“Third Parties” Defined Sample Clauses
The "Third Parties" Defined clause establishes a clear definition of who qualifies as a third party within the context of the agreement. Typically, this clause specifies that third parties are individuals or entities who are not direct signatories to the contract, such as subcontractors, affiliates, or unrelated external organizations. By precisely identifying who is considered a third party, the clause helps prevent ambiguity regarding rights, obligations, or protections that may or may not extend to these external actors, thereby ensuring clarity and reducing the risk of disputes over contract interpretation.
“Third Parties” Defined. “Third parties” under this Article 23 do not include the Parties, their affiliates, agents, successors or assigns, any operation or maintenance contractor of the Parties, or any entity (a) with an equity or security interest in either Party, or their assets or property, (b) that seeks to claim any rights, power or privileges of one of the Parties, or (c) that seeks to claim as a third party beneficiary of one of the Parties. No portion of the Equipment, the Project or electricity is “property of third parties” for the purposes of this Article 23.
“Third Parties” Defined. “Third Party” or “Third Parties” under this Agreement shall mean any and all Person(s) that are not a party to this Agreement other than (i) Owner Indemnified Parties, Contractor Indemnified Parties, or their respective successors or assigns, (ii) any entity with an equity or security interest in Owner and its Affiliates’ assets or property, or (iii) any other entity that seeks to claim as a third party beneficiary of the Owner. No portion of the Work, Equipment or the Facility is Third Party property for the purposes of this Agreement.