To borrow and use a laptop computer provided on loan from Park Student Government Association (PSGA), I agree to abide by the following usage guidelines:
I assume all responsibility for the safety and condition on the laptop computer borrowed from Park University. I will report malfunctions and/or damages when they occur.
I am responsible for any cost of repair and/or replacement of the laptop computer which result from theft, loss, misuse, or neglect by myself or any other persons. I understand that my maximum liability for repair or replacement is the current market value of a new replacement laptop computer with similar configuration.
Laptop computers may fail, therefore, I am solely responsible for creating and saving backups of any data files I create. Park University will not be held liable for the loss or damage of any nature due to failure of this laptop computer.
I am responsible for overdue laptop computers, replacements costs, and applicable late fees. Park University can, without limiting its other remedies: charge my University account for the amount due; place a hold on my registration for classes and/or my graduation from Park University; restrict me from participation in this loan program; and withhold grades, official transcripts, evaluations, recommendations,and diploma.
By signing below, I certify that I have read, understood, and hereby accept all of the terms and conditions set forth in this borrowing agreement.
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