Allocations with Respect to the Series 2017-1 Notes. On the Series 2017-1 Closing Date, $5,365,000 of the net proceeds from the initial sale of the Series 2017-1 Notes will be deposited into the Senior Notes Interest Reserve Account and the remainder of the net proceeds from the sale of the Series 2017-1 Notes will be paid to, or at the direction of, the Co-Issuers.
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Allocations with Respect to the Series 2017-1 Notes. On the Series 2017-1 Closing Date, $5,365,000 5,550,000 of the net proceeds from the initial sale of the Series 2017-1 Notes will be deposited into the Senior Notes Interest Reserve Account and the remainder of the net proceeds from the sale of the Series 2017-1 Notes will be paid to, or at the direction of, the Co-IssuersMaster Issuer.
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