What happens if I decide to keep my loaner iPhone 5 via apple

I recently had my Iphone 5 sent in for service via the iPhone 5 Sleep/Wake Button Replacement Program. They say my phone will be ready within 5-6 days  or 14 days after the fact it is ready. Unfortunietly I just discovered I wont be in the country at that time.
in the agreement I signed I noticed it said the following.
2)Failure to return Loaner Phone. In the event that you fail to return the Loaner Phone to Apple by the Return Date Apple will obtain full ownership rights in the Customer Phone, and may use or dispose of the Customer phone as apple sees fir; and (ii) you will obtain full ownership rights in the loaner phone and acccept the loaner phone provided to you as a full replacement of the Customer Phone. All original terms of sale, including the remainder of any warrenty terms still in effect, that applied to the Customer Phone shall continue in force and shall apply to the Loaner Phone.

Dhackert wrote:
If you could update us on this that would be awesome! im wondering the exact same thing right now and i really need clarification.  the only line im worried about is (ii) where it says "you will accept the loaner phone provided to you as a full replacement of the customer phone." i know that a normal replacement costs around $269 but is that same replacement they are talking about in the contract? please reply it would be much appreciated.
You should really contact Apple as they are the ones who provided the loaner.

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