What happens to replications if I delete a volume

I have a volume on my EqualLogic called HOSTA. I have moved all the virtual machines that were stored within to their own respective volumes. HOSTA was also being replicated offsite to another EqualLogic.

If I delete this volume, HOSTA, on the original EQL, will the replications remain on the other EQL?

I would like to start replicating the new volumes and have them all over there before I delete the HOSTA replications.  But, because of bandwidth restrictions, I'm going to have to both EQL's on the same switch and do the initial sync. But, before that time, I would like to free up this unused space so that I can finish the same work with another volume called HOSTB.  That way, I can get all the initial replications finished over a single weekend.