World Omni Auto Receivables Trust 2022-A
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Monthly Servicer Certificate
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May 31, 2024
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Dates Covered
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Collections Period
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05/01/24 - 05/31/24
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Interest Accrual Period
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05/15/24 - 06/16/24
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30/360 Days
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30
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Actual/360 Days
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33
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Distribution Date
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06/17/24
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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 04/30/24
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328,003,793.46
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19,617
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Yield Supplement Overcollateralization Amount 04/30/24
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7,255,154.66
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0
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Receivables Balance 04/30/24
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335,258,948.12
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19,617
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Principal Payments
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14,537,955.63
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395
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Defaulted Receivables
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416,411.45
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18
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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 05/31/24
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6,745,885.35
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0
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Pool Balance at 05/31/24
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313,558,695.69
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19,204
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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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33.22
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%
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Prepayment ABS Speed
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1.21
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%
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Aggregate Starting Principal Balance
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964,210,703.53
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37,826
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Delinquent Receivables:
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Past Due 31-60 days
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7,138,095.62
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303
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Past Due 61-90 days
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1,793,183.63
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76
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Past Due 91-120 days
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457,111.67
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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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9,388,390.92
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403
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Total 31+ Delinquent as % Aggregate Ending Principal Balance
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2.93
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%
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Total 61+ Delinquent as % Aggregate Ending Principal Balance
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0.70
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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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346,705.11
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Aggregate Net Losses/(Gains) - May 2024
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69,706.34
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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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0.25
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%
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Prior Net Losses/(Gains) Ratio
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-0.19
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%
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Second Prior Net Losses/(Gains) Ratio
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0.67
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%
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Third Prior Net Losses/(Gains) Ratio
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0.65
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%
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Four Month Average
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0.35
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%
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Cumulative Net Loss as a % of Aggregate Starting Principal Balance
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0.56
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%
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Overcollateralization Target Amount
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4,644,197.93
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Actual Overcollateralization
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4,644,197.93
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Weighted Average Contract Rate
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4.36
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%
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Weighted Average Contract Rate, Yield Adjusted
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5.89
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%
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Weighted Average Remaining Term
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37.79
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Flow of Funds
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$ Amount
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Collections
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16,092,723.29
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Investment Earnings on Cash Accounts
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12,805.26
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Servicing Fee
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(279,382.46
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Transfer to Collection Account
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-
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Available Funds
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15,826,146.09
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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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405,320.77
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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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52,256.25
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(5) Noteholders' Second Priority Principal Distributable Amount
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-
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(6) Class C Interest
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29,601.25
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(7) Noteholders' Third Priority Principal Distributable Amount
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9,800,899.84
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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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4,644,197.93
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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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893,870.05
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Total Distributions of Available Funds
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15,826,146.09
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Servicing Fee
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279,382.46
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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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0.5258208
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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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15.5908709
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Total Distribution Amount
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16.1166917
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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-2 Interest Distribution Amount
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0.0000000
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A-2 Interest Carryover Shortfall
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0.0000000
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A-2 Principal Distribution Amount
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0.0000000
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Total A-2 Distribution Amount
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0.0000000
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A-3 Interest Distribution Amount
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0.9156908
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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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47.2401654
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Total A-3 Distribution Amount
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48.1558562
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A-4 Interest Distribution Amount
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1.5833333
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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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1.5833333
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B Interest Distribution Amount
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1.8750000
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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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1.8750000
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C Interest Distribution Amount
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2.1250000
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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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2.1250000
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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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0.00
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Noteholders' Third Priority Principal Distributable Amount
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678.49
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Noteholders' Principal Distributable Amount
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321.51
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Account Balances
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$ Amount
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Reserve Account
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Balance as of 05/15/24
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2,322,098.97
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Investment Earnings
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10,344.42
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Investment Earnings Paid
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(10,344.42
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Deposit/(Withdrawal)
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-
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Balance as of 06/17/24
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2,322,098.97
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Change
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-
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Required Reserve Amount
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2,322,098.97
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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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2,113,257.41
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$
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2,187,381.20
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$
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2,672,244.99
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Number of Extensions
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92
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93
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114
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Ratio of extensions to Beginning of Period Receivables Balance
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0.63
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%
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0.62
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%
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0.73
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%
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