Such Underwriter. (i) has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity, within the meaning of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”), received by it in connection with the issue or sale of any Notes in circumstances in which section 21(1) of the FSMA does not apply to the Depositor; and
Appears in 2 contracts
Samples: Underwriting Agreement (HSBC Auto Receivables Corp), Underwriting Agreement (HSBC Auto Receivables Corp)
Such Underwriter. (i) has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity, within the meaning of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”), received by it in connection with the issue or sale of any Notes Offered Certificates in circumstances in which section 21(1) of the FSMA does not apply to the Depositor; and
Appears in 2 contracts
Samples: HSBC Home Equity Loan Trust (HSBC Home Equity Loan Trust (USA) 2006-3), HSBC Home Equity Loan Trust (HSBC Home Equity Loan Trust (USA) 2007-3)
Such Underwriter. (i) has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity, within the meaning of section 21 of the Financial Services and Markets Act 2000 Xxx 0000 (the “FSMA”), received by it in connection with the issue or sale of any Notes Offered Certificates in circumstances in which section 21(1) of the FSMA does not apply to the Depositor; and
Appears in 2 contracts
Samples: HSBC Home (HSBC Home Equity Loan CORP II), HSBC Home Equity Loan Trust (HSBC Home Equity Loan Trust (USA) 2006-4)
Such Underwriter. (i) has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to engage in investment activity, within the meaning of section 21 of the Financial Services and Markets Act 2000 (the “"FSMA”"), received by it in connection with the issue or sale of any Notes in circumstances in which section 21(1) of the FSMA does not apply to the Depositor; and
Appears in 1 contract
Samples: Underwriting Agreement (HSBC Auto Receivables Corp)