on an hourly, daily and monthly basis. The <br />heating energy content of the LFG delivered to the Gas Conversion System shall be based on its <br />measured monthly methane content at Meter Point A. The methane content shall be measured in <br />scfJmonth and shall be equal to the product of (a} the percent methane by volume, and (b) the <br />LFG measured in scf/month at Meter Point A (the "Meter Point A Methane Content"). For <br />purposes of determining the Conversion Payment, the total monthly heating energy content of <br />33 <br />{00018638.DOC 16} <br />