(a) (1) Before or at original issuance of registered public obligations, an issuer may provide as a part of a system of registration that:(A) The transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system of registration as a condition precedent to transfer;(B) Costs be paid out of proceeds of the registered public obligations; or(C) Both methods in subdivisions (a)(1)(A) and (B) of this section be used.(2) The issuer is liable for the portion of the costs of the system of registration not provided to be paid for by the transferor or transferee or out of proceeds.
(1) Before or at original issuance of registered public obligations, an issuer may provide as a part of a system of registration that:(A) The transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system of registration as a condition precedent to transfer;(B) Costs be paid out of proceeds of the registered public obligations; or(C) Both methods in subdivisions (a)(1)(A) and (B) of this section be used.
(A) The transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system of registration as a condition precedent to transfer;
(B) Costs be paid out of proceeds of the registered public obligations; or
(C) Both methods in subdivisions (a)(1)(A) and (B) of this section be used.
(2) The issuer is liable for the portion of the costs of the system of registration not provided to be paid for by the transferor or transferee or out of proceeds.
(b) As a part of a system of registration, the issuer may provide for reimbursement or for satisfaction of its liability by payment by others. The issuer may:(1) Enter into agreements with others respecting the reimbursement or payment;(2) Establish fees and charges pursuant to the agreements or otherwise; and(3) Provide that the amount or estimated amount of the fees and charges shall be reimbursed or paid from the same sources and by means of the same collection and enforcement procedures and with the same priority and effect as with respect to the obligations.
(1) Enter into agreements with others respecting the reimbursement or payment;
(2) Establish fees and charges pursuant to the agreements or otherwise; and
(3) Provide that the amount or estimated amount of the fees and charges shall be reimbursed or paid from the same sources and by means of the same collection and enforcement procedures and with the same priority and effect as with respect to the obligations.