Common use of Theft Coverage Clause in Contracts

Theft Coverage. 12.1. If theft or loss occurs and the Member has Theft Coverage for their relevant Subscription, the Charges otherwise applicable under Articles 11.1 and 11.3 for theft or loss are either reduced or eliminated to the extent specifically outlined in Appendix IV. 12.2. When the Member has taken out Theft Coverage, the Charges specified in Appendix III-F and Appendix III-G are replaced by those set out in Appendix IV-A and Appendix IV-B, respectively, provided that at the moment of invoking the Theft Coverage, the Member has i) paid its fees for Theft Coverage and ii) fulfilled all criteria provided in Article 11 (including but not limited to, the timely reporting of theft or loss and properly securing the Micro-Mobility Product).