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 & ▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (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 & ▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (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 10 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavan LLP, 180 Maiden Lane, New York, New York 10038 (▇▇ ▇▇ such ▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (or at such other location acceptable to the Sellerr), 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 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 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%, Class X-A, Class X-F, Class B-IOA, Class B-IOF, Class P-A and Class P-F Certificates with an aggregate Percentage Interest in each Class equal to 100%, registered in the name of the initial purchasers thereof and a Class R Certificate Certificates 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 & ▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (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 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 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)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 11:00 a.m. New York City time on the Startup Day, at the offices of Stroock & Stroock & Lavan LLP, 180 Maiden Lane, New York, New York 10038 (or at suc▇ ▇▇▇▇▇ LLP, ▇▇▇ ▇er loc▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇), ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (or at such other location acceptable to er and the Seller), the Conduit 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, Trustee and the Trustee will deliver (i) to the Underwriter Underwriters (as designee of the Depositor), 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 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, the Seller and the Conduit Seller), Class R Certificates with registered in the name of CHEC Residual Corporation, a Percentage Interest equal to _______%Nevada corporation, and the Class X-IO Certificates, registered in the name of the initial purchasers thereof and CHEC Residual Corporation, a Class R Certificate with a Percentage Interest equal to _____%, registered in the name of the Tax Matters Person Nevada corporation (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 & ▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (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 Depositor will cause the Certificate Insurance Policy to be delivered 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 thereof, a Class R Certificate with a Percentage Interest equal to _____0.001%, registered in the name of the Tax Matters Person and the Class X-IO Certificates, registered in the name of the initial purchasers thereof (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 & ▇▇▇▇▇ LLP▇, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ (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").