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 ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ 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 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; (ii) to the purchaser designated by the Depositor, the Class B Certificates with an aggregate Percentage Interest in such Class equal to 100%, registered in such name or names as the Depositor shall direct; and (iii) to the respective registered Owners thereof, a Class R Certificate, with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation and a Class R Certificate, 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 11 a.m. New York City time on the Startup Day (the "Closing"), at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ LLP▇, 1301 Sixth AvenueAvenue of the Americas, 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 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, and (ii) to the purchaser designated by the Depositorrespective registered owners thereof, the a Class B Certificates B-IO Certificate with an aggregate a Percentage Interest in such Class equal to 100%, registered in such the name or names as the Depositor shall direct; and (iii) to the respective registered Owners thereofof ContiSecurities Asset Funding II, L.L.C., a Class R Certificate, Certificate with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation Asset Funding II, L.L.C. and a Class R Certificate, Certificate 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 Class A 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"), at the offices of Dewey Ballantine, 1301 Avenue of the Americas, New York, New York (or ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ LLP, 1301 Sixth Avenue, New York, New York (or at such other location ocation 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 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; Trustee and (ii) to the purchaser designated by the Depositor, the Class B Certificates with an aggregate Percentage Interest in such Class equal to 100%, registered in such name or names as the Depositor shall direct; and (iii) to the respective registered Owners thereof, a Class C Certificate with a Percentage Interest equal to 100%, registered in the name of ContiSecurities Asset Funding II, L.L.C., a Class R Certificate, Certificate with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation Asset Funding II, L.L.C. and a Class R Certificate, Certificate 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"), at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ LLP▇, 1301 Sixth AvenueAvenue of the Americas, 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 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; Trustee, (ii) to the purchaser designated by the Depositorrespective registered Owners thereof, the a Class B Certificates A-11IO Certificate with an aggregate a Percentage Interest in such Class equal to 100%, % registered in such the name or names as the Depositor shall direct; of ContiSecurities Asset Funding II, L.L.C. and (iii) to the respective registered Owners thereof, a Class C Certificate with a Percentage Interest equal to 100%, registered in the name of ContiSecurities Asset Funding II, L.L.C., a Class R Certificate, Certificate with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation Asset Funding II, L.L.C. and a Class R Certificate, Certificate 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"), at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ LLP▇, 1301 Sixth AvenueAvenue of the Americas, 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 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; Trustee, and (ii) to the purchaser designated by the Depositorrespective registered owners thereof, the a Class B Certificates C Certificate with an aggregate a Percentage Interest in such Class equal to 100%, registered in such the name or names as the Depositor shall direct; and (iii) to the respective registered Owners thereofof ContiSecurities Asset Funding II, L.L.C., a Class R Certificate, Certificate with a Percentage Interest equal to 99.999%, registered in the name of ContiSecurities Holding Corporation Asset Funding II, L.L.C. and a Class R Certificate, Certificate 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 Offered 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