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, at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or at such other location acceptable to the Seller), the Seller and the Conduit 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 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 (as designee of the Depositor), the Offered Certificates (other than the Class M-10 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 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 M-10 Certificates registered in the name of Cede & Co. or in such other name as CHEC Residual, LLC, a Delaware limited liability company shall direct for the account of CHEC Residual, LLC as beneficial owner. Class R Certificates registered in the name of CHEC Residual, LLC, a Delaware limited liability company, and the Class X-IO Certificates, registered in the name of CHEC Residual, LLC, a Delaware limited liability company (all such events shall be referred to herein as the “Closing”).

Sale of Certificates. At 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 such othe▇ ▇▇▇ation ▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇), ▇▇▇ ▇▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or at such other location acceptable to the Seller), the Seller and the Conduit Seller 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 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 (as designee of the Depositor), the Offered Certificates (other than the Class M-10 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 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 SellerSellers), Class M-10 Certificates registered in the name of Cede & Co. or in such other name as CHEC Residual, LLC, a Delaware limited liability company shall direct for the account of CHEC Residual, LLC as beneficial owner. Class R Certificates registered in the name of CHEC Residual, LLC, a Delaware limited liability company, and the Class X-IO Certificates, registered in the name of CHEC Residual, LLC, a Delaware limited liability company (all such events shall be referred to herein as the “"Closing”").. END OF ARTICLE IV

Sale of Certificates. At 11:00 a.m. New York City time on the Startup Day, at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or at such other location acceptable to the Seller), the Seller and the Conduit 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 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 (as designee of the Depositor), the Offered Certificates (other than the Class M-10 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 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 Depositor and the Conduit Seller), a certain Percentage Interest of the Class M-10 Certificates registered in the name of Cede & Co. or in such other name as CHEC Residual, LLCNationstar Mortgage, a Delaware limited liability company shall direct for certain Percentage Interest of the account Class M-10 Certificates registered in the name of CHEC Residualthe Conduit Seller, LLC as beneficial owner. the Class R Certificates registered in the name of CHEC Residual, Nationstar Residual LLC, a Delaware limited liability company, and the Class X-IO Certificates, registered in the name of CHEC ResidualNationstar Residual LLC, a Delaware limited liability company, and the Class P Certificates, registered in the name of Nationstar Residual LLC, a Delaware limited liability company (all such events shall be referred to herein as the “Closing”).

Sale of Certificates. At 11:00 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 and the Conduit 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 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 Offered Class A Certificates (other than the Class M-10 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 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 M-10 R Certificates with a Percentage Interest equal to 99.999%, registered in the name of Cede & Co. or in such other name as CHEC Residual, LLCthe initial purchasers thereof, a Delaware limited liability company shall direct for the account of CHEC Residual, LLC as beneficial owner. Class R Certificates Certificate with a Percentage Interest equal to 0.001%, registered in the name of CHEC Residual, LLC, a Delaware limited liability company, the Tax Matters Person and the Class X-IO Certificates, registered in the name of CHEC Residual, LLC, a Delaware limited liability company the initial purchasers thereof (all such events shall be referred to herein as the “"Closing”").

Sale of Certificates. At 11:00 a.m. New York City time on the Startup Day, at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or at such other location acceptable to the Seller), the Seller and the Conduit 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 convey the Home Equity Loans and the money, instruments and other property related thereto to the Trustee and the Trustee Securities Administrator, on behalf of the Trustee, will deliver (i) to the Underwriters (as designee of the Depositor), the Offered Certificates (other than the Class M-10 CertificatesM-7B, Class M-8 and Class M-9B) 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 to the Depositor of the purchase price thereof by wire transfer of immediately available funds to the Trustee Securities Administrator as designee of the Depositor and (ii) to the respective registered owners thereof (as designees of the Depositor, the Seller Depositor and the Conduit Seller), the Class M-10 M-7B, Class M-8 and Class M-9B Certificates registered in the name of Cede & Co. or in such other name as CHEC ResidualCo., LLC, a Delaware limited liability company shall direct for the account of CHEC Residual, LLC as beneficial owner. Class R Certificates registered in the name of CHEC Residual, Nationstar Residual LLC, a Delaware limited liability company, and the Class X-IO Certificates, registered in the name of CHEC ResidualNationstar Residual LLC, a Delaware limited liability company, and the Class P Certificates, registered in the name of Nationstar Residual LLC, a Delaware limited liability company (all such events shall be referred to herein as the “Closing”).

Sale of Certificates. At 11:00 a.m. New York City time on the Startup Day, at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or at such other location acceptable to the Seller), the Seller and the Conduit 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 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 (as designee of the Depositor), the Offered Certificates (other than the Class M-10 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 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 M-10 Certificates registered in the name of Cede & Co. or in such other name as CHEC Residual, LLC, a Delaware limited liability company shall direct for the account of CHEC Residual, LLC as beneficial owner. , Class P Certificates, registered in the name of Nationstar Mortgage LLC, as beneficial owner, Class R Certificates registered in the name of CHEC Residual, LLC, a Delaware limited liability company, and the Class X-IO Certificates, registered in the name of CHEC Residual, LLC, a Delaware limited liability company (all such events shall be referred to herein as the “Closing”).

Sale of Certificates. At 11:00 a.m. New York City time on the Startup Day, at the offices of ▇▇▇▇▇ ▇▇▇▇▇▇ LLP, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ (or at such other location acceptable to the Seller), the Seller and the Conduit 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 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 (as designee of the Depositor), the Offered Certificates (other than the Class M-10 M-8 and Class M-9 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 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 Depositor and the Conduit Seller), the Class M-10 M-8 Certificates registered in the name of Cede & Co. or Co., the Class M-9 Certificates registered in such other the name as CHEC Residualof Cede & Co., LLC, a Delaware limited liability company shall direct for the account of CHEC Residual, LLC as beneficial owner. Class R Certificates registered in the name of CHEC Residual, Nationstar Residual LLC, a Delaware limited liability company, and the Class X-IO Certificates, registered in the name of CHEC ResidualNationstar Residual LLC, a Delaware limited liability company, and the Class P Certificates, registered in the name of Nationstar Residual LLC, a Delaware limited liability company (all such events shall be referred to herein as the “Closing”).