Customer Liability definition

Customer Liability means liabilities owed to the customers of the Company’s and/or Subsidiaries’ of the Company online gaming and online betting business, including but not limited to customer balances, pending payouts (including payouts requested by the customers but not yet approved by the Company or the relevant Subsidiary of the Company, as the case may be), pending sports bets (including unresulted sportsbook bets), poker tournament buy-ins, local jackpot liability (including maximum possible winnings in jackpot games, where winnings are funded solely by the Group Companies) and payback booster liability.
View Source
Customer Liability has the meaning given in clause 5.5;
View Source

Examples of Customer Liability in a sentence

  • Customer Liability Prompt action is crucial in the event of a lost or stolen Resource® card/Resource Plus® card or if you believe that an electronic fund transfer has been made without your permission using information from your check.

  • The amount of any Reserve established shall be without duplication of any other reserve (including any Inventory Reserve, any Landlord Lien Reserve or the Customer Liability Reserve) established by the Agent for the same purpose or which is otherwise ineligible by virtue of another provision hereof.

  • Customer Liability Prompt action is crucial in the event of a lost or stolen Resource® card/Resource Plus® card or if you believe that an electronic fund transfer has been made without your permission using information from your Check.

  • Customer Liability Disclosure – Tell us AT ONCE if you feel your Internet/Mobile Account Access has been compromised or if someone has transferred or may transfer money from your account without your permission.

  • All obligations that by their nature survive the expiration or termination of this Agreement, including, but not limited to, Article 9 - Confidential Information, Section 11.1, Article 12 - Indemnification, Article 13 - Arbitration and Article 16 - No Customer Liability, shall remain in effect after its expiration or termination until such obligations expire according to their respective terms.

  • As of the date of this Agreement, SunTech owes $420,510.31 with respect to the Customer Liability.

  • Business Customer Liability BUSINESS CUSTOMER REPRESENTS AND WARRANTS THAT IT’S AUTHORIZED USERS AND SUBUSERS HAVE THE APPROPRIATE AUTHORITY TO INITIATE TRANSACTIONS THROUGH THE ONLINE BANKING SERVICE.

  • The amount of any Reserve established shall have a reasonable relationship to the event, condition, or other circumstance, or fact that is the basis for such reserve and shall be without duplication of any other reserve (including any Inventory Reserve, any Landlord Lien Reserve or the Customer Liability Reserve) established by the Agent for the same purpose or which is otherwise ineligible by virtue of another provision hereof.

  • Subject to clause 16.4 (No limitation): the aggregate liability of the Customer to the Supplier under or in respect of this Customer Contract whether in contract, tort (including negligence), statute or any other cause of action, is limited to the Customer Liability Cap; and the Customer will not be liable to the Supplier under or in respect of any Customer Contract whether in contract, tort (including negligence), statute or any other cause of action for Consequential Loss.

  • SunTech shall deliver to TNS control over those bank accounts listed on Schedule 3.03 which include cash in an amount equal to the Customer Liability.