Common use of Removal and Deletion of Accounts Clause in Contracts

Removal and Deletion of Accounts. (a) If an Account becomes a Removed Account, then HPLAC shall stop selling to HSBC Funding Principal Receivables arising in such Removed Account effective on the Business Day (the “Stop Date”) after the date such Account becomes a Removed Account. Notwithstanding the cessation of the sale to HSBC Funding of additional Principal Receivables arising in such Removed Account, Principal Receivables sold to HSBC Funding prior to the Stop Date, Collections in respect of such Principal Receivables, Finance Charge and Administrative Receivables whenever created that accrue in respect of such Principal Receivables, and Collections in respect of such Finance Charge and Administrative Receivables and all Interchange and Recoveries related thereto, shall continue to be property of HSBC Funding available for transfer by HSBC Funding to the Trust. To the extent that it is not clear to HPLAC whether collections relate to a Principal Receivable that was sold to HSBC Funding or to a principal receivable that HPLAC did not sell to HSBC Funding, HPLAC shall allocate payments on each such Removed Account with respect to the principal balance of such Removed Account first to the oldest principal balance of such Removed Account. (a) On and after the Stop Date for a Removed Account, HPLAC may mxxx its books and records to indicate that such Account is a Removed Account, and once an Account has become a Removed Account, HPLAC shall promptly delete such Removed Account from Schedule 1 hereto and shall indicate in its computer files that such Removed Account is no longer an Account.

Removal and Deletion of Accounts. (a) If an Account becomes a Removed Account, then HPLAC shall stop selling to HSBC Funding Principal Receivables arising in such Removed Account effective on On the Business Day (the “Stop Date”) after following the date such on which an Account becomes a Removed Account. Notwithstanding the cessation of the sale , BANA must stop selling to HSBC Funding of additional new Principal Receivables arising in such Removed that Account. Notwithstanding the preceding sentence, Funding will continue to own all Principal Receivables that were sold to HSBC Funding prior to the Stop Date, all Collections in respect of such on those Principal Receivables, all Finance Charge and Administrative Receivables whenever created that accrue in respect on those Principal Receivables regardless of such Principal Receivableswhen they arise, and all Collections in respect of such on those Finance Charge Receivables. If BANA and Administrative Receivables and all Interchange and Recoveries related thereto, shall continue to be property of HSBC Funding available for transfer by HSBC Funding to the Trust. To the extent that it is cannot clear to HPLAC determine whether collections relate to a Principal Receivable that was sold to HSBC Funding or to a principal receivable that HPLAC did has not sell been sold to HSBC Funding, HPLAC shall BANA and Funding must allocate payments on each such the related Removed Account with respect to proportionately based on the principal balance total amount of such Principal Receivables in that Removed Account first to then owned by Funding and the oldest total amount of principal balance of such receivables in that Removed AccountAccount then owned by BANA or the applicable Account Owner. (ab) On From and after the Stop Date for a Removed Account, HPLAC BANA may mxxx its books books, records, and records computer files to indicate make clear that such the Account is a Removed Account, and once an . But BANA must not change the entries described in subsection 2.01(d) relating to that Removed Account has become a Removed Account, HPLAC shall promptly or delete such that Removed Account from the Account Schedule 1 hereto unless and shall indicate until that Removed Account becomes a Deleted Account or BANA has taken all actions that are necessary or appropriate to maintain the perfection and the priority of Funding’s ownership interest in the related Purchased Assets. (c) Once a Removed Account becomes a Deleted Account, BANA promptly must mxxx its books, records, and computer files to make clear that such Removed the Account is no longer an Accounta Deleted Account and must delete that Deleted Account from the Account Schedule.

Removal and Deletion of Accounts. (a) If an Account becomes a Removed Account, then HPLAC shall stop selling to HSBC Funding Principal Receivables arising in such Removed Account effective on On the Business Day (the “Stop Date”) after following the date such on which an Account becomes a Removed Account. Notwithstanding the cessation of the sale , XXXX must stop selling to HSBC Funding of additional new Principal Receivables arising in such Removed that Account. Notwithstanding the preceding sentence, Funding will continue to own all Principal Receivables that were sold to HSBC Funding prior to the Stop Date, all Collections in respect of such on those Principal Receivables, all Finance Charge and Administrative Receivables whenever created that accrue in respect on those Principal Receivables regardless of such Principal Receivableswhen they arise, and all Collections in respect of such on those Finance Charge Receivables. If BANA and Administrative Receivables and all Interchange and Recoveries related thereto, shall continue to be property of HSBC Funding available for transfer by HSBC Funding to the Trust. To the extent that it is cannot clear to HPLAC determine whether collections relate to a Principal Receivable that was sold to HSBC Funding or to a principal receivable that HPLAC did has not sell been sold to HSBC Funding, HPLAC shall BANA and Funding must allocate payments on each such the related Removed Account with respect to proportionately based on the principal balance total amount of such Principal Receivables in that Removed Account first to then owned by Funding and the oldest total amount of principal balance of such receivables in that Removed AccountAccount then owned by BANA or the applicable Account Owner. (ab) On From and after the Stop Date for a Removed Account, HPLAC BANA may mxxx mark its books books, records, and records computer files to indicate make clear that such the Account is a Removed Account, and once an . But BANA must not change the entries described in subsection 2.01(d) relating to that Removed Account has become a Removed Account, HPLAC shall promptly or delete such that Removed Account from the Account Schedule 1 hereto unless and shall indicate until that Removed Account becomes a Deleted Account or XXXX has taken all actions that are necessary or appropriate to maintain the perfection and the priority of Funding’s ownership interest in the related Purchased Assets. (c) Once a Removed Account becomes a Deleted Account, XXXX promptly must mark its books, records, and computer files to make clear that such Removed the Account is no longer an Account.a Deleted Account and must delete that Deleted Account from the Account Schedule. ARTICLE III‌

Removal and Deletion of Accounts. (a) If On the Business Day (the "Stop Date") following the date on which an Account becomes a Removed Account, then HPLAC shall BACCS must stop selling to HSBC Funding new Principal Receivables arising in such Removed Account effective on the Business Day (the “Stop Date”) after the date such Account becomes a Removed that Account. Notwithstanding the cessation of the sale preceding sentence, Funding will continue to HSBC Funding of additional own all Principal Receivables arising in such Removed Account, Principal Receivables that were sold to HSBC Funding prior to the Stop Date, all Collections in respect of such on those Principal Receivables, all Finance Charge and Administrative Receivables whenever created that accrue in respect on those Principal Receivables regardless of such Principal Receivableswhen they arise, and all Collections in respect of such on those Finance Charge Receivables. If BACCS and Administrative Receivables and all Interchange and Recoveries related thereto, shall continue to be property of HSBC Funding available for transfer by HSBC Funding to the Trust. To the extent that it is cannot clear to HPLAC determine whether collections relate to a Principal Receivable that was sold to HSBC Funding or to a principal receivable that HPLAC did has not sell been sold to HSBC Funding, HPLAC shall BACCS and Funding must allocate payments on each such the related Removed Account with respect to proportionately based on the principal balance total amount of such Principal Receivables in that Removed Account first to then owned by Funding and the oldest total amount of principal balance of such receivables in that Removed AccountAccount then owned by BACCS or the applicable Account Owner. (ab) On From and after the Stop Date for a Removed Account, HPLAC BACCS may mxxx xxxx its books books, records, and records computer files to indicate make clear that such the Account is a Removed Account, and once an . But BACCS must not change the entries described in subsection 2.01(d) relating to that Removed Account has become a Removed Account, HPLAC shall promptly or delete such that Removed Account from the Account Schedule 1 hereto unless and shall indicate until that Removed Account becomes a Deleted Account or BACCS has taken all actions that are necessary or appropriate to maintain the perfection and the priority of Funding's ownership interest in the related Purchased Assets. (c) Once a Removed Account becomes a Deleted Account, BACCS promptly must xxxx its books, records, and computer files to make clear that such Removed the Account is no longer an Accounta Deleted Account and must delete that Deleted Account from the Account Schedule.

Removal and Deletion of Accounts. (a) If an Account becomes a Removed Account, then HPLAC shall stop selling to HSBC Funding Principal Receivables arising in such Removed Account effective on On the Business Day (the “Stop Date”) after following the date such on which an Account becomes a Removed Account. Notwithstanding the cessation of the sale , BANA must stop selling to HSBC Funding of additional new Principal Receivables arising in such Removed that Account. Notwithstanding the preceding sentence, Funding will continue to own all Principal Receivables that were sold to HSBC Funding prior to the Stop Date, all Collections in respect of such on those Principal Receivables, all Finance Charge and Administrative Receivables whenever created that accrue in respect on those Principal Receivables regardless of such Principal Receivableswhen they arise, and all Collections in respect of such on those Finance Charge Receivables. If BANA and Administrative Receivables and all Interchange and Recoveries related thereto, shall continue to be property of HSBC Funding available for transfer by HSBC Funding to the Trust. To the extent that it is cannot clear to HPLAC determine whether collections relate to a Principal Receivable that was sold to HSBC Funding or to a principal receivable that HPLAC did has not sell been sold to HSBC Funding, HPLAC shall BANA and Funding must allocate payments on each such the related Removed Account with respect to proportionately based on the principal balance total amount of such Principal Receivables in that Removed Account first to then owned by Funding and the oldest total amount of principal balance of such receivables in that Removed AccountAccount then owned by BANA or the applicable Account Owner. (ab) On From and after the Stop Date for a Removed Account, HPLAC BANA may mxxx xxxx its books books, records, and records computer files to indicate make clear that such the Account is a Removed Account, and once an . But BANA must not change the entries described in subsection 2.01(d) relating to that Removed Account has become a Removed Account, HPLAC shall promptly or delete such that Removed Account from the Account Schedule 1 hereto unless and shall indicate until that Removed Account becomes a Deleted Account or BANA has taken all actions that are necessary or appropriate to maintain the perfection and the priority of Funding’s ownership interest in the related Purchased Assets. (c) Once a Removed Account becomes a Deleted Account, BANA promptly must xxxx its books, records, and computer files to make clear that such Removed the Account is no longer an Accounta Deleted Account and must delete that Deleted Account from the Account Schedule.

Removal and Deletion of Accounts. (a) If an Account becomes a Removed Account, then HPLAC shall stop selling to HSBC Funding Principal Receivables arising in such Removed Account effective on On the Business Day (the “Stop Date”) after following the date such on which an Account becomes a Removed Account. Notwithstanding the cessation of the sale , BACCS must stop selling to HSBC Funding of additional new Principal Receivables arising in such Removed that Account. Still, Funding will continue to own all Principal Receivables that were sold to HSBC Funding prior to the Stop Date, all Collections in respect of such on those Principal Receivables, all Finance Charge and Administrative Receivables whenever created that accrue in respect on those Principal Receivables regardless of such Principal Receivableswhen they arise, and all Collections in respect of such on those Finance Charge Receivables. If BACCS and Administrative Receivables and all Interchange and Recoveries related thereto, shall continue to be property of HSBC Funding available for transfer by HSBC Funding to the Trust. To the extent that it is cannot clear to HPLAC determine whether collections relate to a Principal Receivable that was sold to HSBC Funding or to a principal receivable that HPLAC did has not sell been sold to HSBC Funding, HPLAC shall BACCS and Funding must allocate payments on each such the related Removed Account with respect to proportionately based on the principal balance total amount of such Principal Receivables in that Removed Account first to then owned by Funding and the oldest total amount of principal balance of such receivables in that Removed AccountAccount then owned by BACCS or FIA. (ab) On From and after the Stop Date for a Removed Account, HPLAC BACCS may mxxx xxxx its books books, records, and records computer files to indicate make clear that such the Account is a Removed Account, and once an . But BACCS must not change the entries described in Section 2.01(d) relating to that Removed Account has become a Removed Account, HPLAC shall promptly or delete such that Removed Account from the Account Schedule 1 hereto unless and shall indicate until that Removed Account becomes a Deleted Account or BACCS has taken all actions that are necessary or appropriate to maintain the perfection and the priority of Funding’s ownership interest in the related Purchased Assets. (c) Once a Removed Account becomes a Deleted Account, BACCS promptly must xxxx its books, records, and computer files to make clear that such Removed the Account is no longer an Accounta Deleted Account and must delete that Deleted Account from the Account Schedule.