World Omni Auto Receivables Trust 2021-B
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Monthly Servicer Certificate
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August 31, 2024
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Dates Covered
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Collections Period
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08/01/24 - 08/31/24
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Interest Accrual Period
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08/15/24 - 09/15/24
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30/360 Days
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30
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Actual/360 Days
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32
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Distribution Date
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09/16/24
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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 07/31/24
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216,210,147.47
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19,356
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Yield Supplement Overcollateralization Amount 07/31/24
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3,107,534.14
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0
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Receivables Balance 07/31/24
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219,317,681.61
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19,356
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Principal Payments
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12,197,026.19
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420
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Defaulted Receivables
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170,107.42
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9
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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 08/31/24
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2,810,375.60
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0
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Pool Balance at 08/31/24
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204,140,172.40
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18,927
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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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18.76
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%
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Prepayment ABS Speed
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1.09
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%
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Aggregate Starting Principal Balance
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1,102,919,763.19
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38,162
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Delinquent Receivables:
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Past Due 31-60 days
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4,375,661.95
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276
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Past Due 61-90 days
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1,435,254.28
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85
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Past Due 91-120 days
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288,748.82
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16
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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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6,099,665.05
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377
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Total 31+ Delinquent as % Aggregate Ending Principal Balance
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2.95
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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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133,301.51
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Aggregate Net Losses/(Gains) - August 2024
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36,805.91
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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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0.20
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%
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Prior Net Losses/(Gains) Ratio
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0.14
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%
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Second Prior Net Losses/(Gains) Ratio
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-0.27
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%
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Third Prior Net Losses/(Gains) Ratio
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0.20
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%
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Four Month Average
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0.07
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%
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Cumulative Net Loss as a % of Aggregate Starting Principal Balance
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0.40
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%
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Overcollateralization Target Amount
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5,319,305.21
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Actual Overcollateralization
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5,319,305.21
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Weighted Average Contract Rate
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4.08
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%
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Weighted Average Contract Rate, Yield Adjusted
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5.50
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%
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Weighted Average Remaining Term
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26.04
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Flow of Funds
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$ Amount
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Collections
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13,104,209.67
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Investment Earnings on Cash Accounts
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16,069.79
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Servicing Fee
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(182,764.73
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Transfer to Collection Account
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-
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Available Funds
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12,937,514.73
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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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78,800.04
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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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27,664.00
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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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17,157.00
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(7) Noteholders' Third Priority Principal Distributable Amount
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6,750,669.86
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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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5,319,305.21
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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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743,918.62
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Total Distributions of Available Funds
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12,937,514.73
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Servicing Fee
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182,764.73
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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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0.1164917
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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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11.3738928
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Total Distribution Amount
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11.4903845
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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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0.0631012
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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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32.7917167
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Total A-3 Distribution Amount
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32.8548179
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A-4 Interest Distribution Amount
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0.5750000
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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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0.5750000
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B Interest Distribution Amount
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0.8666667
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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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0.8666667
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C Interest Distribution Amount
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1.0750000
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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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1.0750000
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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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559.29
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Noteholders' Principal Distributable Amount
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440.71
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Account Balances
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$ Amount
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Reserve Account
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Balance as of 08/15/24
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2,659,652.60
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Investment Earnings
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11,902.30
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Investment Earnings Paid
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(11,902.30
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Deposit/(Withdrawal)
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-
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Balance as of 09/16/24
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2,659,652.60
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Change
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-
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Required Reserve Amount
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2,659,652.60
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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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1,699,030.24
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$
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1,775,751.45
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$
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1,365,263.02
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Number of Extensions
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110
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109
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81
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Ratio of extensions to Beginning of Period Receivables Balance
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0.77
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%
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0.76
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%
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0.56
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%
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