Rating Agency Fees. IOS Capital shall promptly pay the initial fees of S&P and Xxxxx'x with respect to the Notes and the transactions contemplated hereby following receipt of a statement with respect thereto. IOS Capital shall pay any subsequent fees of S&P or Xxxxx'x with respect to, and directly allocable to, the Notes to the extent that such fees and expenses result from actions of S&P or Xxxxx'x that are requested by IOS Capital, including the issuance of any additional indebtedness by the Issuer. The Insurer shall not be responsible for any fees or expenses of S&P or Xxxxx'x. The fees for any other rating agency shall be paid by the party requesting such other agency's rating.
Appears in 5 contracts
Samples: Insurance and Indemnity Agreement (Ikon Receivables Funding LLC), Insurance and Indemnity Agreement (Ikon Receivables Funding LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC)
Rating Agency Fees. IOS Capital shall promptly pay the initial fees of S&P and Xxxxx'x with respect to the Notes and the transactions contemplated hereby following receipt of a statement with respect thereto. IOS Capital shall pay any subsequent fees of S&P or Xxxxx'x with respect to, and directly allocable to, the Notes to the extent that such fees and expenses result from actions of S&P or Xxxxx'x that are requested by IOS Capital, including the issuance of any additional indebtedness by the Issuer. The Insurer shall not be responsible for any fees or expenses of S&P or Xxxxx'x. The fees for any other rating agency shall be paid by the party requesting such other agency's rating.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Ikon Receivables LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC)
