Common use of Additional Covenants of HFC Clause in Contracts

Additional Covenants of HFC. HFC hereby agrees that: (a) it will maintain its books and records to clearly note the separate corporate existence of the Depositor, each Servicer and the Master Servicer; (b) the Depositor, the Servicers and HFC will share certain overhead expenses, although the amount the Depositor will be charged for such use will be based on actual use to the extent practicable and, to the extent such allocation is not practicable, on a basis reasonably related to use; (c) separate financial records will be maintained to reflect the assets and liabilities of the Depositor, HFC and each Servicer, which financial records are and will be subject to audit by independent public accountants at the reasonable request of the Board of Directors of the Depositor, HFC or such Servicer, as the case may be; (d) except as permitted hereunder, there will be no commingling of the assets of the Depositor with the assets of HFC or any Servicer. All demand deposit accounts and other bank accounts of the Depositor will be maintained separately from those of HFC and the Servicers. Monetary transactions between the Depositor and HFC or any Servicer are and will continue to be properly reflected in their respective financial records; (e) HFC at all times will recognize, and will take all steps within its power to maintain, the corporate existence of the Depositor and Servicers as being separate and apart from its own corporate existence and will not refer to the Depositor or any Servicer as a department or division of HFC; and (f) Except as otherwise expressly provided herein, the Depositor and HFC will not guaranty or advance the proceeds for payment of any obligations of the Trust.

Additional Covenants of HFC. HFC hereby agrees that: (ai) it will maintain its books and records to clearly note the separate corporate existence of the Depositor, each Servicer and the Master Servicer; (bii) the Depositor, the Servicers and HFC will share certain overhead expenses, although the amount the Depositor will be charged for such use will be based on actual use to the extent practicable and, to the extent such allocation is not practicable, on a basis reasonably related to use; (ciii) separate financial records will be maintained to reflect the assets and liabilities of the Depositor, HFC and each Servicer, which financial records are and will be subject to audit by independent public accountants at the reasonable request of the Board of Directors of the Depositor, HFC or such Servicer, as the case may be; (div) except as permitted hereunder, there will be no commingling of the assets of the Depositor with the assets of HFC or any Servicer. All demand deposit accounts and other bank accounts of the Depositor will be maintained separately from those of HFC and the Servicers. Monetary transactions between the Depositor and HFC or any Servicer are and will continue to be properly reflected in their respective financial records; (ev) HFC at all times will recognize, and will take all steps within its power to maintain, the corporate existence of the Depositor and Servicers as being separate and apart from its own corporate existence and will not refer to the Depositor or any Servicer as a department or division of HFC; and (fvi) Except as otherwise expressly provided herein, the Depositor and HFC will not guaranty or advance the proceeds for payment of any obligations of the Trust.

Additional Covenants of HFC. HFC hereby agrees that: (a) it It will maintain its books and records to clearly note the separate corporate existence of the Depositor, each Servicer and the Master Servicer; (b) the The Depositor, the Servicers and HFC will share certain overhead expenses, although the amount the Depositor will be charged for such use will be based on actual use to the extent practicable and, to the extent such allocation is not practicable, on a basis reasonably related to use; (c) separate Separate financial records will be maintained to reflect the assets and liabilities of the Depositor, HFC and each Servicer, which financial records are and will be subject to audit by independent public accountants at the reasonable request of the Board of Directors of the Depositor, HFC or such Servicer, as the case may be; (d) except Except as permitted hereunder, there will be no commingling of the assets of the Depositor with the assets of HFC or any Servicer. All demand deposit accounts and other bank accounts of the Depositor will be maintained separately from those of HFC and the Servicers. Monetary transactions between the Depositor and HFC or any Servicer are and will continue to be properly reflected in their respective financial records; (e) HFC at all times will recognize, and will take all steps within its power to maintain, the corporate existence of the Depositor and Servicers as being separate and apart from its own corporate existence and will not refer to the Depositor or any Servicer as a department or division of HFC; and (f) Except as otherwise expressly provided herein, the Depositor and HFC will not guaranty or advance the proceeds for payment of any obligations of the Trust.

Additional Covenants of HFC. HFC hereby agrees that: (ai) it will maintain its books and records to clearly note the separate corporate existence of the Depositor, each Servicer and the Master Servicer; (bii) the Depositor, the Servicers and HFC will share certain overhead expenses, although the amount the Depositor will be charged for such use will be based on actual use to the extent practicable and, to the extent such allocation is not practicable, on a basis reasonably related to use; (ciii) separate financial records will be maintained to reflect the assets and liabilities of the Depositor, HFC and each Servicer, which financial records are and will be subject to audit by independent public accountants at the reasonable request of the Board of Directors of the Depositor, HFC or such Servicer, as the case may be; (div) except as permitted hereunder, there will be no commingling of the assets of the Depositor with the assets of HFC or any Servicer. All demand deposit accounts and other bank accounts of the Depositor will be maintained separately from those of HFC and the Servicers. Monetary transactions between the Depositor and HFC or any Servicer are and will continue to be properly reflected in their respective financial records; (ev) HFC at all times will recognize, and will take all steps within its power to maintain, the corporate existence of the Depositor and Servicers as being separate and apart from its own corporate existence and will not refer to the Depositor or any Servicer as a department or division of HFC; and (fvi) Except as otherwise expressly provided herein, the Depositor and HFC will not guaranty or advance the proceeds for payment of any obligations of the TrustDepositor.

Additional Covenants of HFC. HFC hereby agrees that: (ai) it will maintain its books and records to clearly note the separate corporate existence of the DepositorSeller, each Servicer Subservicer and the Master Servicer; (bii) the DepositorSeller, the Servicers Subservicers and HFC will share certain overhead expenses, although the amount the Depositor Seller will be charged for such use will be based on actual use to the extent practicable and, to the extent such allocation is not practicable, on a basis reasonably related to use; (ciii) separate financial records will be maintained to reflect the assets and liabilities of the DepositorSeller, HFC and each ServicerSubservicer, which financial records are and will be subject to audit by independent public accountants at the reasonable request of the Board of Directors of the DepositorSeller, HFC or such ServicerSubservicer, as the case may be; (div) except as permitted hereunder, there will be no commingling of the assets of the Depositor Seller with the assets of HFC or any ServicerSubservicer. All demand deposit accounts and other bank accounts of the Depositor Seller will be maintained separately from those of HFC and the ServicersSubservicers. Monetary transactions between the Depositor Seller and HFC or any Servicer Subservicer are and will continue to be properly reflected in their respective financial records; (ev) HFC at all times will recognize, and will take all steps within its power to maintain, the corporate existence of the Depositor Seller and Servicers Subservicers as being separate and apart from its own corporate existence and will not refer to the Depositor Seller or any Servicer Subservicer as a department or division of HFC; and (fvi) Except as otherwise expressly provided herein, the Depositor and HFC will not guaranty or advance the proceeds for payment of any obligations of the TrustSeller.