Common use of Initial Rate Clause in Contracts

Initial Rate. For the transportation and dehydration of each MCF of Shipper's Carbon Dioxide received at the Receipt Points during any month, beginning with the date of first deliveries hereunder and continuing through the end of the first Contract Year, Shipper shall pay Transporter a transportation fee (the "Transportation Fee"), which fee shall initially be $0.16 (the "initial rate").

Initial Rate. For the transportation and dehydration of each MCF of Shipper's ’s Carbon Dioxide received at the Receipt Points during any month, beginning with the date of first deliveries hereunder and continuing through the end of the first Contract Year, Shipper shall pay Transporter a transportation fee (the "“Transportation Fee"”), which fee shall initially be $0.16 (the "“initial rate"”).