Common use of Sale of Certificates Clause in Contracts

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXX, 180 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 (xx at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXXXxxxx LLP, 180 000 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 (xx or at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").. END OF ARTICLE IV

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXXLavan LLP, 180 Xxxxxx XxxxMaiden Lane, Xxx XxxxNew York, Xxx Xxxx 00000New York 10038-0000 4982 (xx or at such other location acceptable to the Sellerxxxxx locatxxx xxxxxxxxxx xx xxx Xxxxxx), the Seller will xxx Xxxxxx xxxx sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXXXxxxx, 180 Xxxxxx Xxxx0 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 00000 (xx or at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 Offered Class A 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXXXxxxx LLP, 180 000 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 00000 (xx or at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor pursuant to the Loan Sale Agreement and the Depositor will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Trustee, and the Trustee will deliver (i) to the UnderwritersUnderwriter, the Offered Class A 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 Underwriter shall direct, against payment of the purchase price thereof by wire transfer of immediately available funds to the Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXXXxxxx LLP, 180 000 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 (xx or at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXXXxxxx LLP, 180 000 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 (xx or at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 Offered Class A 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXX, 180 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 (xx at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 Offered Class A 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").

Sale of Certificates. At 11 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavax XXXLavan LLP, 180 Xxxxxx XxxxMaiden Lane, Xxx XxxxNew York, Xxx Xxxx 00000New York 10038-0000 4982 (xx or at such other location acceptable to the Sellerxxxxx locatxxx xxxxxxxxxx xx xxx Xxxxxx), the Seller will xxx Xxxxxx xxxx sell and convey the Initial Home Equity Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial 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 Offered Class A 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 Trustee and (ii) to the respective registered owners thereof, Class R Certificates with a Percentage Interest equal to 99.999%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to 0.001%, registered in the name of the Tax Matters Person (all such events shall be referred to herein as the "Closing").