Net Rake definition

Net Rake in any calendar month during the Term means Rake less all of the following: (i) one per cent of Rake or such other percentage as notified to the Developer as an allowance in respect of monies paid in the form of betting duties or taxes (or reasonable provisions in respect thereof) or other statutory deductions or payments to licensing authorities; (ii) five per cent of Rake as an allowance in respect of charges levied by electronic payment or credit card organisations; (iii) two per cent of Rake as an allowance in respect of transactions which are reversed by instruction from the card-holder's bank (commonly referred to as charge-backs); (iv) two per cent of Rake as an allowance in respect of the cost of 'free bets' or 'free chips' provided to Customers as a promotional or marketing activity where any company within Ladbrokes' Group is able to attribute and apportion such costs to individual Customers; and (v) five per cent of Rake as an allowance in respect of Third Party Royalties;
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Net Rake means the Gross Rake minus any promotions, comps or bonuses mutually agreed to by the parties hereto granted by “Golden Palace” to Introduced Players;
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Net Rake means, for any given calendar month, Gross Poker Rake (actual rake) minus any fees associated with the Licensee's membership in the community multi-player poker network.
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Examples of Net Rake in a sentence

  • Net Rake" shall mean, for any given calendar month, Gross Poker Rake (actual rake) minus any fees associated with the Licensee's membership in the community multi-player poker network.

  • Licensee shall pay to Licensor a monthly fee based on a percentage of Licensee's Net Rake, and this fee shall be paid in accordance with Exhibit B of this Agreement.

  • Monthly Net Rake (USD) Royalty on the first * - * $* USD or * % (which ever is less), with a minimum monthly Royalty of $* on the next * - * * % on the next * - * * % *and over (no cap) * % For Examples: - For monthly Net Rake of $*, Royalty is ($*x *%) $* - For monthly Net Rake of $*, Royalty is $* - For monthly Net Rake of $*, Royalty is $* - For monthly Net Rake of $*, Royalty is ($*+ $*) $* .

  • Net Rake and Net Gaming Hold shall be deemed earned by Licensee when collected by Licensor.

  • Within 30 days of said calculation Licensor will pay to Licensee the Net Rake and Net Gaming Hold earned during said period less applicable royalty fees, service fees, promotions (sign up bonuses, player comps, incentives, prizes and Cash-based promotions once released to player accounts) and third-party financial processing fees or charges.

  • Also included in this report will be a calculation of Net Rake and Net Gaming Hold earned and due to Licensee.

  • No fees are payable for regular accounting information provided to Licensee for the purpose of calculating Net Rake and Net Gaming Hold.

Related to Net Rake

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • BR (By Report) means that the procedure is not assigned a maximum fee and requires a written description. The description shall be included on the bill or attached to the bill and shall include the following information, as appropriate:

  • Net Liquidation Percentage means the percentage of the book value of Borrowers’ Inventory that is estimated to be recoverable in an orderly liquidation of such Inventory net of all associated costs and expenses of such liquidation, such percentage to be as determined from time to time by an appraisal company selected by Agent.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Asset Management Fee shall have the meaning set forth in Section 8.02.

  • Summer Season in any year, means the Season commencing on 01 April in that year;

  • Historically black college or university means an institution determined by the Secretary of Education to meet the requirements of 34 CFR 608.2.

  • MiFID II means Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU;

  • Hammer Price means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer;

  • Performing Common Equity means Capital Stock (other than Preferred Stock) and warrants of an issuer all of whose outstanding debt is Performing.

  • Net Recovery Percentage means, at any time, the fraction, expressed as a percentage, (a) the numerator of which is the amount equal to the recovery in respect of Eligible Inventory at such time on a net orderly liquidation value basis as set forth in the most recent acceptable appraisal of Eligible Inventory received by the Administrative Agent, net of operating expenses, liquidation expenses and commissions, and (b) the denominator of which is the applicable original Value of the aggregate amount of the Inventory subject to such appraisal.

  • Non-Performing Common Equity means Capital Stock (other than Preferred Stock) and warrants of an issuer having any debt outstanding that is non-Performing.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • Mxxxx’x Rating means, with respect to a Reference Obligation, as of any date of determination: