Sub-Originator Entitlement to a Trailer Commission Sample Clauses

Sub-Originator Entitlement to a Trailer Commission. Subject to clauses 10 and 11, the Sub-Originator will also be entitled to the “trailer commission” (if any) approved by the Originator from time to time and paid on each Participating Loan made in accordance with an Approved Application. If the Originator’s income in respect of a Loan is terminated or reduced, the Originator can likewise terminate or reduce the Sub-Originator’s “trailer commission” in respect of that Loan.
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