World Omni Auto Receivables Trust 2022-C
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Monthly Servicer Certificate
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September 30, 2024
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Dates Covered
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Collections Period
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09/01/24 - 09/30/24
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Interest Accrual Period
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09/16/24 - 10/14/24
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30/360 Days
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30
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Actual/360 Days
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29
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Distribution Date
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10/15/24
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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 08/31/24
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399,777,638.43
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22,903
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Yield Supplement Overcollateralization Amount 08/31/24
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27,322,077.40
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0
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Receivables Balance 08/31/24
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427,099,715.83
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22,903
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Principal Payments
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18,235,629.75
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435
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Defaulted Receivables
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653,826.08
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30
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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 09/30/24
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25,609,414.75
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0
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Pool Balance at 09/30/24
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382,600,845.25
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22,438
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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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36.33
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%
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Prepayment ABS Speed
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1.29
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%
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Aggregate Starting Principal Balance
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1,123,484,105.00
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42,981
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Delinquent Receivables:
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Past Due 31-60 days
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8,159,744.46
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322
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Past Due 61-90 days
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2,730,440.35
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105
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Past Due 91-120 days
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663,690.27
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29
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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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11,553,875.08
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456
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Total 31+ Delinquent as % Aggregate Ending Principal Balance
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2.83
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%
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Total 61+ Delinquent as % Aggregate Ending Principal Balance
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0.83
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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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431,512.78
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Aggregate Net Losses/(Gains) - September 2024
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222,313.30
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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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0.62
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%
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Prior Net Losses/(Gains) Ratio
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0.96
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%
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Second Prior Net Losses/(Gains) Ratio
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0.41
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%
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Third Prior Net Losses/(Gains) Ratio
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0.12
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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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0.54
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%
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Overcollateralization Target Amount
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5,081,353.05
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Actual Overcollateralization
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5,081,353.05
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Weighted Average Contract Rate
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4.63
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%
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Weighted Average Contract Rate, Yield Adjusted
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8.79
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%
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Weighted Average Remaining Term
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40.34
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Flow of Funds
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$ Amount
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Collections
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20,306,915.35
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Investment Earnings on Cash Accounts
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23,881.70
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Servicing Fee
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(355,916.43
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Transfer to Collection Account
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-
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Available Funds
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19,974,880.62
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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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1,066,754.67
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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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103,442.92
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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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55,350.58
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(7) Noteholders' Third Priority Principal Distributable Amount
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12,095,440.13
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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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5,081,353.05
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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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1,572,539.27
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Total Distributions of Available Funds
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19,974,880.62
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Servicing Fee
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355,916.43
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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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1.2112793
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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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16.9768064
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Total Distribution Amount
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18.1880857
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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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3.0212522
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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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67.9193087
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Total A-3 Distribution Amount
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70.9405609
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A-4 Interest Distribution Amount
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3.0666667
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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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3.0666667
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B Interest Distribution Amount
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3.4083334
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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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3.4083334
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C Interest Distribution Amount
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3.6583331
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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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3.6583331
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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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704.17
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Noteholders' Principal Distributable Amount
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295.83
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Account Balances
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$ Amount
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Reserve Account
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Balance as of 09/16/24
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5,058,901.50
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Investment Earnings
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20,956.19
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Investment Earnings Paid
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(20,956.19
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Deposit/(Withdrawal)
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-
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Balance as of 10/15/24
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5,058,901.50
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Change
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-
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Required Reserve Amount
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5,058,901.50
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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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2,929,331.51
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$
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3,377,169.14
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$
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3,589,679.64
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Number of Extensions
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119
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136
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139
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Ratio of extensions to Beginning of Period Receivables Balance
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0.69
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%
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0.76
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%
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0.77
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%
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