Common use of Phase-In Clause in Contracts

Phase-In. The Phase-In Period begins on the October 1, 2022 or the effective date of this Contract (whichever date is later), and lasts until the rate using the rate calculated under Section 7.a.2. (the Differential Rate) exceeds the $4.72 per thousand gallons or October 1, 2028, whichever occurs sooner (the “Phase-In Period”). The rate charged to Talty for FY23 will be $4.77 per thousand gallons, which represents a reduction of $0.10 from the FY22 rate. The rate charged to the customer for FY24 will be $4.72 per thousand gallons, which represents a reduction of $0.05 from the FY23 rate, and that rate will remain at $4.72 per thousand gallons until the Differential Rate exceeds the $4.72 per thousand gallons or October 1, 2028, whichever occurs sooner.

Phase-In. The Phase-In Period begins on the October 1, 2022 or the effective date of this Contract (whichever date is later), and lasts until the rate using the rate calculated under Section 7.a.2. (the Differential Rate) exceeds the $4.72 per thousand gallons or October 1, 2028, whichever occurs sooner (the “Phase-In Period”). The rate charged to Talty High Point for FY23 will be $4.77 per thousand gallons, which represents a reduction of $0.10 from the FY22 rate. The rate charged to the customer for FY24 will be $4.72 per thousand gallons, which represents a reduction of $0.05 from the FY23 rate, and that rate will remain at $4.72 per thousand gallons until the Differential Rate exceeds the $4.72 per thousand gallons or October 1, 2028, whichever occurs sooner.