De Minimis Facilities definition
De Minimis Facilities means Facilities (i) with which the Participating Company contracts for production for six months or less in any twenty-four (24) month period or
De Minimis Facilities of a Participating Company shall mean Facilities (i) with which the Participating Company contracts for production for six months or less in any 24-month period or (ii) in which the Participating Company accounts for 10% or less of the annual production of such Facility. In no event shall De Minimis Facilities constitute more than 15% of the total of all Facilities of a Participating Company.
Examples of De Minimis Facilities in a sentence
As in the case of internal Company monitoring, De Minimis Facilities need not be included for inspection in a Participating Companys independent external monitoring program.