Common use of COMMISSION AND PAYMENT Clause in Contracts

COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the Creamedia Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of Maltese law it is Creamedia who has to account for VAT in Malta in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so Creamedias position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 10th of the following calendar month, provided that the amount due exceeds imum Threshold"). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to regulations under The Malta Gaming Authority, partners may be required for verification and ow your customer' documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, Creamedia reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 The Affiliate's acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.5 If the Affiliate disagrees with the balance due as reported, s/he shall notify Creamedia within fifteen (15) days and state the reasons of the disagreement. Failure to notify Creamedia within the prescribed time limit shall be deemed to be considered as an irrevocable acknowledgment of the balance due for the period indicated. 6.6 The Affiliate may, at the sole discretion of Creamedia, be provided with the opportunity to restructure its commission structure. Examples of alternative commission structures could include a Cost Per Acquisition (CPA) model. However, and for the avoidance of doubt, only one type of Commission Structure for the same product may be applied at the same time. Therefore, once an Affiliate accepts Creamedia 's offer to apply a new commission structure, different to the standard Commission Structure detailed in the Affiliate Agreement, the Affiliate hereby agrees and understands that the new proposed commission structure shall replace his existing commission structure in its entirety. Notwithstanding the above, the Affiliate's obligations assumed under the Affiliate Agreement will still continue to apply to the Affiliate even if a new commission structure is applicable. 6.7 The Affiliate shall have the sole responsibility to pay any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the compensation generated under the Affiliate Agreement. Creamedia shall under no circumstances whatsoever be held liable for any such amounts unpaid but found to be due by the Affiliate and the Affiliate shall indemnify Creamedia in that regard. 6.8 If in any given calendar month, a player from any Affiliate generates negative commissionable revenue of at least d Euro) then such player shall be deemed to be a high roller ("High roller(s)"). In calculating Commission for High Rollers; where commission earned by an Affiliate in relation to a High Roller(s) results in a negative amount in any calendar month then we shall have the right to carry forward any such negative amounts and the negative amounts will be applicable to and set off against any future commission payable to you in relation to the High Roller(s) until the negative balance has been fully set off against future positive commission. If any High Roller(s) has a negative commissionable revenue in excess of d Euro) in the last calendar month prior to the current unbilled calendar month then this negative commissionable revenue will be considered as negative carryover and used to calculate Commission for the current unbilled calendar month. 6.9 MINIMUM PAYMENT THRESHOLD FOR AFFILIATE EARNINGS 100.00€ vat excluded if the beneficiary's bank is in the SEPA 500.00€ vat excluded if the beneficiary's bank is outside of the SEPA

Appears in 2 contracts

Samples: Affiliate Agreement, Affiliate Agreement

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COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the Creamedia Betsson Group Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of Maltese law it is Creamedia BSL who has to account for VAT in Malta in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so Creamedias BSL’s position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 10th of the following calendar month, provided that the amount due exceeds imum €50 (the “Minimum Threshold"). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to regulations under The Malta Gaming Authority, partners may be required for verification and ow ‘know your customer' documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, Creamedia BSL reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 A minimum amount of €50 (fifty euro) may be withdrawn from the Affiliate Wallet at any one time. 6.5 The Affiliate's ’s acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.5 6.6 If the Affiliate either Party disagrees with the balance due as reporteddue, s/he it shall notify Creamedia the other Party within fifteen (15) days and state the reasons of the disagreement. Failure The disputed amount shall then be compared by BSL to notify Creamedia within reports offered in the prescribed time limit Betsson Group Affiliate Account system and the Betsson Group database, and the final amount payable shall be deemed to be considered as an irrevocable acknowledgment of per the balance due for figure reported on the period indicateddatabase. 6.6 6.7 The Affiliate may, at the sole discretion of CreamediaBSL, be provided with the opportunity to restructure its commission structure. Examples of alternative commission structures could include a Cost Per Acquisition (CPA) model. However, and for the avoidance of doubt, only one type of Commission Structure for the same product may be applied at the same time. Therefore, once an Affiliate accepts Creamedia 's offer to apply a new commission structure, different to the standard Commission Structure detailed in the Affiliate Agreement, the Affiliate hereby agrees and understands that the new proposed commission structure shall replace his existing commission structure in its entirety. Notwithstanding the above, the Affiliate's obligations assumed under the Affiliate Agreement will still continue to apply to the Affiliate even if a new commission structure is applicable. 6.7 The Affiliate shall have the sole responsibility to pay any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the compensation generated under the Affiliate Agreement. Creamedia shall under no circumstances whatsoever be held liable for any such amounts unpaid but found to be due by the Affiliate and the Affiliate shall indemnify Creamedia in that regard. 6.8 If in any given calendar month, a player from any Affiliate generates negative commissionable revenue of at least d Euro) then such player shall be deemed to be a high roller ("High roller(s)"). In calculating Commission for High Rollers; where commission earned by an Affiliate in relation to a High Roller(s) results in a negative amount in any calendar month then we shall have the right to carry forward any such negative amounts and the negative amounts will be applicable to and set off against any future commission payable to you in relation to the High Roller(s) until the negative balance has been fully set off against future positive commission. If any High Roller(s) has a negative commissionable revenue in excess of d Euro) in the last calendar month prior to the current unbilled calendar month then this negative commissionable revenue will be considered as negative carryover and used to calculate Commission for the current unbilled calendar month. 6.9 MINIMUM PAYMENT THRESHOLD FOR AFFILIATE EARNINGS 100.00€ vat excluded if the beneficiary's bank is in the SEPA 500.00€ vat excluded if the beneficiary's bank is outside of the SEPA

Appears in 1 contract

Samples: Affiliate Agreement

COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the Creamedia Gammix Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of Maltese law it is Creamedia Gammix who has to account for VAT in Malta in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so Creamedias Gammix´s position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 10th of the following calendar month, provided that the amount due exceeds imum €50 (the "Minimum Threshold"). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to regulations under The Malta Gaming Authority, partners may be required for verification and ow ‘know your customer' documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, Creamedia Gammix reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 The Affiliate's acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.5 If the Affiliate disagrees with the balance due as reported, s/he shall notify Creamedia Gammix within fifteen (15) days and state the reasons of the disagreement. Failure to notify Creamedia within the prescribed time limit shall be deemed to be considered as an irrevocable acknowledgment of the balance due for the period indicated. 6.6 The Affiliate may, at the sole discretion of Creamedia, be provided with the opportunity to restructure its commission structure. Examples of alternative commission structures could include a Cost Per Acquisition (CPA) model. However, and for the avoidance of doubt, only one type of Commission Structure for the same product may be applied at the same time. Therefore, once an Affiliate accepts Creamedia 's offer to apply a new commission structure, different to the standard Commission Structure detailed in the Affiliate Agreement, the Affiliate hereby agrees and understands that the new proposed commission structure shall replace his existing commission structure in its entirety. Notwithstanding the above, the Affiliate's obligations assumed under the Affiliate Agreement will still continue to apply to the Affiliate even if a new commission structure is applicable. 6.7 The Affiliate shall have the sole responsibility to pay any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the compensation generated under the Affiliate Agreement. Creamedia shall under no circumstances whatsoever be held liable for any such amounts unpaid but found to be due by the Affiliate and the Affiliate shall indemnify Creamedia in that regard. 6.8 If in any given calendar month, a player from any Affiliate generates negative commissionable revenue of at least d Euro) then such player shall be deemed to be a high roller ("High roller(s)"). In calculating Commission for High Rollers; where commission earned by an Affiliate in relation to a High Roller(s) results in a negative amount in any calendar month then we shall have the right to carry forward any such negative amounts and the negative amounts will be applicable to and set off against any future commission payable to you in relation to the High Roller(s) until the negative balance has been fully set off against future positive commission. If any High Roller(s) has a negative commissionable revenue in excess of d Euro) in the last calendar month prior to the current unbilled calendar month then this negative commissionable revenue will be considered as negative carryover and used to calculate Commission for the current unbilled calendar month. 6.9 MINIMUM PAYMENT THRESHOLD FOR AFFILIATE EARNINGS 100.00€ vat excluded if the beneficiary's bank is in the SEPA 500.00€ vat excluded if the beneficiary's bank is outside of the SEPAfifteen

Appears in 1 contract

Samples: Affiliate Agreement

COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the Creamedia Xxxxx Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of Maltese law it is Creamedia Grodt who has to account for VAT in Malta in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so Creamedias Xxxxx´s position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 10th of the following calendar month, provided that the amount due exceeds imum €50 (the "Minimum Threshold"). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to regulations under The Malta Gaming Authority, partners may be required for verification and ow ‘know your customer' documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, Creamedia Xxxxx reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 The Affiliate's ’s acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.5 If the Affiliate disagrees with the balance due as reported, s/he shall notify Creamedia Xxxxx within fifteen (15) days and state the reasons of the disagreement. Failure to notify Creamedia within the prescribed time limit shall be deemed to be considered as an irrevocable acknowledgment of the balance due for the period indicated. 6.6 The Affiliate may, at the sole discretion of Creamedia, be provided with the opportunity to restructure its commission structure. Examples of alternative commission structures could include a Cost Per Acquisition (CPA) model. However, and for the avoidance of doubt, only one type of Commission Structure for the same product may be applied at the same time. Therefore, once an Affiliate accepts Creamedia 's offer to apply a new commission structure, different to the standard Commission Structure detailed in the Affiliate Agreement, the Affiliate hereby agrees and understands that the new proposed commission structure shall replace his existing commission structure in its entirety. Notwithstanding the above, the Affiliate's obligations assumed under the Affiliate Agreement will still continue to apply to the Affiliate even if a new commission structure is applicable. 6.7 The Affiliate shall have the sole responsibility to pay any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the compensation generated under the Affiliate Agreement. Creamedia shall under no circumstances whatsoever be held liable for any such amounts unpaid but found to be due by the Affiliate and the Affiliate shall indemnify Creamedia in that regard. 6.8 If in any given calendar month, a player from any Affiliate generates negative commissionable revenue of at least d Euro) then such player shall be deemed to be a high roller ("High roller(s)"). In calculating Commission for High Rollers; where commission earned by an Affiliate in relation to a High Roller(s) results in a negative amount in any calendar month then we shall have the right to carry forward any such negative amounts and the negative amounts will be applicable to and set off against any future commission payable to you in relation to the High Roller(s) until the negative balance has been fully set off against future positive commission. If any High Roller(s) has a negative commissionable revenue in excess of d Euro) in the last calendar month prior to the current unbilled calendar month then this negative commissionable revenue will be considered as negative carryover and used to calculate Commission for the current unbilled calendar month. 6.9 MINIMUM PAYMENT THRESHOLD FOR AFFILIATE EARNINGS 100.00€ vat excluded if the beneficiary's bank is in the SEPA 500.00€ vat excluded if the beneficiary's bank is outside of the SEPAfifteen

Appears in 1 contract

Samples: Affiliate Agreement

COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the Creamedia Xxxxx Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of Maltese law it is Creamedia Grodt who has to account for VAT in Malta in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so Creamedias Xxxxx´s position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 10th of the following calendar month, provided that the amount due exceeds imum €50 (the "Minimum Threshold"). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to regulations under The Malta Gaming Authority, partners may be required for verification and ow ‘know your customer' documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, Creamedia Xxxxx reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 The Affiliate's ’s acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.5 If the Affiliate disagrees with the balance due as reported, s/he shall notify Creamedia Xxxxx within fifteen (15) days and state the reasons of the disagreement. Failure to notify Creamedia Xxxxx within the prescribed time limit shall be deemed to be considered as an irrevocable acknowledgment of the balance due for the period indicated. 6.6 The Affiliate may, at the sole discretion of CreamediaXxxxx, be provided with the opportunity to restructure its commission structure. Examples of alternative commission structures could include a Cost Per Acquisition (CPA) model. However, and for the avoidance of doubt, only one type of Commission Structure for the same product may be applied at the same time. Therefore, once an Affiliate accepts Creamedia 's Xxxxx’x offer to apply a new commission structure, different to the standard Commission Structure detailed in the Affiliate Agreement, the Affiliate hereby agrees and understands that the new proposed commission structure shall replace his existing commission structure in its entirety. Notwithstanding the above, the Affiliate's ’s obligations assumed under the Affiliate Agreement will still continue to apply to the Affiliate even if a new commission structure is applicable. 6.7 The Affiliate shall have the sole responsibility to pay any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the compensation generated under the Affiliate Agreement. Creamedia Xxxxx shall under no circumstances whatsoever be held liable for any such amounts unpaid but found to be due by the Affiliate and the Affiliate shall indemnify Creamedia Xxxxx in that regard. 6.8 If in any given calendar month, a player from any Affiliate generates negative commissionable revenue of at least d €50,000 (fifty thousand Euro) then such player shall be deemed to be a high roller ("High roller(s)"). In calculating Commission for High Rollers; where commission earned by an Affiliate in relation to a High Roller(s) results in a negative amount in any calendar month then we shall have the right to carry forward any such negative amounts and the negative amounts will be applicable to and set off against any future commission payable to you in relation to the High Roller(s) until the negative balance has been fully set off against future positive commission. If any High Roller(s) has a negative commissionable revenue in excess of d €50,000 (fifty thousand Euro) in the last calendar month prior to the current unbilled calendar month then this negative commissionable revenue will be considered as negative carryover and used to calculate Commission for the current unbilled calendar month. 6.9 MINIMUM PAYMENT THRESHOLD FOR AFFILIATE EARNINGS 100.00€ vat excluded if the beneficiary's bank is in the SEPA 500.00€ vat excluded if the beneficiary's bank is outside of the SEPA

Appears in 1 contract

Samples: Affiliate Agreement

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COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the Creamedia Betsson Group Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of Maltese law it is Creamedia BSL who has to account for VAT in Malta in relation to the Affiliate Programme (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so Creamedias BSL’s position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 10th of the following calendar month, provided that the amount due exceeds imum €50 (the “Minimum Threshold"). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively c1o2llectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to regulations under The Malta Gaming Authority, partners may be required for verification and ow ‘know your customer' documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, Creamedia BSL reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 A minimum amount of €50 (fifty euro) may be withdrawn from the Affiliate Wallet at any one time. 6.5 The Affiliate's ’s acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.5 6.6 If the Affiliate either Party disagrees with the balance due as reporteddue, s/he it shall notify Creamedia the other Party within fifteen (15) days and state the reasons of the disagreement. Failure The disputed amount shall then be compared by BSL to notify Creamedia within reports offered in the prescribed time limit Betsson Group Affiliate Account system and the Betsson Group database, and the final amount payable shall be deemed to be considered as an irrevocable acknowledgment of per the balance due for figure reported on the period indicateddatabase. 6.6 6.7 The Affiliate may, at the sole discretion of CreamediaBSL, be provided with the opportunity to restructure its commission structure. Examples of alternative commission structures could include a Cost Per Acquisition (CPA) model. However, and for the avoidance of doubt, only one type of Commission Structure for the same product may be applied at the same time. Therefore, once an Affiliate accepts Creamedia 's BSL’s offer to apply a new commission structure, different to the standard Commission Structure detailed in the Affiliate Agreement, the Affiliate hereby agrees and understands that the new proposed commission structure shall replace his existing commission structure in its entirety. Notwithstanding the above, the Affiliate's ’s obligations assumed under the Affiliate Agreement will still continue to apply to the Affiliate even if a new commission structure is applicable. 6.7 6.8 The Affiliate shall have the sole responsibility to pay any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the compensation generated under the Affiliate Agreement. Creamedia BSL shall under no circumstances whatsoever be held liable for any such amounts unpaid but found to be due by the Affiliate and the Affiliate shall indemnify Creamedia BSL in that regard. 6.8 6.9 If in any given calendar month, a player from any Affiliate generates negative commissionable revenue of at least d €50,000 (fifty thousand Euro) then such player shall be deemed to be a high roller ("High roller(s)"). In calculating Commission for High Rollers; where commission earned by an Affiliate in relation to a High Roller(s) results in a negative amount in any calendar month then we shall have the right to carry forward any such negative amounts and the negative amounts will be applicable to and set off against any future commission payable to you in relation to the High Roller(s) until the negative balance has been fully set off against future positive commission. If any High Roller(s) has a negative commissionable revenue in excess of d €50,000 (fifty thousand Euro) in the last calendar month prior to the current unbilled calendar month then this negative commissionable revenue will be considered as negative carryover and used to calculate Commission for the current unbilled calendar month. 6.9 MINIMUM PAYMENT THRESHOLD FOR AFFILIATE EARNINGS 100.00€ vat excluded if the beneficiary's bank is in the SEPA 500.00€ vat excluded if the beneficiary's bank is outside of the SEPA

Appears in 1 contract

Samples: Affiliate Agreement

COMMISSION AND PAYMENT. 6.1 Subject to your adherence with the provisions of the Affiliate Agreement, you will earn Commission in accordance with the Commission Structure on Net Revenue of New Customers referred by you to the Creamedia Betsson Group Websites. We retain the right to change the Commission percentage and method of calculation of Commission as we wish in accordance with this clause 6. The Commission shall be deemed to be exclusive of value added tax or any other applicable tax. VAT shall be payable into the account of the Affiliate in addition to the Commission except where in terms of Maltese law it is Creamedia BSL who has to account for VAT in Malta in relation to the Affiliate Programme Program (under reverse charge). In case of any change in the applicable VAT the Commission shall be adjusted so Creamedias BSL’s position remains not more onerous than prior to the change. 6.2 The Commission is calculated at the end of each month and payments shall be made on a monthly basis in arrears, not later than the 10th of the following calendar month, provided that the amount due exceeds imum €50 (the “Minimum Threshold"). If the balance due is less than the Minimum Threshold, it shall be accumulated and carried over to the following month and shall be payable when the total Commission collectively exceeds the Minimum Threshold. 6.3 Payment of Commission shall be made through our Affiliate Wallet. Due to regulations under The Malta Gaming Authority, partners may be required for verification and ow ‘know your customer' documentation before a withdrawal can be accessed. If an error is made in the calculation of the Commission, Creamedia BSL reserves the right to correct such calculation at any time and will immediately pay out underpayment or reclaim overpayment made to the Affiliate. 6.4 A minimum amount of €50 (fifty euro) may be withdrawn from the Affiliate Wallet at any one time. 6.5 The Affiliate's ’s acceptance of the payment of the Commission shall be deemed to constitute the full and final settlement of the balance due for the relevant period. 6.5 6.6 If the Affiliate either Party disagrees with the balance due as reporteddue, s/he it shall notify Creamedia the other Party within fifteen (15) days and state the reasons of the disagreement. Failure The disputed amount shall then be compared by BSL to notify Creamedia within reports offered in the prescribed time limit Betsson Group Affiliate Account system and the Betsson Group database, and the final amount payable shall be deemed to be considered as an irrevocable acknowledgment of per the balance due for figure reported on the period indicateddatabase. 6.6 6.7 The Affiliate may, at the sole discretion of CreamediaBSL, be provided with the opportunity to restructure its commission structure. Examples of alternative commission structures could include a Cost Per Acquisition (CPA) model. However, and for the avoidance of doubt, only one type of Commission Structure for the same product may be applied at the same time. Therefore, once an Affiliate accepts Creamedia 's offer to apply a new commission structure, different to the standard Commission Structure detailed in the Affiliate Agreement, the Affiliate hereby agrees and understands that the new proposed commission structure shall replace his existing commission structure in its entirety. Notwithstanding the above, the Affiliate's obligations assumed under the Affiliate Agreement will still continue to apply to the Affiliate even if a new commission structure is applicable. 6.7 The Affiliate shall have the sole responsibility to pay any and all taxes, levies, fees, charges and any other money payable or due both locally and abroad (if any) to any tax authority, department or other competent entity as a result of the compensation generated under the Affiliate Agreement. Creamedia shall under no circumstances whatsoever be held liable for any such amounts unpaid but found to be due by the Affiliate and the Affiliate shall indemnify Creamedia in that regard. 6.8 If in any given calendar month, a player from any Affiliate generates negative commissionable revenue of at least d Euro) then such player shall be deemed to be a high roller ("High roller(s)"). In calculating Commission for High Rollers; where commission earned by an Affiliate in relation to a High Roller(s) results in a negative amount in any calendar month then we shall have the right to carry forward any such negative amounts and the negative amounts will be applicable to and set off against any future commission payable to you in relation to the High Roller(s) until the negative balance has been fully set off against future positive commission. If any High Roller(s) has a negative commissionable revenue in excess of d Euro) in the last calendar month prior to the current unbilled calendar month then this negative commissionable revenue will be considered as negative carryover and used to calculate Commission for the current unbilled calendar month. 6.9 MINIMUM PAYMENT THRESHOLD FOR AFFILIATE EARNINGS 100.00€ vat excluded if the beneficiary's bank is in the SEPA 500.00€ vat excluded if the beneficiary's bank is outside of the SEPA

Appears in 1 contract

Samples: Affiliate Agreement

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