CPS Loaner Equipment Terms and Conditions

1. Loan equipment, rentals and repair service will be available only to members in good standing, regardless of membership level. No equipment will be available to any member with outstanding invoice amounts due, or to any member who has not yet timely returned Canon equipment on loan under this Program or any other.
2. I understand that all equipment loan and/or rental requests will be reviewed by Canon and Canon will determine, in its sole discretion, and in accordance with my membership level and the associated benefits, whether a loan will be made and, if so, the priority and scheduling of loans. Equipment availability is limited and is available on a first come first served basis within membership level.
3. The equipment loaned/rented to me is solely for my use in accordance with these terms and conditions. Any equipment loaned to me may not be transferred or otherwise loaned by me to a third party.
4. Canon will pay for transporting the equipment to the address listed in my membership profile or as otherwise directed by me in my loan request. Canon will also provide a prepaid shipping account number (Platinum and Cinema Plan Only) via a downloadable shipping label for transporting the equipment back to Canon upon completion of the loan period, or at such other time as Canon should request its return.
5. I acknowledge that Canon reserves the right to recall any item of equipment, for any reason, upon prior written notice sent to my email contact address.
6. In the event I fail to return the equipment when due, Canon reserves the right to invoice me for the current rental rate of any unreturned equipment, and I will pay such invoice within thirty (30) days of receipt. Extended failure to return may result in charges up to the current retail value of the equipment. Failure to return equipment and/or pay such invoice may also result in the suspension or termination of my membership privileges in the CPS program, in Canon's sole discretion.
7. I will return the equipment and all related accessories to the address as directed by Canon, in good condition, reasonable wear and tear excepted. I agree to use my best effort to protect the equipment against shock, impact, water damage, sand, dirt and other harmful substances which may result in damage to the equipment. I acknowledge and agree that I bear all risk of loss or damage to the equipment while in my possession or in transit and until its receipt by Canon, including any damage caused by improper packaging of the equipment for its return to Canon. I agree to reimburse Canon for the cost of any repairs to, or replacement of, the equipment necessitated due to mishandling, carelessness or neglect while on loan, including any damage caused by improper packaging of the equipment for its return to Canon.
8. I will carry "all risk" insurance on all equipment loaned to me in an amount equal to the full value of the equipment as set forth in Canon's dealer price list. Such insurance shall list Canon as a co-insured. I agree to reimburse Canon for any loss, theft, or disappearance of equipment in the event such loss is not reimbursed to Canon under the "all risk" insurance policy. I will promptly notify Canon (and forward Canon a copy of any report submitted to the pertinent police department) in the event of loss, theft or disappearance of the equipment.
9. I agree to use the equipment in accordance with published Canon instructions. Under no circumstances will I perform any maintenance or repair on the equipment. If maintenance or repair on the equipment is necessary, I will contact Canon's Professional Services Department for further instructions.
10. I acknowledge and agree that the equipment is loaned to me "AS IS". THERE ARE NO WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, RELATING TO THE USE OR PERFORMANCE OF THE EQUIPMENT, AND ANY AND ALL SUCH WARRANTIES ARE EXPRESSLY DISCLAIMED, INCLUDING IMPLIED WARRANTIES OF MERCHANT ABILITY AND FITNESS FOR A PARTICULAR PURPOSE. CANON SHALL NOT BE LIABLE FOR ANY DAMAGES INCLUDING WITHOUT LIMITATION, PERSONAL INJURY, PROPERTY DAMAGE, LOST PROFIT OR OTHER DIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF THIS AGREEMENT OR THE USE OR INABILITY TO USE THE EQUIPMENT.