Common use of Rating Agency Fees Clause in Contracts

Rating Agency Fees. The initial fees of S&P, Xxxxx’x and Fitch with respect to the Securities and the transactions contemplated hereby shall be paid by AmeriCredit 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, Xxxxx’x or Fitch with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, AmeriCredit. 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, Xxxxx’x or Fitch in the event that S&P, Xxxxx’x or Fitch is no longer rating the Securities, in which case the cost for such substitute agency shall be paid by AmeriCredit.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F), Insurance and Indemnity Agreement (Americredit Automobile Receivables Trust 2005-C-F), Insurance and Indemnity Agreement (AFS SenSub Corp.)

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Rating Agency Fees. The initial fees of S&P, Xxxxx’x Mxxxx’x and Fitch with respect to the Securities and the transactions contemplated hereby shall be paid by AmeriCredit 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, Xxxxx’x Mxxxx’x or Fitch with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, AmeriCredit. 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, Xxxxx’x Mxxxx’x or Fitch in the event that S&P, Xxxxx’x Mxxxx’x or Fitch is no longer rating the Securities, in which case the cost for such substitute agency shall be paid by AmeriCredit.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F)

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Rating Agency Fees. The initial fees of S&P, Xxxxx’x Xxxxx'x and Fitch with respect to the Securities and the transactions contemplated hereby shall be paid by AmeriCredit 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, Xxxxx’x Xxxxx'x or Fitch with respect to, and directly allocable to, the Securities shall be for the account of, and shall be billed to, AmeriCredit. 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, Xxxxx’x Xxxxx'x or Fitch in the event that S&P, Xxxxx’x Xxxxx'x or Fitch is no longer rating the Securities, in which case the cost for such substitute agency shall be paid by AmeriCredit.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (AFS Funding Trust)

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