Common use of Third Party Property Protection Clause in Contracts

Third Party Property Protection. Buyer will indemnify and hold Siemens and its subcontractors harmless for any liability arising out of loss of or damage to property at the Site which arises out of a Nuclear Incident. In addition, Buyer shall obtain for the benefit of Siemens and its subcontractors, protection against liability for, arising out of, or resulting from damage to any property or equipment located at the Site which is used or intended for use by Buyer in connection with the operation of the nuclear power plant (including but not limited to fuel) and which is owned by parties other than Buyer.

Appears in 13 contracts

Samples: Standard Terms and Conditions of Sale, assets.new.siemens.com, assets.new.siemens.com

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