DISTRIBUTION CONSTRUCTION Sample Clauses
The DISTRIBUTION CONSTRUCTION clause defines the responsibilities and procedures related to the building or installation of distribution systems, such as pipelines, electrical lines, or other infrastructure necessary for delivering goods or services. It typically outlines the standards, timelines, and quality requirements that must be met during construction, and may specify which party is responsible for costs, permits, and compliance with regulations. This clause ensures that both parties have a clear understanding of how distribution infrastructure will be constructed, thereby minimizing disputes and ensuring the project meets operational and legal requirements.
DISTRIBUTION CONSTRUCTION. EXPENDITURES RATIO - A ratio based on distribution construction or capital expenditures, net of reimbursements, for the immediately preceding twelve consecutive calendar months. The numerator is equal to such expenditures for a specific Client entity and the denominator is equal to such expenditures for all applicable Client entities. This ratio will be determined annually, or at such time as may be required due to a significant change.