Common use of Use of Proceeds of Notes Clause in Contracts

Use of Proceeds of Notes. The Issuer shall use the proceeds of Notes solely for one or more of the following purposes: (a) to pay amortizing Group I Notes when due or to prepay Group I Notes, in accordance with this Indenture and any Series Supplement; (b) to acquire Eligible Vehicles in accordance with the Lease; (c) to refinance Eligible Receivables; (d) to make loans pursuant to the Subordinated Note in accordance with Section 8.23; or (e) any other purpose permitted under the related Series Supplement.

Use of Proceeds of Notes. The Issuer shall use the proceeds of Notes solely for one or more of the following purposes: (a) to pay amortizing Group I Notes when due or to prepay Group I Notes, in accordance with this Indenture and any Series Supplement; (b) to acquire Eligible Vehicles in accordance with the Lease; (c) to refinance Eligible Receivables; or (d) to make loans pursuant to the Subordinated Note in accordance with Section 8.23; 8.23 or (ed) any other purpose permitted under the related Series Supplement.