Common use of Third Parties; Insurance Requirements Clause in Contracts

Third Parties; Insurance Requirements. The Lessee shall use its best efforts to provide that the Nuclear Material, while in the possession of third parties, is covered for liability insurance and indemnification to the maximum extent available, and for physical damage insurance in an amount not less than the Stipulated Casualty Value of such Nuclear Material. To the extent that any such third party is maintaining such insurance coverage for the Nuclear Material, the Lessee shall have no obligation to do so under this Lease Agreement.