HomeMy WebLinkAboutContract 52420 CITY SECRETARY'
CONTRACT NO._ 5a 4 0
MOODY'S Moody's Investors Service
INVESTORS SERVICE 7 WTC at 250 Greenwich Street
New York, NY 10007
Thank you for contacting Moody's. In connection with our rating services, we require agreement to the
following terms and conditions:
A. USAGE
When used in this Application:
1. Moody's. "Moody's", "we", "our" and "us" refer to the Moody's entity specified above and its group
companies and all directors,officers and employees of that entity and its group companies.
2. "Moody's Group"refers to Moody's and it agents.
3. Credit Rating. "Credit rating"or"rating" refers to an opinion regarding the creditworthiness of. (1) a debt,
financial obligation, debt security, preferred share or other financial instrument (each, an "Issue"); or(2) an
entity, assigned using an established and defined ranking system of rating categories. Moody's credit ratings
do not address any other risk, including: liquidity risk, market value risk, or price volatility. Any rating must be
construed solely as a statement of opinion and not a statement of fact. A credit rating is not an offer, invitation,
inducement or recommendation to purchase, sell or hold any securities or otherwise act in relation to the
Issue, the issuer("you") or the transaction (the"Transaction")to which this Application relates or otherwise
in connection with any associated transaction, entity, or matter. References in this Application to"rating" or
"credit rating" refer to all ratings you request from us and also encompass any related RAC (defined below)
and the terms of this Application will apply to all such ratings and to any such RAC.
4. Application. "Application" refers to these written terms and conditions, the Authorization Form and all
schedules (including all Fee Schedule(s)), appendices and exhibits attached, each as may be amended,
supplemented or modified from time to time.
B. APPLICANT WARRANTIES AND COVENANTS
1. Rating Information. You agree to provide (or cause to be provided to Moody's) all information relevant for
the purposes of assigning and, on an ongoing basis, for the purposes of monitoring, the rating(s) requested
under this Application. We rely on such information, including information obtained by Moody's from third
parties where such information has been provided to such third parties by or on behalf of you or the Issuer.
We will not be obliged to you to independently verify,audit or validate any such information. You warrant that
you have undertaken all reasonable due diligence in respect of such information and all such information is in
all respects true, accurate, complete and not misleading. You warrant that you have all legal rights and have
obtained all consents necessary to disclose such information to Moody's. Finally, you also warrant that such
information is not subject to any restrictions that would prevent Moody's use of such information in connection
with its rating processes. You agree that you are solely responsible and liable for the quality of such
information.
2. Use of Information. We may use any information provided in connection with Moody's general business
activities.We may also aggregate and/or transform any information provided so that it cannot be associated
with any issuer and publish,distribute or use such aggregated or transformed information as part of Moody's
general business activities.
3. Fees. You agree to pay or cause to be paid all relevant fees under the Fee Schedule(s) included in this
Application. Moody's reserves the right to revise this Application.
4. Economic and Trade Sanctions Warranty. You represent and warrant that:
(a) none of(i)you,(ii)any issuer hereunder("Issuer"),(iii)any person(s)that own(s)(50%or more individually
or collectively,of)or controls, directly or indirectly, you or any Issuer(a"Parent Company"), or(iv)any person
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees forthe period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
' from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods. For
/ questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
RECEIVED Page 11
JUN 17 2019 OFFICIAL RECORD
CITY OF FORT WORTH CITY SECRETARY
CITYSECRETARY FT. WORTH,TX
that is owned (50% or more) or controlled, directly or indirectly, by any Issuer, is subject to asset freeze
sanctions imposed by the European Union ("EU"), the United Kingdom ("UK"), or the United States ("U.S.")
(e.g.,included on the U.S.List of Specially Designated Nationals and Blocked Persons or the UK Consolidated
List of EU and UK Asset Freeze Targets)("Asset Freeze Sanctions");
(b) none of you, any Issuer or any Parent Company is(i) organized, headquartered or, if a natural person,
ordinarily resident, in a country or territory that is subject to comprehensive economic or trade sanctions
imposed by the United States, which currently include Cuba, Crimea, North Korea, Iran, and Syria (each a
"Sanctioned Country" and collectively "Sanctioned Countries") or (ii) a governmental instrumentality of a
Sanctioned Country;
(c) no Issuer or subsidiary thereof derives a material portion of its profits or revenues from business involving
Sanctioned Countries;
(d) if any debt issuance is to be rated under this Application,
(i)no such debt will be issued by,on behalf of,or for the intended benefit of any person that is subject
to debt or equity-related sanctions imposed by the U.S, UK or EU, including but not limited to the
U.S. Sectoral Sanctions Identifications List, Directives 1, 2 and/or 3, U.S. sanctions imposed on
Venezuela, and any EU or UK Investment Ban Target ("Debt/Equity Sanctions") or Asset Freeze
Sanctions(collectively hereinafter"Sanctions"),whether subject thereto by publication on a sanctions
list or ownership by listed person(s); or
(ii) upon due and reasonable diligence, you have no reason to believe that the proceeds from such
issuance have been or are intended to be used (A)for any unlawful purpose or(B)to fund, directly
or indirectly, or facilitate the activities of any person that is subject to Sanctions or any transaction
involving a Sanctioned Country;and
(e) if any secured issuance is to be rated under this Application, upon due and reasonable diligence, you
have no reason to believe that any person that is subject to Sanctions was the originator of or currently has
any interest in any asset that forms all or part of the collateral underlying any such issuance, and no such
asset originated from or relates to commerce involving or benefiting any Sanctioned Country or persons
meeting the criteria in (b)(i)or(b)(ii).
You agree to promptly notify Moody's if you learn that any of the aforementioned representations is no longer
accurate. If we determine that we are prohibited under any applicable law or regulation from providing services
under this Application, we may cease work and will not be obliged to produce any work product or other
information developed by Moody's and/or its agents (collectively, the "Moody's Group") in connection with
such services.
5. Shareholding Warranty. You represent and warrant that the"Significant Shareholder(s)"listed below is/are
not,directly or indirectly: (a)a holder of 10%or more of either the capital or the voting rights;or(b)a member
of the administrative or supervisory board, in either of(i)you; (ii)any Issuer; or(iii) any entity that directly or
indirectly controls you or any Issuer. If you are not in a position to make this representation and warranty,
please contact your Relationship Manager.
For the purposes of this provision, "Significant Shareholder(s)"means Berkshire Hathaway, Inc.
6. Use of Rating for Intended Purpose Only. You will only use the requested rating for its intended purpose
and will not, for example,represent an issuer rating as a securities rating.
C. MOODY'S RESERVATION OF RIGHTS AND DISCLAIMERS
1 Rating Actions. Moody's rating(s) or any corresponding outlook, if assigned, are subject to revision,
suspension or withdrawal,or may be placed on review,by us at any time,without notice,in our sole discretion.
Notwithstanding anything to the contrary contained in this Application, Moody's reserves the right to publish
any rating with respect to you or any of your securities at any time without consent from you, or any other
party, whether or not this Application is in effect. We are an independent rating agency and may determine,
apply and amend our methodologies in our sole discretion from time to time. Moody's will not be obliged to
opine whether certain specified events or amendments to the Transaction's structure or documentation will
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 12
result in a change in, or withdrawal of, any related rating(s) (such opinion, in whatever form, along with any
information or feedback relating to it, a "RAC"). Moody's may, in its sole discretion, determine not to issue a
rating or take any other rating action under this Application for any reason, including if the information
requested in the Authorization Form with respect to the payor is not provided in a timely manner. You will
ensure that Moody's is provided with prompt written notice of any change in the payor information set forth in
the Authorization Form or otherwise provided by you to Moody's,including,without limitation,any such change
made on or after the closing of the Issue. This notice will be sent to PayorUpdate@moodys.com (or any other
e-mail address as Moody's instructs you hereafter).
2. Disclaimer of Advice. We are not: (a)providing any financial, legal, tax, advisory, consultative or business
services;or(b)advising on structuring,drafting or negotiating transaction documentation. You and the Issuer
should each take independent legal, tax, financial and other advice when structuring, negotiating and
documenting transactions. You agree that neither a rating nor any discussions with Moody's analysts
constitutes advice on business operations.
3. Disclaimer of Warranties. ALL INFORMATION, INCLUDING RATINGS AND OTHER COMMUNICATIONS,
PROVIDED BY MOODY'S RELATING TO YOU,THIS APPLICATION,THE ISSUE OR THE TRANSACTION
IS PROVIDED "AS IS" AND WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND. IN
PARTICULAR, NEITHER MOODY'S NOR ITS AGENTS MAKE ANY REPRESENTATION OR WARRANTY,
EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY
OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY SUCH INFORMATION OR COMMUNICATION.
4. Limitation of Liability. Notwithstanding anything to the contrary contained in this Application, to the extent
permitted by applicable law:
(a) no one in the Moody's Group will be liable in contract, tort(including negligence), statutory duty or
otherwise to anyone(including you and the Issuer)for any loss, liability,claim,injury or cost,whether
direct or indirect and however caused (including by any contingency within or beyond the control of
anyone in the Moody's Group), arising from or in connection with this Application,the Transaction or
Moody's services including:
(i) the procuring,compilation,analysis, interpretation,communication,dissemination,
or delivery of any information or rating;
(ii) the withdrawal of any rating and any associated disclosure;
(iii) the inability to issue or monitor a rating due to legislative,judicial or administrative
decisions-
(iv) any change in Moody's methodologies;
(v) any unauthorized publication,unauthorized use or any misuse of the rating by you,-
or
(vi) reliance by you on the rating or other communication provided by Moody's-, and
(b) in any event, the aggregate liability of the Moody's Group for any reason whatsoever related to this
Application, the Transaction or our services will not be more than the greater of: (i)the total amount
paid by either you and/or the Issuer for the relevant rating(s)during the 12 months prior to the breach;
or(ii)US$50,000(or the equivalent amount in this Application's billing currency);
provided that nothing in this Application attempts to limit or exclude Moody's liability for fraud, willful
misconduct or any other type of liability that under applicable law cannot be limited or excluded.
D. MOODY'S POLICIES
1. Offering Documents. Regardless of any past communications or dealings between you and Moody's,we do
not consent to or authorize any disclosure of, reference to (including by hyperlink), or other use in any
registration statement, offering circular or prospectus (each, an "Offering Document") of any Moody's
rating(s), report(s), other disclosures or any information relating to Moody's preparation of such rating(s),
report(s) or disclosures. The preceding sentence does not prohibit the disclosure of, reference to, or other
use of, any Moody's rating(s) in an Offering Document except in circumstances where such disclosure,
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 13
reference or use would require a consent or authorization from Moody's to be given and/or filed under any
applicable laws, regulations,directives or rules(including, if applicable,the U.S.securities laws or the rules of
any securities market or securities exchange). Moody's has not consented to and will not consent to being
named as an "expert" or any similar designation under any applicable securities laws, including, without
limitation, Section 7 of the Securities Act of 1933.
2. Web Posting. If we publish research or press releases regarding you or your Issue(s),either you or the Issuer
may link to or post such research or press releases as described in Appendix A.
3. Moody's Privacy Policy. For information on how we process and protect personal data, please see our
Privacy Policy available at moodys.com.
E. CONFIDENTIALITY PROVISIONS
1. Applicant Confidentiality. You agree to keep the provisions of this Application confidential and not to
disclose such provisions to any person or entity except: (i) to your group companies, officers, directors,
employees and agents; and(ii)as required by applicable law, or at the request of any governmental authority
having jurisdiction. You will be responsible for any failure by any of your group companies, officers,directors,
employees,or agents to comply with these confidentiality restrictions.
2. Unpublished Ratings. See Appendix B for additional legal terms applicable to any unpublished rating, RAC
or other opinion delivered by Moody's hereunder, i.e., any rating or other opinion not disclosed by Moody's to
the general public at the time of delivery by Moody's.
F. MISCELLANEOUS
1. Entire Agreement. This Application represents the whole and only agreement between the parties in relation
to its subject matter. When entering into this Application,you did not rely upon any pre-contractual statement
or previous agreement which is not repeated in this Application. To the extent permitted by law, no other
terms, conditions, representations and warranties that would otherwise be implied (by law or otherwise) are
part of this Application. Nothing in this Application attempts to limit or exclude liability for fraudulent
misrepresentation.
2. Assignment. We may assign this Application to any other Moody's group company without either your
consent.
3. Agents. We may use, and disclose any information provided to Moody's to, third party contractors or agents
bound by confidentiality obligations in connection with Moody's business and research activities.
4. Governing Law and Jurisdiction. This Application and any contractual or non-contractual obligations arising
from or connected to it are governed by and construed in accordance with the laws of the State of New York
in the United States of America and subject to the exclusive jurisdiction of the courts of the State of New York
located in the City and County of New York, Borough of Manhattan.To the extent permitted by law,you hereby
waive whatever defense you may have of sovereign immunity whether in respect of jurisdiction or enforcement
for yourself or for your property.
5. No Third Party Beneficiaries. This Application is solely for the benefit of you and Moody's. Everyone
comprising Moody's is entitled to the benefit of all protective provisions in this Application. Nothing in this
Application will give any other person any legal or equitable right, remedy or claim, except a successor or
permitted assignee pursuant to the "Assignment" provision above. This Application may be terminated or
amended in accordance with its provisions without the consent of any third party.
6. Counterparts/ExecutionlWebsite Terms. You agree that this Application,and any amendment or waiver of
any of the terms hereof, may be executed by electronic means (including, without limitation, by electronic
signature, which shall be deemed binding, valid and enforceable) and together shall constitute a single
instrument, and you further agree that facsimile, digitally scanned or other electronically transmitted or
electronic copies of signatures shall be valid and binding as originals; provided that no amendment or waiver
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 14
of this Application will be effective unless executed by an authorized representative of the Global Commercial
Group of Moody's. Notwithstanding the foregoing, no one in the Moody's Group will be bound by or subject
to any terms or conditions of use ("Website Terms") for access to any website containing information with
respect to you, the Issuer, any Issue or Transaction, even if any such person clicks-through or has clicked-
through to such Website Terms by electronic means at any time before,on or after the date of this Application.
7. Severability. The provisions of this Application are severable. If any such provision or part of any such
provision shall to any extent be determined to be void or unenforceable,then the validity and enforceability of
the remainder will not be affected. Furthermore, any void or unenforceable provision will be replaced with a
valid and enforceable provision that preserves, to the fullest extent possible, the same economic, business
and other purposes as such void or unenforceable provision.
8. Termination. If this Application relates to a request for an unpublished rating,then this Application will apply
to such unpublished rating only, and any additional requested ratings must be applied for under a separate
rating application. If this Application relates to a request for published rating(s),then this Application will renew
on each one-year anniversary of the date executed unless you deliver a written notice of cancellation at
least thirty(30) days prior to an annual anniversary of this Application. Any fees already paid will be non-
refundable, and any fees that were to become due before the next renewal date will remain payable despite
the termination. We may terminate this Application at any time in our sole discretion. Except as may be
expressly set out elsewhere in this Application, all Application terms and conditions survive any termination
hereof.
9. Instructions. Please fill out the Authorization Form below and any relevant product request boxes attached,
and return the Application to your contact in our Commercial Group. PLEASE ONLY REPLY TO YOUR
ACCOUNT MANAGER AT MOODY'S.
10. NYC Sales Tax. The New York State Department of Finance has notified Moody's that effective September
1, 2015, New York City sales tax must be charged on all invoices for credit rating services delivered in New
York City. The invoice address will determine whether the credit rating service has been delivered in New
York City. Please note that New York State sales tax will not apply to these services,only the local New York
City tax. Accordingly,on September 1,2015,Moody's will begin to include New York City sales tax on invoices
sent to addresses within the City of New York for credit rating services.
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Govemments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 15
AUTHORIZATION FORM
By completing the below,you,both in your own capacity and on behalf of the Issuer(if you are not the Issuer),
agree with the terms and conditions of this Application and apply for the rating service(s) requested below.
Please return this Authorization Form to your contact in Moody's Commercial Group.
Thank you again for selecting Moody's.
Transaction Information
Applicant Name:
Issuer I Entity I Fund Name:
Title of Issue I Entity:
❑ Bank Bond
❑ Bond Rating
❑ BAN (Bond Anticipation Note)
Type of Issue ❑ Commercial Paper
❑ Entity Only
❑ Short Term Note
❑Variable Rate Demand
Expected Size:
USD
Currency:
Proposed Closing Date I Feedback
Expected
Requesting a Rapid Turnaround?
Requesting Short-term Rating?
Requesting a National Scale ❑
Rating?
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019,01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 16
Contact Information
A.Billing Contact
Full Company Name:
Mailing Address:
City: State/Province:
Country: Postal Code:
Transactional Role (if
any):
Contact's Name:
Contact's Title:
Contact's Department:
Contact's Telephone
Number: Fax Number:
Contact's E-mail:
Are you registered for: [:]VAT ❑ABN ❑TAX ❑ HST
VAT/ABN/Tax/HST
number:
❑ Send only the initial invoice to this contact ❑ Send all invoices to this contact ❑ Send only
annual (subsequent, monitoring,etc. invoices to this contact
B.Payor Contact
❑ Payor is the same as Billing Contact
❑ Payor is not the Billing Contact, but is the Special Purpose Vehicle (SPV), Issuer, or Obligor that is
expected to be rated, or whose debt is expected to be rated
Payor Legal Entity Name
❑ Payor is other than the Billing Contact, or the SPV, Issuer, or Obligor noted above. Complete below
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 17
Full Company Name:
Mailing Address:
City: State/Province:
Country: Postal Code:
Transactional Role(if
any):
Contact's Name:
Contact's Title:
Contact's De artment:
Contact's Telephone
Number: Fax Number:
Contact's E-mail:
Are you registered for: ❑VAT ❑ABN ❑TAX ❑ HST
VAT/ABN/Tax/HST
number:
❑Send no invoices to this contact ❑Send only the initial invoice to this contact ❑ Send all invoices
to this contact ❑ Send only annual(subsequent, monitoring, etc.)invoices to this contact
C.RELATIONSHIP OF PAYOR TO ISSUER/ISSUE TO BE RATED
Rule 17-g7(a)(1)(ii)(J)(1)under the Securities Exchange Act of 1934 requires Moody's to disclose the
following information regarding the person or entity paying Moody's to determine the credit rating
(the Payor):
Select the statement below that best describes the relationship of the Payor to the issuer/issue to be rated:
EITHER:
❑ the Payor is the obligor being rated or the issuer, underwriter,depositor, or sponsor of the security or
money market instrument being rated;
OR
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page18
❑ the Payor is not the obligor being rated or the issuer, underwriter, depositor,or sponsor of the security
or money market instrument being rated.
D.Signatory Contact
Other Contacts(If applicable)
Additional Information(If applicable)
Signature Information
On Behalf of Applicant:
Authorized By:
Name: 7 L4111
Title:
Date: Ile 111 Z,N
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019, Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 19
OFFICIAL RECORD
CITY SECRETARY
FT. WORTHo TX
PRODUCT SELECTION
Reminder: Do not return any part of this Application to any member of the analytic team involved in the rating
process (including managers). Please instead return this Application to your contact within the Moody's
Relationship Management Team.
Payment of fees is due on receipt of an invoice.
PLEASE COMPLETE THIS SECTION (INDICATE ALL PRODUCTS REQUESTED):
❑ 1)INDICATIVE RATING
❑2)PRIVATE MONITORED RATING
❑3)PUBLIC CREDIT RATING'**
PRODUCT DEFINITIONS
1) INDICATIVE RATING: Our unmonitored, point-in-time opinion of the potential credit rating(s) of an issuer or a
proposed debt issuance by an issuer contemplating such a debt issuance at some future date.
2)PRIVATE MONITORED RATING: Our current opinion regarding the relative future creditworthiness of an entity and
made available to that entity subject to confidentiality obligations.
3)PUBLIC CREDIT RATING:Our current opinion regarding the relative future creditworthiness of a credit commitment,
a debt or debt-like security, or an issuer of such obligations,as made publicly available by us.
A)Issuer Rating:Our opinion of the ability of entities to honor senior unsecured debt and debt like obligations.
B) Bond Rating: Our opinion of the relative future creditworthiness of a long-term bond.
C) Short-Term Notes: Our credit opinion on short-term obligations of three years or less (other than bond
anticipation notes)typically issued by state or local governments to be repaid by future receipts.
D) BAN (Bond Anticipation Notes): Our credit opinion on US municipal bond short term notes based on an
issuer's fundamental credit strength and capacity to repay outstanding notes, primarily by issuing new debt to
redeem the notes upon maturity.
E) Bank Bond: Our credit opinion on bonds related to a series of bonds on which we already have a published
rating that are owned by a liquidity bank pending remarketing.
F) Commercial PaDer/Short Term Rating: Our opinion of the relative future creditworthiness of a short-term
bond, including those commonly known as'commercial paper.'
G)Variable Rate Demand Bond Rating: Rating on variable rate demand bonds (VRDBs) in which conditional
liquidity support from a third party backs up the demand or put feature of the bonds.
"'❑ In case the applicant selects a PUBLIC CREDIT RATING but none of the related issuances are executed,then the PUBLIC
CREDIT RATING is consequentially withdrawn and is transitioned to a PRIVATE MONITORED RATING,subject to the applicable
fees
Please refer to Moody's"Ratings Symbols and Definitions",which is available at www.moodys.com for the meaning of Moody's
ratings and other products and services.
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Govemments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 1110
FEE TABLES
1. INDICATIVE RATING
Indicative Rating Fee 75%of Standard Fees
2. PRIVATE MONITORED
Initial/Annual Fee SEE"ISSUER RATING"
Indicative Railing Service SEE"PUBLIC CREDIT RATING-BOND RATING3A. PUBLIC CREDIT RATING-ISSUER RATING
Debt Outstandirm Initial Fee Annual Fee
<US$50M US$6,000 US$3,000
Initial/Annual Fee ?US$50M&< US$ 100M US$ 12,000 US$6,000
>_US$ 100M&< US$500M US$ 18,000 US$9,000
>_US$500M&< US$ 1B US$30,000 US$ 15,000
>_US$ 1 B US$40,000 US$20,000
3B. PUBLIC CREDIT RATING- • . RATING
Revenue. Lease, Special
Issue Size General Obligation Bonds Tax&State Revolving
Fund Bonds
< US$ 1M US$ 10,000 US$ 13,000
>_ US$ 1M&< US$5M US$ 12,500 US$ 13,000
>_US$5M&< US$ 10M US$ 16,000 US$ 17,500
>_US$ 10M&<US$25M US$22,000 US$25,000
>_US$25M&<US$50M US$29,000 US$34,000
Initial Fees >_US$50M&<US$65M US$35,500 US$37,500
>_US$65M&<US$75M US$41,000 US$45,000
>_ US$75M&<US$ 100M US$55,000 US$56,000
>US$ 100M&<US$ 150M US$68,000 US$78,000
>_US$ 150M&<US$200M US$95,000 US$99,000
>_US$200M&< US$300M US$ 115,000 US$ 125,000
>_US$300M&< US$500M US$ 125,000 US$ 150,000
>_US$500M&< US$ 1 B US$ 135,000 US$ 170,000
>_US$ 1 B Case-By-Case Case-By-Case
A re ated Par Amounts Fee
< US$25M US$ 1,000
Aggregation Fee >_US$25M&< US$ 100M US$4,000
US$ 100M&< US$500M US$8,000
>_US$500M US$ 12,000
Long Term Rated Debt Annual Fee
< US$25M US$500
>_ US$25M&< US$50M US$ 1,000
Annual Fee-Water Enterprise, Sewer Enterprise, >_US$50M&< US$ 100M US$ 1,500
Combined Water&Sewer Enterprise and All Other ?US$ 100M&< US$250M US$2,000
Revenue Bonds ?US$250M&< US$500M US$3,500
>_US$500M&< US$ 1 B US$5,000
>_ US$ 1 B&< US$3B US$7,500
>_ US$3B US$ 10,000
SHORT-TERM3C. PUBLIC CREDIT RATING- NOTES
Issue Size Short Term Notes
< US$ 1M US$4,500
>_US$ 1M&< US$5M US$7,500
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees forthe period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 111
>_US$5M&< US$ 10M US$8,500
>_US$ 10M&< US$25M US$ 11,500
>_US$25M&< US$50M US$ 16,500
>_US$50M&< US$65M US$ 17,500
>_US$65M&< US$75M US$ 18,500
>_ US$75M&< US$ 100M US$21,000
>_ US$ 100M&< US$ 150M US$26,000
>_ US$ 150M&< US$200M US$31,500
>_US$200M& < US$300M US$42,000
>_US$300M&< US$500M US$53,000
>_US$500M&< US$ 113 US$63,000
>_US$ 113 Case-B -Case
Aggregated Par Amounts Fee
< US$25M US$ 1,000
Aggregation Fee >US$25M& <US$ 100M US$4,000
US$100M&< US$500M US$8,000
>_ US$500M US$ 12,000
3D. PUBLIC CREDIT RATING-BOND ANTICIPATION •
Issue Size Standard Fee
< US$ 10M US$4,700
Bond Anticipation Notes ?US$ 10M&< US$25M US$5,200
>_US$25M&< US$50M US$6,500
>_ US$50M&< US$ 100M US$ 10,000
>_ US$ 100M US$ 13,000
Aggregated Par Amounts Fee
<US$25M US$ 1,000
Aggregation Fee >_US$25M&< US$ 100M US$4,000
>_US$100M&< US$500M US$8,000
>_US$500M US$ 12,000
BOND
Bank Bonds Fee US$7,500
3F. PUBLIC • • SHORT TERM RATING
Program Size Initial/Annual Fee Annual Fee
Initial/Annual Fee for each additional Droaram
<US$ 100M US$ 17,000 US$ 12,000
>US$ loom US$20,000 US$ 14,000
3G. PUBLIC CREDIT RATING-VARIABLE RATE DEMAND BOND RATING
Variable Rate Initial Fee(Added to Public Rating US$ 8,500
Fee
Principal Amount Fee
< US$50M US$9,000
Variable Rate Annual Fee ?US$5OM&< US$ 1O0M US$9,500
>_ US$ 100M& < US$500M US$ 10,000
>_US$5O0M US$ 10,500
Principal Amount Fee
Variable Rate Self Liquidity Annual Fee < US$ 100M US$23,000
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 1 12
>_US$ 100M&< US$500M US$35,000
>_US$500M& <US$ 1 B US$40,000
>_US$ 1 B US$50,000
OTHER
Extension of Credit or
Liquidity US$2,000
Enhancement
Rating Agency
Amendments to Comment or US$3,750 minimum
Existing Transactions Affirmation of Rating
and/or RAC Substitution of Credit First Deal US$8,000
or Liquidity
Enhancement Additional Deal US$4,000 Each
Restructuring of 100%of the full fee
Security
Rapid Turnaround Fee US$3,000 Minimum
Complex Financings US$3,000 Minimum
Termination of Rating Process 75%(see fee rules section for more detail)
Postponed/Canceled Sales 75%
Additional Fee for 3rd Party Service Providers/
Out-of-Pocket Expenses Case-By-Case
Credit Estimates Initial/Annual Fee US$4,000 Each
FEE RULES
1. INDICATIVE RATING SERVICE
The fee for an issue that has been assigned a preliminary rating indicator will be 75% of the standard fee. If an
application for a public underlying and/or insured rating is received within six months of the assignment of the indicative
rating,the indicative rating fee will be credited against the charges outlined on the current fee schedule. Circumstances
under which Indicative Ratings may be published by Moody's include, without limitation (i) as required by law,
regulation, judicial or governmental order, subpoena or other legal process or requested or required by any
governmental or regulatory authority, (ii) in the event that the Indicative Rating is disclosed(other than by Moody's or
any affiliate of Moody's)to any third party other than as expressly permitted pursuant to the confidentiality provisions
set forth in Appendix B to this Rating Application, or(iii)in the event that a rating agency other than Moody's publishes
a rating with respect to the issue to which this Rating Application relates. Any excess of the indicative rating fee over
the actual charges for the subsequently assigned definitive rating is non-refundable.
2. PRIVATE MONITORED RATING
Private Monitored Ratings (PMRs) are available to issuers who do not currently have a public rating with Moody's.
PMRs are assigned by Moody's at the entity(institutional)level only. For issuers requiring ratings insight into proposed
debt instruments,which are not related to a credit transforming event,then indicative ratings are available(see above).
Indicative ratings are available to issuers simultaneously with the PMR service or on a standalone basis.An issuer with
an active PMR may request Moody's to assign an indicative rating to the issuer's forthcoming debt instrument. A non-
refundable Indicative Rating Fee will be charged.
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 113
Private credit ratings are defined in European law as credit ratings "produced pursuant to an individual order and
provided exclusively to the person who placed the order"that"are not intended for public disclosure or distribution by
subscription"and are subject to a duty of confidentiality and limitations on distribution(as set out below). Private credit
ratings may not be used for regulatory purposes in certain jurisdictions, including in the European Union.
An issuer may request for an active PMR rating to be published at no additional cost.
The initial and annual fees for a PMR will be equivalent to the initial and annual fees for issuer ratings as set forth and
will be payable as set forth above. Please contact the Account Management Team for details.
3A. PUBLIC CREDIT RATING—ISSUER RATING
An initial and an annual fee will be charged based upon the debt outstanding.
3B.PUBLIC CREDIT RATING—BOND RATING
A standard initial fee will be charged based upon the issue size.
Aggregation Fee
Applicable when an obligor is issuing multiple series selling on the same date with the same security type.
Annual Fee-Water Enterprise,Sewer Enterprise,Combined Water&Sewer Enterprise and All Other Revenue
Bonds
A non-refundable annual fee will be charged to all Water Enterprise, Sewer Enterprise, Combined Water&Sewer
Enterprise obligors and all other obligors that issue revenue bonds.
The annual fee will be charged 12 months after the initial rating and on each subsequent anniversary covering the prior
12 month period. The amount of the annual fee will be based on the amount of active Moody's long term rated debt
for the organization at each anniversary. The annual fee will be waived for obligors issuing long-term debt in the prior
12 month annual fee period. Only one annual fee will be charged per obligor regardless of issuance.
3C. PUBLIC CREDIT RATING—SHORT-TERM NOTES(Excludes BANs)
A standard fee will be charged based upon the issue size.
3D. PUBLIC CREDIT RATING—BOND ANTICIPATION NOTES
A standard fee will be charged based upon the issue size.
3E. PUBLIC CREDIT RATING—BANK BONDS
A fee will be charged for Bank Bond Ratings assigned in conjunction with the rating of the initial bonds.
3F. PUBLIC CREDIT RATING-COMMERCIAL PAPER/SHORT TERM RATING
An initial and an annual fee will be charged based upon the program size. Annual fees will be discounted for multiple
programs.
3G. PUBLIC CREDIT RATING—VARIABLE RATE DEMAND BOND RATING
Variable Rate Issues
Initially:An additional fee will be added to the long term fees.
Annual Fees-based on principal amount:
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods. For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 114
Annual Fees are non-refundable.
OTHER FEES&SERVICES
Rapid Turnaround
A minimum fee may be assessed for requests that require rapid turnaround.
Amendments to Existing Variable Rate Transactions and/or RAC
A fee will charge for substitution of Credit or Liquidity Enhancement with or with no provision changes.A reduced fee
will be charged to subsequent ratings related to multiple deals with identical documents.
A fee will be charged to substitution of credit or liquidity enhancement with no provision changes. Where there are
multiple deals with identical documents, the first deal will be charged a fee and each additional deal will be charged a
fee.
A fee will be charged to substitution of credit or liquidity enhancement with provision changes (amending auto
terminations,amending indentures,changing any other document other than the LOC/SBPA). Where there are multiple
deals with identical documents,the first deal will be charged a fee and each additional deal will be charged a fee.
100%of new issuance fee applies to restructuring of security and complex substitutions, i.e., when the replacement
credit or liquidity enhancement is a different type of enhancement vehicle.
Complex Financings
Moody's may charge an additional fee for certain types of complex financings. Please contact the Moody's Relationship
Management Team to discuss whether such complex deal fees apply to a planned financing.
Termination of Rating Process
Applicable when substantial analytical research is provided, but the rating process is terminated. The fee is 75% of
what the fee would have been if the rating process had not been terminated. This fee is payable at the time of the
termination of the rating process. However, if the issue is reactivated and a rating is assigned within six months of the
termination of the rating process,this fee will be credited against the applicable rating fee. Any excess over the actual
charges for the definitive rating is non-refundable.
Postponed/Canceled Sales
The fee for an issue that has been assigned a rating and is subsequently canceled or postponed will be 75%of that
which would have been applicable had the issue sold. The fee is payable at the time of cancellation or postponement.
If the issue sells within six months,the balance of the original fee will be invoiced. Any excess over the actual charges
for the definitive rating is non-refundable.
Additional Fee for 3rd Party Service Providers/Out-of-pocket expenses
Moody's may:(i)request reimbursement of reasonable travel and related expenses;and(ii)in some instances, charge
an additional fee for services/opinions provided by a third party in connection with the ratings process.In either of these
circumstances, Moody's will seek confirmation from the applicant in advance. Any such fees will be payable upon
receipt of an invoice from Moody's.
Credit Estimates
There will be a non-refundable InitiaVAnnual Fee for each credit estimate assigned on Pooled Transactions.
Pooled financings, letters of credit and structured issues are not included in any of the above rates.
GENERAL INFORMATION
Moody's Code of Professional Conduct states that Moody's employees who approve or participate in determining or
monitoring credit ratings, or who are involved in the development or approval of models or methodologies used in
providing rating services,will not participate in discussions regarding fees or payments with any rated entity.
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Govemments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page115
Please do not return this rating application or Fee Schedule to any member of the analytic team involved in the rating
process(including managers), or include the analytic team (including managers)in any fee-related correspondence.
Moody's maintains a separate, dedicated group not involved in the rating process for handling applications, fee
schedules, fees and payment discussions. If you have any questions regarding this Application or Fee Schedule,
please contact the Moody's Relationship Management Team.
Moody's requires a signed Rating Application prior to beginning the rating process.
Taxes
All fees and all relevant caps are exclusive of VAT, GST, HST, Business Tax, Excise Tax, Consumption or other similar
sales or use taxes, levies and charges of any kind whatsoever. In the event that Moody's is required by law to invoice
for any such tax, levy or charge(an"Invoiced Tax")with respect to Moody's services hereunder,the applicant shall pay
Moody's the amount of such Invoiced Tax upon invoice in addition to the invoiced fees. In the event that the fees are
consideration for a supply which is subject to any such form of taxation or equivalent, the relevant fees shall be
increased to compensate Moody's for any such taxation it is liable to pay or otherwise account for to any tax authority
to the extent permissible under relevant law, but the amount of any such increase for taxes will not count towards any
of the relevant caps.Where the applicant is responsible for accounting for and paying any VAT, GST, HST, Business
Tax, Excise Tax, Consumption or other similar sales or use taxes, levies and charges of any kind locally, the fees
payable to Moody's will not be affected, being exclusive of such taxes, and the applicant shall pay any such taxes
directly to the relevant authority.
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods. For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 1 16
APPENDIX A
Website Posting Rights
Subject to the restrictions in this Appendix, Moody's grants you a royalty-free, non-sublicensable(except as described
below), revocable license to post our Research on your website(this"License"). No special permission is required to
link to Moody's materials on www.moodys.com.
As used in this Appendix, the term"Research"means written research and press release(s)that we publish as a direct
result of this Application regarding the issuer(s)or other entity ("Rated Entity"), issuance(s)or transaction(s)to which
this Application relates;provided, however,that,for purposes of this License,the term"Research"does not include any
pre-sale reports(e.g., our reports prior to initial sale of the relevant security or other applicable transactional closing),
non-public, or unmonitored ratings.
Any such post of our Research may appear only on the website of the Rated Entity. You may only post the most recent
Research, in the exact form and format we provide, without any alterations or editing whatsoever (including all
disclaimers, logos, and proprietary rights notices included in the Research). You must delete any outdated Research
and replace it with the updated Research promptly after Moody's publication of updated Research. You must use
Moody's corporate name in plain text font to indicate posting of our Research, and you may not display Moody's logo.
All of our Research,as well as the trademarks and logos contained in it,remain our intellectual property. Research may
only be displayed on the investor relations section of the Rated Entity's website(or an analogous area where general
corporate information is displayed)and may not be posted on any other section of the Rated Entity's website.
You may not use our Research for the purpose of marketing, promotion or advertising. Research may not be posted,
linked to, displayed, or otherwise used in connection with a prospectus, "road show' deck, or any other document
related to the offering of securities.
You agree and acknowledge that you are solely responsible for compliance with all laws, rules, and regulations
including but not limited to applicable securities laws, in connection with the posting of or linking to our Research. To
the extent permitted by law, you further agree to indemnify and hold Moody's harmless against any and all losses,
claims, damages, costs or injury(including without limitation attorneys'fees)of whatever nature(whether foreseeable
or not) and however caused, in whole or in part caused by, resulting from or relating to, any posting or linking to our
Research under this Appendix A.
A Rated Entity may not sublicense the rights granted under this License to anyone. However, if you are not a Rated
Entity,then you may sublicense the rights granted under this License only to a Rated Entity;provided that in the event
of any such sublicense you agree that you will require the Rated Entity to comply with all terms, conditions, restrictions
and covenants contained in this Appendix A and you shall be responsible for any failure by the Rated Entity to so
comply.
This License shall terminate as of the date that this Application terminates or upon advance written notice from Moody's
at any time. Upon termination,all posting of our Research by you or any Rated Entity must cease immediately.
All rights not expressly granted in this License are reserved.
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019.01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 1 17
APPENDIX B
Additional Provisions Applicable to our Non-Public Information
As used in this Appendix, the term "Moody's Confidential Information"means any non-public information that Moody's
discloses to either of: (i)you or any of your agents;or(ii)if different, any relevant entity on which a rating is requested
or whose issuances are requested to be rated under this Application (each, a"Rated Entity") or its agents. Moody's
Confidential Information includes any rating and/or other opinion we deliver in connection with this Application that we
do not also disclose to the general public at the time of delivery. Furthermore, all of the provisions in this Appendix
apply to all Moody's Confidential Information and prevail in the event of any inconsistency with other provisions set out
elsewhere in this Application.
Confidentiality and Insider Trading
Moody's Confidential Information may constitute unpublished price sensitive information or otherwise material non-
public or inside information, in which case you agree to being made an insider by virtue of receiving it. You also agree
to keep Moody's Confidential Information confidential and treat it accordingly. You must refrain from direct or indirect
communication or disclosure of Moody's Confidential Information to any person(s)other than:
a) your employees, officers and directors and those of your ultimate parent and any entities that are wholly
owned, directly or indirectly, by your ultimate parent, whose functions reasonably require them to have
knowledge of Moody's Confidential Information in order to fulfill their professional duties as agents of the Rated
Entity; and
b) your financial and legal advisors, in their capacity as such,with a need to know,for information purposes only
and to whom we owe no duty or responsibility, provided that either (i) they enter into a non-disclosure
agreement with Moody's in a form we provided prior to such disclosure, or(ii)we consent to such disclosure
and they agree to be bound by the confidentiality obligations and limitation of liability provisions of this
Application.
The permissible recipients of Moody's Confidential Information described in sub-paragraphs (a) and (b) above are,
together, referred to as"Disclosees".
You will ensure that all Disclosees comply with all of the provisions in this Application and any breach by a Disclosee
will be deemed to be a breach of this Application by you. The undertakings in this Confidentiality and Insider Trading
section will not prevent you or any Disclosees from disclosing Moody's Confidential Information to the extent required
by law or regulation (including as requested by any governmental regulator acting within the scope of its jurisdiction
over you or the relevant Disclosee).
Indemnity
To the extent permitted by law,you will indemnify and hold harmless Moody's from any losses, claims,damages,costs
or injury (including attorneys' fees) ("Losses") of whatever nature (whether foreseeable or not) arising from or in
connection with: (i)reliance on,or disclosure of, Moody's Confidential Information by you or by any third party that has
directly or indirectly obtained Moody's Confidential Information from you; or(ii) any breach of this Appendix B by you;
provided that this indemnity shall not apply to any Losses to the extent such Losses are attributable to Moody's fraud
or willful misconduct. For the avoidance of doubt,this indemnity is in addition to,and will not,in any respect,supersede
or replace, the indemnification provision in the main body of this Application, which will also apply with respect to
Moody's Confidential Information.
The terms of this Appendix survive termination of this Application.
MOODY'S APPLICATION AND FEE SCHEDULE FOR LOCAL GOVERNMENTS
Doc ID: 00058303.0 FS 2019 01 US PPIF PFG Local Governments USD
This Fee Schedule sets out Moody's fees for the period 1/1/2019 to 12/31/2019. Moody's reserves the right to revise this Fee Schedule
from time to time. If Moody's does not revise this Fee Schedule,the current Fee Schedule will also apply in subsequent periods.For
questions please contact Paul Spadaccini at paul.spadaccini@moodys.com or 212-553-7199.
Page 118
Soto, Vania Elizabeth
From: Hinojosa, Crystal
Sent: Monday,April 1, 2019 2:40 PM
To: Soto, Vania Elizabeth
Subject: FW: Engagement Letters
Vania,
See Denis message below for all of the already executed engagements.
I assume this is enough to have signed by City Secretary?
For future engagements we will have routed through whole process.
From: McElroy, Denis C.
Sent: Monday,April 1, 2019 2:32 PM
To: Hinojosa,Crystal<Crystal.Hinojosa @fortworthtexas.gov>
Subject: RE: Engagement Letters
As they've already been long ago executed without Law's signature, I don't see the benefit to running them through my
department at this point.
Denis McElroy
Assistant City Attorney
200 Texas Street
Fort Worth,Texas 76102
(817)392-2758
denis.meelroy@fortworthtexas.gov
City of Fort Worth — Working together to build a strong community
FORTWORTH.
From: Hinojosa, Crystal
Sent: Monday, April 01, 2019 2:21 PM
To: McElroy, Denis C.
Subject: FW: Engagement Letters
Denis,
I need to route these to City Secretary office for CSCO number to be assigned for purchasing process.
Do I need to also route these already executed engagements to Law as well?
1