Common use of Trustee as Securities Intermediary Clause in Contracts

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 2004-1 Collection Account, the Series 2004-1 Excess Collection Account, the Series 2004-1 Accrued Interest Account, the Series 2004-1 Reserve Account, the Series 2004-1 Cash Collateral Account, or the Series 2004-1 Distribution Account (each a “Series 2004-1 Designated Account”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Series 2004-1 Designated Account is not the Trustee, HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 2.10.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20042005-1 3 Collection Account, the Series 20042005-1 3 Excess Collection Account, the Series 20042005-1 3 Accrued Interest Account, the Series 2004-1 Class A Reserve Account, the Class B Reserve Account, the Series 20042005-1 3 Cash Collateral Account, Account or the Series 20042005-1 3 Distribution Account (each a “Series 20042005-1 3 Designated Account”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Series 20042005-1 3 Designated Account is not the Trustee, HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 2.103.11.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20042005-1 2 Collection Account, the Series 20042005-1 2 Excess Collection Account, the Series 20042005-1 2 Accrued Interest Account, the Series 2004-1 Class A Reserve Account, the Class B Reserve Account, the Series 20042005-1 2 Cash Collateral Account, the Series 2005-2 Distribution Account or the Series 20042005-1 Distribution 2 Closing Account (each a “Series 20042005-1 2 Designated Account”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Series 20042005-1 2 Designated Account is not the Trustee, HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 2.10.

Trustee as Securities Intermediary. (a) The Trustee or other Person holding the Series 20042005-1 4 Collection Account, the Series 20042005-1 4 Excess Collection Account, the Series 20042005-1 4 Accrued Interest Account, the Series 2004-1 Class A Reserve Account, the Class B Reserve Account, the Series 20042005-1 4 Cash Collateral Account, Account or the Series 20042005-1 4 Distribution Account (each a “Series 20042005-1 4 Designated Account”) shall be the “Securities Intermediary”. If the Securities Intermediary in respect of any Series 20042005-1 4 Designated Account is not the Trustee, HVF shall obtain the express agreement of such Person to the obligations of the Securities Intermediary set forth in this Section 2.103.11.