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63 <br />may become available that are associated with the operation of the LFG Project. The Parties <br />recognize that during the Term of this Agreement, new Laws, guidance, voluntary standards or <br />comparable directives may be issued that clarify the respective valuation protocols for various <br />Environmental Benefits associated with the LFG Project. <br />126. In consultation with the County, the University sh.~,~on an ongoing basis, <br />,,,~ <br />determine if the categorization of Environmental Benefits asso_;,,ya_ed with the LFG Project in <br />~. <br />_,,~. <br />ways other than as Carbon Credits would result in additic~`"~° revenu~~'to the County without <br />~~ ~ <br />compromising either the University's ability to derive environmental~n fit through the <br />x <br />generation of Carbon Credits or its achievement of other objectives for the~'G Project, <br />~~, <br />including in particular as it relates to the University's commitment under the American College <br />and University Presidents Climate C~ ~~~'gm~tm~~ent, ~ If such alternative categorization of <br />r~ ,., <br />~~ ~XF~' <br />~ YfS ?:! <br />Environmental Benefits would result in' a gi'eater`~ ~,er~a~~.~ value to the University and a greater <br />a ent to the Coup than. the Coun ~o~ d recel e~ff the Environmental Benefits were <br />overall p ym ty ty ~ ~, <br />~,~~ <br />solely categorized as Carbon Credits, and the U "'';~e~~rsity decides in a given month, in its sole <br />°~,. <br />discretion, to monetize a portion or all of the Environmental Benefits in a manner other than as <br />---- <br />Carbon,redits, the``pirsity shall pay to the County fifty percent (50%) of the proceeds <br />_ ,~ '~ ~~ <br />resu~tm mom such monetion net of any costs the University incurs both in monetizing the <br />~~ ay~~R <br />F.nvimnmental B~ ~rlefits and i~placin~ Carbon Credits that would otherwise have been generated <br />by the operation <br />if any, but for the University's decision to monetize another <br />type of Environmenta~Benefit. Provided, however, that nothing in this Agreement shall obligate <br />the County to incur all or any portion of any costs that exceed any surplus proceeds resulting <br />from the monetization of any Environmental Benefits. In the event the University generates a <br />surplus in any month, it shall provide an accounting of the surplus revenue thus generated in the <br />40 <br />{00018638.DOC 16} <br />