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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 NINIBTU ~") 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 Cantent 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 />..>-~ <br />HHV for such month by (ii) the lesser of the BT[%;: Equivalent Price or the Adjusted BTU <br />E uivalent Price. Ex ressed in a formula, th~ $hly F ;~ Payment = (0.053) x (Flare <br />MMBTU Imo) x BTU Equivalent Price or Adjusted <br />Price, whichever is less. <br />A sample calculation of the Flare Payment is shown in Exhibit ~~ ~, <br />y <br />D. Payment for Gas Converted to Ener~y ~ <br />118. Each moat '~da~g the Term of this Agreement, the University shall make <br />'~-~` ;; <br />r <br />payments to the Co, ~ 'based on,t} heating energy content of the LFG that is delivered to the <br />'~~ ~„ <br />Gas Conversian System ~ c " ~ un~ ei~liSn~P__ ent") (a) commencing upon the Conversion <br />~... fir. t ~ ?uj• <br />Payment Date (as that term is dir ~'r~d 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 />scf/month 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 />