Common use of Qualified Trader Clause in Contracts

Qualified Trader. A user who was directed by a Referring Party and identified by a Referring Party Tracker assigned to such Referring Party provided that: (i) such Referring Party is confirmed by the Company as included in the Program and is linked to the Site(s) in accordance with this Agreement, (ii) such user has been approved by the Company and has made a minimum real money deposit as defined in the Program , or such other minimum amount as shall be specified by the Program from time to time, (iii) the Company has generated from such user amount as shall be specified by the Program from time to time, and (iv) such user is not already registered to the Site(s) under a different name or through a different identity. It is hereby clarified that the Referring Party and its affiliates are NOT eligible to become Qualified Traders under such Referring Party's Referring Party Tracker(s), and should the Referring Party or any of its affiliated parties do so register, the Referring Party will not be eligible to receive the applicable commission or any other compensation whatsoever. For the purposes hereof, the term "Referring Party affiliate" shall mean any of the following: (i) any member of the Referring Party's immediate family; (ii) any individual, corporation, partnership, joint venture, trust, and any other body corporate or unincorporated organisation, directly or indirectly controlling, controlled by or under common control with the Referring Party.

Appears in 2 contracts

Sources: Referring / Marketing Agreement, Referring / Marketing Agreement