|
By accessing this site, you signify your agreement
with and understanding of the following Terms of Use and Legal Information
pertaining to both this site and any material on it.
Ownership of Site and Trademarks
Lehman Brothers Holdings Inc. owns and maintains this site. "Lehman
Brothers" is the trade name for a globally diverse group of affiliates
and subsidiaries of Lehman Brothers Holdings Inc. (hereinafter referred
to collectively as "Lehman Brothers"). The trademarks, logos and
service marks displayed at this site are registered trademarks of
Lehman Brothers and others. Nothing at this site shall be construed
as granting, by implication, estoppel or otherwise, any license
or right to use any image, trademark, logo or service mark at the
site. No act of downloading or otherwise copying from this site
will transfer title to any software or material at this site to
you. Anything that you transmit to this site becomes the property
of Lehman Brothers, may be used by Lehman Brothers for any lawful
purpose, and is further subject to disclosure as deemed appropriate
by Lehman Brothers, including to any legal or regulatory authority
to which Lehman Brothers is subject. Lehman Brothers reserves all
rights with respect to copyright and trademark ownership of all
material at this site, and will enforce such rights to the full
extent of the law.
Global Dealing Restrictions
Lehman Brothers makes no representations that materials at this
site are appropriate for use in all locations, or that transactions,
securities, products, instruments or services discussed at this
site are available or appropriate for sale or use in all jurisdictions,
or by all investors or counter parties. Those who access this site
do so on their own initiative, and are responsible for compliance
with applicable local laws or regulations. Users of this site may
not necessarily be able to deal directly with all entities that
post materials at this site. No software at this site may be downloaded
or otherwise exported in contravention of U.S. Department of Treasury
or U.S. Department of Commerce regulation, or to a resident of or
location in any nation to which the U.S. or U.K. has embargoed goods.
No Offer of Securities - Disclosure of Interests
Under no circumstances should any material at this site be used
or considered as an offer to sell or a solicitation of any offer
to buy the securities or any other instruments of Lehman Brothers
or any other issuer. Offers can only be made where lawful under
applicable law. If you wish to obtain further details about any
information contained on this site we suggest that you contact a
Lehman Brothers Representative. It is possible that individual employees
of Lehman Brothers may disagree with opinions or recommendations
in materials at this site. Lehman Brothers may make a market or
deal as principal in the securities, commodities or instruments
mentioned in materials at this site or in options or other derivative
instruments based thereon. In addition, Lehman Brothers, its shareholders,
directors, officers and/or employees, may from time to time have
long or short positions in such securities or in options, futures
or other derivative instruments based thereon. One or more directors,
officers and/or employees of Lehman Brothers may be a director of
the issuer of the securities mentioned at this site. Lehman Brothers
may have managed or co-managed a public offering of, or acted as
initial purchaser or placement agent for a private placement of,
any of the securities of any issuer mentioned at this site within
the last three years, or may from time to time perform investment
banking or other services for, or solicit investment banking or
other business from, mentioned companies.
No Reliance
While Lehman Brothers uses reasonable efforts to obtain information
from reliable sources, Lehman Brothers makes no representations
or warranties as to the accuracy, reliability or completeness of
any information or document at this site. Opinions and any other
contents at this site are subject to change without notice. Lehman
Brothers is not utilizing this site to provide investment or other
advice to you or any other party, and no information or material
at this site is to be relied upon for the purpose of making or communicating
investment or other decisions.
Price Information/Valuations
Actionable prices can be obtained only on a real-time, expressly
agreed upon basis. Any indicative valuations in materials at this
site are provided for information only. They are not an offer to
enter into, transfer and assign or terminate any transaction, or
a commitment by Lehman Brothers to make such an offer. An indicative
valuation may differ substantially from an actionable value. Such
estimates do not necessarily reflect Lehman Brothers's internal
bookkeeping or theoretical model-based valuations. Certain factors
which may not have been assessed for purposes of these valuations,
including, for example, notional amounts, credit spreads, underlying
volatility, costs of carry or use of capital and profit, may substantially
affect a stated valuation. Indicative valuations in materials at
this site may vary significantly from indicative valuations available
from other sources. While Lehman Brothers has obtained the information
on which these evaluations are based from sources it believes reliable,
Lehman Brothers makes no representations or warranties with respect
to any indicative valuations.
Hypothetical or Past Performance
Hypothetical or simulated performance results have inherent limitations.
Unlike an actual performance record, simulated results do not represent
actual trading. Also, since the trades have not actually been executed,
the results may have under or over-compensated for the impact, if
any, of certain market factors, such as lack of liquidity. Simulated
trading programs in general are designed with the benefit of hindsight.
Past performance is not indicative of future results; no representation
is being made that any account will or is likely to acheive profits
or losses similar to those shown.
Material to be Consulted in its Entirety
All materials at this site are meant to be reviewed in their entirety,
including any footnotes, legal disclaimers, restrictions or disclosures,
and any copyright or proprietary notices. Any disclaimers, restrictions,
disclosure or hedge clauses apply to any partial document or material
in the same manner as they do the whole, and will be deemed incorporated
in the portion of any material or document that you consult or download.
Linked Sites
Lehman Brothers has not reviewed any of the sites linked to this
site, and is not responsible for the content of off-site pages or
any other site linked or linking to the site. Your linking to any
off-site pages or other sites is at your own risk.
No Warranty
The materials at this site are provided "as is" without warranty
of any kind, either express or implied, to the fullest extent permissible
pursuant to applicable law, including but not limited to the implied
warranties of merchantability or fitness for a particular purpose
or non-infringement. Lehman Brothers further assumes no responsibility
for, and makes no warranties that, functions contained at this site
will be uninterrupted or error-free, that defects will be corrected,
or that the site or the server that makes it available will be free
of viruses or other harmful components. Lehman Brothers shall not
be liable for any damages to, viruses that may infect, or services,
repairs or corrections that must be performed on your computer or
other property on account of your accessing or use of this site.
Please note that some jurisdictions do not allow the exclusion of
implied warranties, so some or all of the above exclusion may not
apply to you.
Liability Waiver
Under no circumstances, including, but not limited to, negligence,
shall Lehman Brothers be liable for any special or consequential
damages that result from the access or use of, or the inability
to access or use, the materials at this site, even if Lehman Brothers
or an authorized Lehman Brothers representative has been advised
of the possibility of such damages. Applicable law may not allow
the limitation or exclusion of liability for consequential or incidental
damages, so the limitation or exclusion may not apply to you. In
no event shall Lehman Brothers's total liability for any and all
damages and causes of action exceed the amount paid by you, if any,
for the use of this site.
Applicable Law
This agreement shall be governed by and construed in accordance
with the substantive and procedural laws of the State of New York,
wthout giving effect to the principles of conflicts of law.
Lehman Brothers is committed to the principles of equal
employment opportunity. The Firm does not discriminate against any
employee or applicant for employment because of race, color, religion,
gender, national origin, veteran status, disability, age, citizenship,
marital status, sexual orientation or because of any other criteria
prohibited under controlling federal, state or local law.
Lehman Brothers International (Europe) Disclosure
Statement for United Kingdom Users
The financial promotions contained on this site have been approved
for issue in the United Kingdom by Lehman Brothers International
(Europe), a Firm regulated by the Financial Services Authority (FSA).
Lehman Brothers International (Europe) is required under the rules
of the FSA to disclose certain material facts to private customers
when we communicate or approve any financial promotions.
Use of the site is subject to acceptance of our Terms
of Use and important information.
The price and value of investments and their income
may fluctuate and may fall against your interest. You may get back
less than you invested. Any information on past performance is not
necessarily a guide to future performance.
The investments and any investment services that are
available on this site may not be suitable for you and it is recommended
that you consult an investment advisor if you have any doubts about
those investments or investment services.
Some investments available on this site may have a
high level of volatility. Please note that high volatility investments
can undergo sudden and large falls in their value which may cause
you to sustain losses upon realization of that investment, that
may equal your original investment. In the case of some investments
the potential losses may exceed the initial amount paid by you,
in such a circumstance you may be required to pay more money to
support those losses.
Income yields from investments may fluctuate and in
consequence capital paid to make the investment may be used as part
of that income.
Investments denominated in foreign currencies may suffer
from an adverse effect on their value, price or income yield because
of an exposure to exchange rate fluctuations.
Some investments contained on this site may not be
readily realizable, and you may find it difficult to sell those
investments, or it may prove difficult for you to obtain reliable
information about the value or risks to which such an investment
is exposed.
Some investments contained on this site will be offered
solely by a single entity and in the case of some investments, Lehman
Brothers, or an associate of Lehman Brothers, may be the person
making that offer.
None of the statements contained in this important
information excludes or restricts our liability and duties to you
under the FSA Rules and the Financial Services and Markets Act 2000.
Lehman Brothers does not advise on the tax consequences
of any transaction. You are advised to contact an independent adviser.
Stated bases and levels of taxation may be subject to change.
|
