Common use of University’s Responsibility Clause in Contracts

University’s Responsibility. By entering into this Agreement, the Vendor acknowledges that the equipment listed above will not be insured by University, and University will not be liable for any theft, loss, or damage to the equipment whatsoever. University’s sole liability for loss or damage shall be limited to that resulting from its gross negligence or intentional acts and shall in no event exceed the stated value of the equipment listed above.

University’s Responsibility. By entering into this Agreementagreement, the Vendor vendor acknowledges that the aforementioned equipment listed above will not be insured by University, the University and the University will not be liable for any theft, loss, loss or damage to the equipment whatsoever. The University’s 's sole liability for loss or damage shall responsibilities will be limited to that resulting from its gross negligence or intentional acts exercising reasonable care of, and shall in no event exceed providing reasonable security for the stated value of the equipment listed aboveaforementioned equipment.

University’s Responsibility. By entering into this Agreementagreement, the Vendor vendor acknowledges that the aforementioned equipment listed above will not be insured by University, the University and the University will not be liable for any theft, loss, loss or damage to the equipment whatsoever. The University’s sole liability for loss or damage shall responsibilities will be limited to that resulting from its gross negligence or intentional acts exercising reasonable care of, and shall in no event exceed providing reasonable security for the stated value of the equipment listed aboveaforementioned equipment.