Orange County NC Website
45 <br />does not occur within thirty-five (35) months after the Effective Date, the Flare Percentage shall <br />be adjusted to equal ten and ninety-five one-hundredths percent (10.95%) for the purpose of <br />calculating any Flare Payment under this Agreement and shall remain at such percentage until <br />the occurrence of the Engine Start-up Date or five (5) years after the Effective Date. If the <br />Engine Start-up Date does not occur within five (5) yeazs after the N_-_~ ective Date, the Flare <br />{{ <br />~~ <br />Percentage shall be adjusted to equal sixteen and six-tenths per.: j~;y, (16.6%) for the purpose of <br />calculating any Flare Payment under this Agreement and sh`a11 remat~%t.~such percentage until <br />the occurrence of the Engine Start-up Date. Commencing thirty (30) days af~r~t~he Closing Date <br />.., .,.~ <br />of this Agreement, the University shall hold monthly progress meetings to clis,uss progress <br />~~ <br />toward achieving these completion dates including the status of the construction of the <br />components of the LFG Project. The <br />attend such progress meetings and the <br />advance written notice of the location and ti <br />meeting minutes .to the County following such <br />attendance at su~.c~~:l. meetings. <br />fns <br />r==~~,,~ ~ .~~3 ARTICLE N <br />~~ {;f <br />~t I'~9 <br />'~' '~~~~REPRESENTATIONS OF TH <br />~~ ~ ~~~ <br />x ~ <br />A. ~e UniversitY~=s Representations <br />meetings regazdless of the County's <br />"~ <br />84. The`~l~rz~er~,-i represents and warrants that, in entering into this Agreement, it <br />has relied upon its ova estimates of Landfill Gas volumes, based upon publicly available waste <br />disposal records and standard modeling assumptions and projections. The University further <br />represents that it has not relied upon Landfill Gas generation reports, drawings, and analysis <br />provided by the County or its consultant as an inducement for entering into this Agreement. The <br />County shall promptly inform the University, however, of any errors, miscalculations, or <br />22 <br />ty shall invite representatives of the County to <br />the County with reasonable <br />~~.,,~ ~ <br />-.. <br />meet~ugs. The University shall distribute <br />{00018638.DOC 16} <br />