Common use of Sale of Certificates Clause in Contracts

Sale of Certificates. At 11:00 a.m. New York City time on the Startup Day (the "Closing"), at the offices of Xxxxx Xxxxxxxxxx LLP, 1301 Sixth Avenue, New York, New York (or at such other location acceptable to the Seller), the Sellers will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters the Class A Certificates and the Class B Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and (ii) to the respective registered Owners thereof, the Class C Certificates and a Residual Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation and a Residual Certificate of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding Corporation. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, the Trustee shall remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 a.m. New York City 8 a.m., Pacific time on the Startup Day (the "Closing"), at the offices of Xxxxx Xxxxxxxxxx & Xxxxxx LLP, 1301 Sixth Avenue0 Xxxx Xxxxx, New YorkXxxxxx, New York Xxxxxxxxxx (or at such other location acceptable to the Seller), the Sellers Seller will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters Underwriters, the Class A Certificates and the Class B Offered Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee, (ii) to the initial purchasers thereof, Class S Certificates with a cumulative Percentage Interest equal to 100%, (iii) to the initial purchasers thereof, Class C-IO Certificates with an aggregate Percentage Interest in each Class of 100%, (iv) to the respective registered Owners owners thereof, the a Class C Certificates D Certificate with a Percentage Interest equal to 100% and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation names designated by the Depositor and a (v) to the Trustee, the Tax Matters Person Residual Certificate of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding CorporationInterest. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, Certificates the Depositor shall instruct the Trustee to deposit (a) an amount equal to the Original Pre-Funded Amount in the Pre-Funding Account and (b) an amount equal to the Original Capitalized Interest Amount to the Capitalized Interest Account contributed by the Depositor out of such proceeds or otherwise. The Trustee shall then remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 a.m. New York City 10 a.m., Pacific time on the Startup Day (the "Closing"), at the offices of Xxxxx Artex & Xaddxx, 0 Paxx Xxxxx, Xxxxxx, Xxxxxxxxxx LLP, 1301 Sixth Avenue, New York, New York (or xx at such other location acceptable to the Seller), the Sellers Seller will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters the Class A Certificates and the Class B Offered Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee, (ii) to the initial purchasers thereof, Class S Certificates with a cumulative Percentage Interest equal to 100%, (iii) to the initial purchasers thereof, Class C-IO Certificates with an aggregate Percentage Interest in each Class of 100%, and (iv) to the respective registered Owners owners thereof, the a Class C Certificates D Certificate with a Percentage Interest equal to 100% and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name names designated by the Depositor and the Tax Matters Person Residual Interest to the Trustee. The Depositor shall deliver to the Trustee on the Startup Day the letters required to be delivered by transferees of ContiSecurities Holding Corporation Class C, Class S and a Residual Certificate Class R Certificates pursuant to Section 5.08(b) and (c) hereof with respect to the initial purchasers of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding Corporationsuch Certificates. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, Certificates the Depositor shall instruct the Trustee to deposit (a) an amount equal to the Original Pre-Funded Amount in the Pre-Funding Account and (b) an amount equal to $683,743 to the Capitalized Interest Account contributed by the Depositor out of such proceeds or otherwise. The Trustee shall then remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 11 a.m. New York City time on the Startup Day (the "Closing"), at the offices of Stroock & Stroock & Xxxxx Xxxxxxxxxx LLP, 1301 Sixth Avenue000 Xxxxxx Xxxx, New YorkXxx Xxxx, New York Xxx Xxxx (or at such other location acceptable to the Seller), the Sellers will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters the Class A Trust Certificates (other than the Class A-2 Fixed Certificates) and the Class B Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust Trustee; (ii) to the Depositor, the Class A-2 Fixed Certificates with an aggregate Percentage Interest in such Class equal to 100%, registered in the name of the Grantor Trustee or in such other name as the Depositor shall direct; and (iiiii) to the respective registered Owners thereof, the a Class C Certificates R-I and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation and a Residual Class R-I and a Class R Certificate of each Class, each with a Percentage Interest equal to 0.001.001%, registered in the name of ContiFunding Corporation. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, the Trustee shall remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 11 a.m. New York City time on the Startup Day (the "Closing")Day, at the offices of Xxxxx Dewex Xxxxxxxxxx LLPXXX, 1301 Sixth AvenueAvenue of the Americas, New York, New York (or at such other location acceptable to the Seller)York, the Sellers Sponsor will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Depositor and Trustee on behalf of the Depositor will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the TrusteeTrust, and the Trustee will deliver (i) deliver to the Underwriters Representative, the Class A Certificates and the Class B Offered Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., Co. or in such other names as the Underwriters Representative shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee; (ii) deliver to the respective registered Owners thereofTrustee, the Class C Certificates and a Residual B Certificate of each Class, each with a an aggregate Percentage Interest equal to 99.999100%, registered in the name of ContiSecurities Holding Corporation the Trustee on behalf of the Supplemental Interest Trust; (iii) deliver to the Sponsor, the Class BS Certificates, the Class R-I Certificates and a Residual Certificate of the Class R-II Certificates in each Class, each case with a an aggregate Percentage Interest equal to 0.001100%, registered in such names as the name Sponsor shall request; and (iv) deliver to the Trustee on behalf of ContiFunding Corporationthe Owners of the Supplemental Interest Right, the certificate representing the Supplemental Interest Right. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, the Trustee shall remit shall, from the entire balance proceeds of such net proceeds the sale of the Certificates, pay other fees and expenses identified by the Sponsor, deposit the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount into the Pre-Funding Account, deposit the Group I Capitalized Interest Deposit and the Group II Capitalized Interest Deposit into the Capitalized Interest Account and pay to the Depositor in accordance with instructions delivered by Sponsor the Depositor. END OF ARTICLE IVbalance after deducting such amounts.

Sale of Certificates. At 11:00 a.m. New York City time on the Startup Day (the "Closing"), at the offices of Xxxxx Xxxxxxxxxx LLP, 1301 Sixth Avenue, New York, New York (or at such other location acceptable to the Seller), the Sellers will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters the Class A Trust Certificates (other than the Class A-2 Internal Certificates) and the Class B Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust Trust; (ii) to the Grantor Trustee, the Class A-2 Internal Certificates, registered in the name of the Grantor Trust, (iii) to the Depositor, the Class C Certificates with an aggregate Percentage Interest in such Class equal to 100%, registered in the name of the ContiSecurities Holding Corporation or in such other name as the Depositor shall direct; and (iiiv) to the respective registered Owners thereof, the a Class C Certificates R-I, Class R-II and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation and a Residual Class R-I, Class R-II and a Class R Certificate of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding Corporation. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, the Trustee shall remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 a.m. New York City 10 a.m., eastern time on the Startup Day (the "Closing"), at the offices of Xxxxx Xxxxxxxxxx LLP& Xxxxxx, 1301 Sixth Avenue0000 X Xxxxxx, New YorkX.X., New York Xxxxx 000X, Xxxxxxxxxx, X.X. (or at such other location acceptable to the Seller), the Sellers Seller will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters the Class A Certificates and the Class B Offered Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee, (ii) to the initial purchasers thereof, Class S Certificates with a cumulative Percentage Interest equal to 100%, and (iii) to the respective registered Owners owners thereof, the a Class C Certificates Certificate with a Percentage Interest equal to 100% and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name names designated by the Depositor and the Tax Matters Person Residual Interest to the Trustee. The Depositor shall deliver to the Trustee on the Startup Day the letters required to be delivered by transferees of ContiSecurities Holding Corporation Class C, Class S and a Residual Certificate Class R Certificates pursuant to Section 5.08(b) and (c) hereof with respect to the initial purchasers of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding Corporationsuch Certificates. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, Certificates the Depositor shall instruct the Trustee to deposit (a) an amount equal to the Original Pre-Funded Amount in the Pre-Funding Account and (b) an amount equal to $1,463,353.46 to the Capitalized Interest Account contributed by the Depositor out of such proceeds or otherwise. The Trustee shall then remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 11 a.m. New York City time on the Startup Day (the "Closing")Day, at the offices of Stroock & Stroock & Xxxxx Xxxxxxxxxx LLP, 1301 Sixth Avenue000 Xxxxxx Xxxx, New YorkXxx Xxxx, New York Xxx Xxxx 00000 (or at such other location acceptable to the Seller), the Sellers Seller will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Trustee, and the Depositor will cause the Certificate Insurance Policies to be delivered to the Trustee and the Trustee will deliver (i) to the Underwriters (as designee of the Depositor), the Class A Certificates and the Class B Certificates with an aggregate Percentage Interest in each Class equal to 100%, % registered in the name of Cede & Co., Co. or in such other names as the Underwriters shall direct, against payment to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trust Trustee as designee of the Depositor and (ii) to the respective registered Owners thereofowners thereof (as designees of the Depositor), the Class C R Certificates and a Residual Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation and the initial purchasers thereof, a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding Corporation. Upon the Trustee's receipt Tax Matters Person and the Class X-IO Certificates, registered in the name of the entire net proceeds of initial purchasers thereof (all such events shall be referred to herein as the sale of the Certificates, the Trustee shall remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV"Closing").

Sale of Certificates. At 11:00 a.m. New York City 10 a.m., Washington, District of Columbia time on the Startup Day (the "Closing"), at the offices of Seller, 000 Xxxxx Xxxxxxxxxx LLPXxxxx Xxxxxx, 1301 Sixth AvenueXxxxxx, New York, New York Xxxxx (or at such other location acceptable to the Seller), the Sellers Seller will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters the Class A Certificates and the Class B Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee, (ii) to the initial purchasers thereof, Class S Certificates with a cumulative Percentage Interest equal to 100%, and (iii) to the respective registered Owners owners thereof, the a Class C Certificates B-10 Certificate with a Percentage Interest equal to 100% and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation names designated by the Depositor and a the Tax Matters Person Residual Certificate of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding CorporationTrustee. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, Certificates the Depositor shall instruct the Trustee to deposit (a) an amount equal to the Original Pre-Funded Amount in the Pre- Funding Account and (b) an amount equal to $1,132,748.29 the Capitalized Interest Account contributed by the Depositor out of such proceeds or otherwise. The Trustee shall then remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 11 a.m. New York City time on the Startup Day (the "Closing")Day, at the offices of Xxxxx Dewex Xxxxxxxxxx LLPXXX, 1301 Sixth AvenueAvenue of the Americas, New York, New York (or at such other location acceptable to the Seller)York, the Sellers Sponsor will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Depositor and Trustee on behalf of the Depositor will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the TrusteeTrust, and the Trustee will deliver (i) deliver to the Underwriters Representative, the Class A Group I Certificates and the Class B Group II Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., Co. or in such other names as the Underwriters Representative shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee; (ii) deliver to the respective registered Owners thereofTrustee, the Class C Certificates and a Residual B Certificate of each Class, each with a an aggregate Percentage Interest equal to 99.999100%, registered in the name of ContiSecurities Holding Corporation the Trustee on behalf of the Supplemental Interest Payment Account; (iii) deliver to the Sponsor, the Class BS Certificates, the Class R-I Certificates and a Residual Certificate of the Class R-II Certificates in each Class, each case with a an aggregate Percentage Interest equal to 0.001100%, registered in such names as the name Sponsor shall request; and (iv) deliver to the Trustee on behalf of ContiFunding Corporationthe Owners of the Supplemental Interest Right, the certificate representing the Supplemental Interest Right. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, the Trustee shall remit shall, from the entire balance proceeds of such net proceeds the sale of the Certificates, pay other fees and expenses identified by the Sponsor, deposit the Group I Original Pre-Funded Amount and the Group II Original Pre-Funded Amount into the Pre-Funding Account, deposit the Group I Capitalized Interest Deposit and the Group II Capitalized Interest Deposit into the Capitalized Interest Account and pay to the Depositor in accordance with instructions delivered by Sponsor the Depositor. END OF ARTICLE IVbalance after deducting such amounts.

Sale of Certificates. At 11:00 a.m. New York City 9 a.m., Central time on the Startup Day (the "Closing"), at the offices of AMRESCO, INC., 000 Xxxxx Xxxxxxxxxx LLPXxxxx Xxxxxx, 1301 Sixth AvenueXxxxx 0000, New YorkXxxxxx, New York Xxxxx 00000 (or at such other location acceptable to the Seller), the Sellers Seller will sell and convey the Home Equity Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters Underwriters, the Class A Certificates and the Class B Depository Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee, (ii) to Xxxxxxx Mac, the Guaranteed Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of the Federal Home Loan Mortgage Corporation against payment of the purchase price thereof by wire transfer of immediately available funds to the Trustee, (iii) to the initial purchasers thereof, Class S Certificates with a cumulative Percentage Interest equal to 100%, (iv) to the initial purchasers thereof, Class C-IO Certificates with an aggregate Percentage Interest in each Class of 100%, (v) to the respective registered Owners owners thereof, the a Class C Certificates D Certificate with a Percentage Interest equal to 100% and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation names designated by the Depositor and a Residual Certificate of each Class, each with a Percentage Interest equal (vi) to 0.001%, registered in the name of ContiFunding Corporation. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, the Trustee shall remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the DepositorTax Matters Person Residual Interest. END OF ARTICLE IV

Sale of Certificates. At 11:00 a.m. New York City 8 a.m., Pacific time on the Startup Day (the "Closing"), at the offices of Xxxxx Xxxxxxxxxx LLP, 1301 Sixth Avenue, New York, New York _______________ _______________ (or at such other location acceptable to the Seller), the Sellers Seller will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Initial Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters Underwriters, the Class A Certificates and the Class B Offered Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust and Trustee, (ii) to the initial purchasers thereof, Class S Certificates with a cumulative Percentage Interest equal to 100%, (iii) to the initial purchasers thereof, Class C-IO Certificates with an aggregate Percentage Interest in each Class of 100%, (iv) to the respective registered Owners owners thereof, the a Class C Certificates D Certificate with a Percentage Interest equal to 100% and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation names designated by the Depositor and a (v) to the Trustee, the Tax Matters Person Residual Certificate of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding CorporationInterest. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, Certificates the Depositor shall instruct the Trustee to deposit (a) an amount equal to the Original Pre-Funded Amount in the Pre-Funding Account and (b) an amount equal to the Original Capitalized Interest Amount to the Capitalized Interest Account contributed by the Depositor out of such proceeds or otherwise. The Trustee shall then remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV

Sale of Certificates. At 11:00 a.m. New York City time on the Startup Day (the "Closing"), at the offices of Xxxxx Xxxxxxxxxx Stroock & Stroock & Lavan LLP, 1301 Sixth Avenue180 Maiden Lane, New York, New York (or at such other location acceptable to the Sellerlocatxxx xcceptaxxx xx xxx Xxxxxx), the Sellers will xxx Xxxxxxx xxxl sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Home Equity Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the Underwriters the Class A Certificates and the Class B Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of Cede & Co., or in such other names as the Underwriters shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trust Trustee; (ii) to the Depositor, the Class C Certificates with an aggregate Percentage Interest in such Class equal to 100%, registered in the name of the ContiSecurities Holding Corporation or in such other name as the Depositor shall direct; and (iiiii) to the respective registered Owners thereof, the a Class C Certificates R-I, Class R-II and a Residual Class R Certificate of each Class, each with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation and a Residual Class R-I, Class R-II and a Class R Certificate of each Class, each with a Percentage Interest equal to 0.001%, registered in the name of ContiFunding Corporation. Upon the Trustee's receipt of the entire net proceeds of the sale of the Certificates, the Trustee shall remit the entire balance of such net proceeds to the Depositor in accordance with instructions delivered by the Depositor. END OF ARTICLE IV