The following terms of service and financial services terms and conditions apply with respect to funds based in Luxembourg available through our password-protected platform.
Luxembourg Fund Terms of Service
LAST UPDATED: November 04, 2022
The relevant section of the icapital.com website relating to certain investment funds (including their respective sub-funds) (each a “Fund”) managed by Carne Global Fund Managers (Luxembourg) S.A. (together with its affiliates, “Carne” or “we” or “us”) (the “Carne Platform” or the “Site”) is an alternative investment platform operated by Carne and hosted by iCapital Network Technology Solutions, LLC (together with its affiliates and subsidiaries, the “Site Provider”) on behalf of Carne. The Site Provider (including its affiliates) owns (as the case may be), licenses and hosts certain websites, applications and platforms, including the Site.
The Site is intended to provide financial advisors, certain Eligible Investors and other investment professionals with the ability to access and use our financial products, tools, and services thereon (collectively, the “Financial Services”). By using the Site, you are entering into a legally binding agreement, and you hereby accept and agree to comply with these Terms of Service (“Terms”). In the event of a conflict between the terms and conditions set forth in these Terms and any other terms, guidelines or rules that apply to any specific portion of the Financial Services (collectively, “Supplemental Terms”), the terms and conditions set forth in the Supplemental Terms shall supersede and control with respect to such conflict. For the avoidance of doubt, these “Terms” shall be interpreted to include any and all Supplemental Terms, unless expressly stated otherwise or context and usage should prevent such an interpretation. The term “you” means the person using the Site. For purposes of these Terms, Carne, the Site Provider and you may each be referred to as a “party” or collectively as the “parties”. Some of the provisions of these Terms are for the benefit of the Site Provider. Your use of the Site might also be subject to certain additional terms of use required by the Site Provider, and you agree that your use and access to the Site will also be governed by such terms.
THESE TERMS GOVERN YOUR USE OF THE SITE INCLUDING ANY FINANCIAL SERVICE THEREON. PLEASE READ THESE TERMS CAREFULLY AS THEY SET FORTH EACH PARTY’S RIGHTS, OBLIGATIONS, AND LIABILITIES, INCLUDING YOUR WAIVER TO A RIGHT TO A JURY TRIAL.
CARNE AND THE SITE PROVIDER RESERVE THE RIGHT TO UPDATE OR SUPPLEMENT THESE TERMS AT ANY TIME BY POSTING AN UPDATED COPY OF THESE TERMS TO THE SITE. BY CONTINUING TO ACCESS AND USE THE SITE AFTER THE POSTING OF AN UPDATED COPY OF THESE TERMS, YOU AGREE TO THE UPDATED TERMS.
With the exception of (i) any terms specifically relating to the Site which the Site Provider requires you to agree to and/or accept in order to access and/or use the Site or which are accessible from a hyperlink on the Site, (ii) any terms which Carne requires you to agree to and/or accept in order to access and/or use the Site, and (iii) the relevant privacy notices or policies of Carne (available here), and the Site Provider, these Terms, including any addenda or Supplemental Terms hereto, as applicable, constitute the entire agreement between (x) the User and (y) Carne and/or the Site Provider with respect to the Site, and supersede all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the User and Carne (and/or the Site Provider, where applicable) with respect to the Site. Other than as set out above, any terms of service or terms of use regarding the wider icapital.com website not referring to Carne do not constitute part of User’s agreement with Carne or the Site Provider with respect to this Site.
Users qualifying as retail investors within the meaning of the Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds (the “ELTIF Regulation”) and who are accessing the Site in relation to a fund subject to the ELTIF Regulation, should also refer to Section 16.
- The Site and Financial Services
1.1 The Site; Eligibility. The Site and each Financial Service offered thereon are offered and available only to individuals who are eighteen (18) years of age or older. By using the Site, you represent and warrant that you are of legal age to form a binding contract with Carne, and the Site Provider and meet all of the foregoing eligibility requirements. If you do not meet all of these requirements, you must not access or use the Site. You are permitted to use the Site only for your internal business or investment purposes, subject to the restrictions herein. Other than as expressly set forth in these Terms, no license, or other rights in or to the Site are granted to you, and all such licenses and rights are hereby expressly reserved to Carne and the Site Provider. Carne and the Site Provider reserve the right, at any time and without notice to you, to modify, add, suspend, delete, or discontinue, temporarily or permanently, the Site, or any portion thereof, in its sole discretion, and you acknowledge and agree that Carne and the Site Provider will not be liable for any of the foregoing.
1.2 Financial Services. We offer certain Financial Services that provide information on alternative investment funds that are exempt from registration under the U.S. Securities Act of 1933, as amended. These Financial Services allow potential and existing investors who are Eligible Investors in relation to such funds (each a “Relevant Fund,” and any such potential and existing investors, “LP Users”), to review information on privately offered funds, to submit subscription application and retrieve subscription documents, and to receive reporting with respect to those investments. These Financial Services further allow general partners or managers of private funds (“GP Users”) and transfer agent or administrator entities, or any other service providers engaged by GP Users or private asset funds (“Transfer Agents”) and such Transfer Agents’ respective authorized users, including, but not limited to, respective directors, officers, agents, principals, members, partners, employees, and stockholders (collectively, “TA Users,” and together with GP Users, LP Users and Transfer Agents, “Users”) to control and/or access the content presented on the Site with respect to funds managed or handled by such Users. Except with respect to funds managed by Carne, the funds described on the Site are not offered or sold through the Site, and investors may not acquire an interest in any such fund through the Site. Any such transaction may only occur between a prospective investor and a privately offered fund separate and apart from the Site. For access and use of the Site and the Financial Services described herein by Transfer Agents and TA Users, the Supplemental Terms set forth in the Transfer Agent Addendum shall apply to such Financial Services and are deemed a part of these Terms and incorporated herein
For the purposes of these Terms, an “Eligible Investor” is an investor that is (a) eligible for an investment in the Relevant Fund under the private placement memorandum, prospectus or offering circular, any supplements thereto, the limited partnership agreement or articles of incorporation (as applicable), subscription agreement and other fund documents of that Relevant Fund, and (b) whose participation in the Relevant Fund (and any marketing, promotion or distribution of Relevant Fund interests to such person) can lawfully be made under the applicable laws of the investor’s jurisdiction and will not subject the Relevant Fund or Carne to or require any Relevant Fund or Carne to make or undertake any additional registration, notification, filing (or similar) obligations in addition to those the Relevant Fund and/or Carne as applicable has made which are valid at the relevant time.
1.3 Role of the Site Provider. Carne has subcontracted parts of the services provided hereunder to the Site Provider, including the development, operation and maintenance of the Site. The Site is an auxiliary communications infrastructure system used for the purposes of storing information on certain privately offered investment funds and is hosted by the Site Provider on behalf of Carne. The Site Provider, on behalf of Carne, provides technical support to Users only and is not authorized or regulated in the European Economic Area (“EEA”) or the United Kingdom (“UK”) for the purposes of providing the Site. The Site Provider is not providing any investment service or carrying on any regulated activity for which a license is required in the EEA and/or the UK. Nothing in these Terms shall infer or create a client relationship between a User and the Site Provider. For the avoidance of doubt, to the extent any subscription documentation is uploaded, sent and/or transmitted for purposes of these Terms by means of the Site, such subscription documentation is provided to Carne and not to the Site Provider.
- Registration; Delegation
2.1. Registration and Accounts. In order to access certain Financial Services on the Site, you must register on the Site and create an account. When you register, you must provide Carne and the Site Provider certain information (including personal information) and data. You acknowledge and agree that Carne and the Site Provider may use the personal information you provide to communicate with you, and such acceptable methods of communication with you include telephone, electronic communication (e.g., email), or text message. By registering with or using the Site, you hereby affirm that all information you provide is true and correct to the best of your knowledge, information and belief. You further affirm that you have not omitted any material facts nor provided any intentionally misleading facts in the submission of information or documents to Carne or the Site Provider. You acknowledge that the Site Provider may record and monitor conversations with you to maintain or improve the quality of the Site and Financial Services, for issue resolution, or to promote and provide the Site and Financial Services. You are solely responsible for all activities conducted under your account or username, and you must take all necessary steps to ensure that your account, username, or password are not compromised. You may not assign, otherwise transfer or disclose your username, password, account or any information obtained from the Site to any other person or entity. You acknowledge that Carne and the Site Provider are not responsible for third-party access to your account that results from theft or misappropriation of your account. Carne and the Site Provider reserve the right to refuse or cancel service, terminate accounts, or remove or edit content in their sole discretion. You must immediately and without delay inform Carne and the Site Provider if your account has become compromised. Carne and/or the Site Provider may, at any time, change any account access protocols, or any username or password assigned by Carne and/or the Site Provider to you
The abovementioned information and data will be treated in accordance with Section 3 of these Terms.
2.2. Delegate Authorization. If you delegate authority to an individual (your “Delegate”) to act on behalf of your account on this Site, you represent that you have the legal right to do so, and you assume responsibility for any actions taken by such Delegate, including all investor representations and warranties in any submitted response or document and any breaches of these Terms herein. You agree that none of Carne or the Site Provider, their respective affiliates and their respective directors, officers, agents, principals, members, partners, employees, and stockholders (collectively, the “Providing Parties”) shall have any responsibility or liability to you or any other party for any loss, liability, claim, demand, damage, cost or expense (including without limitation any attorneys’ fees or accountants’ fees or expenses or any investigatory or legal fees, or punitive, special or consequential damages) arising out of or relating to your Delegate’s actions on the Site or their use of your personal information.
2.3. Delegate Responsibility. If you are acting as a Delegate, you represent and warrant to Carne that you are assuming responsibility for the actions you take on behalf of the account owner and agree to be bound by Carne’s Terms. You agree that the Providing Parties shall have no responsibility or liability to you or any other party for any loss, liability, claim, demand, damage, cost or expense (including without limitation any attorneys’ fees or accountants’ fees or expenses or any investigatory or legal fees, or punitive, special or consequential damages) arising out of your actions on the Site.
- User Data; Data Protection; Feedback
3.1. User Data. The term “User Data” means information (including personal information), data, and other content, in any form or medium, that is submitted, posted, or otherwise transmitted by or on behalf of you or any third party acting on your behalf through the Site. As between (i) Carne and the Site Provider and (ii) you, you own the User Data. You hereby grant to Carne and the Site Provider a worldwide, nonexclusive, transferable, sublicensable, royalty-free license to host, copy, transmit, display, and process the User Data as reasonably necessary for the purposes set forth in the privacy policy (the “Privacy Policy”). You shall have sole responsibility for the accuracy, security, quality, and legality of the User Data; for the means by which you acquired such User Data; and, for the right to provide the User Data to Carne for the purposes of these Terms (including ensuring the receipt of all permissions from individuals and other third parties as may be necessary in order to provide the User Data for the purposes contemplated in these Terms). You further grant the Site Provider the right to anonymize and aggregate User Data so that it does not identify you or any other person (“Deidentified Data”) and to use such Deidentified Data for any lawful purpose.
3.2. Privacy Notice. Your use of the Site is subject to the Privacy Policy. Please review the Privacy Policy, which also governs the Site and informs Users of the data collection practices. The Privacy Policy is available here. User expressly permits Carne to share any information it provides to Carne with the Site Provider in connection with the provision of the services provided hereunder and for the purposes of management and operation of the Site by the Site Provider. The parties each acknowledge and agree that User Data may contain personal information and that Carne and the Site Provider may collect, use, disclose, transfer, or otherwise process such personal information in accordance with the Carne Privacy Policy, the Site Provider Privacy Policy and the Site Provider Privacy Notice for U.S. Investors (Gramm-Leach Bliley Act), in each case, as may be amended from time to time. You also understand and acknowledge that information you provide on the Site, including personal information, will be viewable by, or otherwise provided to, anyone with whom you provide access, such as a Delegate, an additional signer or additional account holder, or the recipient of a group email address. You agree that neither Carne nor the Site Provider shall have any responsibility or liability to you or any other party for any loss, liability, claim, demand, damage, cost or expense (including without limitation any attorneys’ fees or accountants’ fees or expenses or any investigatory or legal fees, or punitive, special or consequential damages) arising out of or relating to the sharing of your personal information with such parties.
3.3. User Data Obligations. You are permitted, and hereby agree, to only provide User Data to Carne and the Site Provider if such User Data is accurate, reliable, and relevant to the relationship with Carne and/or the Site Provider and only to the extent such disclosure will not violate any applicable law, statute, or regulation or infringe upon a person’s data privacy rights or privileges.
IF YOU PROVIDE USER DATA (INCLUDING PERSONAL INFORMATION THEREIN) TO CARNE AND/OR THE SITE PROVIDER, YOU EXPRESSLY REPRESENT AND WARRANT TO CARNE AND THE SITE PROVIDER THAT YOU HAVE THE FULL RIGHT AND AUTHORITY TO PROVIDE CARNE AND THE SITE PROVIDER WITH SUCH USER DATA (INCLUDING PERSONAL INFORMATION THEREIN) AND THAT CARNE’S AND THE SITE PROVIDER’S USE AND PROCESSING OF USER DATA AS SET FORTH HEREIN WILL NOT VIOLATE ANY PERSON’S RIGHTS OR PRIVILEGES, INCLUDING RIGHTS TO PRIVACY. YOU HEREBY AGREE TO FULLY AND COMPLETELY INDEMNIFY AND HOLD HARMLESS THE PROVIDING PARTIES FOR ANY CLAIMS, HARM, OR DAMAGES THAT MAY ARISE FROM YOUR PROVISION OF USER DATA (INCLUDING PERSONAL INFORMATION THEREIN) TO CARNE OR THE SITE PROVIDER.
3.4. Feedback. To the extent you provide any suggestions for modification or improvement or other comments, code, information, know-how, or other feedback (whether in oral or written form) relating to the Site or a Financial Service (“Feedback”), you hereby grant to Carne and the Site Provider a perpetual, irrevocable, worldwide, non-exclusive, transferable, sublicensable, royalty-free license to use and commercially exploit the Feedback in any manner Carne and/or the Site Provider see fit without accounting or other obligation. For the avoidance of doubt, Feedback is considered Carne and the Site Provider’s data (and not User Data).
- Data Providers; Subcontractors
4.1. Data Providers. Certain information on the Site has been provided by third-party data providers (“Data Providers”). Information obtained from a Data Provider is marked to indicate which Data Provider provided the relevant information. By agreeing to these Terms, you agree (i) to waive any claim against the Providing Parties and the Data Providers arising out of or related to the Content (as defined below), (ii) that you have no direct contractual privity with any Data Provider, and (iii) that you will treat all such information and data provided by a Data Provider as strictly confidential and not disclose any such data to any third party.
4.2 Subcontractors. The Site Provider may subcontract (whether under an existing or new contract between the Site Provider and a third party) any part of the Site, including the development, operation and maintenance of the Site and the collection, retention, and processing of User Data.
- Prohibited Activity; Acceptable Use
5.1. General Restrictions. By accessing the Site, you agree that you will not, directly or indirectly, undertake (or cause a third party to undertake) any of the following: (i) use the Site in violation of these Terms; (ii) copy, modify, create a derivative work from, reverse engineer or reverse assemble the Site, or otherwise attempt to discover any source code, or allow any third party to do so; (iii) sell, assign, sublicense, distribute, commercially exploit, grant a security interest in or otherwise transfer any right in, or make available to a third party, the Content or Site in any way; (iv) use or launch any automated system that accesses the Site in a manner that sends more request messages to Carne’s or the Site Provider’s servers in a given period of time than a human can reasonably produce in the same period by using a conventional on-line web browser; (v) use the Site in any manner that damages, disables, overburdens, or impairs any website or interferes with any other party’s use and enjoyment of the Site; (vi) mirror or frame the Site or any part of it on any other web site or web page; (vii) attempt to gain unauthorized access to the Site or access the Site by any means other than through the interface that is provided by Carne or the Site Provider for use in accessing the Site; (viii) use the Site for any purpose or in any manner that is prohibited by these Terms; (ix) use the Site in any manner that may violate patent, copyright, trademark, and other laws; and (x) use the Site for any purpose or in any manner that is unlawful.
5.2. Acceptable Use. Without limiting Section 5.1. of these Terms or any other provision herein, you further agree that you will not, directly or indirectly, use the Site (or cause a third party to use the Site) in a manner that (i) is threatening, abusive, harassing, stalking, or defamatory; (ii) is deceptive, false, misleading or fraudulent; (iii) is invasive of another’s privacy or otherwise violates another’s legal rights (such as rights of privacy and publicity) or inputs vulgar, obscene, indecent or unlawful material into the Content; (iv) infringes a third party’s intellectual property right(s); (v) uploads files that contain viruses, corrupted files, or any other similar software or programs that may damage the operation of another person’s computer; (vi) downloads any file that you know, or reasonably should know, cannot be legally distributed in that way; (vii) falsifies or deletes any author attributions, legal or proprietary designations, labels of the origin or source of software, or other material contained in a file or Content that is uploaded to the Site; (viii) restricts or inhibits any other user of the Site from using and enjoying it; (ix) is legally actionable between private parties; and (x) encourages, promotes, facilitates or instructs others to engage in illegal activity, or promotes, encourages, or facilitates hate speech, violence, discrimination based on race, color, sexual orientation, marital status, gender or identity expression, parental status, religion or creed, national origin or ancestry, sex, age, physical or mental disability, veteran status, genetic information, citizenship and/or any other characteristic protected by law. You agree that you will not take any of the following actions: willfully tamper with the security of the Site or tamper with any customer accounts related thereto; access data on the Site that is not intended for you; log into a server or account that you are not authorized to access; attempt to probe, scan or test the vulnerability of the Site or to breach the security or authentication measures without proper authorization; willfully render any part of the Site unusable; or lease, distribute, license, sell or otherwise commercially exploit the Site.
- Intellectual Property
6.1. Intellectual Property Rights. All content (except User Data) included on the Site, such as text, graphics, logos, images, as well as the compilation thereof, all trademarks of the Site Provider, all trademarks of Carne, all data collected by Carne, the computer programs developed by Carne, the Site Provider or their licensors or personnel, all other materials, information, software, specifications, APIs, know-how, methodologies and other works of authorship of Carne, the Site Provider or their licensors, and all intellectual property rights in the foregoing and any software used on the Site or otherwise accessible via the Financial Services (collectively, “Content”), is the property of the Site Provider, Carne, the Data Providers or other third parties with whom Carne or the Site Provider do business and is protected by copyright and other laws that protect intellectual property and proprietary rights, including trademark and copyright laws. For the avoidance of doubt, the Site, including Content, is based upon proprietary technology of the Site Provider, and the Site, including all intellectual property rights in the Site, belongs to and is the property of the Site Provider, Carne and/or their licensors (if any). The Site Provider, Carne or their licensors own and retain all copyrights in the Content. Except as specifically permitted by these Terms, the Content may not be copied, reproduced, modified, published, uploaded, posted, transmitted, performed, or distributed in any way, and you agree not to modify, rent, lease, loan, sell, distribute, transmit, broadcast, or create derivative works based on the Content or the Site, in whole or in part, by any means. The logos and designs associated with this Site and in the Content, and other marks used by the Site Provider from time to time are trademarks and the property of the Site Provider, Carne or their respective licensors. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in the Content, and will not make any changes thereto. No right, title or interest in or to any Content or any other property is granted, transferred or otherwise provided by these Terms.
6.2. Notice. Pursuant to Title 17, United States Code, Section 512(c)(2), notifications of claimed copyright infringement should be sent to the Site Provider’s designated agent. ALL INQUIRIES NOT RELEVANT TO OR NOT COMPLYING WITH THE FOLLOWING PROCEDURE WILL RECEIVE NO RESPONSE. The Site Provider respects the intellectual property of others, and the Site Provider asks you to do the same. The Site Provider will process and investigate notices of alleged infringement and will take appropriate actions under the Digital Millennium Copyright Act (“DMCA”) and other applicable intellectual property laws. Upon receipt of notices complying with the DMCA, The Site Provider will act to remove or disable access to any Content or other material found to be infringing or found to be the subject of infringing activity and will act to remove or disable access to any reference or link to Content or material that is found to be infringing. If you believe that your work has been copied in a way that constitutes copyright infringement, please provide notice to the Site Provider. To be effective, your notice must include ALL of the following: (i) a physical or electronic signature of the person authorized to act on behalf of the owner of an exclusive copyright that is allegedly infringed; (ii) a description of the copyrighted work that you claim has been infringed; (iii) a description of where the material that you claim is infringing is located on the Site; (iv) your address, telephone number, and email address and all other information reasonably sufficient to permit the Site Provider to contact you; (v) a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law; and, (vi) a statement by you, made under penalty of perjury, that this information is accurate and that you are the copyright owner or authorized to act on behalf of the owner of an exclusive right that is allegedly infringed. All such notices of claimed copyright infringement should be directed to [email protected] (with “Notice of Infringement” in the subject line).
- Other Representations, Warranties and Covenants
User hereby represents, warrants and covenants to Carne and the Site Provider as follows:
(a) User at all times continues to maintain in full force and effect, all requisite power and authority (including under all applicable laws), all necessary authorizations, approvals, orders, licenses, certificates and permits of and from all governmental authorities, and all necessary rights, licenses and permits from other parties, to agree to these Terms and to conduct business in accordance with such Terms;
(b) User’s use of or access to the Site will not require the Site Provider to be authorized or regulated under any applicable laws or regulation;
(c) Your use of the Site will be for the purposes of your business, trade or profession. You and the Site Provider acknowledge and agree that the requirements of the E-Commerce Directive (2000/31/EC), as implemented in the EEA and the UK, are excluded to the fullest extent permissible by law;
(d) User will act in conformity with the Relevant Fund’s private placement memorandum, prospectus or offering circular, any supplements thereto, the articles of incorporation, limited partnership agreement or other applicable constituent documents of the Relevant Fund, the subscription agreement and all other applicable laws and regulatory requirements applicable to the relevant User’s use of the Site, including any investment restrictions, guidelines, mandates to which it and/or its clients or principals are subject;
(e) Where User is accessing the Site in its capacity as a distributor of an ELTIF (as such terms are used in the ELTIF Regulation), such User shall:
a. maintain such books and records as are required by applicable law in connection with these Terms; and
b. make all disclosures that are required by applicable law in connection with these Terms.
- Securities Products
8.1. Disclaimer. None of the information contained in the Site constitutes a recommendation, solicitation or offer by the Site Provider or its affiliates to buy or sell any securities or other financial instruments or provide any investment advice or service. The information contained in the Site has been prepared without reference to any particular individual’s investment requirements or financial situation. The information and Financial Services provided on the Site are not provided to and may not be used by any person or entity in any jurisdiction where the provision or use thereof would be contrary to applicable laws, rules or regulations of any governmental authority or regulatory or self-regulatory organization or clearing organization or where the Site Provider is not authorized to provide such information or services. Some products and services described in the Site will not be made available in all jurisdictions and to all potential users.
8.2. Private Securities. You understand that the Site contains information about private securities and you will not (i) solicit any offer to buy or offer to sell or make available interests or shares in any security (a) in any manner which would be inconsistent with applicable laws, statutes, and regulations, or with the procedures for solicitations contemplated in the confidential offering memorandum of that applicable security or (b) by any form of general solicitation or advertising, including, but not limited to, any advertisement, article, notice or other communication published in any newspaper, magazine or similar medium or broadcast over television, radio, website (excluding the Site and in such case only in accordance with the terms hereof) or by seminar or meeting whose attendees have been invited by general solicitations or advertising, or (ii) take any other action that would cause the sale of interests or shares in any security to fail to qualify for the exemption under Section 4(a)(2) of the U.S. Securities Act of 1933.
8.3. Advisor or Fiduciary. Unless explicitly agreed otherwise in writing, neither Carne or the Site Provider is, by virtue of making the information contained on the Site available to you or facilitating such arrangements (respectively), acting as your advisor or fiduciary. The Site is provided to you solely on the basis that you have the capability to independently evaluate risk and will exercise independent judgment in evaluating investment decisions. Your investment decisions will be based on your own independent assessment of the opportunities and risks presented by a potential investment, market factors and other investment considerations.
- Links to Third-Party Sites
9.1. Linked Sites. The Site may contain links to other websites (“Linked Sites”), which may or may not be under the control of the Carne and/or Site Provider. For the avoidance of doubt, Carne and/or the Site Provider is not responsible for the contents of any Linked Site that is owned or operated by a third party (“Third-Party Links”). Carne and/or the Site Provider provides any Third-Party Links to you only as a convenience, and the inclusion of the same does not imply endorsement by Carne and/or the Site Provider or any association with its operators.
9.2. Third-Party Accounts. You may be able to connect your account to third-party accounts. By connecting your account to your third-party account, you acknowledge and agree that you are consenting to the continuous release of information about you to others (in accordance with your privacy settings on those third-party sites).
- Indemnification
You agree to indemnify, defend and hold harmless the Providing Parties and Data Providers for any losses, costs, liabilities and expenses (including reasonable attorneys’ fees) relating to or arising out of (i) your use of or inability to use the Site, (ii) your unauthorized use of personal information derived from, or provided to, the Site, (iii) any act of negligence, willful misconduct, fraud or bad faith by you, (iv) your violation of these Terms or your violation of any rights of a third party, (v) your violation of any applicable laws, statutes, and regulations, (vi) your provision or use of User Data, or (vii) in the case of a financial advisor and other intermediary users, any claim by your client or any other third party with respect to a security offered on the Site arising out of your actions. Each of Carne and the Site Provider reserve the right, at its own cost, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with Carne and the Site Provider (as the case may be) in asserting any available defenses.
- Disclaimer; Limitation of Liability
11.1. GENERAL. BY USING THE SITE, YOU AGREE THAT THE INFORMATION AND CONTENT CONTAINED THEREIN IS ONLY FOR YOUR GENERAL INFORMATION AND USE AND IS NOT INTENDED AS A RECOMMENDATION OF ANY SECURITY OR FUND DESCRIBED THEREIN, AN OFFER OF ANY SECURITY OR FUND, OR AN INVITATION FOR AN OFFER. IN PARTICULAR, THE CONTENT DOES NOT CONSTITUTE ANY FORM OF ADVICE, RECOMMENDATION, REPRESENTATION, ENDORSEMENT OR ARRANGEMENT BY CARNE OR THE SITE PROVIDER OR ANY OF ITS EMPLOYEES AND IS NOT INTENDED TO BE RELIED UPON BY YOU IN MAKING (OR REFRAINING FROM MAKING) ANY SPECIFIC INVESTMENT OR OTHER DECISIONS. YOU SHOULD CONSULT YOUR OWN PROFESSIONAL TAX, LEGAL AND OTHER APPROPRIATE ADVISORS BEFORE MAKING ANY SUCH DECISION. ANY AGREEMENTS, TRANSACTIONS OR OTHER ARRANGEMENTS MADE BETWEEN YOU AND ANY THIRD PARTY NAMED ON (OR LINKED TO OR FROM) THE SITE ARE AT YOUR SOLE DISCRETION AND RESPONSIBILITY. BY USING THE SITE, YOU EXPRESSLY AGREE THAT SUCH USE IS AT YOUR SOLE RISK. THE SITE IS PROVIDED ON AN “AS IS,” “AS AVAILABLE” AND “WITH ALL FAULTS” BASIS.
11.2. NO LIABILITY. YOU AGREE THAT THE PROVIDING PARTIES WILL NOT BE LIABLE TO YOU FOR ANY LOSSES THAT RELATE TO YOUR BUSINESS OR INVESTMENT CHOICES INCLUDING LOST PROFITS OR LOSS OF PRIVACY OR LOSS OF OR DAMAGE TO DATA, OR ANY IMPROPER USE OR IMPROPER DISCLOSURE OF INFORMATION CAUSED BY YOU OR DELEGATES OR ANY PERSON USING YOUR, AN AUTHORIZED USER’S, OR DELEGATE’S LOGIN CREDENTIALS. THE SITE PROVIDER CANNOT AND DOES NOT ASSUME ANY RESPONSIBILITY FOR ANY LOSS, DAMAGES OR LIABILITIES ARISING FROM THE FAILURE OF ANY TELECOMMUNICATIONS INFRASTRUCTURE OR OF THE INTERNET, OR FOR MISUSE OF ANY ADVICE, IDEAS, INFORMATION, INSTRUCTIONS OR GUIDELINES ACCESSED THROUGH THE SITE.
11.3. NO WARRANTIES. YOU ACCEPT THAT THE PROVIDING PARTIES DO NOT GIVE ANY WARRANTIES WITH RESPECT TO THE SITE OR ANY CONTENT. THE PROVIDING PARTIES HEREBY DISCLAIM ALL WARRANTIES, CONDITIONS OR DUTIES OF EVERY NATURE WHATSOEVER (EXCEPT TO THE EXTENT THAT SUCH WARRANTIES CANNOT BE WAIVED UNDER APPLICABLE LAW), INCLUDING WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF SATISFACTORY QUALITY, MERCHANTABILITY OR OF FITNESS FOR A PARTICULAR PURPOSE, ANY EXPRESS OR STATUTORY WARRANTIES, AND ANY WARRANTIES OR DUTIES REGARDING ACCURACY, TIMELINESS, COMPLETENESS, PERFORMANCE, AVAILABILITY, LACK OF NEGLIGENCE OR OF WORKMANLIKE EFFORT. NEITHER DO THE PROVIDING PARTIES PROVIDE ANY WARRANTY THAT THE SITE IS FREE FROM INFECTION BY VIRUSES OR ANYTHING ELSE THAT HAS CONTAMINATING OR DESTRUCTIVE PROPERTIES. YOU FURTHER ACKNOWLEDGE AND AGREE THAT THE SITE MAY NOT MEET YOUR REQUIREMENTS, MAY NOT BE COMPATIBLE WITH ANY PARTICULAR INFORMATION SYSTEM, AND MAY NOT RESULT IN ANY ACTUAL BUSINESS OPPORTUNITIES, REVENUE OR SAVINGS. YOU FURTHER ACKNOWLEDGE AND AGREE THAT THE SITE MAY NOT BE CONTINUOUSLY AVAILABLE AND MAY CONTAIN ERRORS, BUGS, MALICIOUS CODE, AND OTHER DEFECTS THAT MAY NOT BE CORRECTED AND THE CONTENT MAY NOT BE ACCURATE, TIMELY OR COMPLETE. THE SITE MAY BE SUBJECT TO LIMITATIONS, DELAYS, AND OTHER PROBLEMS INHERENT IN THE USE OF THE INTERNET AND ELECTRONIC COMMUNICATIONS, AND NO PROVIDING PARTY IS RESPONSIBLE FOR ANY DELAYS, DELIVERY FAILURES, VIRUSES, LOSS OR COMPROMISE TO USER DATA, OR OTHER DAMAGE RESULTING FROM SUCH PROBLEMS. THE ENTIRE RISK AS TO THE USE OF THE SITE IS ASSUMED BY YOU.
11.4. Other Exclusions. In addition to but separate from the above specific exclusions and to the full extent allowed by applicable law, you also agree that the Providing Parties will not be liable to you for any other indirect, special, consequential incidental, punitive or exemplary damages whatsoever that arise out of or are related to your use of the Site. Further, the Providing Parties are not liable for any Force Majeure event. The Providing Parties do not control telephones, third-party communications networks (including your Internet Service Provider) or the Internet or the acts of third parties, and you agree that the Providing Parties can therefore not be liable for any problem experienced by you on account of faults and failures in such systems. “Force Majeure” shall mean any cause or causes beyond the reasonable control of the Providing Parties (which include but are not limited to strikes, riots, war, acts of God, invasion, fire, explosion, floods, epidemics, pandemics, public health crises, and acts of government or governmental agencies or instrumentalities).
- Geographic Restrictions
The owner of the Site is based in the Grand Duchy of Luxembourg. The Site Provider hosts the Site on our behalf and we provide the Site for intended use by persons located in the European Economic Area (“EEA”) and the United Kingdom (“UK”). We make no claims that the Site or any of its content is accessible or appropriate outside of the EEA or the UK. Access to the Site may not be legal by certain persons or in certain countries. If you access the Site from outside of the EEA or the UK, you do so on your own initiative and are responsible for compliance with local laws.
- Assignment
Neither party may assign these Terms or otherwise transfer any right or obligation under these Terms, without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. Notwithstanding the foregoing, either party may assign these Terms in their entirety to an acquirer of all or substantially all of the assets or equity of such party to which these Terms relate, whether by merger, asset sale, or otherwise, provided that, in the event of an assignment by you, all fees then due and payable to Carne or the Site Provider have been paid. Any attempt by a party to assign or transfer its rights or obligations under these Terms other than as permitted by this Section 13 shall be void and of no effect. Subject to the foregoing, these Terms shall be binding upon and inure to the benefit of the parties’ successors and permitted assigns.
- Communications; Notice
Visiting the Site or sending emails to Carne constitutes electronic communications. You consent to receive electronic communications, and you agree that all agreements, notices, disclosures and other communications that we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communications be in writing. All notices and communications with respect to these Terms shall be sent to: [email protected]
- Miscellaneous
Each of Carne and the Site Provider reserve the right, in its sole discretion, to terminate your access to the Site or any portion thereof at any time, without notice. To the maximum extent permitted by law, these Terms are governed by the laws of the State of New York, and you hereby consent to the exclusive jurisdiction and venue of courts in New York in all disputes arising out of or relating to the use of the Site. Use of the Site is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including without limitation, this section. EACH PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF THESE TERMS CONTEMPLATED HEREBY OR THEREBY. IF YOU ARE A CONSUMER AND HAVE YOUR HABITUAL RESIDENCE IN THE EU OR THE UK, YOU ADDITIONALLY ENJOY THE PROTECTION AFFORDED TO YOU BY MANDATORY PROVISIONS OF THE LAW OF YOUR COUNTRY OF RESIDENCE.
You agree that no joint venture, partnership, employment, or agency relationship exists between you and Carne or the Site Provider as a result of these Terms or use of the Site. If any provision of these Terms is determined to be invalid or unenforceable pursuant to applicable laws, statutes, and regulations, such provision shall be deemed deleted from these Terms, but such deletion shall not affect the enforceability of any other provision in these Terms. These Terms, including any addenda hereto, as applicable, constitute the entire agreement between you and the Site Provider with respect to the Site and supersede all prior or contemporaneous communications and proposals, whether electronic, oral or written, between you and the Site Provider with respect to the Site.
- ELTIF Users
This Section 16 shall only apply to retail investors within the meaning of the ELTIF Regulation who are accessing the Site in relation to a fund subject to the ELTIF Regulation (for the purposes of this Section 16, the “Fund”). In relation to such persons, in case of any discrepancy between the other provisions of these Terms and this Section 16, the provisions of this Section 16 shall prevail.
16.1 Investment Advice. You will be provided with appropriate investment advice. The investment advice will not be provided by Carne or the Site Provider but by a third regulated entity. Neither Carne nor the Site Provider bears any responsibility for inappropriate investment advice given by the third regulated entity.
16.2 Right of Cancellation. You may within two weeks after the later of (i) the date of your initial subscription or (ii) the date of your first drawdown, cancel your subscription and have your money returned without penalty.
16.3 Facilities. In accordance with the ELTIF Regulation and Delegated Regulation (EU) 2018/480 supplementing the ELTIF Regulation, facilities for making subscriptions, making payments, repurchasing or redeeming units of the Fund and to make available the information the Fund and the AIFM are required to provide under the ELTIF Regulation, will be made available to you.
16.4 Complaints. In compliance with the ELTIF Regulation, Carne has established procedures and arrangements to deal with retail investor complaints. You may address your complaints to the third regulated entities which will make available to your local facilities where complaints may be filed in one of the official languages of the relevant country. Depending on the nature of the complaint, the relevant entity will either deal directly with the complaint and revert to you or it will transmit the complaint to Carne or the Fund for further dealing. Alternatively, you may also file complaints in the English, German or French language at the registered office of the Fund. The period between the date of receipt of the complaint and the date of the response should not exceed one month. In the absence of an answer or a satisfactory answer within one month, you may file your request with the Commission de Surveillance du Secteur Financier (“CSSF”) within one year after you filed your complaint with Carne (out-of-court complaint resolution procedure). The request must be filed with the CSSF in writing, by post or by fax to the CSSF or by email (to the address/number available on the CSSF website), or online on the CSSF website. The CSSF acts as intermediary between the entities under its supervision and you.
