Exhibit 4.2
March 4, 1999
Bear, Xxxxxxx & Co. Inc.
as Representative of the Several Underwriters
000 Xxxx Xxxxxx, 0xx Xxxxx
Xxx Xxxx, XX 00000
Ladies and Gentlemen:
Reference is made to the Underwriting Agreement (the "Underwriting
Agreement") dated as of February 24, 1999, among ContiSecurities Asset Funding
Corp., ContiMortgage Corporation, ContiWest Corporation and Bear, Xxxxxxx & Co.
Inc., as representative of the Several Underwriters. Capitalized terms used
herein and not otherwise defined shall have the meanings set forth in the
Underwriting Agreement.
This letter shall constitute the Pricing Letter referred to in Section
II of the Underwriting Agreement and shall be deemed to be incorporated by
reference as part of Schedule A thereto.
The parties hereto agree on the following purchase price for the Class
B Certificates:
Class B Certificates
Underwriting
Underwriter Principal Amount Price to Public Discount Purchase Price
----------- ---------------- --------------- ------------ --------------
Bear, Xxxxxxx & Co. Inc. $6,500,000 90.27770% 0.800% 89.47770%
Credit Suisse First Boston Corporation $6,500,000 90.27770% 0.800% 89.47770%
Greenwich Capital Markets, Inc. $6,500,000 90.27770% 0.800% 89.47770%
Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx $6,500,000 90.27770% 0.800% 89.47770%
Incorporated
PaineWebber Incorporated $6,500,000 90.27770% 0.800% 89.47770%
If the foregoing correctly sets forth the agreement between the
Depositor and the Underwriters, please indicate your acceptance in the space
provided for the purpose below.
Very truly yours,
CONTISECURITIES ASSET FUNDING CORP.
By: /s/ Xxxx Xxxx
----------------------------
Name: Xxxx Xxxx
Title: Authorized Signatory
By: /s/ Xxxx Xxxxxxxx
----------------------------
Name: Xxxx Xxxxxxxx
Title: Authorized Signatory
CONFIRMED AND ACCEPTED, as of the date first above written:
BEAR, XXXXXXX & CO. INC.
Acting on its own behalf and as
Representative of the Several Underwriters
referred to in the Underwriting Agreement
By: /s/ Xxxxxx X. Xxxxxxx
---------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Managing Director
CONTIMORTGAGE CORPORATION CONTIWEST CORPORATION
By: /s/ Xxxxxxxx X. Xxxxx By: /s/ Xxx Xxxxxxx
--------------------------- -----------------------------
Name: Xxxxxxxx X. Xxxxx Name: Xxx Xxxxxxx
Title: Senior Vice President Title: Vice President
By: /s/ Xxxxxx Xxxxx By: /s/ Xxxx Xxxx
--------------------------- -----------------------------
Name: Xxxxxx Xxxxx Name: Xxxx Xxxx
Title: Senior Vice President Title: Assistant Secretary
