Normalized Hold definition

Normalized Hold and "Actual Hold", as well as a further description of the accounting for the Games is set forth on Exhibit "C" attached hereto and made a part hereof for all purposes. The Tribe shall make payments to MBI for the Legal Allocation, Service Allocation and Marketing Allocation, as further set forth on Exhibit "C." If the Tribe elects to participate in the "Prize Balancing" program (only if "Normalized Hold" is elected), as set forth on Exhibit "C", the Tribe shall also make payments to MBI in the amount of one and one-half percent (1.5%) of the Normalized Hold. All of the Rent/License Fee, as well as the payments for the Legal Allocation, Service Allocation, Marketing Allocation, and Prize Balancing, if applicable, shall be paid to MBI through the Cash Management System described in Section 5 below.
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Normalized Hold is elected), as set forth on Exhibit "C", the Tribe shall also make payments to MBI in the amount of one and one-half percent (1.5%) of the Normalized Hold. All of the Rent/License Fee, as well as the payments for the Legal Allocation, Service Allocation, Marketing Allocation, and Prize Balancing, if applicable, shall be paid to MBI through the Cash Management System described in Section 5 below.
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Normalized Hold equals Gross Sales, less Target Prizes and shall be reflected in the "MegaNanza Sales Summary" report.
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Examples of Normalized Hold in a sentence

  • The definition of "Normalized Hold" and "Actual Hold", as well as a further description of the accounting for the Games is set forth on Exhibit "C" attached hereto and made a part hereof for all purposes.

  • If the Tribe elects the "Normalized Hold" option, ----------------------- the Tribe shall be responsible for the Prizes Paid for the Games; provided, -------- however, that if the Tribe further participates in the "Prize Balancing" ------- program, then MBI shall assist the Tribe in maintaining and accounting for the Prize Pools and shall guarantee the Prizes Paid for the applicable Game(s), only to the extent that there are insufficient funds in the Prize Pools.

  • The Tribe shall make payments to MBI for the Legal Allocation, Service Allocation and Marketing Allocation, as further set forth on Exhibit "C." If the Tribe elects to participate in the "Prize Balancing" program (only if "Normalized Hold" is elected), as set forth on Exhibit "C", the Tribe shall also make payments to MBI in the amount of one and one-half percent (1.5%) of the Normalized Hold.

  • A total of one and one-half percent (1.5%) of the Normalized ------------ Hold or Actual Hold, as applicable, is allocated among the following: Service Allocation (0.5% of the Normalized Hold or Actual Hold, as applicable); Marketing Allocation (0.5% of the Normalized Hold or Actual Hold, as applicable); and Legal Allocation (0.5% of the Normalized Hold or Actual Hold, as applicable).