Common use of Duration of the Loan Agreement Clause in Contracts

Duration of the Loan Agreement. The Equipment will be loaned to THE BORROWER on or about ___(date)___ and returned to the College not later than ___(date)___. It is understood and agreed that THE BORROWER assumes all responsibility for all costs associated with shipping the Equipment to and from its campus. THE BORROWER agrees that the College may request the return of the Equipment at any time, for any reason or no reason, with seven days (one week) notice, and that THE BORROWER will return all of the Equipment promptly (within seven days, or one week). If the Equipment is not returned by the date stipulated above, or the Equipment is not returned promptly upon request, THE BORROWER agrees that they will reimburse the College for any expense that the College may incur in securing substitute equipment, whether by rental or purchase, and still be obligated to return the loaned Equipment. The College reserves the right to extend any loan period to THE BORROWER at its discretion. If THE BORROWER foresees that it will need an extension of the Equipment Loan, it must apply to the Chair of the Department of Computer Science for said extension in writing not less than thirty (30) days before the Agreement Termination Date.

Duration of the Loan Agreement. The Equipment will be loaned to THE BORROWER on or about ___([loan date)___ ] and returned to the College not later than ___([return date)___]. It is understood and agreed that THE BORROWER assumes all responsibility for all costs associated with shipping the Equipment to and from its campus. THE BORROWER agrees that the College may request the return of the Equipment at any time, for any reason or no reason, with seven days (one week) notice, and that THE BORROWER will return all of the Equipment promptly (within seven days, or one week). If the Equipment is not returned by the date stipulated above, or the Equipment is not returned promptly upon request, THE BORROWER agrees that they will reimburse the College for any expense that the College may incur in securing substitute equipment, whether by rental or purchase, and still be obligated to return the loaned Equipment. The College reserves the right to extend any loan period to THE BORROWER at its discretion. If THE BORROWER foresees that it will need an extension of the Equipment Loan, it must apply to the Chair of the Department of Computer Science for said extension in writing not less than thirty (30) days before the Agreement Termination Date.

Duration of the Loan Agreement. The Equipment will be loaned to THE the BORROWER on or about ___(date)___ [Insert date here] and returned to the College not later than ___(date)___[Insert date here]. It is understood and agreed that THE if necessary, the BORROWER assumes all responsibility for all costs associated with shipping the Equipment to and from its campus. THE The BORROWER agrees that the College may request the return of the Equipment at any time, for any reason or no reason, with seven days (one week) notice, and that THE the BORROWER will return all of the Equipment promptly (within seven days, or one week). If the Equipment is not returned by the date stipulated above, or the Equipment is not returned promptly upon request, THE the BORROWER agrees that they will reimburse the College for any expense that the College may incur in securing substitute equipment, whether by rental or purchase, and still be obligated to return the loaned Equipment. The College reserves the right to extend any loan period to THE BORROWER at its discretion. If THE the BORROWER foresees that it will need an extension of the Equipment Loan, it the BORROWER must apply to contact the Chair of the Department of Computer Science College for said extension in writing not less than thirty (30) days before the Agreement Termination Date. The BORROWER must return the Equipment upon the request of YCCC, either at the end of the term, or if the Student withdraws from YCCC or if the Staff/Faculty member are no longer employed by YCCC.