Paying out Trail Commission Sample Clauses

Paying out Trail Commission. In respect of any Trail Commission payable at any time by the Originator to the Sub- Originator, the Originator may if requested by the Sub-Originator or if agreed to between the parties from time to time, discharge its liability to make any further payments to the Sub-Originator in respect of that Trail Commission by paying to the Sub-Originator the NPV of the Trail Commission. In the event that the Sub-Originator agrees to offer the Originator first right of refusal to purchase the trail income on the same terms and conditions as agreed to by the third party. The sub-Originator must provide a copy of the ‘sale notice’ offered by or issued to the third party and the Originator must accept or decline the offer in the ‘sale notice’ within 30 days of receipt of the ‘sale notice’ from the Sub-Originator.
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Related to Paying out Trail Commission

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