4.1 Applicable Laws. Customer’s access and use of the Service and Website, will not violate applicable laws of the United States or other laws applicable in the jurisdiction in which Customer is located, in which any natural persons who can be identified (directly or indirectly) by reference to the Customer Data (each, a “Data Subject”) is located, or in which Customer Data is stored. iConnections may from time to time make available acceptable use policies, community guidelines, or similar policies, which shall become part of this Agreement.
4.2 Competitive Use. Customer will not use or access the iConnections Technology to directly or indirectly develop, create, improve, or inform a product or service similar to or competitive with any product or service offered by iConnections now or in the future.
4.3 Export Controls. The iConnections Technology may be subject to trade control regulations of the United States, such as the U.S. Export Administration Regulations, or other export control laws applicable in other jurisdictions, including the export and sanctions laws and regulations referenced in this Agreement. Customer may not use the iConnections Technology in violation of export control or other trade controls of the United States or any other applicable jurisdiction. This includes, without limitation, the following prohibitions:(a) Customer may not use or access the Service if Customer is or are working on behalf of a Specially Designated National as defined by the United States Department of the Treasury or a person subject to similar blocking or denied party prohibitions administered by a U.S. government agency; and(b) Customer may not use or access the Service to perform any activities subject to the International Traffic in Arms Regulations (ITAR) maintained by the United States Department of State, including without limitation, ingesting ITAR-controlled data.
4.4 Customer Ownership. As between the Parties, Customer owns all rights, title, and interest, including all Intellectual Property Rights, in and to Customer Data and any modifications made thereto. Subject to the Agreement, Customer grants to iConnections a non-exclusive, worldwide, royalty-free right and license during the Term to use and process Customer Data solely to provide the Service, and as may be required by applicable law. Customer further grants to iConnections a worldwide, perpetual, irrevocable, royalty-free right and license to use, distribute, disclose, and make and incorporate into the iConnections Technology any suggestions, enhancement request, recommendation, or other feedback provided by Customer or Users relating to the iConnections Technology.
4.5 iConnections Rights. As between the Parties, iConnections has all proper rights, title, and interest, including all Intellectual Property Rights, in and to the iConnections Technology, and any other related documentation or materials provided by iConnections and any derivative works, modifications, or improvements of any of the foregoing (including without limitation all Intellectual Property Rights embodied in any of the foregoing). Except for the express rights granted herein, iConnections does not grant any other licenses or access, whether express or implied, or any ownership rights to any iConnections Technology, software, services, or Intellectual Property Rights.
4.6 Restrictions. Customer will not (and will not allow any third party to): (a) gain or attempt to gain unauthorized access to the Service or Website or infrastructure, or any element thereof, or circumvent or interfere with any authentication or security measures of the Service or Website; (b) interfere with or disrupt the integrity or performance of the Service or Website; (c) access or attempt to gain access to another customer’s data; (d) adversely impact the ability of other customers to use the Service; (e) transmit material containing software viruses or other harmful or deleterious computer code, files, scripts, agents, or programs through the Service or Website; (f) decompile, disassemble, scan, reverse engineer, or attempt to discover any source code or underlying ideas or algorithms of any iConnections Technology (except to the extent that applicable law expressly prohibits such a reverse engineering restriction, and in such case only upon prior written notice to iConnections); (g) provide, lease, lend, use for timesharing or service bureau purposes, or otherwise use or allow others to use the Service for the benefit of any third party; (h) use the Service or Website for any purpose that is not expressly permitted by this Agreement; (i) copy any iConnections Technology (or component thereof) or develop any improvement, modification, or derivative work thereof, except for Sample Materials to the extent necessary for Customer’s use of the Service; (j) include any portion of any iConnections Technology in any other service, equipment, or item; (k) allow the transfer, transmission (including without limitation making available on-line, electronically transmitting, or otherwise communicating, to the public), export, or re-export of any iConnections Technology (or any portion thereof) or any iConnections technical data; (l) perform penetration tests on the Service unless authorized by iConnections; (m) use, evaluate, or view the iConnections Technology for the purpose of designing, modifying, or otherwise creating any environment, software, models, algorithms, products, program, or infrastructure or any portion thereof, which performs functions similar to the functions of the iConnections Technology; (n) remove, obscure, or alter, or otherwise violate the terms of any copyright notice, trademarks, logos, and trade names and any other notices (including third party open source or similar licenses) or identifications that appear on or in any iConnections Technology and any associated media; (o) use the Website or iConnections Technology to engage in or advance any fraud or misrepresentation; (p) use, reproduce, or incorporate any iConnections Technology in order to create or calculate indices, benchmarks, baskets, custom data feeds, or any similar compilations or derived datasets;(q) use any portion of the iConnections Technology (alone or in combination with other data) as the basis for, or as a component of, any financial product or iConnections Technology, including any exchange-traded fund, swap, option, derivative, structured product, or other instrument whose value is derived from or otherwise linked to such the iConnections Technology; (r) use the iConnections Technology for the purpose of validating, verifying, or correcting any data or information belonging to Customer or any third party; (s) license, sell, resell, distribute, or otherwise make available the iConnections Technology, in whole or in part, to any third party except as expressly permitted in this Agreement; (t) use the iConnections Technology to improve, validate, or otherwise enhance the quality, accuracy, or completeness of any data, information, or content that is sold, licensed, contributed, or otherwise provided by Customer to any third party; or (u) use the iConnections Technology in connection with any investment accounting activities, including but not limited to back office accounting, audit functions, mark-to-market, valuations, brokerage activities, trading and settlement management and reporting, margin calculations, order execution, inventory control, or the calculation or validation of net asset values (NAVs).
4.7 Audit Rights Regarding the iConnections Technology. During the Term and for a period of two (2) years thereafter, iConnections (or its designated third-party auditor, who shall be subject to confidentiality obligations no less protective than those set forth herein) may, upon at least ten (10) days’ prior written notice and no more than once in any twelve (12)-month period (unless iConnections has a reasonable basis to suspect non-compliance), audit Customer’s (and its Users’) records, systems, facilities, and practices solely to verify compliance with the restrictions set forth in Section 4.6. Such audit may be conducted remotely or, at iConnections’ option, on-site at Customer’s principal place of business during normal business hours and in a manner designed to minimize disruption. Customer shall provide all reasonable assistance, information, and access required to complete the audit.