Website Terms and Conditions of Use

The following terms and conditions govern your use of this website.  By using this website in any way, you acknowledge that you have read and understood these terms and conditions, and you agree to be bound by these terms and conditions.  You also agree to comply with all applicable laws and regulations, including United States and foreign patent, trademark, service mark and copyright laws.  If you do not agree to these terms and conditions, please do not use this website in any way. 

 

Proprietary Rights

Except as otherwise indicated in this website, all right, title and interest in the works of authorship and other content contained in this website, including but not limited to all design, text, and images, are owned, licensed, or controlled by MSRB.  All such content is protected by copyright, trademark and other forms of proprietary rights.  You may not use any such content in any way that would be inconsistent with or in violation of such copyrights, trademarks and other proprietary rights.

 

Using the Content

Except as otherwise indicated with respect to a particular portion, file, or document provided on this website, you may view, print and make copies of the content and material presented on this website only on your internal computer system and as part of your use of this website for internal purposes.  You may not otherwise copy, store, transmit, perform, broadcast, publish, reproduce, create a derivative work from, display, distribute, sell, license, rent, lease or otherwise transfer (either in printed or electronic format) to any third person outside of your company or organization any of the content or materials presented in this website, whether for direct commercial or monetary gain or otherwise, without the prior written permission of the MSRB, except to the extent that such use constitutes “fair use” under the Copyright Act of 1976 (17 U.S.C. § 107).  The foregoing shall not restrict the rights of any broker, dealer or municipal securities dealer to make reasonable use of the MSRB’s rules and interpretations set forth on this website in compliance with its obligations under MSRB rule G-29.  All requests for MSRB’s permission for any use of content and materials in this website beyond the uses expressly provided for in these terms and conditions must be in writing and should be sent to: Ronald W. Smith, Municipal Securities Rulemaking Board, 1900 Duke Street, Suite 600, Alexandria, VA 22314

 

MSRB consents to your use of a hypertext link to this website from your website (which consent is revocable at any time by MSRB in its sole discretion) only if you remain fully in compliance with each of the following conditions:  (a) you must display this website in the same manner in which it would be displayed if the user of the link had directly accessed this website without use of the link and you may not display this website within a frame of another website; (b) you may link solely to the main home page (www.msrb.org) of this website or to the main page of the Glossary of Municipal Securities Terms ( www.msrb.org/msrb1/glossary )  and not to any other page or file within this website; (c) the link displayed on your website must be a text-only link marked as "MSRB Home Page" or "Municipal Securities Rulemaking Board Home Page"  (or, if the link is to the Glossary of Municipal Securities Terms, the link must be marked as "MSRB Glossary of Municipal Securities Terms") and may not include the MSRB logo or any other graphical design or text; (d) the appearance, position or other aspects of the link may not be such as to damage or dilute the goodwill associated with MSRB's name or trademarks; and (e) the appearance, position or other aspects of the link may not create the false appearance that you or any other entity is associated  with, sponsored by or otherwise endorsed by MSRB or that any activity engaged in by your or any other entity has been approved by MSRB.

 

Disclaimer and Limitation of Liability

 

All of the content and material in this website is provided to you on an “as is” basis without warranties of any kind, either express or implied, including, but not limited to, warranties of merchantability and fitness for a particular purpose, which are expressly disclaimed.  MSRB assumes no responsibility for the consequences of any intentional or unintentional error, omission, inaccuracy, incompleteness or untimeliness in or with respect to any of the content and material in this website.

 

Neither MSRB nor any of its affiliates, officers, directors, employees, agents, consultants or licensors shall be  liable or responsible to you or anyone else for any losses, injuries, damages, costs, expenses or claims caused by, arising out of or relating to the following:  (a) acts, omissions, occurrences or contingencies beyond their control; (b) service interruptions or performance failures including, but not limited to, any that result, in whole or in part, through the use of telecommunications facilities that are outside the control of the MSRB, including the Internet; (c) negligence, gross negligence or willful misconduct in procuring, compiling, interpreting, editing, writing, reporting or delivering any of the content and material in this website; (d) lost, stolen, late, corrupted, misdirected, failed, incomplete or delayed transmissions by anyone using this website, including, but not limited to, any technical malfunctions, human error, computer viruses, lost data transmissions, omissions, interruptions, deletions, defects, hyperlink failures or line failures of any telephone network, computer equipment, software, or any combination thereof; (e) damage to your computer systems, equipment, software, data, or other tangible or intangible property resulting from or sustained in connection with your use of this website; and/or (f) any disruption of business, lost sales or lost profits or any punitive, exemplary, indirect, special, incidental or consequential damages associated in any manner whatsoever with any use of this website or the content and materials in this website.   

 

Unless due to willful tortious misconduct or gross negligence, MSRB and its affiliates, officers, directors, employees, agents, consultants or licensors shall have no liability in tort, contract or otherwise (and as permitted by law, product liability) to you or anyone else for any reason relating to or in connection with your use of this website.

 

Neither MSRB nor any of its affiliates, officers, directors, employees, agents, consultants or licensors makes or has made any recommendation regarding any of the securities or other investment vehicles identified, referred to or described on this website. 

 

Some U.S. states and foreign countries may provide rights in addition to those above or do not allow the exclusion or limitation of implied warranties or liability for incidental or consequential damages.  Therefore, the above limitations may not apply to you or there may be state provisions that supersede the above.  Any provision of this Disclaimer and Limitation of Liability that is declared invalid shall be deemed severable and shall not affect the validity or enforceability of the remainder. 

 

Leaving the Website

 

When you leave this website, whether via a link contained on this website or through the use of some other navigational tool, the information you view after you leave this website is not provided by MSRB, and MSRB is not responsible for, nor has it developed or reviewed, the content at any other websites.  MSRB makes no guarantees, representations or warranties as to, and shall have no liability for, any electronic content or material delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any such electronic content or material.  MSRB disclaims any responsibility for the information available on any other website that may be reached by links from this website.

 

Changes to Terms and Conditions of Use

MSRB reserves the right to revise these terms and conditions of use at any time.  You will be deemed to be aware of and bound by any changes to these terms and conditions of use upon publication of such changes on this website, and you should check these terms and conditions periodically as you use this website to make certain you are aware of the most current terms and conditions.

 

Violations of Terms and Conditions of Use

MSRB reserves the right to seek all remedies available at law and in equity for any violations of these terms and conditions of use, including the right to block access from a particular Internet address to this website.