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Legal Information

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Terms and Conditions of Use

Privacy Policy

Copyright Notice

This website is provided for informational purposes, and content and materials found here are for private use or use for internal business purposes only. By accessing or using this website, you agree to the Terms and Conditions of Use.

This website and all of its contents and services (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof), are owned by OAC 550 Owner LLC (“OAC”), its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.

No right, title, or interest in or to this website or any contents or materials on this website is granted or transferred to you except as expressly set forth in the Terms and Conditions of Use, and all rights not expressly granted are reserved by OAC. Any use of this website not expressly permitted by the Terms and Conditions of Use constitutes a breach of those Terms and Conditions of Use and may violate copyright, trademark, and other laws and/or result in the termination, suspension, or other limitation of your access to and use of this website.

Terms and Conditions of Use

Last modified: October 27, 2017

  1. Acceptance of these Terms and Conditions of Use

These Terms and Conditions of Use (these “Terms”), as amended from time to time, govern access to and use of this website, at www.550madison.com, and any of our other websites that directly link to these Terms, as well as any of our content, functions, products, or services that are accessible from such websites (collectively, the “Site”).

Please read these Terms carefully upon accessing or using the Site. By using the Site or by clicking to accept or agree to these Terms when this option is made available to you, you accept and agree to be bound by these Terms, and these Terms form a binding contract entered into between you and OAC 550 Owner LLC (“OAC”, “we”, or “us”). If you, as an individual, are acting for or on behalf of a company, organization, or other entity, such as your employer, then by accessing or using the Site: (i) you represent that you are fully authorized to access or use the Site; (ii) you agree to be bound by these Terms on behalf of yourself and such entity; and (iii) “you” shall refer collectively to you and such entity.

If you do not accept or agree to these Terms, then you are not authorized to, and must not, access or use the Site.

  1. Changes to these Terms

OAC may modify these Terms from time to time, at its sole discretion, and any modifications will be noted by updating the date these Terms were last revised. All such modifications are effective as of the time they are posted to the Site.

Your continued use of the Site following the posting of revised Terms shall constitute your acceptance of and agreement to such revised Terms, and you shall be bound by the revised Terms. You are expected to check this page regularly in order to be aware of any such revisions.

  1. Permitted Uses of the Site; Accessing the Site

We provide the Site for informational purposes. You may download and make copies of the contents of the Site and other downloadable materials available from the Site solely for private use or use for internal business purposes, in either case subject to these Terms. Downloading, copying, or otherwise storing any contents or materials from the Site for any reason other than for private use or use for internal business purposes is expressly prohibited without the prior written permission of OAC. You agree that you shall not download, copy, or use any contents or materials from the Site for any other purpose, including, but not limited to, publication, public display, or public distribution.

You are responsible for making all arrangements necessary for you to have access to the Site.

We reserve the right to withdraw or modify the Site, and any content or services we may provide via the Site, in our sole discretion and without notice. We may also restrict access to some or all of the Site, at any time and to any user or users. We shall not be liable if for any reason any part of the Site is unavailable at any time or for any period.

  1. No Offer

The Site is provided solely for informational purposes. No contents or information provided on the Site constitutes an offer, and no contents or information provided on the Site shall be binding on OAC. No binding agreement between you and OAC exists unless a formal written agreement is executed and delivered by and between you and OAC.

  1. Intellectual Property

The Site and all of its contents and services (including, but not limited to, all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof), are owned by OAC, its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.

No right, title, or interest in or to the Site or any contents or materials on the Site is granted or transferred to you except as expressly set forth herein, and all rights not expressly granted herein are reserved by OAC. Any use of the Site not expressly permitted by these Terms constitutes a breach of these Terms and may violate copyright, trademark, and other laws.

These Terms permit you to use the Site for private use or use for internal business purposes only. Except as expressly provided herein, you shall not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the contents of the Site, except as follows:

You must not:

If you print, copy, modify, download, publicly display or distribute, or otherwise use any contents or materials from the Site in breach of these Terms, we may immediately terminate your right to use the Site, and you must, at our option, return or destroy any and all copies of contents or materials from the Site in your possession.

Trademarks. The name OAC, the OAC and building logos, and all related names, logos, product and service names, designs, and slogans are trademarks of OAC or its affiliates or licensors.

You shall not use such marks without our prior written permission. All other names, logos, product and service names, designs, and slogans on this Site are the trademarks of their respective owners.

  1. Privacy and Information Practices

We value individual privacy, and we are committed to protecting individuals’ information. All information collected through the Site is subject to our Privacy Policy, available here. By accessing or using the Site, or otherwise agreeing to these Terms, you acknowledge that you have read and understand the terms of the Privacy Policy and consent to the treatment of your information in accordance with the Privacy Policy.

  1. Prohibited Uses

You may use the Site only for lawful purposes and in accordance with these Terms. You agree not to use the Site:

Additionally, you agree not to:

If we learn or reasonably suspect that you, or others under your control or direction, have used the Site in a manner prohibited herein, we may block, suspend, terminate, or withhold your access to the Site as we deem appropriate in our sole discretion.

  1. Monitoring and Enforcement

We have the right to:

Without limiting the foregoing, we have the right to fully cooperate with any law enforcement authorities or court order requesting or directing us to disclose the identity of any users of the Site or other information of anyone posting any materials on or through the Site. YOU WAIVE AND HOLD HARMLESS OAC AND ITS AFFILIATES, LICENSEES, AND SERVICE PROVIDERS FROM ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY OAC DURING, OR AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER OAC OR LAW ENFORCEMENT AUTHORITIES.

However, we do not undertake to review all material before it is posted on the Site, and cannot ensure prompt removal of objectionable material from the Site. Accordingly, we assume no liability for any action or inaction regarding transmissions, communications, or content provided by any user or third party. We shall have no liability or responsibility to anyone for performance or nonperformance of the activities described in this section.

  1. No Warranties

TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE SITE AND ALL INFORMATION PRESENTED VIA THE SITE ARE PROVIDED “AS IS” AND “WITH ALL FAULTS,” AND OAC HEREBY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES OF ANY NATURE, WHETHER EXPRESS, IMPLIED, STATUTORY OR OTHERWISE, REGARDING THE SITE AND ALL INFORMATION PRESENTED VIA THE SITE, AND OAC SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT, AND ALL WARRANTIES ARISING FROM COURSE OF DEALING, USAGE, OR TRADE PRACTICE. WITHOUT LIMITING THE FOREGOING, OAC MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND AS TO THE ACCURACY OR COMPLETENESS OF ANY INFORMATION PRESENTED VIA THE SITE; AVAILABILITY, SECURITY OR PERFORMANCE OF THE SITE; EXISTENCE OR ABSENCE OF ANY DEFECTS IN THE SITE; OR COMPATIBILITY OF THE SITE WITH ANY EQUIPMENT OR SOFTWARE

  1. Limitation of Liability

TO THE EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL OAC OR ANY OF ITS REPRESENTATIVES BE LIABLE TO YOU OR TO ANY THIRD PARTY UNDER OR IN CONNECTION WITH THESE TERMS OR THEIR SUBJECT MATTER, UNDER ANY LEGAL THEORY, INCLUDING BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, FOR ANY (A) CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, PUNITIVE OR ENHANCED DAMAGES; (B) YOUR USE OF THE SITE OR ANY IMPAIRMENT, DELAY OR OTHER INTERRUPTION IN THE SITE OR YOUR ABILITY TO USE THE SITE; (C) LOSS OF BUSINESS, REVENUE OR PROFIT, DIMINUTION IN VALUE OR OTHER ECONOMIC LOSS; (D) HARM TO REPUTATION OR BUSINESS GOODWILL; OR
(E) LOSS, DAMAGE, CORRUPTION OR RECOVERY OF DATA, OR BREACH OF DATA OR SYSTEM SECURITY; (F) CONTENT, ACCURACY OR COMPLETENESS, AND ANY ERRORS IN, OR OMISSIONS FROM, THE MATERIALS INCLUDED IN OR AVAILABLE THROUGH THE SITE; OR (G) CONTENT RETRIEVED FROM THE INTERNET EVEN IF RETRIEVED OR LINKED TO, FROM, OR WITHIN THE SITE, IN EACH CASE REGARDLESS OF WHETHER OAC OR ANY ITS REPRESENTATIVES WERE ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES OR SUCH LOSSES OR DAMAGES WERE OTHERWISE FORESEEABLE, AND NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.

IN NO EVENT SHALL THE TOTAL AND AGGREGATE LIABILITY OF OAC TO YOU UNDER OR IN CONNECTION WITH THESE TERMS OR THEIR SUBJECT MATTER, UNDER ANY LEGAL OR EQUITABLE THEORY, INCLUDING BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY AND OTHERWISE, EXCEED ONE HUNDRED U.S. DOLLARS ($100). ALL CLAIMS AGAINST OAC WITH RESPECT TO ANY LIABILITY RELATED TO THESE TERMS SHALL BE AGGREGATED TO DETERMINE SATISFACTION OF SUCH LIMIT, AND THE EXISTENCE OF MORE THAN ONE CLAIM SHALL NOT ENLARGE OR EXTEND THE FOREGOING LIMITATION. THE FOREGOING LIMITATION APPLIES NOTWITHSTANDING THE FAILURE OF ANY AGREED OR OTHER REMEDY OF ITS ESSENTIAL PURPOSE.

  1. Indemnity

You shall indemnify, defend and hold harmless OAC and its affiliates, and each of its and their respective officers, directors, employees, agents, successors and assigns (each, an “Indemnitee”) from and against any and all losses incurred by such Indemnitee in connection with any claim or action by a third party arising out of or relating to any: (i) content that you upload, post, email, transmit or otherwise make available via the Site; (ii) your breach of any of your representations, warranties, covenants or obligations under these Terms; or (iii) negligence or any more culpable act or omission (including recklessness or willful misconduct) by you in connection with these Terms or their subject matter.

  1. Termination, Suspension, and Limitations of Access

You agree that we may, with prior written notice, terminate, suspend, or otherwise limit your access to the Site for cause. Cause for such termination, suspension, or other limitation of access shall include but not be limited to: (a) any material breach of these Terms or other incorporated agreements or guidelines;
(b) any request by law enforcement or other government agency; (c) unexpected technical or security issues or problems; and (d) your engagement in fraudulent or illegal activities. Further, you agree that all terminations, suspensions, or other limitations of access for cause shall be made in our sole discretion, and we shall not be liable to you or any third party for any termination, suspension, or other limitation of your access to the Site. We are not responsible for any loss or damage arising out of your failure to comply with these Terms or the steps that may be required as a consequence of any actual or perceived breach or other violation of these Terms by you.

  1. General

Entire Agreement. These Terms, together with any disclaimers that may appear on the Site, shall constitute the entire agreement between you and OAC regarding the Site. The section headings in these Terms are for convenience only and have no legal or contractual effect.

Notices. OAC may provide you with notices, by email, regular mail, or similar methods regarding the Site. For all requests and notices regarding the Site, your communication must be sent via email to Legal@550Madison.com.

Choice of Law and Forum. You and OAC each agree that these Terms and any dispute arising out of or relating to these Terms shall be governed by the laws of the State of New York without regard to its conflict of law provisions. Any and all claims, causes of action or disputes (regardless of theory) arising out of or relating to these Terms, and in which OAC is a party, shall be settled by arbitration administered by the American Arbitration Association or its successor in accordance with its Commercial Arbitration Rules or other applicable rules as determined by the arbitrator(s). Arbitration proceedings shall by conducted in New York City, New York in the English language, and, at the request of either party, result in a written statement of the facts and legal reasoning supporting the decision of the arbitrator(s). The costs of arbitration shall be borne equally by the parties. Judgement on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Notwithstanding the foregoing, OAC shall have the sole option to seek judicial relief for any claim, cause of action, or dispute (regardless of theory) arising out of or relating to these Terms in the federal courts of the United States located in the State of New York or the courts of the State of New York. If OAC seeks such judicial relief, you and OAC agree to submit to the personal jurisdiction of such courts to the exclusion of any other, and agree to waive any and all objections to the exercise of jurisdiction over the parties by such courts and to venue in such courts. Each party hereto irrevocably waives its rights to a trial by jury.

Legal Expenses. In the event that any action, suit, or other legal or administrative proceeding arising out of or relating to these Terms is instituted or commenced by either party against the other party, the prevailing party shall be entitled, in addition to any other rights or remedies it may have, to recover its expenses relating to such proceeding from the non-prevailing party, including reasonable attorneys’ fees, court costs, and arbitration fees and expenses.

Waiver and Severability of Terms. The failure of OAC or you to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. If any provision of these Terms is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of these Terms remain in full force and effect.

Statute of Limitations. Each party agrees that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of Site or to these Terms must be filed within one (1) year after such claim or cause of action arose or be forever barred.

Privacy Policy

Last modified: October 27, 2017

OAC 550 Owner LLC (“OAC”, “we”, or “us”) values individual privacy, and we are committed to protecting individuals’ information.

This Privacy Policy (this “Policy”) describes the types of information we collect, how we collect information, what we do with information that we collect, and how you can contact us with any questions about our information practices or to access or request changes or updates to information concerning you.

Please review this Policy carefully to understand our practices and treatment of information. If this Policy is unacceptable to you or if you do not agree with our information practices, you may choose not to visit or use this website or any services offered through this website.

Scope

This Policy applies to information that we collect through our public website, at www.550madison.com, and any of our other websites that provide a link to this Policy, as well as any of our products and services that are accessible via those websites (collectively, the “Site”), from you as an individual user (“you”) of the Site.

This Policy does not apply to information collected by other means, or information collected by third parties, third-party websites, or content or applications of third parties, including any that may be linked to or accessible from or on the Site.

Information We Collect and How We Collect It

Information You Provide to Us. If you communicate with us through the Site, for example to request information from us, we may ask you to provide certain information about yourself, such as your name, email address, phone number, employer or organization, professional role, or similar information. In these cases, you will know what information is collected through the Site because you will provide that information to us.

Information We Collect Automatically. As part of the standard operation of the Site, we automatically collect information from your computer or device, including IP address, domain name (that you visited from www.company.com, for example), referral or exit data (the last website that you visited before coming to the Site and the next website you visit afterwards, respectively), as well as browser and platform type (a Google browser or an Apple platform, for example). We also collect information about how you use the Site, such as the date and time of your visit, the amount of time you spend on the Site, how often you visit the Site, the areas or pages that you spend the most time on, and other click-stream data. Information collected automatically is generally statistical data and generally does not identify you personally.

Cookies, Beacons, and Tags. A cookie is a small text file that is stored on your computer or device when you access the Site. We use cookies on the Site in order to collect the information described above. You can manage the use of cookies through your browser. You may still use the Site if you reject cookies, but it may limit your ability to use some areas of the Site or otherwise diminish your experience of the Site.

In addition, with the assistance of our third-party partners and service providers, we may use technologies such as web beacons, tags, Flash cookies or HTML5 to collect or use information about visitors to the Site and their actions on the Site. For information about opting out of or managing the collection or use of such information, please see the section below regarding “Your Choices.”

The Site does not respond to “do-not-track” requests or similar browser settings.

How We Use Information We Collect

We use information that we collect, including your personal information, for the following purposes:

Disclosure of Your Information

We may disclose aggregate statistical information about visitors to the Site, which does not identify individual users, without restrictions.

Personal information about you, that you provide or that we collect as described in this Policy, may be disclosed to third parties as follows:

We may also disclose your personal information:

Whenever we disclose personal information to a third party, we seek to minimize the disclosure to only information that is necessary for the purpose of that disclosure.

International Transfers of Personal Information

For the purposes described in this Policy, we may transfer information across borders, including from your country or jurisdiction to other countries or jurisdictions around the world, where applicable laws may not provide the same level of protection of personal information as the laws of the country or jurisdiction where you are located. In those cases, we take steps to ensure that information will be provided the same level of protection in the recipient country or jurisdiction.

By visiting or using the Site, you hereby consent to the transfer of your personal information to countries where applicable laws may not provide the same level of protection of personal information as the laws of the country or jurisdiction where you are located, including, without limitation, the United States, in accordance with this Policy.

Accessing and Requesting Changes to Your Information

If you wish to access, correct, update, or delete personal information about you, please email us at Legal@550Madison.com, or contact us by mail as provided below. In responding to your request, we may request information from you and use information previously collected to verify your identity, or take other actions that we believe are appropriate.

Please understand that we may not be able to alter or delete your personal information if we are required under applicable law to maintain that information. We are also not obligated to comply with requests that are unreasonably burdensome or expensive, or with requests that would interfere with the rights of another individual. In some circumstances, we may charge a reasonable fee to fulfill your request.

Your Choices

We have engaged third parties to manage our advertising on other websites, which may collect information and provide advertising to you based upon your browsing activities and interests. If you prefer not to have information used for the purpose of serving you personalized ads, you may learn more about your choices, opt-out, or change your preferences at http://preferences-mgr.truste.com/ or http://www.google.com/settings/ads, or if you are located in the European Union at http://www.youronlinechoices.eu/.

To show videos on the Site, we may engage a third party that uses local shared objects such as Flash cookies and local storage such as HTML5 to save content and viewing preferences (volume, for example). Flash cookies may be managed at http://www.macromedia.com/support/documentation/en/flashplayer/help/settings_manager07.html. Your browser may also offer tools to manage HTML5.

Security

We take reasonable steps and follow generally accepted industry data practices to protect personal information submitted to us from accidental loss and from unauthorized access, use, alteration, and disclosure. Unfortunately, there is no completely secure or error-free method of data transmission over the Internet, and we cannot guarantee the absolute security of your personal information.

Children’s Privacy

The Site is not intended for children under the age of 13 or as defined by applicable local law, and we do not knowingly collect or solicit personal information from children. If we learn that we have collected or received personal information from a child, we will delete that information.

If you believe that we may have any personal information about a child, please contact us as provided in this Policy.

Changes to Our Policy

We may update this Policy to reflect changes to our information practices. If we make any material changes to how we treat the personal information of visitors to the Site, we will provide notice by updating the date the Policy was last revised. We encourage you to periodically review this page to learn of any changes we have made to this Policy.

Contact Us

Please feel free to contact us with any questions, comments, complaints, or suggestions regarding this Policy or our information practices. You can email us at Legal@550Madison.com or contact us by postal mail at:

Property Management Office

550 Madison Avenue

New York, New York 10022