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- Dec 13, 2006
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Due to these terms:
Termination
11.1 Either Party may terminate the Agreement forthwith at any time by giving written notice to the other Party.
11.2 The Company may terminate the Agreement immediately (with or without giving written notice to the Affiliate) if the Affiliate:
(a) commits any breach of any term of the Agreement;
(b) becomes insolvent or enters into any insolvency process or procedure; or
(c) (where the Affiliate is an individual) the Affiliate dies, or as a result of illness or incapacity becomes incapable of managing his or her own affairs, or is the subject of a bankruptcy petition or order.
11.3 If an Affiliate does not generate any successful and verified registrations for the Company for greater than a six (6) month period, the Company may terminate this Agreement with or without notice to Affiliate and have full authority to move affiliated players under the Company.
11.4 . If the new clients brought in by affiliate are winning poker and/or sports betting players, also known as sharks, then Operator has the right to reduce Affiliate poker revenue share weight down to 50%. If the new clients bought in by the Affiliate are mostly sharks with a very few regular or losing players then Operator has the right to reduce Affiliate poker and/or sports betting revenue share weight down to 0%.
12. Effects of termination
12.1 Upon termination all the provisions of the Agreement will cease to have effect, save that the following provisions of the Agreement will survive and continue to have effect (in accordance with their terms or otherwise indefinitely): Clauses 1, 8, 9, 12 and 13.12.2 If the Agreement is terminated by the Company under Clause
11.2, the Company will not have any obligation to make any further Payments to the Affiliate.812.3 Subject to Clause 12.2:
(a) the Company will pay to the Affiliate all Payments arising from Payment Triggers activated on or before the date of effective termination of the Agreement in accordance with the terms of the Agreement; and
(b) termination of the Agreement will not affect either Partys accrued rights as at the date of termination.
12.4 Provided that we have paid or do pay to you such sums as are properly due and owing at the date of termination which shall be subject to any rights we have to make deductions whether under this Agreement or otherwise, we shall have no further liability to pay you any further sums.
Termination
11.1 Either Party may terminate the Agreement forthwith at any time by giving written notice to the other Party.
11.2 The Company may terminate the Agreement immediately (with or without giving written notice to the Affiliate) if the Affiliate:
(a) commits any breach of any term of the Agreement;
(b) becomes insolvent or enters into any insolvency process or procedure; or
(c) (where the Affiliate is an individual) the Affiliate dies, or as a result of illness or incapacity becomes incapable of managing his or her own affairs, or is the subject of a bankruptcy petition or order.
11.3 If an Affiliate does not generate any successful and verified registrations for the Company for greater than a six (6) month period, the Company may terminate this Agreement with or without notice to Affiliate and have full authority to move affiliated players under the Company.
11.4 . If the new clients brought in by affiliate are winning poker and/or sports betting players, also known as sharks, then Operator has the right to reduce Affiliate poker revenue share weight down to 50%. If the new clients bought in by the Affiliate are mostly sharks with a very few regular or losing players then Operator has the right to reduce Affiliate poker and/or sports betting revenue share weight down to 0%.
12. Effects of termination
12.1 Upon termination all the provisions of the Agreement will cease to have effect, save that the following provisions of the Agreement will survive and continue to have effect (in accordance with their terms or otherwise indefinitely): Clauses 1, 8, 9, 12 and 13.12.2 If the Agreement is terminated by the Company under Clause
11.2, the Company will not have any obligation to make any further Payments to the Affiliate.812.3 Subject to Clause 12.2:
(a) the Company will pay to the Affiliate all Payments arising from Payment Triggers activated on or before the date of effective termination of the Agreement in accordance with the terms of the Agreement; and
(b) termination of the Agreement will not affect either Partys accrued rights as at the date of termination.
12.4 Provided that we have paid or do pay to you such sums as are properly due and owing at the date of termination which shall be subject to any rights we have to make deductions whether under this Agreement or otherwise, we shall have no further liability to pay you any further sums.
