Common use of General Provisions Regarding Accounts Clause in Contracts

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 Exchange Note Collections Account and all investment earnings on the 2017-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment held in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172015-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172015-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172015-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172015-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172015-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172015-3 Exchange Note Collections Account and all investment earnings on the 20172015-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172015-3 Permitted Investment held in the 20172015-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172015-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172015-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172015-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172021-3 2 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172021-3 2 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172021-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172021-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172021-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172021-3 2 Exchange Note Collections Account and all investment earnings on the 20172021-3 2 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172021-3 2 Permitted Investment held in the 20172021-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172021-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172021-3 2 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172021-3 2 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172018-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172018-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172018-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172018-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172018-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172018-3 Exchange Note Collections Account and all investment earnings on the 20172018-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172018-3 Permitted Investment held in the 20172018-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172018-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172018-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172018-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 2 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 2 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 2 Exchange Note Collections Account and all investment earnings on the 2017-3 2 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 2 Permitted Investment held in the 2017-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 2017-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 2 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 2 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172021-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172021-3 1 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172021-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172021-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172021-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172021-3 1 Exchange Note Collections Account and all investment earnings on the 20172021-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172021-3 1 Permitted Investment held in the 20172021-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172021-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172021-3 1 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172021-3 1 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account [, the Swap Termination Account] [, the Pre-Funding Account] [, the Revolving Account] and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 20 - Exchange Note Collections Account and all investment earnings on the 2017-3 20 - Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, Certificateholder will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment held in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172015-3 2 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172015-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172015-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172015-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172015-3 2 Exchange Note Collections Account and all investment earnings on the 20172015-3 2 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment held in the 20172015-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172015-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 1 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 1 Exchange Note Collections Account and all investment earnings on the 2017-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 1 Permitted Investment held in the 2017-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 2017-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 1 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 1 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172020-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172020-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172020-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172020-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172020-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172020-3 Exchange Note Collections Account and all investment earnings on the 20172020-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172020-3 Permitted Investment held in the 20172020-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172020-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172020-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172020-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172019-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172019-3 1 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172019-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172019-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172019-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172019-3 1 Exchange Note Collections Account and all investment earnings on the 20172019-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172019-3 1 Permitted Investment held in the 20172019-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172019-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172019-3 1 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172019-3 1 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172019-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172019-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172019-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172019-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172019-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172019-3 Exchange Note Collections Account and all investment earnings on the 20172019-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172019-3 Permitted Investment held in the 20172019-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172019-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172019-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172019-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172016-3 2 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172016-3 2 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172016-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172016-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172016-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172016-3 2 Exchange Note Collections Account and all investment earnings on the 20172016-3 2 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172016-3 2 Permitted Investment held in the 20172016-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172016-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172016-3 2 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172016-3 2 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172018-3 2 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172018-3 2 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172018-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172018-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172018-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172018-3 2 Exchange Note Collections Account and all investment earnings on the 20172018-3 2 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172018-3 2 Permitted Investment held in the 20172018-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172018-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172018-3 2 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172018-3 2 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172021-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172021-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172021-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172021-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172021-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172021-3 Exchange Note Collections Account and all investment earnings on the 20172021-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172021-3 Permitted Investment held in the 20172021-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172021-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172021-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172021-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172019-3 2 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172019-3 2 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172019-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172019-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172019-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172019-3 2 Exchange Note Collections Account and all investment earnings on the 20172019-3 2 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172019-3 2 Permitted Investment held in the 20172019-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172019-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172019-3 2 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172019-3 2 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172016-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172016-3 1 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172016-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172016-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172016-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172016-3 1 Exchange Note Collections Account and all investment earnings on the 20172016-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172016-3 1 Permitted Investment held in the 20172016-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172016-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172016-3 1 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172016-3 1 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172015-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172015-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172015-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172015-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172015-3 1 Exchange Note Collections Account and all investment earnings on the 20172015-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, Certificateholder will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment held in the 20172015-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172015-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172020-3 2 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172020-3 2 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172020-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172020-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172020-3 2 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172020-3 2 Exchange Note Collections Account and all investment earnings on the 20172020-3 2 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172020-3 2 Permitted Investment held in the 20172020-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172020-3 2 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172020-3 2 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172020-3 2 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172020-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172020-3 1 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172020-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172020-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172020-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172020-3 1 Exchange Note Collections Account and all investment earnings on the 20172020-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172020-3 1 Permitted Investment held in the 20172020-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172020-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172020-3 1 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172020-3 1 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172018-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172018-3 1 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172018-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172018-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172018-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172018-3 1 Exchange Note Collections Account and all investment earnings on the 20172018-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172018-3 1 Permitted Investment held in the 20172018-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172018-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172018-3 1 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172018-3 1 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172016-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172016-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172016-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172016-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172016-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172016-3 Exchange Note Collections Account and all investment earnings on the 20172016-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172016-3 Permitted Investment held in the 20172016-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172016-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172016-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172016-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Default or Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account Trust Accounts shall be invested in Permitted Investments and reinvested by the Indenture Trustee at the direction of Empire Funding or, in the case of the Note Payment Account, the Master Servicer in 2017-3 Permitted Investments that mature no later than accordance with the Business Day prior to provisions of ARTICLE V of the next Payment Date in the Collection Period following the Collection Period during which the investment is madeSale and Servicing Agreement. All income or other gain from investments of monies moneys deposited in the 2017-3 Exchange Trust Accounts shall be deposited by the Indenture Trustee into the Note Collections Payment Account and any such income or gain in respect of the Collection Account shall, on each Payment Date, be treated as a distribution in respect of the Grantor Trust Certificate and shall be distributed to Empire Subservicer, if acting as Subservicer, as part of the Empire Subservicing Compensation, otherwise to the Servicer as part of the Servicing Compensation, in each case pursuant to SECTION 5.01(C) of the Sale and Servicing Agreement and any such income or gain in respect of the Note Payment Account shall, on each Payment Date, be distributed to the Master Servicer as part of the Master Servicing Compensation pursuant to SECTION 5.01(C) of the Sale and Servicing Agreement. If any losses are realized in connection with any investment in the Collection Account, Empire Subservicer, if acting as Subservicer, otherwise the Servicer, in each case pursuant to SECTION 5.01(B)(I) of the Sale and Servicing Agreement, shall deposit the amount of such losses into the Collection Account immediately upon the realization of such loss. If any losses are realized in connection with any investment in the Note Payment Account, the Master Servicer shall remit to the Indenture Collections Trustee the amount of such losses for deposit into the Note Payment Account pursuant to SECTION 5.01(B)(II) of the Sale and Servicing Agreement immediately upon the realization of such loss. An losses realized with respect to investments in any other Trust Account (other than the Collection Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 Exchange Note Collections Payment Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments ) shall be charged to 2017-3 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 Exchange Note Collections Account and all investment earnings on the 2017-3 Exchange Note Collections Account will be taxable to the Titling Trustsuch account. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of not direct the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment investment held in any of the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account Trust Accounts unless the security interest Granted and perfected in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account such account will continue to be perfected in such 2017-3 Permitted Investment investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by , and, in connection with any direction to the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 Permitted Investment shall be sold prior Indenture Trustee to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each make any such investment or sale, if requested by the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by , the Issuer shall deliver to the Indenture Trustee hereunderan Opinion of Counsel, and acceptable to the Indenture Trustee shall make availableTrustee, upon request and in lieu of notifications, periodic account statements that reflect to such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such periodeffect.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account [, the Swap Termination Account] and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 20 - Exchange Note Collections Account and all investment earnings on the 2017-3 20 - Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, Certificateholder will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment held in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account [, the Swap Termination Account] [, the Pre-Funding Account] [, the Revolving Account] and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 20 - Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 20 - Exchange Note Collections Account and all investment earnings on the 2017-3 20 - Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, Certificateholder will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 20 - Permitted Investment held in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 2017-3 20 - Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 20 - Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 20 - Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Default or Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 Exchange Note Collections Collection Account, the Indenture Collections Pre-Funding Account, the Note Payment Payahead Account, the Reserve Account, the Supplemental Reserve Account, the Negative Carry Account and the Reserve Yield Supplement Account shall be invested by the Indenture Trustee at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than as provided in Sections 4.1, 4.7 and 5.1 of the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is madeSale and Servicing Agreement. All income or other gain (net of losses and investment expenses) from investments of monies deposited in the 2017-3 Exchange Note Collections Collection Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017Pre-3 Exchange Note Collections Funding Account, the Indenture Collections Account or Payahead Account, the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 Exchange Note Collections Supplemental Reserve Account, the Negative Carry Account and the Yield Supplement Account shall be withdrawn by the Indenture Collections Account or Trustee from such accounts and distributed (but only under the circumstances set forth in the Sale and Servicing Agreement in the case of the Pre-Funding Account, the Reserve Account, the Supplemental Reserve Account, the Negative Carry Account and the Yield Supplement Account) as applicableprovided in Sections 4.1, 4.7, 4.8, 4.9 and 5.1 of the Sale and Servicing Agreement. The Titling Trust will be the tax owner of the 2017-3 Exchange Note Collections Account and all investment earnings on the 2017-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of Servicer shall not direct the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment investment held in any of the 2017-3 Exchange Note Collections Trust Accounts, the Reserve Account, the Indenture Collections Supplemental Reserve Account, the Negative Carry Account and or the Reserve Yield Supplement Account unless the security interest Granted and perfected in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account such account will continue to be perfected in such 2017-3 Permitted Investment investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed , and, in connection with any direction to the Indenture Trustee to make any such investment or sale, if requested by the Note Purchaser after Indenture Trustee, the occurrence Issuer shall deliver to the Indenture Trustee an Opinion of Counsel, acceptable to the Indenture Trustee, to such effect. (b) Subject to Section 6.1(c), the Indenture Trustee shall not in any way be held liable by reason of any insufficiency in any of the Trust Accounts, the Reserve Account, the Supplemental Reserve Account, the Negative Carry Account or the Yield Supplement Account resulting from any loss on any Permitted Investment included therein, except for losses attributable to the Indenture Trustee's failure to make payments on such Permitted Investments issued by the Indenture Trustee, in its commercial capacity as principal obligor and during not as trustee, in accordance with their terms. (c) If (i) the continuance Servicer shall have failed to give investment directions for any funds on deposit in the Collection Account, the Pre-Funding Account, the Payahead Account, the Reserve Account, the Supplemental Reserve Account, the Negative Carry Account or the Yield Supplement Account to the Indenture Trustee by 11:00 a.m., New York Time (or such other time as may be agreed by the Issuer and Indenture Trustee), on the Business Day preceding each Payment Date, (ii) to the knowledge of a Responsible Officer of the Indenture Trustee, a Default or Event of Default shall have occurred and be continuing with respect to the Notes but the Notes shall not have been declared due and payable pursuant to Section 5.2 or (iii) if such Notes shall have been declared due and payable following an Event of Default, no amounts collected or receivable from the Trust Estate are being applied in accordance with Section 5.4 as if there had not been such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional costa declaration, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by then the Indenture Trustee hereundershall, to the fullest extent practicable, invest and reinvest funds in such Trust Accounts, the Indenture Trustee shall make availableReserve Account, upon request and the Supplemental Reserve Account, the Negative Carry Account or the Yield Supplement Account, as the case may be, in lieu of notifications, periodic account statements that reflect such investment activityone or more Permitted Investments as set forth in Schedule I hereto. No statement need be made available if no activity has occurred in the relevant Account during such period.SECTION 8.4

General Provisions Regarding Accounts. (a) So long as no Default or Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 Exchange Note Collections Collection Account, the Indenture Collections Pre-Funding Account, the Note Payment Payahead Account, the Reserve Account, the Supplemental Reserve Account, the Negative Carry Account and the Reserve Yield Supplement Account shall be invested by the Indenture Trustee at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than as provided in Sections 4.1, 4.7 and 5.1 of the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is madeSale and Servicing Agreement. All income or other gain (net of losses and investment expenses) from investments of monies deposited in the 2017-3 Exchange Note Collections Collection Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017Pre-3 Exchange Note Collections Funding Account, the Indenture Collections Account or Payahead Account, the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 Exchange Note Collections Supplemental Reserve Account, the Negative Carry Account and the Yield Supplement Account shall be withdrawn by the Indenture Collections Account or Trustee from such accounts and distributed (but only under the circumstances set forth in the Sale and Servicing Agreement in the case of the Pre-Funding Account, the Reserve Account, the Supplemental Reserve Account, the Negative Carry Account and the Yield Supplement Account) as applicableprovided in Sections 4.1, 4.7, 4.8, 4.9 and 5.1 of the Sale and Servicing Agreement. The Titling Trust will be the tax owner of the 2017-3 Exchange Note Collections Account and all investment earnings on the 2017-3 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of Servicer shall not direct the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment investment held in any of the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account Trust Accounts unless the security interest Granted and perfected in the 2017-3 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account such account will continue to be perfected in such 2017-3 Permitted Investment investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed , and, in connection with any direction to the Indenture Trustee to make any such investment or sale, if requested by the Note Purchaser after Indenture Trustee, the occurrence Issuer shall deliver to the Indenture Trustee an Opinion of Counsel, acceptable to the Indenture Trustee, to such effect. (b) Subject to Section 6.1(c), the Indenture Trustee shall not in any way be held liable by reason of any insufficiency in any of the Trust Accounts resulting from any loss on any Permitted Investment included therein, except for losses attributable to the Indenture Trustee's failure to make payments on such Permitted Investments issued by the Indenture Trustee, in its commercial capacity as principal obligor and during not as trustee, in accordance with their terms. (c) If (i) the continuance Servicer shall have failed to give investment directions for any funds on deposit in the Collection Account, the Pre-Funding Account, the Payahead Account, the Reserve Account, the Supplemental Reserve Account, the Negative Carry Account or the Yield Supplement Account to the Indenture Trustee by 11:00 a.m., New York Time (or such other time as may be agreed by the Issuer and Indenture Trustee), on the Business Day preceding each Payment Date, (ii) to the knowledge of a Responsible Officer of the Indenture Trustee, a Default or Event of Default shall have occurred and be continuing with respect to the Notes but the Notes shall not have been declared due and payable pursuant to Section 5.2 or (iii) if such Notes shall have been declared due and payable following an Event of Default, no amounts collected or receivable from the Trust Estate are being applied in accordance with Section 5.4 as if there had not been such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional costa declaration, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by then the Indenture Trustee hereundershall, to the fullest extent practicable, invest and the Indenture Trustee shall make available, upon request and reinvest funds in lieu of notifications, periodic account statements that reflect such investment activityTrust Accounts in one or more Permitted Investments as set forth in Schedule I hereto. No statement need be made available if no activity has occurred in the relevant Account during such period.SECTION 8.4

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172022-3 1 Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 20172022-3 1 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 20172022-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172022-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 20172022-3 1 Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172022-3 1 Exchange Note Collections Account and all investment earnings on the 20172022-3 1 Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 20172022-3 1 Permitted Investment held in the 20172022-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172022-3 1 Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 20172022-3 1 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 20172022-3 1 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 2017-3 20__-_ Exchange Note Collections Account, the Indenture Collections Account, the Note Payment Account [, the Swap Termination Account] [, the Pre-Funding Account] [, the Revolving Account] and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 20__-_ Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 20__-_ Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 2017-3 20__-_ Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017-3 20__-_ Exchange Note Collections Account, the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 2017-3 20__-_ Exchange Note Collections Account and all investment earnings on the 2017-3 20__-_ Exchange Note Collections Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, Certificateholder will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 20__-_ Permitted Investment held in the 2017-3 20__-_ Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 2017-3 20__-_ Exchange Note Collections Account, the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 20__-_ Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser after the occurrence and during the continuance of an Event of Default, no such 2017-3 20__-_ Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.

General Provisions Regarding Accounts. (a) So long as no Event of Default shall have occurred and be continuing, all or a portion of the funds in the 20172011-3 A Exchange Note Collections Account, Collection and the Indenture Collections Account, the Note Payment Account and the Reserve Account shall be invested at the direction of the Servicer in 2017-3 Permitted Investments that mature no later than the Business Day prior to the next Payment Date in the Collection Period following the Collection Period during which the investment is made. All income or other gain from investments of monies deposited in the 2017-3 2011­A Exchange Note Collections Account, Collection Account and the Indenture Collections Account and the Reserve Account during a Collection Period shall be deposited into the 20172011-3 A Exchange Note Collections Account, Collection Account or the Indenture Collections Account or the Reserve Account, as applicable, on the related Payment Date, and any loss resulting from such investments shall be charged to 2017the 2011-3 A Exchange Note Collections Account, Collection Account or the Indenture Collections Account or the Reserve Account, as applicable. The Titling Trust will be the tax owner of the 20172011-3 A Exchange Note Collections Collection Account and all investment earnings on the 20172011-3 A Exchange Note Collections Collection Account will be taxable to the Titling Trust. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder will be the tax owner of the Indenture Collections Account and all investment earnings on the Indenture Collections Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Issuer or, if there is a single Issuer Trust Certificateholder, such Issuer Trust Certificateholder, will be the tax owner of the Reserve Account and all investment earnings on the Reserve Account will be taxable to the Issuer or such Issuer Trust Certificateholder, as the case may be. The Indenture Trustee will not be directed to make any investment of any funds or to sell any 2017-3 Permitted Investment held in the 20172011-3 A Exchange Note Collections Account, Collection Account and the Indenture Collections Account and the Reserve Account unless the security interest Granted and perfected in the 20172011-3 A Exchange Note Collections Account, Collection Account and the Indenture Collections Account and the Reserve Account will continue to be perfected in such 2017-3 Permitted Investment or the proceeds of such sale, in either case without any further action by any Person. Except as directed by the Note Purchaser Required Noteholders after the occurrence and during the continuance of an Event of Default, no such 2017-3 Permitted Investment shall be sold prior to maturity. The Servicer acknowledges that upon its written request and at no additional cost, it has the right to receive notification after the completion of each such investment or the Indenture Trustee’s receipt of a broker’s confirmation. The Servicer agrees that such notifications will not be provided by the Indenture Trustee hereunder, and the Indenture Trustee shall make available, upon request and in lieu of notifications, periodic account statements that reflect such investment activity. No statement need be made available if no activity has occurred in the relevant Account during such period.