World Omni Auto Receivables Trust 2023-B
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Monthly Servicer Certificate
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June 30, 2024
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Dates Covered
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Collections Period
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06/01/24 - 06/30/24
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Interest Accrual Period
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06/17/24 - 07/14/24
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30/360 Days
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30
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Actual/360 Days
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28
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Distribution Date
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07/15/24
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Collateral Pool Balance Data
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$ Amount
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# of Accounts
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Pool Balance at 05/31/24
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625,870,135.18
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32,654
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Yield Supplement Overcollateralization Amount 05/31/24
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55,691,025.79
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0
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Receivables Balance 05/31/24
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681,561,160.97
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32,654
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Principal Payments
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25,137,356.72
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630
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Defaulted Receivables
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1,049,473.16
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36
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Repurchased Accounts
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0.00
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0
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Yield Supplement Overcollateralization Amount at 06/30/24
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52,831,298.73
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0
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Pool Balance at 06/30/24
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602,543,032.36
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31,988
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Pool Statistics
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$ Amount
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# of Accounts
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Pool Factor
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56.36
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%
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Prepayment ABS Speed
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1.42
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%
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Aggregate Starting Principal Balance
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1,162,826,061.02
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44,579
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Delinquent Receivables:
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Past Due 31-60 days
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9,065,586.74
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373
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Past Due 61-90 days
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3,425,043.75
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133
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Past Due 91-120 days
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587,279.83
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24
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Past Due 121+ days
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0.00
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0
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Total
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13,077,910.32
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530
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Total 31+ Delinquent as % Aggregate Ending Principal Balance
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2.00
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%
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Total 61+ Delinquent as % Aggregate Ending Principal Balance
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0.61
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%
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Delinquency Trigger Occurred
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NO
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Recoveries
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551,245.37
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Aggregate Net Losses/(Gains) - June 2024
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498,227.79
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Ratio of Net Loss/(Gain) to the Receivables Balance as of beginning of Collection Period (Annualized):
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Current Net Losses/(Gains) Ratio
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0.88
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%
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Prior Net Losses/(Gains) Ratio
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0.22
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%
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Second Prior Net Losses/(Gains) Ratio
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0.01
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%
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Third Prior Net Losses/(Gains) Ratio
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0.99
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%
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Four Month Average
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0.53
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%
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Cumulative Net Loss as a % of Aggregate Starting Principal Balance
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0.39
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%
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Overcollateralization Target Amount
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6,929,244.87
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Actual Overcollateralization
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6,929,244.87
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Weighted Average Contract Rate
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5.70
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%
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Weighted Average Contract Rate, Yield Adjusted
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10.38
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%
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Weighted Average Remaining Term
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47.95
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Flow of Funds
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$ Amount
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Collections
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28,732,300.43
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Investment Earnings on Cash Accounts
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15,909.35
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Servicing Fee
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(567,967.63
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Transfer to Collection Account
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-
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Available Funds
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28,180,242.15
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Distributions of Available Funds
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(1) Asset Representation Reviewer Amounts (up to $150,000 per year)
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-
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(2) Class A Interest
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2,329,822.42
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(3) Noteholders' First Priority Principal Distributable Amount
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-
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(4) Class B Interest
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127,914.25
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(5) Noteholders' Second Priority Principal Distributable Amount
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389,596.27
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(6) Class C Interest
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67,288.50
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(7) Noteholders' Third Priority Principal Distributable Amount
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15,740,000.00
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(8) Required Reserve Account
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-
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(9) Noteholders' Principal Distributable Amount
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6,929,244.87
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(10) Asset Representation Reviewer Amounts (in excess of 1)
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-
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(11) Distribution to Certificateholders
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2,596,375.84
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Total Distributions of Available Funds
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28,180,242.15
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Servicing Fee
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567,967.63
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Unpaid Servicing Fee
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-
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Change in amount of the unpaid servicing fee from the prior period
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-
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Distribution per $1,000 of Notes
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Total
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Total Interest Distribution Amount
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2.4190004
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Total Interest Carryover Shortfall
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0.0000000
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Total Principal Distribution Amount
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22.0906097
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Total Distribution Amount
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24.5096101
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A-1 Interest Distribution Amount
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0.0000000
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A-1 Interest Carryover Shortfall
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0.0000000
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A-1 Principal Distribution Amount
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0.0000000
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Total A-1 Distribution Amount
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0.0000000
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A-2a Interest Distribution Amount
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1.9972232
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A-2a Interest Carryover Shortfall
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0.0000000
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A-2a Principal Distribution Amount
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60.2058515
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Total A-2a Distribution Amount
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62.2030747
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A-2b Interest Distribution Amount
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2.1456497
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A-2b Interest Carryover Shortfall
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0.0000000
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A-2b Principal Distribution Amount
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60.2058516
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Total A-2b Distribution Amount
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62.3515013
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A-3 Interest Distribution Amount
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3.8833333
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A-3 Interest Carryover Shortfall
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0.0000000
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A-3 Principal Distribution Amount
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0.0000000
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Total A-3 Distribution Amount
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3.8833333
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A-4 Interest Distribution Amount
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3.9000000
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A-4 Interest Carryover Shortfall
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0.0000000
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A-4 Principal Distribution Amount
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0.0000000
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Total A-4 Distribution Amount
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3.9000000
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B Interest Distribution Amount
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4.0750000
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B Interest Carryover Shortfall
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0.0000000
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B Principal Distribution Amount
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0.0000000
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Total B Distribution Amount
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4.0750000
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C Interest Distribution Amount
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4.2750000
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C Interest Carryover Shortfall
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0.0000000
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C Principal Distribution Amount
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0.0000000
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Total C Distribution Amount
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4.2750000
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Noteholders' First Priority Principal Distributable Amount
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0.00
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Noteholders' Second Priority Principal Distributable Amount
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16.90
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Noteholders' Third Priority Principal Distributable Amount
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682.60
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Noteholders' Principal Distributable Amount
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300.50
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Account Balances
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$ Amount
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Reserve Account
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Balance as of 06/17/24
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2,616,119.83
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Investment Earnings
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11,276.31
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Investment Earnings Paid
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(11,276.31
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Deposit/(Withdrawal)
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-
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Balance as of 07/15/24
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2,616,119.83
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Change
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-
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Required Reserve Amount
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2,616,119.83
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Other Servicing Information
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Current Month
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Prior Month
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Two Months Prior
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Principal Balance of Receivables extended during the Collection Period
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$
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4,348,817.70
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$
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4,432,139.38
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$
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4,195,822.56
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Number of Extensions
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154
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152
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150
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Ratio of extensions to Beginning of Period Receivables Balance
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0.64
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%
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0.62
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%
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0.57
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%
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