Common use of Theft Coverage Clause in Contracts

Theft Coverage. Within 30 days of a FM Tool being stolen, Customer shall provide a police report to Hilti, stating the Tool type and serial number. • Upon receipt of the police report by Hilti, Customer only has to pay a deductible of 20% of the Outstanding Future Payments defined in clause 10.1. (“Theft Coverage”). The Tool Contract for the stolen FM Tool is automatically terminated upon Hilti’s receipt of a duly completed police report and no further Monthly Fleet Fees are due to be paid by Customer. • Hilti may exclude some FM Tools from Theft Coverage, a detailed list of which is available on xxx.xxxxx.xx.xx. This list of excluded items may be adjusted by Hilti from time to time. For newly added FM Tools, the list of excluded items published at the time the respective Tool Contract is concluded, is applicable. • The Theft Coverage does not cover (i) cases of negligence or willful misconduct and/or (ii) loss of FM Tools, in both cases Customer shall have to pay the Total Outstanding Future Payments as defined in clause 10.1.

Theft Coverage.  Within 30 days of a FM Tool being stolen, Customer shall provide a police report to Hilti, stating the Tool type and serial number. •  Upon receipt of the police report by Hilti, Customer only has to pay a deductible of 20% of the Outstanding Future Payments defined in clause 10.1. (“Theft Coverage”). The Tool Contract for the stolen FM Tool is automatically terminated upon Hilti’s receipt of a duly completed police report and no further Monthly Fleet Fees are due to be paid by Customer. •  Hilti may exclude some FM Tools from Theft Coverage, a detailed list of which is available on xxx.xxxxx.xx.xx. This list of excluded items may be adjusted by Hilti from time to time. For newly added FM Tools, the list of excluded items published at the time the respective Tool Contract is concluded, is applicable. •  The Theft Coverage does not cover (i) cases of negligence or willful misconduct and/or (ii) loss of FM Tools, in both cases Customer shall have to pay the Total Outstanding Future Payments as defined in clause 10.1.

Theft Coverage. Within 30 days of a an FM Tool being stolen, Customer shall provide a police Garda report to Hilti, stating the Tool type and serial number. • Upon receipt of the police report Garda Pulse Report by Hilti, Customer only has to pay a deductible of 20% of the Outstanding Future Payments defined in clause 10.1. (“Theft Coverage”). The Tool Contract for the stolen FM Tool is automatically terminated upon HiltiXxxxx’s receipt of a duly completed police Garda report and no further Monthly Fleet Fees are due to be paid by Customer. • Hilti may exclude some FM Tools from Theft Coverage, a detailed list of which is available on xxx.xxxxx.xx.xxxxx.xxxxx.xx. This list of excluded items may be adjusted by Hilti from time to time. For newly added FM Tools, the list of excluded items published at the time the respective Tool Contract is concluded, is applicable. • The Theft Coverage does not cover (i) cases of negligence or willful misconduct and/or (ii) loss of FM Tools, in both cases Customer shall have to pay the Total Outstanding Future Payments as defined in clause 10.1.