9.1 Equipment Loan Agreement
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9.1 EQUIPMENT LOAN AGREEMENT
Sonoma State University, hereinafter referred to as “University,” agrees, for the benefit of the University, to loan to:
Name:
Address:
City:
Hereinafter referred to as “Lendee”
The equipment described below which is to be used exclusively for the University business of
For the period from to ______Month Day Year Month Day Year
In accordance with State Administrative Manual Section 8643, I understand I will be charged for any loss and/or damage to State property due to my negligence and/or unauthorized use.
I, the Lendee am responsible for returning the equipment to the University and I agree to assume the risk of loss from any cause whatsoever. If the equipment is lost, I agree to pay the estimated replacement value stated below. If the equipment is damaged, I agree to pay the cost of repair, said amount not to exceed the estimated replacement value stated below. I will be responsible for the cost of returning the equipment to the point of origin.
______/__ / ____ _/ Lendee Name (Print) Lendee Signature Date
EQUIPMENT IDENTIFICATION (to be completed by Property Custodian)
Property Location Estimated Number Description Serial Room Replacement Value of Item Numbers Bldg.
Respective Property Custodian - Approved – Property Manager Acknowledgement of copy received
Date: Date:
Revised 2/9/2006