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Form preview Museum loan agreement template... Insurance in such cases will be effected at the lender s value which must reflect fair market value as stated on the face of this agreement and such insurance will cover only those risks against which NLBM insures its own property under such policy subject to the following standard exclusions wear and tear gradual deterioration insects vermin or inherent vice repairing restoration or retouching process hostile or warlike action insurrection rebellion etc. nuclear reaction nuclear radiation or radioactive contamination. The lender agrees that in the event of loss or damage recovery if any shall be limited to such amount as may be paid by the insurer hereby releasing NLBM its boards officers agents and employees from liability for any and all claims arising out of such loss or damage. 8. In case of long-term loans it is the responsibility of the lender to notify NLBM of current insurance valuations. 9. If the lender elects to maintain his or her own insurance then prior to delivery or shipping NLBM must be supplied with a Certificate of Insurance and Naming the Museum as an additional insured or waiving rights of subrogation. Failure of the lender to provide the agreed upon insurance constitutes a release of NLBM from any Liability for damaged to or loss of the property placed on loan. -------------------------------------- ---------------------------DOCUMENT REVIEWED BY EXECUTIVE DIRECTOR NLBM. The costs and arrangements for receiving and returning borrowed objects will be agreed upon by the lender and the NLBM at the time the loan is negotiated. 7. The NLBM will provide All Risk insurance coverage for objects which have been brought into the Museum at its request unless the lender expressly elects to maintain his or her own insurance coverage. Insurance in such cases will be effected at the lender s value which must reflect fair market value as stated on the face of this agreement and such insurance will cover only those risks against which NLBM insures its own property under such policy subject to the following standard exclusions wear and tear gradual deterioration insects vermin or inherent vice repairing restoration or retouching process hostile or warlike action insurrection rebellion etc. nuclear reaction nuclear radiation or radioactive contamination. The lender agrees that in the event of loss or damage recovery if any shall be limited to such amount as may be paid by the insurer hereby releasing NLBM its boards officers agents and employees from liability for any and all claims arising out of such loss or damage. Artifact Loan Acquisition Form Incoming Loan Lender s Name Company/Institution Address City/State Zip Code Telephone FAX Loan Purpose Loan Period Renewal Terms I hereby express my intent to provide the items described below to the Negro Leagues Baseball Museum Inc* NLBM on loan for the purpose and period stated above subject to the terms and conditions listed page 2. The NLBM assumes no other obligations other than those stated* Accession Number Objects Descriptions Item Description Condition The conditions of loan listed page 2 are agreed to and understood by the lender named below.
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