HSBC AUTOMOTIVE TRUST (USA) 2006-2 $296,500,000 Class A-1 Notes $229,100,000 Class A-2 Notes $416,800,000 Class A-3 Notes $117,700,000 Class A-4 Notes UNDERWRITING AGREEMENTUnderwriting Agreement • July 20th, 2006 • HSBC Auto Receivables Corp • Asset-backed securities • New York
The Depositor has authorized the issuance and sale of $296,500,000 Class A-1 Notes, $229,100,000 Class A-2 Notes, $416,800,000 Class A-3 Notes and $117,700,000 Class A-4 Notes (collectively, the “Notes”). The Notes are to be issued by HSBC Automotive Trust (USA) 2006-2 (the “Trust”) pursuant to an Indenture (the “Indenture”), dated as of the date of the Closing Time (as defined below), among the Trust, The Bank of New York, a New York state banking corporation, as indenture trustee (the “Indenture Trustee”), and HSBC Bank USA, National Association, a national banking association, as administrator (the “Administrator”), as supplemented by a Series Supplement (the “Series Supplement”), dated as of the date of the Closing Time, by and among the Servicer, the Trust, the Depositor, the Indenture Trustee, the Administrator and U.S. Bank Trust National Association, a national banking association, as Owner Trustee (the “Owner Trustee”). In addition to the Notes, the Trust will also issue the S
