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For certain types of promo it's quite common for the sponsor to host the banner themselves and allow you to hotlink it, like when they buy your sig for example.
But if I take it upon myself to sign up to a sponsor as an affiliate, I have never expected them to host the banners for me. If I want to use a particular banner I take it, put it on my own server and use it. Always have, except for the few sponsors who openly allow hotlinking, like for a "banner of the week" promo.
I wouldn't go presuming to expect it from everyone though, no.
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