World Omni Auto Receivables Trust 2023-D
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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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776,823,277.23
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36,489
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Yield Supplement Overcollateralization Amount 05/31/24
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81,278,479.12
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0
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Receivables Balance 05/31/24
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858,101,756.35
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36,489
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Principal Payments
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30,807,514.66
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802
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Defaulted Receivables
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1,012,906.57
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37
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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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77,251,347.14
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0
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Pool Balance at 06/30/24
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749,029,987.98
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35,650
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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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73.82
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%
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Prepayment ABS Speed
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1.61
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%
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Aggregate Starting Principal Balance
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1,119,368,245.46
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42,446
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Delinquent Receivables:
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Past Due 31-60 days
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8,384,026.96
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323
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Past Due 61-90 days
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2,136,231.49
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76
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Past Due 91-120 days
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303,203.61
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20
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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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10,823,462.06
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419
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Total 31+ Delinquent as % Aggregate Ending Principal Balance
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1.31
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%
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Total 61+ Delinquent as % Aggregate Ending Principal Balance
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0.30
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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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679,300.00
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Aggregate Net Losses/(Gains) - June 2024
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333,606.57
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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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0.47
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%
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Prior Net Losses/(Gains) Ratio
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0.65
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%
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Second Prior Net Losses/(Gains) Ratio
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0.44
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%
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Third Prior Net Losses/(Gains) Ratio
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0.49
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%
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Four Month Average
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0.51
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%
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Cumulative Net Loss as a % of Aggregate Starting Principal Balance
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0.22
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%
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Overcollateralization Target Amount
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8,613,844.86
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Actual Overcollateralization
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8,613,844.86
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Weighted Average Contract Rate
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6.20
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%
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Weighted Average Contract Rate, Yield Adjusted
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11.22
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%
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Weighted Average Remaining Term
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53.00
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Flow of Funds
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$ Amount
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Collections
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35,716,199.60
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Investment Earnings on Cash Accounts
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16,320.65
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Servicing Fee
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(715,084.80
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Transfer to Collection Account
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-
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Available Funds
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35,017,435.45
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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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3,469,002.00
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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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153,556.50
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(5) Noteholders' Second Priority Principal Distributable Amount
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3,839,821.56
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(6) Class C Interest
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78,479.50
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(7) Noteholders' Third Priority Principal Distributable Amount
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15,020,000.00
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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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8,613,844.86
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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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3,842,731.03
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Total Distributions of Available Funds
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35,017,435.45
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Servicing Fee
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715,084.80
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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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3.7034823
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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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27.4918110
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Total Distribution Amount
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31.1952933
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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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4.4772110
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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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72.7201335
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Total A-2a Distribution Amount
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77.1973445
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A-2b Interest Distribution Amount
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4.1808726
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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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72.7201335
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Total A-2b Distribution Amount
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76.9010061
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A-3 Interest Distribution Amount
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4.8250000
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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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4.8250000
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A-4 Interest Distribution Amount
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4.8750000
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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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4.8750000
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B Interest Distribution Amount
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5.1083333
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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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5.1083333
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C Interest Distribution Amount
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5.2250000
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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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5.2250000
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Noteholders' First Priority Principal Distributable Amount
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7.00
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Noteholders' Second Priority Principal Distributable Amount
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139.76
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Noteholders' Third Priority Principal Distributable Amount
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546.71
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Noteholders' Principal Distributable Amount
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313.53
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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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2,504,634.24
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Investment Earnings
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10,795.77
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Investment Earnings Paid
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(10,795.77
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Deposit/(Withdrawal)
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-
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Balance as of 07/15/24
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2,504,634.24
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Change
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-
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Required Reserve Amount
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2,504,634.24
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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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5,464,961.22
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5,208,512.13
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4,479,185.38
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Number of Extensions
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171
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159
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146
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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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0.58
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%
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0.48
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%
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