Common use of Allocations of Net Proceeds with Respect to the Series 2024-1 Notes Clause in Contracts

Allocations of Net Proceeds with Respect to the Series 2024-1 Notes. The Series 2024-1 Notes will be the only Series of Notes to be issued by the Issuer pursuant to this Series 2024-1 Supplement or the Base Indenture. On the Series 2024-1 Closing Date, the Issuer will issue the Series 2024-1 Notes pursuant to the Base Indenture and this Series 2024-1 Supplement and will make a distribution of the net proceeds of the issuance and sale of the Series 2024-1 Notes to the Manager, which intends to apply such net proceeds to, among other things, to (i) fund the Reserve Account in an amount equal to $7,771,548, (ii) pay fees and expenses related to the offering of the Series 2024-1 Notes, (iii) satisfy and discharge the obligations of the Issuer under the Previous Indenture, and (iv) fund the Permitted Uses Account in an amount equal to all net proceeds remaining after giving effect to clauses (i) through (iii).