Common use of Rating Agency Fees Clause in Contracts

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial Security. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, the Transferor. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x is no longer rating the Securities, in which case the cost for such agency shall be paid by the Transferor.

Rating Agency Fees. The initial fees of S&P and Moody's ’s with respect to the Securities Obligations and the transactions contemplated hereby shall be paid by the Transferor Servicer in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial Securitythe Insurer. All periodic and subsequent fees of S&P or Moody's ’s with respect to, and directly allocable to, the Securities Obligations shall be for the account of, and shall be billed to, the TransferorServicer and the Originator. The fees for any other rating agency shall be paid by the party requesting such other agency's ’s rating, unless such other agency is a substitute for S&P or Moody's ’s in the event that S&P or Xxxxx'x Mxxxx’x is no longer rating the SecuritiesObligations, in which case the cost for such agency shall be paid by the TransferorServicer and the Originator.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor Servicer in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial Security. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, the TransferorServicer. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x is no longer rating the Securities, in which case the cost for such agency shall be paid by the TransferorServicer.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor Originator in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial SecurityFSA. All periodic and subsequent fees of S&P or and Moody's with respect to, and directly allocable to, the Securities Certificates shall be for the account of, and shall be billed to, the TransferorOriginator. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or and Moody's in the event that S&P or and Xxxxx'x is no longer rating the SecuritiesCertificates, in which case the cost for such agency shall be paid by the TransferorOriginator.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial Security. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, the Transferor. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x Moody's is no longer rating the Securities, in which case the cost thx xxxx for such agency shall be paid by the Transferor.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial Security. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, the TransferorNAFI. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x is Moodx'x xx no longer rating the Securities, in which case the cost for such agency shall be paid by the Transferor.

Rating Agency Fees. The initial fees of S&P and Moody's ’s with respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial SecurityCompany. All periodic and subsequent fees of S&P or and Moody's ’s with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, the TransferorCompany. The fees for any other rating agency shall be paid by the party requesting such other agency's ’s rating, unless such other agency is a substitute for S&P or Moody's ’s in the event that S&P or Xxxxx'x Xxxxx’x is no longer rating the Securities, in which case the cost for such agency shall be paid by the TransferorCompany.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities Notes and the Additional Notes and the transactions contemplated hereby shall be paid by the Transferor Issuer in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial Securitydemand. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, the Securities Notes and Additional Notes shall be for the account of, and shall be billed to, the TransferorIssuer. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x Moody's is no longer rating the SecuritiesNotes or the Additional Notes, in which case whicx xxxx the cost for such agency shall be paid by the TransferorIssuer.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities Obligations and the transactions contemplated hereby shall be paid by the Transferor Company in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial SecurityFSA. All periodic and subsequent fees of S&P or and Moody's with respect to, and directly allocable to, the Securities Obligations shall be for the account of, and shall be billed to, the TransferorCompany. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x is no longer rating the SecuritiesObligations, in which case the cost for such agency shall be paid by the TransferorCompany.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities Preferred Stock and the transactions contemplated hereby shall be paid by the Transferor Fund in full on the Date date of Issuance, or otherwise provided for to issuance of the satisfaction of Financial SecuritySurety Bond. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, to the Securities Preferred Stock shall be for the account ofof the Fund or, and shall be billed toif paid by Financial Security, reimbursed by the TransferorFund to Financial Security upon demand. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x is no longer rating the Securitiessecurities, in which case the cost for such agency shall be paid by the TransferorFund.

Rating Agency Fees. The initial fees of S&P and Moody's with ------------------ respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor Company in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial SecurityFSA. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, the TransferorCompany. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x is no longer rating the Securities, in which case the cost for such agency shall be paid by the TransferorCompany.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities Preferred Stock and the transactions contemplated hereby shall be paid by the Transferor Fund in full on the Date date of Issuance, or otherwise provided for to issuance of the satisfaction of Financial SecuritySurety Bond. All periodic and subsequent fees of S&P or Moody's with respect to, and directly allocable to, to the Securities Preferred Stock shall be for the account ofof the Fund or, and shall be billed toif paid by Financial Security, reimbursed by the TransferorFund to Financial Security upon demand. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x Moody's is no longer rating the Securitiessecurities, in which case the cost for xxxx xxr such agency shall be paid by the TransferorFund.

Rating Agency Fees. The initial fees of S&P and Moody's with respect to the Securities and the transactions contemplated hereby shall be paid by the Transferor Company in full on the Date of Issuance, or otherwise provided for to the satisfaction of Financial SecurityFSA. All periodic and subsequent fees of S&P or and Moody's with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, the TransferorCompany. The fees for any other rating agency shall be paid by the party requesting such other agency's rating, unless such other agency is a substitute for S&P or Moody's in the event that S&P or Xxxxx'x is no longer rating the Securities, in which case the cost for such agency shall be paid by the TransferorCompany.