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64 <br />Monthly Billing Statement and the monthly payment to the County shall be increased <br />accordingly. A sample calculation is provided in Exhibit G. <br />127. Notwithstanding anything contained herein to the contrary, the County shall have <br />the option, exercisable at any time and from time to time upon thirty (30) days' written notice to <br />the University, to purchase Carbon Credits from a third party and to exchange such Carbon <br />Credits, without any additional compensation, for an amount equal to up to fifteen percent (15%) <br />of the Carbon Credits generated by the LFG Project in a given month. The Carbon Credits <br />,~, <br />purchased from a third party for exchange must be el' '~e~on offsets under aCap-and-Trade <br />~~ <br />~~'~ ~ <br />System enacted under federal legislation in the Knit Mates, orn the absence of such a system, <br />~~~ <br />must be eligible carbon offsets under the California Clhate Action Registry, the Voluntary <br />~:~~ <br />.~ ,. <br />-~~_., <br />Carbon Standard, or the rules of any regional compliance;,;,_~~k~ such as the Region <br />Greenhouse Gas Initiative or the Western Climate Initiative. <br />S~, ~~,.° <br />128. The f 4~'~ crsity sh ":~~z <br />~~~ <br />month during the Term of il~SA '""~F <br />~;,~:~~, <br />~,~ <br />~;~ <br />the County on or before the fifteenth <br />the Conversion Payment along with <br />to the County (a "Monthly Billing Statement") <br />providing all relevant metering information and data that will clearly indicate (and will permit <br />the County to verify) the (i) quantity of Landfill Gas on an SCF basis delivered to the Meter <br />Points A and B during the preceding calendar month; (ii) the Meter Point A Methane Content <br />and the Meter Point B Methane Content; (iii) the Flare MMBTU I~IV and the Conversion <br />MMBTU HHV; (iv) the Flare Payment and the Conversion Payment; (v) any adjustments made <br />under Subpart E of this Article VII; and (vi) reasonably detailed calculations performed by the <br />University to derive all of the foregoing information. <br />41 <br />the metering devices to be read on the last day of each <br />shall thereafter prepare and deliver to <br />5th) day of each subsequent month the Flare Payment and <br />{00018638.DOC 16} <br />