Common use of LOST, STOLEN OR DESTROYED EQUIPMENT Clause in Contracts

LOST, STOLEN OR DESTROYED EQUIPMENT. 1. In the event Equipment is lost, stolen from or destroyed by Motor Carrier the method of settlement shall be the depreciated replacement value as of the date it was reported lost, stolen or destroyed.

LOST, STOLEN OR DESTROYED EQUIPMENT. 1. In the event the Equipment is lost, stolen from from, badly damaged or destroyed by Motor Carrier Carrier, the method of settlement shall be the Actual Cash Value or the depreciated replacement value value, as of provided by the date it was reported lost, stolen or destroyedEquipment Owners.