World Omni Auto Receivables Trust 2022-D
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Monthly Servicer Certificate
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February 29, 2024
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Dates Covered
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Collections Period
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02/01/24 - 02/29/24
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Interest Accrual Period
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02/15/24 - 03/14/24
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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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03/15/24
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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 01/31/24
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591,045,402.65
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31,241
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Yield Supplement Overcollateralization Amount 01/31/24
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63,872,870.06
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0
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Receivables Balance 01/31/24
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654,918,272.71
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31,241
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Principal Payments
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22,916,757.47
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1,250
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Defaulted Receivables
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1,175,809.93
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50
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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 02/29/24
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60,649,451.89
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0
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Pool Balance at 02/29/24
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570,176,253.42
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29,941
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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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54.54
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%
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Prepayment ABS Speed
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1.33
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%
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Aggregate Starting Principal Balance
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1,156,658,989.82
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50,043
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Delinquent Receivables:
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Past Due 31-60 days
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8,168,150.31
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319
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Past Due 61-90 days
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2,416,085.72
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97
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Past Due 91-120 days
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647,956.62
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23
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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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11,232,192.65
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439
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Total 31+ Delinquent as % Aggregate Ending Principal Balance
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1.78
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%
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Total 61+ Delinquent as % Aggregate Ending Principal Balance
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0.49
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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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621,263.18
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Aggregate Net Losses/(Gains) - February 2024
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554,546.75
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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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1.02
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%
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Prior Net Losses/(Gains) Ratio
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0.72
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%
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Second Prior Net Losses/(Gains) Ratio
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0.61
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%
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Third Prior Net Losses/(Gains) Ratio
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0.94
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%
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Four Month Average
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0.82
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%
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Cumulative Net Loss as a % of Aggregate Starting Principal Balance
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0.41
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%
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Overcollateralization Target Amount
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5,131,586.28
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Actual Overcollateralization
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5,131,586.28
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Weighted Average Contract Rate
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5.08
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%
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Weighted Average Contract Rate, Yield Adjusted
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10.45
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%
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Weighted Average Remaining Term
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49.25
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Flow of Funds
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$ Amount
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Collections
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26,290,365.77
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Investment Earnings on Cash Accounts
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25,187.68
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Servicing Fee
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(545,765.23
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Transfer to Collection Account
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-
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Available Funds
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25,769,788.22
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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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2,537,482.97
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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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-
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(5) Noteholders' Second Priority Principal Distributable Amount
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189,740.61
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(6) Class C Interest
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-
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(7) Noteholders' Third Priority Principal Distributable Amount
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15,360,000.00
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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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5,131,586.28
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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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2,550,978.36
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Total Distributions of Available Funds
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25,769,788.22
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Servicing Fee
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545,765.23
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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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2.4845861
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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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20.2502001
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Total Distribution Amount
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22.7347862
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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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1.7146819
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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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57.9568627
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Total A-2a Distribution Amount
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59.6715446
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A-2b Interest Distribution Amount
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1.8574849
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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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57.9568627
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Total A-2b Distribution Amount
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59.8143476
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A-3 Interest Distribution Amount
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4.6750000
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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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4.6750000
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A-4 Interest Distribution Amount
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4.7500000
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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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4.7500000
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B Interest Distribution Amount
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0.0000000
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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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0.0000000
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C Interest Distribution Amount
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0.0000000
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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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0.0000000
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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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9.17
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Noteholders' Third Priority Principal Distributable Amount
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742.70
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Noteholders' Principal Distributable Amount
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248.13
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Account Balances
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$ Amount
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Reserve Account
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Balance as of 02/15/24
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5,106,453.81
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Investment Earnings
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21,166.87
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Investment Earnings Paid
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(21,166.87
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Deposit/(Withdrawal)
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-
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Balance as of 03/15/24
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5,106,453.81
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Change
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-
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Required Reserve Amount
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5,106,453.81
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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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3,285,033.33
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$
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4,489,387.44
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$
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4,788,673.18
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Number of Extensions
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112
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151
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175
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Ratio of extensions to Beginning of Period Receivables Balance
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0.50
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%
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0.66
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%
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0.68
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%
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