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 & Xxxxx LLP, 000 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 (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 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 Underwriter (as designee of the Depositor), the 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 Underwriter shall direct, against payment to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trustee as designee of the Depositor and (ii) to the respective registered owners thereof (as designees of the Depositor), Class R Certificates with a Percentage Interest equal to _______%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to _____%, 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 & Xxxxx LLP, 000 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 (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 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 Underwriter (as designee of the Depositor), the 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 Underwriter shall direct, against payment to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trustee as designee of the Depositor and (ii) to the respective registered owners thereof (as designees of the Depositor), 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 & Xxxxx LLPXxxxx, 000 Xxxxxx Xxxx0 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 00000 (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 Underwriter (as designee of the Depositor)Underwriters, the 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 Underwriter Underwriters shall direct, against payment to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trustee as designee of Trustee, (ii) to the Depositor initial purchasers thereof, Class S Certificates with a cumulative Percentage Interest equal to 100% and (iiiii) to the respective registered owners thereof (as designees of the Depositor)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 10:00 a.m. New York City time on the Startup DayDay (the "Closing"), at the offices of Stroock Xxxxxxxx & Stroock & Xxxxxx L.L.P., 0000 Xxxxx LLPXxxxxx, 000 Xxxxxx Xxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 Xxxxxxxx (or at such other location acceptable to the Seller), the Seller will sell and convey the Initial Home Equity Mortgage Loans and the money, instruments and other property related thereto to the Depositor and the Depositor will sell and convey the Initial Home Equity Mortgage Loans and the money, instruments and other property related thereto to the Trustee, and in payment therefor, the Trustee will deliver (i) to the Underwriter (as designee of the Depositor), Depositor the Class A 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 Underwriter Underwriters shall directdirect and (ii) to the respective registered owners thereof, a Class R Certificate with a Percentage Interest equal to 99.999%, registered in the name of the Seller, and a Class R Certificate with a Percentage Interest equal to .001%, registered in the name of the Trustee. The Depositor will deliver to the Underwriters the Class A Certificates against payment to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trustee as designee of the Depositor and (ii) to the respective registered owners thereof (as designees of the Depositor), Class R Certificates with a Percentage Interest equal to _______%, registered in the name of the initial purchasers thereof and a Class R Certificate with a Percentage Interest equal to _____%, 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 Xxxxx & Stroock & Xxxxx Xxxx LLP, 000 Xxxxxx XxxxXxx Xxxxx Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000-0000 00000 (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 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 Underwriter Underwriters (as designee of the Depositor), the 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 Underwriter Underwriters shall direct, against payment to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trustee as designee of the Depositor and (ii) to the respective registered owners thereof (as designees of the Depositor), 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").