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 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 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.