Net Rake definition

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 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, 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 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.

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

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

  • 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 $*, Royalty is ($*+ $*) $* .

Related to Net Rake

  • M2M Flowgate means Flowgates where constraints are jointly monitored and coordinated as defined and set forth in Schedule D to this Agreement.

  • Class C operator means the individual responsible for initially addressing emergencies presented by a spill or release from an UST system. The Class C operator typically controls or monitors the dispensing or sale of regulated substances.

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

  • Class I renewable energy means electric energy produced from

  • Class B operator means the individual who has day-to-day responsibility for implementing applicable regulatory requirements established by the department. The Class B operator typically implements in-field aspects of operation, maintenance, and associated record keeping for the UST systems.