-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KJALwf5APskVapY0T8jyqY8d6tkFY8nQdxOMHBQFRRdCx8f0w+DRwowoJzZ/sl5+ R/KqE8vaOQpJRnhg1SiNNw== 0000950123-03-004271.txt : 20030415 0000950123-03-004271.hdr.sgml : 20030415 20030415151106 ACCESSION NUMBER: 0000950123-03-004271 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20030331 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DVI RECEIVABLES CORP VIII CENTRAL INDEX KEY: 0001081881 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 251824148 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-74901 FILM NUMBER: 03650421 BUSINESS ADDRESS: STREET 1: 2500 YORK PARK CITY: JAMISON STATE: PA ZIP: 18929 BUSINESS PHONE: 2153456600 8-K 1 y85421e8vk.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 Date of Report (Date of earliest event reported): MARCH 31, 2003 DVI RECEIVABLES CORP. VIII ------------------------------------------------------ (Exact name of registrant as specified in its charter) DELAWARE 333-81454 25-1824148 - ------------------------------- ---------------- ---------------------- (State or other jurisdiction of (Commission File (I.R.S. Employer incorporation or organization) Number) Identification Number) 2500 YORK ROAD JAMISON, PENNSYLVANIA 18929 - ---------------------------------------- ---------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (215) 488-5000 ______________________________________________________________________ (Former name or former address, if changed since last report.) 1 Item 7. Financial Statements and Exhibits Exhibit 99.1 DVI Receivables VIII 1999-1 Servicer Report for month ending March 31, 2003, payment date April 14, 2003 Exhibit 99.2 DVI Receivables X 1999-2 Servicer Report for month ending March 31, 2003, payment date April 14, 2003 Exhibit 99.3 DVI Receivables XI, L.L.C. 2000-1 Servicer Report for month ending March 31, 2003, payment date April 14, 2003 Exhibit 99.4 DVI Receivables XII, L.L.C. 2000-2 Servicer Report for month ending March 31, 2003, payment date April 14, 2003 Exhibit 99.5 DVI Receivables XIV, L.L.C. 2001-1 Servicer Report for month ending March 31, 2003, payment date April 11, 2003 Exhibit 99.6 DVI Receivables XVI, L.L.C. 2001-2 Servicer Report for month ending March 31, 2003, payment date April 11, 2003 Exhibit 99.7 DVI Receivables XVII, L.L.C. 2002-1 Servicer Report for month ending March 31, 2003, payment date April 11, 2003 Exhibit 99.8 DVI Receivables XVIII, L.L.C. 2002-2 Servicer Report for month ending March 31, 2003, payment date April 14, 2003 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DVI Receivables Corp. VIII ------------------------------ (Registrant) Dated: April 11, 2003 By: /s/ Steven R. Garfinkel -------------------------- Steven R. Garfinkel Executive Vice President and Chief Financial Officer 2 EX-99.1 3 y85421exv99w1.txt SERVICER REPORT . . . DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 660,050.46 Available Funds: Contract Payments due and received in this period 2,240,546.05 Contract Payments due in prior period(s) and received in this period 130,738.86 Contract Payments received in this period for next period 153,216.58 Sales, Use and Property Tax payments received 25,696.34 Prepayment Amounts related to early termination in this period 15,799.17 Servicer Advance 260,694.43 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 2,393.24 Interest earned on Collection Account 2,393.22 Interest earned on Affiliated Account 69.18 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Maintenance, Late Charges and any other amounts 28,225.52 ------------- Total Available Funds 3,519,823.05 Less: Amounts to be Retained in Collection Account 677,412.24 ------------- AMOUNT TO BE DISTRIBUTED 2,842,410.81 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 130,738.86 3. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2 Principal (distributed after A1 Note matures) and Interest 0.00 a) Class A3 Principal (distributed after A2 Note matures) and Interest 0.00 a) Class A4 Principal (distributed after A3 Note matures) and Interest 0.00 a) Class A5 Principal (distributed after A4 Note matures) and Interest 2,317,149.67 b) Class B Principal and Interest 39,449.32 c) Class C Principal and Interest 79,217.34 d) Class D Principal and Interest 53,203.99 e) Class E Principal and Interest 68,648.10 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 7,063.04 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 72,251.33 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 2,393.24 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 56,384.26 7. To Servicer, Servicing Fee and other Servicing Compensations 15,911.66 ------------- TOTAL FUNDS DISTRIBUTED 2,842,410.81 ============= ------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 677,412.24 =============
II. RESERVE ACCOUNT Beginning Balance $2,511,821.93 - Add Investment Earnings 2,393.24 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 2,393.24 ------------- End of period balance $2,511,821.93 ============= Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $2,511,821.93 =============
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 31,548,570.27 Pool B 5,791,326.28 ------------- 37,339,896.55 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 173,254.23 Class A Monthly Interest - Pool B 31,804.03 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 1,652,200.87 Class A Monthly Principal - Pool B 459,890.54 ------------- 2,112,091.41 Ending Principal Balance of the Class A Notes Pool A 29,896,369.40 Pool B 5,331,435.74 ------------- ------------- 35,227,805.14 =============
- ----------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $221,020,000 Original Face $221,020,000 Balance Factor $ 0.927781 $ 9.556110 15.938741% - -----------------------------------------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 0.00 Class A5 37,339,896.55 ------------- 37,339,896.55 Class A Monthly Interest Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 0.00 Class A4 0.00 Class A5 205,058.26 ------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 0.00 Class A5 2,112,091.41 ------------- 2,112,091.41 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 0.00 Class A5 35,227,805.14 ------------- ------------- 35,227,805.14 =============
CLASS A4
- ----------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $42,620,000 Original Face $42,620,000 Balance Factor $ 4.81132 $ 49.556345 82.655573% - -----------------------------------------------------------------------------------
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 537,969.33 Pool B 98,763.97 ---------- 636,733.30 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 2,909.52 Class B Monthly Interest - Pool B 534.15 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 28,165.72 Class B Monthly Principal - Pool B 7,839.93 ---------- 36,005.65 Ending Principal Balance of the Class B Notes Pool A 509,803.61 Pool B 90,924.04 ---------- ---------- 600,727.65 ==========
- ----------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $3,768,000 Original Face $3,768,000 Balance Factor $ 0.913925 $ 9.555640 15.942878% - -----------------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 1,076,739.49 Pool B 197,727.21 ------------ 1,274,466.70 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 6,088.06 Class C Monthly Interest - Pool B 1,117.98 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 56,331.43 Class C Monthly Principal - Pool B 15,679.87 ------------ 72,011.30 Ending Principal Balance of the Class C Notes Pool A 1,020,408.06 Pool B 182,047.34 ------------ ------------ 1,202,455.40 ============
- ---------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $7,537,000 Original Face $7,537,000 Balance Factor $ 0.956089 $ 9.554372 15.954032% - ----------------------------------------------------------------------------------
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 717,292.51 Pool B 131,685.25 ---------- 848,977.76 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 4,390.43 Class D Monthly Interest - Pool B 806.02 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 37,554.29 Class D Monthly Principal - Pool B 10,453.25 ---------- 48,007.54 Ending Principal Balance of the Class D Notes Pool A 679,738.22 Pool B 121,232.00 ---------- ---------- 800,970.22 ==========
- ----------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,024,000 Original Face $5,024,000 Balance Factor $ 1.034325 $ 9.555641 15.942879% - -----------------------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 898,217.08 Pool B 165,005.11 ---------- 1,063,222.19 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 7,298.01 Class E Monthly Interest - Pool B 1,340.67 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 46,942.86 Class E Monthly Principal - Pool B 13,066.56 ---------- 60,009.42 Ending Principal Balance of the Class E Notes Pool A 851,274.22 Pool B 151,938.55 ---------- ------------ 1,003,212.77 ============
- ----------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,282,000 Original Face $6,282,000 Balance Factor $ 1.375148 $ 9.552598 15.969640% - -----------------------------------------------------------------------------------
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 1,071,576.32 Pool B 196,208.45 ------------ 1,267,784.77 Residual Interest - Pool A 5,970.21 Residual Interest - Pool B 1,092.83 Residual Principal - Pool A 56,519.20 Residual Principal - Pool B 15,732.13 ------------ 72,251.33 Ending Residual Principal Balance Pool A 1,015,057.12 Pool B 180,476.32 ------------ ------------ 1,195,533.44 ============
X. PAYMENT TO SERVICER - Collection period Servicer Fee 15,911.66 - Servicer Advances reimbursement 130,738.86 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 56,384.26 ---------- Total amounts due to Servicer 203,034.78 ==========
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 35,850,365.02 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,877,714.37 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ------------- ending of the related Collection Period 33,972,650.65 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,868,181.11 - Principal portion of Prepayment Amounts 9,533.26 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 1,877,714.37 ============ POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 6,580,716.30 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 522,662.28 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ------------- ending of the related Collection Period 6,058,054.02 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 516,489.83 - Principal portion of Prepayment Amounts 6,172.45 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 522,662.28 ============ ------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 40,030,704.67 =============
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------------------------------------------- ------------- ----------- --------------- 2199-001 Regional Radiology, LLC $1,112,975.58 1881-001 $ 2,435,321.88 1231-041 Radnet Management, Inc. $ 953,502.31 1560-013 Drew Medical inc $ 342,866.78 Cash $ 25,977.21 3323-002 Open MRI Ohio 1 Ventures, LLC $ 932,975.98 912-501 $ 492,124.09 3330-002 Open MRI Texas Ventures, LLC $ 784,394.56 917-501 $ 536,814.08 917-502 $ 578,192.91 920-501 $ 35,076.58 1912-001 $ 34,364.63 ------------- --------------- Totals: $4,152,692.42 $ 4,111,894.17 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 4,111,894.17 b) ADCB OF POOL A AT CLOSING DATE $201,135,070.09 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 2.04%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------ --------
POOL B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------------------------------ ------------- ----------- ------------- NONE ------------- ------------- Totals: $ 0.00 $ 0.00
a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $50,047,123.17 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $ 0.00 b) Total discounted Contract Balance of Substitute Receivables $ 0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $ 0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------ -------
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------------------------------------------------------ ------------- ----------- --------------- 408-502 Western Kentucky Diagnostic $ 495,646.95 277-103 $ 2,561,363.27 1042-501 Pinnacle Imaging, Inc. $1,631,421.93 1513-002 $ 953,250.10 2375-001 Tuscarawas Ambulatory $1,286,730.05 1725-002 $ 588,254.35 1097-506 Advanced Healthcare Resources $ 675,567.93 Cash $ 13,500.87 2545-002 Presgar L.C. $ 964,543.83 2205-001 $ 3,763,600.22 2907-001 Laser Vision Centers, Inc. $ 472,557.70 2000667-2 Hartford Hospital, Inc. $ 190,558.39 2004051-2 Health Care Solutions $ 695,143.77 2004051-3 Health Care Solutions $ 993,964.93 2004887-1 BBC Healthcare International, L.L.C. $ 212,022.60 2005804-1 Otsego Memorial Hospital $ 236,366.53 ------------- --------------- Totals: $7,868,025.48 $ 7,866,467.94 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 7,866,467.94 b) ADCB OF POOL A AT CLOSING DATE $201,135,070.09 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 3.91%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------ -------
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ---------------------------------------------- ------------- ----------- -------------- 1528-003 U.S. Neurosurgical, Inc. $ 642,004.10 960-501 $ 82,012.38 2826-003 Newark Health Imaging, L.L.C. $ 205,317.69 960-502 $ 28,390.17 2906-001 Laser Vision Centers, Inc. $ 496,511.61 1043-501 $ 641,289.38 Cash $ 3,932.26 1043-502 $ 596,073.73 ------------- -------------- Totals: $1,347,765.66 $ 1,347,765.66 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 1,347,765.66 b) ADCB OF POOL B AT CLOSING DATE $50,047,123.17 *c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 2.69%
ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------ -------
DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE
CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS This Month 2,564,328.80 This Month 40,030,704.67 1 Month Prior 2,014,062.69 1 Month Prior 42,431,081.32 2 Months Prior 3,113.25 2 Months Prior 44,835,598.57 Total 4,581,504.74 Total 127,297,384.56 a) 3 MONTH AVERAGE 1,527,168.25 b) 3 MONTH AVERAGE 42,432,461.52 c) a/b 3.60%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X --------- --------- 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X --------- --------- B. An Indenture Event of Default has occurred and is then continuing? Yes No X --------- --------- 4. Has a Servicer Event of Default occurred? Yes No X --------- --------- 5. Amortization Event Check A. Is 1c > 8% ? Yes No X --------- --------- B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No X --------- --------- C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X ---------- --------- 6. Aggregate Discounted Contract Balance at Closing Date Balance $ 251,182,193.26 -----------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- -------- 31 - 60 602,125.67 16 61 - 90 41,879.67 4 91 - 180 2,564,328.80 16
Approved By: Matthew E. Goldenberg Vice President Structured Finance and Securitization EX-99.2 4 y85421exv99w2.txt SERVICER REPORT . . . DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 386,468.27 Available Funds: Contract Payments due and received in this period 2,763,569.50 Contract Payments due in prior period(s) and received in this period 265,284.82 Contract Payments received in this period for next period 141,776.52 Sales, Use and Property Tax, Maintenance, Late Charges 69,518.97 Prepayment Amounts related to early termination in this period 4,995,816.80 Servicer Advance 198,897.79 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 2,574.86 Interest earned on Collection Account 2,794.53 Interest earned on Affiliated Account 87.54 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Any other amounts 0.00 ------------ Total Available Funds 8,826,789.60 Less: Amounts to be Retained in Collection Account 432,321.33 ------------ AMOUNT TO BE DISTRIBUTED 8,394,468.27 ============ DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 265,284.82 3. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2 Principal (distributed after A1 Note matures) and Interest 0.00 a) Class A3 Principal (distributed after A2 Note matures) and Interest 0.00 a) Class A4 Principal (distributed after A3 Note matures) and Interest 7,055,866.57 b) Class B Principal and Interest 120,345.28 c) Class C Principal and Interest 241,011.50 d) Class D Principal and Interest 161,609.26 e) Class E Principal and Interest 205,946.69 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 14,750.28 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 227,421.61 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 2,574.86 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 72,401.04 7. To Servicer, Servicing Fee and other Servicing Compensations 27,256.36 ------------ TOTAL FUNDS DISTRIBUTED 8,394,468.27 ============ ------------ End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 432,321.33 ============
II. RESERVE ACCOUNT Beginning Balance $2,702,437.25 - Add Investment Earnings 2,574.86 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 2,574.86 ------------- End of period balance $2,702,437.25 ============= Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $2,702,437.25 =============
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 52,883,394.68 Pool B 11,077,704.31 ------------- 63,961,098.99 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 318,181.76 Class A Monthly Interest - Pool B 66,650.85 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 6,047,367.63 Class A Monthly Principal - Pool B 623,666.33 ------------- 6,671,033.96 Ending Principal Balance of the Class A Notes Pool A 46,836,027.05 Pool B 10,454,037.98 ------------- ------------- 57,290,065.03 =============
- ------------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $237,814,000 Original Face $237,814,000 Balance Factor $ 1.618208 $ 28.051477 24.090283% - ------------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 63,961,098.99 ------------- Class A Monthly Interest 63,961,098.99 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 0.00 Class A4 384,832.61 ------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 6,671,033.96 ------------- 6,671,033.96 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 57,290,065.03 ------------- ------------- 57,290,065.03 =============
Class A4
- ---------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $99,051,000 Original Face $99,051,000 Balance Factor $ 3.885197 $ 67.349486 57.838957% - ----------------------------------------------------------------------------------
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 901,696.65 Pool B 188,901.64 ---------- 1,090,598.29 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 5,485.32 Class B Monthly Interest - Pool B 1,149.15 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 103,080.13 Class B Monthly Principal - Pool B 10,630.68 ---------- 113,710.81 Ending Principal Balance of the Class B Notes Pool A 798,616.52 Pool B 178,270.96 ---------- ------------ 976,887.48 ============
- --------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,054,000 Original Face $4,054,000 Balance Factor $ 1.636524 $ 28.049040 24.096879% - ---------------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 1,802,612.25 Pool B 377,584.33 ------------ 2,180,196.58 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 11,236.28 Class C Monthly Interest - Pool B 2,353.61 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 206,160.26 Class C Monthly Principal - Pool B 21,261.35 ------------ 227,421.61 Ending Principal Balance of the Class C Notes Pool A 1,596,451.99 Pool B 356,322.98 ------------ ------------ 1,952,774.97 ============
- --------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,107,000 Original Face $8,107,000 Balance Factor $ 1.676316 $ 28.052499 24.087517% - ---------------------------------------------------------------------------------
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 1,202,001.81 Pool B 251,795.90 ------------ 1,453,797.71 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 8,263.76 Class D Monthly Interest - Pool B 1,731.10 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 137,440.17 Class D Monthly Principal - Pool B 14,174.23 ------------ 151,614.40 Ending Principal Balance of the Class D Notes Pool A 1,064,561.64 Pool B 237,621.67 ------------ ------------ 1,302,183.31 ============
- --------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,405,000 Original Face $5,405,000 Balance Factor $ 1.849188 $ 28.050768 24.092198% - ---------------------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 1,502,307.09 Pool B 314,690.08 ------------ 1,816,997.17 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 13,583.36 Class E Monthly Interest - Pool B 2,845.32 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 171,800.22 Class E Monthly Principal - Pool B 17,717.79 ------------ 189,518.01 Ending Principal Balance of the Class E Notes Pool A 1,330,506.87 Pool B 296,972.29 ------------ ------------ 1,627,479.16 ============
- --------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,756,000 Original Face $6,756,000 Balance Factor $ 2.431717 $ 28.051807 24.089390% - ---------------------------------------------------------------------------------
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 1,803,178.25 Pool B 377,743.03 ------------ 2,180,921.28 Residual Interest - Pool A 12,438.48 Residual Interest - Pool B 2,311.80 Residual Principal - Pool A 206,160.26 Residual Principal - Pool B 21,261.35 ------------ 227,421.61 Ending Residual Principal Balance Pool A 1,597,017.99 Pool B 356,481.68 ------------ ------------ 1,953,499.67 ============
X. PAYMENT TO SERVICER - Collection period Servicer Fee 27,256.36 - Servicer Advances reimbursement 265,284.82 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 72,401.04 ---------- Total amounts due to Servicer 364,942.22 ==========
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 60,095,190.68 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 6,872,008.67 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ------------- ending of the related Collection Period 53,223,182.01 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,923,461.91 - Principal portion of Prepayment Amounts 4,948,546.76 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 6,872,008.67 ============ POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 12,588,419.25 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 708,711.74 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ------------- ending of the related Collection Period 11,879,707.51 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 672,306.92 - Principal portion of Prepayment Amounts 36,404.82 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 708,711.74 ============ ------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 65,102,889.52 =============
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - --------- ------------------------------ ------------- ----------- --------------- 3024-003 RADNET MANAGEMENT II, INC. $1,289,113.68 1667-003 $ 1,466,069.44 CASH $ 176,955.76 1743-004 HYPERBARIC MANAGEMENT SYS $1,539,883.34 2425-001 $ 1,890,612.33 3221-001 TOTAL IMAGING OF SUN CITY, LLC $1,496,892.51 2427-001 $ 1,194,070.97 3307-001 OPEN MRI OHIO 2 VENTURES, LLC $1,181,820.77 917-503 $ 644,152.99 3323-003 OPEN MRI OHIO 1 VENTURES, LLC $1,162,123.59 1004-503 $ 77,559.49 1048-501 $ 896,884.04 1049-504 $ 644,152.99 1050-504 $ 85,901.56 ------------- --------------- Totals: $6,846,789.65 $ 6,899,403.81 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 6,899,403.81 b) ADCB OF POOL A AT CLOSING DATE $211,061,551.13 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 3.27%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ---- -----
POOL B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- ------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 59,182,173.57 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
*ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --- -----
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - --------- ------------------------------ ------------- ----------- --------------- 2841-001 Medical Imaging Co. Inc. 1,121,500.51 2207-001 $ 551,274.29 2004383-1 Robert Wood Johnson University 512,828.61 2207-002 $ 1,160,782.50 2005209-2 Memorial Regional Medical Center 252,655.70 2207-003 $ 181,136.33 Cash 6,208.31 2875-007 MRI of River North, Inc. et al. 1,629,015.55 2337-001 $ 1,215,773.70 3024-003 Radnet Management II, Inc. 1,495,882.60 4283-401 $ 286,487.54 2314-002 $ 1,209,395.06 3718-005 USD Dayton Inc., & USD Dayton Holding 1,711,481.42 1969-003 $ 1,251,411.72 1954-002 $ 221,077.49 1954-003 $ 74,796.06 1095-501 $ 209,827.19 ------------- --------------- Totals: $6,729,572.70 $ 6,361,961.88 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS $ 6,361,961.88 b) ADCB OF POOL A AT CLOSING DATE $211,061,551.13 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 3.01%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --- ----
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- ------------- None ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 59,182,173.57 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
*ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --- ----
DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE
CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS This Month 773,302.47 This Month 65,102,889.52 1 Month Prior 1,077,020.33 1 Month Prior 72,683,609.93 2 Months Prior 1,654,247.85 2 Months Prior 76,470,519.69 Total 3,504,570.65 Total 214,257,019.14 a) 3 MONTH AVERAGE 1,168,190.22 b) 3 MONTH AVERAGE 71,419,006.38 c) a/b 1.64%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X ------- ------- 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X ------- ------- B. An Indenture Event of Default has occurred and is then continuing? Yes No X ------- ------- 4. Has a Servicer Event of Default occurred? Yes No X ------- ------- 5. Amortization Event Check A. Is 1c > 8% ? Yes No X ------- ------- B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No X ------- ------- C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X ------- ------- 6. Aggregate Discounted Contract Balance at Closing Date Balance $270,243,724.70 ---------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- -------- 31 - 60 2,794,204.05 29 61 - 90 61,479.24 9 91 - 180 773,302.47 14
Approved By: Matthew E. Goldenberg Vice President Structured Finance and Securitization EX-99.3 5 y85421exv99w3.txt SERVICER REPORT . . . DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 335,151.70 Available Funds: Contract Payments due and received in this period 3,408,676.07 Contract Payments due in prior period(s) and received in this period 252,231.19 Contract Payments received in this period for next period 91,707.23 Sales, Use and Property Tax, Maintenance, Late Charges 95,278.01 Prepayment Amounts related to early termination in this period 6,374,372.59 Servicer Advance 353,991.52 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 2,787.03 Interest earned on Collection Account 3,060.42 Interest earned on Affiliated Account 201.98 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Any other amounts 0.00 ------------- Total Available Funds 10,917,457.74 Less: Amounts to be Retained in Collection Account 281,593.09 ------------- AMOUNT TO BE DISTRIBUTED 10,635,864.65 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 252,231.19 3. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2 Principal (distributed after A1 Note matures) and Interest 0.00 a) Class A3 Principal (distributed after A2 Note matures) and Interest 0.00 a) Class A4 Principal (distributed after A3 Note matures) and Interest 9,005,724.71 b) Class B Principal and Interest 153,474.40 c) Class C Principal and Interest 307,218.01 d) Class D Principal and Interest 205,652.79 e) Class E Principal and Interest 262,193.96 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 22,053.33 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 286,566.28 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 2,787.03 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 98,540.41 7. To Servicer, Servicing Fee and other Servicing Compensations 39,422.54 ------------- TOTAL FUNDS DISTRIBUTED 10,635,864.65 ============= End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 281,593.09 =============
II. RESERVE ACCOUNT Beginning Balance $2,925,289.09 - Add Investment Earnings 2,787.03 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 2,787.03 ------------- End of period balance $2,925,289.09 ============= Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $2,925,289.09 =============
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 72,093,608.39 Pool B 20,417,511.54 ------------- 92,511,119.93 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 467,406.89 Class A Monthly Interest - Pool B 132,373.53 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 7,329,735.30 Class A Monthly Principal - Pool B 1,076,208.99 ------------- 8,405,944.29 Ending Principal Balance of the Class A Notes Pool A 64,763,873.09 Pool B 19,341,302.55 ------------- ------------- 84,105,175.64 =============
- ----------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $257,425,000 Original Face $257,425,000 Balance Factor $ 2.329923 $ 32.653955 32.671720% - -----------------------------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 92,511,119.93 ------------- 92,511,119.93 Class A Monthly Interest Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 0.00 Class A4 599,780.42 ------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 8,405,944.29 ------------- 8,405,944.29 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 84,105,175.64 ------------- ------------- 84,105,175.64 =============
Class A3
- ----------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $95,625,000 Original Face $95,625,000 Balance Factor $ 6.272214 $ 87.905300 87.953125% - -----------------------------------------------------------------------------------------------------
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 1,228,228.17 Pool B 347,739.75 ------------ 1,575,967.92 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 7,942.54 Class B Monthly Interest - Pool B 2,248.72 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 124,938.67 Class B Monthly Principal - Pool B 18,344.47 ------------ 143,283.14 Ending Principal Balance of the Class B Notes Pool A 1,103,289.50 Pool B 329,395.28 ------------ ------------ 1,432,684.78 ============
- ------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,387,000 Original Face $4,387,000 Balance Factor $ 2.323059 $ 32.660848 32.657506% - -------------------------------------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 2,457,147.59 Pool B 695,788.35 ------------ 3,152,935.94 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 16,094.32 Class C Monthly Interest - Pool B 4,557.41 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 249,877.34 Class C Monthly Principal - Pool B 36,688.94 ------------ 286,566.28 Ending Principal Balance of the Class C Notes Pool A 2,207,270.25 Pool B 659,099.41 ------------ ------------ 2,866,369.66 ============
- ------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,775,000 Original Face $8,775,000 Balance Factor $ 2.353474 $ 32.657126 32.665181% - -------------------------------------------------------------------------------------------------------
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 1,638,098.36 Pool B 463,858.91 ------------ 2,101,957.27 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 11,384.78 Class D Monthly Interest - Pool B 3,223.82 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 166,584.89 Class D Monthly Principal - Pool B 24,459.30 ------------ ------------ 191,044.19 Ending Principal Balance of the Class D Notes Pool A 1,471,513.47 Pool B 439,399.61 ------------ ------------ 1,910,913.08 ============
- ----------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,850,000 Original Face $5,850,000 Balance Factor $ 2.497197 $ 32.657126 32.665181% - -----------------------------------------------------------------------------------------------
VII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 2,047,968.60 Pool B 579,978.04 ------------ 2,627,946.64 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 18,226.92 Class E Monthly Interest - Pool B 5,161.80 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 208,231.12 Class E Monthly Principal - Pool B 30,574.12 ------------ 238,805.24 Ending Principal Balance of the Class E Notes Pool A 1,839,737.48 Pool B 549,403.92 ------------ ------------ 2,389,141.40 ============
- ------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $7,313,000 Original Face $7,313,000 Balance Factor $ 3.198239 $ 32.654894 32.669785% - -------------------------------------------------------------------------------------------------
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 2,459,849.78 Pool B 696,995.59 ------------ 3,156,845.37 Residual Interest - Pool A 16,539.04 Residual Interest - Pool B 5,514.29 Residual Principal - Pool A 249,877.34 Residual Principal - Pool B 36,688.94 ------------ 286,566.28 Ending Residual Principal Balance Pool A 2,209,972.44 Pool B 660,306.65 ------------ ------------ 2,870,279.09 ============
X. PAYMENT TO SERVICER - - Collection period Servicer Fee 39,422.54 - - Servicer Advances reimbursement 252,231.19 - - Tax, Maintenance, Late Charges, Bank Interest and other amounts 98,540.41 ----------- Total amounts due to Servicer 390,194.14 ===========
XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 81,924,900.83 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 8,329,244.66 Aggregate Discounted Contract Balance, as defined in Indenture ------------- Agreement, at the ending of the related Collection Period 73,595,656.17 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 2,237,477.82 - Principal portion of Prepayment Amounts 6,091,766.84 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 8,329,244.66 ============ POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 23,201,872.19 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,222,964.76 Aggregate Discounted Contract Balance, as defined in Indenture ------------- Agreement, at the ending of the related Collection Period 21,978,907.43 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 972,749.39 - Principal portion of Prepayment Amounts 250,215.37 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 1,222,964.76 ============ AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED ------------- COLLECTION PERIOD 95,574,563.60 =============
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - --------- ------------------------------- ------------- ----------- --------------- 3155-007 RADNET MANAGEMENT, INC. $ 188,552.08 1231-033 $ 1,243,525.87 3155-008 RADNET MANAGEMENT, INC. $ 535,706.60 1572-033 $ 878,621.70 3205-002 FOUNTAIN AND PHOENIX DIAGNOSTIC $3,111,829.21 2421-001 $ 1,711,098.71 3307-002 OPEN MRI OHIO 2 VENTURES, LLC $ 767,314.06 1046-501 $ 639,976.34 3330-004 OPEN MRI TEXAS VENTURES, LLC $ 756,617.60 1100-503 $ 659,108.62 1912-002 $ 107,797.25 ------------- --------------- Totals: $5,360,019.55 $ 5,240,128.49 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 5,240,128.49 b) ADCB OF POOL A AT CLOSING DATE $202,195,615.75 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 2.59%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --- ----
POOL B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - --------- ----------------------------- ------------- ----------- --------------- 3305-001 OPEN MRI IOWA VENTURES, LLC $1,004,680.88 1047-501 $ 77,392.98 1100-504 $ 93,947.73 1344-026 $ 17,225.68 1344-029 $ 63,104.76 1344-030 $ 2,292.14 1347-010 $ 5,382.42 1347-011 $ 202,500.53 1347-012 $ 194,679.35 1791-008 $ 10,844.23 1791-010 $ 60,297.19 1791-011 $ 9,057.14 1791-012 $ 9,708.25 2097-004 $ 44,783.62 2454-001 $ 80,861.15 2454-003 $ 86,291.63 1101-524 $ 27,639.26 ------------- --------------- Totals: $1,004,680.88 $ 986,008.06 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 986,008.06 b) ADCB OF POOL B AT CLOSING DATE $ 90,333,293.68 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 1.09%
*ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ----- ----
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - --------- ----------------------------- ------------- ----------- --------------- 2841-002 MEDICAL IMAGING CO., INC. $ 980,724.35 2207-005 $ 1,326,497.89 2908-001 ALASE, L.L.C. $ 131,731.36 2002476-2 ASHLAND AREA COMMUNITY HOSPITAL INC. $ 169,739.33 CASH $ 44,302.85 1999-004 NAVIX DIAGNOSTIX, INC. $ 2,985,811.62 1881-005 $ 2,387,877.73 3155-007 RADNET MANAGEMENT, INC. $ 335,553.30 4284-402 $ 335,553.30 1504-013 SIGNATURE MEDICAL $ 1,221,375.67 2557-001 $ 1,323,430.38 CASH $ 102,054.71 3698-001 ADVANCED MEDICAL IMAGING CENTER $ 2,192,917.65 1969-006 $ 1,246,104.58 3702-007 USDL PITTSBURGH INC & USDL PITTSBURGH HOLDING $ 2,491,584.11 973-024 $ 23,059.86 1081-502 $ 1,402,638.25 1629-016 $ 227,769.98 1191-501 $ 50,901.66 2407-001 $ 1,156,266.41 2407-002 $ 650,353.97 -------------- --------------- Totals: $10,655,794.95 $ 10,130,454.01 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 10,130,454.01 b) ADCB OF POOL A AT CLOSING DATE $202,195,615.75 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 5.01%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ----- ---- POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - --------- ----------------------------- ------------- ----------- --------------- 1679-002 OPENSIDED MRI OF ST. LOUIS, L.L.C. $ 506,250.32 2207-004 $ 611,746.22 1218-020 MEDICAL SERVICES OF AMERICA $ 200,642.43 ------------- ---------------- Totals: $ 706,892.75 $ 611,746.22 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 611,746.22 b) ADCB OF POOL B AT CLOSING DATE $ 90,333,293.68 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.68%
*ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ----- ----
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE Contracts Delinquent > 90 days Total Outstanding Contracts This Month 1,717,562.53 This Month 95,574,563.60 1 Month Prior 2,651,962.35 1 Month Prior 105,126,773.02 2 Months Prior 2,656,188.90 2 Months Prior 108,468,715.98 Total 7,025,713.78 Total 309,170,052.60 a) 3 MONTH AVERAGE 2,341,904.59 b) 3 MONTH AVERAGE 103,056,684.20 c) a/b 2.27%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X ------- ------- 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X ------- ------- B. An Indenture Event of Default has occurred and is then continuing? Yes No X ------- ------- 4. Has a Servicer Event of Default occurred? Yes No X ------- ------- 5. Amortization Event Check A. Is 1c > 8% ? Yes No X ------- ------- B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No X ------- ------- C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X ------- ------- 6. Aggregate Discounted Contract Balance at Closing Date Balance $ 270,243,724.70 --------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- -------- 31 - 60 3,481,213.40 38 61 - 90 75,567.01 3 91 - 180 1,717,562.53 8
Approved By: Matthew E. Goldenberg Vice President Structured Finance and Securitization EX-99.4 6 y85421exv99w4.txt SERVICER REPORT . . . DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 284,641.84 Available Funds: Contract Payments due and received in this period 3,559,109.03 Contract Payments due in prior period(s) and received in this period 325,382.75 Contract Payments received in this period for next period 34,109.51 Sales, Use and Property Tax, Maintenance, Late Charges 95,190.16 Prepayment Amounts related to early termination in this period 6,498,174.65 Servicer Advance 414,110.45 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 3,909.99 Interest earned on Collection Account 2,590.30 Interest earned on Affiliated Account 498.99 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Any other amounts 0.00 ------------- Total Available Funds 11,217,717.67 Less: Amounts to be Retained in Collection Account 278,789.57 ------------- AMOUNT TO BE DISTRIBUTED 10,938,928.10 =============
DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 325,382.75 3. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2 Principal (distributed after A1 Note matures) and Interest 0.00 a) Class A3 Principal (distributed after A2 Note matures) and Interest 8,690,838.45 a) Class A4 Principal (distributed after A3 Note matures) and Interest 508,746.21 b) Class B Principal and Interest 156,804.94 c) Class C Principal and Interest 314,029.61 d) Class D Principal and Interest 210,289.03 e) Class E Principal and Interest 269,070.46 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 24,987.20 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 293,164.50 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 3,909.99 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 98,279.45 7. To Servicer, Servicing Fee and other Servicing Compensations 43,425.51 ------------- TOTAL FUNDS DISTRIBUTED 10,938,928.10 ============= End of Period Collection Account Balance {Includes Payments in Advance & ------------- Restricting Event Funds (if any)} 278,789.57 =============
II. RESERVE ACCOUNT Beginning Balance $4,104,190.93 - Add Investment Earnings 3,909.99 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 3,909.99 ------------- End of period balance $4,104,190.93 ============= Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $4,104,190.93 =============
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 79,909,274.50 Pool B 21,995,721.08 ------------- 101,904,995.58 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 470,565.34 Class A Monthly Interest - Pool B 129,527.19 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 7,499,551.95 Class A Monthly Principal - Pool B 1,099,940.18 ------------- 8,599,492.13 Ending Principal Balance of the Class A Notes Pool A 72,409,722.55 Pool B 20,895,780.90 -------------- 93,305,503.45 ==============
- ----------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $240,779,000 Original Face $240,779,000 Balance Factor $ 2.492296 $ 35.715291 38.751512% - -----------------------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 16,100,995.58 Class A4 85,804,000.00 ------------- Class A Monthly Interest 101,904,995.58 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 91,346.32 Class A4 508,746.21 ------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 8,599,492.13 Class A4 0.00 ------------- 8,599,492.13 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 7,501,503.45 Class A4 85,804,000.00 ------------- -------------- 93,305,503.45 ==============
Class A3
- -------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $74,000,000 Original Face $74,000,000 Balance Factor $ 1.234410 $ 116.209353 10.137167% - --------------------------------------------------------------------------------------------------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 1,361,961.94 Pool B 374,867.53 ------------- 1,736,829.47 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 8,016.28 Class B Monthly Interest - Pool B 2,206.41 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 127,833.27 Class B Monthly Principal - Pool B 18,748.98 ------------- 146,582.25 Ending Principal Balance of the Class B Notes Pool A 1,234,128.67 Pool B 356,118.55 ------------- -------------- 1,590,247.22 ==============
- ---------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,104,000 Original Face $4,104,000 Balance Factor $ 2.490909 $ 35.716923 38.748714% - -----------------------------------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 2,723,923.90 Pool B 749,735.06 ------------- 3,473,658.96 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 16,361.70 Class C Monthly Interest - Pool B 4,503.41 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 255,666.54 Class C Monthly Principal - Pool B 37,497.96 ------------- 293,164.50 Ending Principal Balance of the Class C Notes Pool A 2,468,257.36 Pool B 712,237.10 ------------- -------------- 3,180,494.46 ==============
- ----------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,208,000 Original Face $8,208,000 Balance Factor $ 2.542046 $ 35.716923 38.748714% - -----------------------------------------------------------------------------------------------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 1,815,949.27 Pool B 499,823.38 -------------- 2,315,772.65 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 11,641.75 Class D Monthly Interest - Pool B 3,204.28 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 170,444.36 Class D Monthly Principal - Pool B 24,998.64 -------------- 195,443.00 Ending Principal Balance of the Class D Notes Pool A 1,645,504.91 Pool B 474,824.74 -------------- ------------- 2,120,329.65 =============
- ----------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,472,000 Original Face $ 5,472,000 Balance Factor $ 2.713090 $ 35.716923 38.748714% - -----------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 2,269,936.57 Pool B 624,779.23 ------------ 2,894,715.80 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 19,421.20 Class E Monthly Interest - Pool B 5,345.51 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 213,055.45 Class E Monthly Principal - Pool B 31,248.30 ------------ 244,303.75 Ending Principal Balance of the Class E Notes Pool A 2,056,881.12 Pool B 593,530.93 ------------ ------------ 2,650,412.05 ============
- --------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,840,000 Original Face $6,840,000 Balance Factor $ 3.620864 $ 35.716923 38.748714% - ---------------------------------------------------------------------------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 2,725,103.84 Pool B 750,284.02 ------------ 3,475,387.86 Residual Interest - Pool A 19,594.43 Residual Interest - Pool B 5,392.77 Residual Principal - Pool A 255,666.54 Residual Principal - Pool B 37,497.96 ------------ 293,164.50 Ending Residual Principal Balance Pool A 2,469,437.30 Pool B 712,786.06 ------------ ------------ 3,182,223.36 ============
X. PAYMENT TO SERVICER - Collection period Servicer Fee 43,425.51 - Servicer Advances reimbursement 325,382.75 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 98,279.45 ---------- Total amounts due to Servicer 467,087.71 ==========
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 90,806,150.00 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 8,522,218.12 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ------------- ending of the related Collection Period 82,283,931.88 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 2,188,075.81 - Principal portion of Prepayment Amounts 6,334,142.31 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 8,522,218.12 ============ POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 24,995,210.28 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,249,932.02 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 23,745,278.26 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,127,116.59 - Principal portion of Prepayment Amounts 122,815.43 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------ Total Decline in Aggregate Discounted Contract Balance 1,249,932.02 ============ -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 106,029,210.14 ==============
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- --------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL A AT CLOSING DATE $186,735,373.96 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X -------- -------
Pool B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- --------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 86,877,354.94 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X -------- --------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------- --------------------------------------------- ------------- ----------- --------------- 1528-004 U.S. Neurological, Inc. $ 194,560.17 2042-202 $ 981,403.44 2826-001 Newark Health Imaging, L.L.C. $ 789,368.50 2875-008 MRI of River North, INC. et al $ 735,842.45 2314-004 $ 707,303.41 2709-202 Symmorphix, Inc. $ 390,173.53 2041-201 $ 526,898.39 2712-201 Matric Semiconductor, Inc. $ 123,333.71 2041-202 $ 87,853.47 2712-202 Matric Semiconductor, Inc. $ 102,100.09 3323-001 Open MRI Ohio I Ventures L.L.C. $1,018,210.69 2659-001 $ 567,212.03 Cash $ 116,213.37 2660-001 $ 567,212.03 3694-003 Community Radiology of Virginia, Inc. $ 607,349.06 973-021 $ 154,974.48 3698-002 Advanced Medical Imaging Center, Inc. $ 506,124.29 973-022 $ 31,639.99 3702-002 USDL Pittsburgh Inc & USDL Pittsburgh Holding $1,418,075.66 973-023 $ 49,476.32 973-026 $ 56,668.18 1969-102 $ 487,002.62 2590-001 $ 1,261,454.31 1081-501 $ 326,796.30 1081-503 $ 124,052.91 ------------- --------------- Totals: $6,001,351.52 $ 5,929,947.88 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 5,929,947.88 b) ADCB OF POOL A AT CLOSING DATE $186,735,373.96 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 3.18%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ---------- --------
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------- --------------------------------------------- ------------- ----------- --------------- 3313-001 Open MRI Missouri Ventures, LLC $1,103,064.69 1004-501 $ 60,739.26 3313-003 Open MRI Missouri Ventures, LLC $1,035,735.31 1004-502 $ 60,739.26 3309-002 Open MRI Illinois Ventures, LLC $ 998,471.79 2786-001 $ 3,010,223.86 3702-005 USDL Pittsburgh Inc & USDL Pittsburgh Holding $ 911,603.03 2140-501 $ 1,338,784.65 3718-001 USD Dayton, Inc., and USD Dayton Holding $ 809,799.02 2445-002 $ 224,427.12 2671-001 $ 75,159.10 -------------- --------------- Totals: $4,858,673.84 $ 4,770,073.25 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 4,770,073.25 b) ADCB OF POOL B AT CLOSING DATE $ 86,877,354.94 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 5.49%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------- --------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS This Month 1,185,083.69 This Month 106,029,210.14 1 Month Prior 1,447,490.72 1 Month Prior 115,801,360.28 2 Months Prior 1,538,503.88 2 Months Prior 119,836,710.24 Total 4,171,078.29 Total 341,667,280.66 a) 3 MONTH AVERAGE 1,390,359.43 b) 3 MONTH AVERAGE 113,889,093.55 c) a/b 1.22%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X ----- ------- 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X ----- ------- B. An Indenture Event of Default has occurred and is then continuing? Yes No X ----- ------- 4. Has a Servicer Event of Default occurred? Yes No X ----- ------- 5. Amortization Event Check A. Is 1c > 8% ? Yes No X ----- ------- B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No X ----- ------- C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X ----- ------- 6. Aggregate Discounted Contract Balance at Closing Date Balance $273,612,728.90 ---------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- -------- 31 - 60 2,081,818.85 33 61 - 90 207,685.40 14 91 - 180 1,185,083.69 21
Approved By: Matthew E. Goldenberg Vice President Structured Finance and Securitization EX-99.5 7 y85421exv99w5.txt SERVICER REPORT . . . DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 424,969.96 Available Funds: Contract Payments due and received in this period 4,336,367.15 Contract Payments due in prior period(s) and received in this period 296,441.97 Contract Payments received in this period for next period 166,505.04 Sales, Use and Property Tax, Maintenance, Late Charges 119,940.13 Prepayment Amounts related to early termination in this period 8,184,514.97 Servicer Advance 562,922.18 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 4,836.06 Interest earned on Collection Account 3,978.97 Interest earned on Affiliated Account 587.83 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Any other amounts 0.00 ------------- Total Available Funds 14,101,064.26 Less: Amounts to be Retained in Collection Account 479,728.78 ------------- AMOUNT TO BE DISTRIBUTED 13,621,335.48 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 296,441.97 3. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2 Principal (distributed after A1 Note matures) and Interest 0.00 a) Class A3 Principal (distributed after A2 Note matures) and Interest 11,007,091.14 a) Class A4 Principal (distributed after A3 Note matures) and Interest 518,751.20 b) Class B Principal and Interest 196,596.33 c) Class C Principal and Interest 393,194.63 d) Class D Principal and Interest 263,473.61 e) Class E Principal and Interest 339,054.68 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 45,739.84 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 369,670.33 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 4,836.06 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 124,506.93 7. To Servicer, Servicing Fee and other Servicing Compensations 61,978.76 ------------- TOTAL FUNDS DISTRIBUTED 13,621,335.48 ============= ------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 479,728.78 =============
II. RESERVE ACCOUNT Beginning Balance $4,876,395.87 - Add Investment Earnings 4,836.06 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 4,836.06 -------------- End of period balance $4,876,395.87 ============== Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $4,876,395.87 ==============
DVI RECEIVABLES XIV L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 128,854,466.41 Pool B 16,588,053.32 -------------- 145,442,519.73 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 604,700.65 Class A Monthly Interest - Pool B 77,846.02 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 10,044,033.93 Class A Monthly Principal - Pool B 799,261.74 -------------- 10,843,295.67 Ending Principal Balance of the Class A Notes Pool A 118,810,432.48 Pool B 15,788,791.58 -------------- --------------- 134,599,224.06 ===============
- ----------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $286,080,000 Original Face $286,080,000 Balance Factor $ 2.385859 $ 37.903019 47.049505% - -----------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 38,262,519.73 Class A4 107,180,000.00 -------------- Class A Monthly Interest 145,442,519.73 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 163,795.47 Class A4 518,751.20 -------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 10,843,295.67 Class A4 0.00 -------------- 10,843,295.67 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 27,419,224.06 Class A4 107,180,000.00 -------------- -------------- 134,599,224.06 ==============
Class A3
- ----------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $82,500,000 Original Face $82,500,000 Balance Factor $ 1.985400 $ 131.433887 33.235423% - -----------------------------------------------------------------------------------
DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 2,198,020.81 Pool B 282,961.76 ------------ 2,480,982.57 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 10,303.22 Class B Monthly Interest - Pool B 1,326.38 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 171,332.79 Class B Monthly Principal - Pool B 13,633.94 ------------ 184,966.73 Ending Principal Balance of the Class B Notes Pool A 2,026,688.02 Pool B 269,327.82 ------------ ------------ 2,296,015.84 ============
- -------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,880,000 Original Face $4,880,000 Balance Factor $ 2.383115 $ 37.903018 47.049505% - --------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 4,391,537.52 Pool B 565,343.69 ------------ 4,956,881.21 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 20,943.97 Class C Monthly Interest - Pool B 2,696.22 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 342,314.50 Class C Monthly Principal - Pool B 27,239.94 ------------ 369,554.44 Ending Principal Balance of the Class C Notes Pool A 4,049,223.02 Pool B 538,103.75 ------------ ------------ 4,587,326.77 ============
- -------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,750,000 Original Face $9,750,000 Balance Factor $ 2.424635 $ 37.903019 47.049505% - --------------------------------------------------------------------------
DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 2,927,691.63 Pool B 376,895.77 ------------ 3,304,587.40 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 15,153.24 Class D Monthly Interest - Pool B 1,950.75 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 228,209.66 Class D Monthly Principal - Pool B 18,159.96 ------------ 246,369.62 Ending Principal Balance of the Class D Notes Pool A 2,699,481.97 Pool B 358,735.81 ------------ ------------ 3,058,217.78 ============
- -------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,500,000 Original Face $6,500,000 Balance Factor $ 2.631383 $ 37.903018 47.049504% - --------------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 3,661,866.66 Pool B 471,409.67 ------------ 4,133,276.33 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 27,378.56 Class E Monthly Interest - Pool B 3,524.57 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 285,437.63 Class E Monthly Principal - Pool B 22,713.92 ------------ 308,151.55 Ending Principal Balance of the Class E Notes Pool A 3,376,429.03 Pool B 448,695.75 ------------ ------------ 3,825,124.78 ============
- -------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,130,000 Original Face $8,130,000 Balance Factor $ 3.801123 $ 37.903020 47.049505% - --------------------------------------------------------------------------
DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 4,392,914.74 Pool B 565,520.99 ------------ 4,958,435.73 Residual Interest - Pool A 40,523.21 Residual Interest - Pool B 5,216.63 Residual Principal - Pool A 342,421.85 Residual Principal - Pool B 27,248.48 ------------ 369,670.33 Ending Residual Principal Balance Pool A 4,050,492.89 Pool B 538,272.51 ------------ ------------ 4,588,765.40 ============
X. PAYMENT TO SERVICER - Collection period Servicer Fee 61,978.76 - Servicer Advances reimbursement 296,441.97 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 124,506.93 ---------- Total amounts due to Servicer 482,927.66 ==========
DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 146,426,497.77 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 11,413,750.35 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 135,012,747.42 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 3,463,909.27 - Principal portion of Prepayment Amounts 7,949,841.08 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------- Total Decline in Aggregate Discounted Contract Balance 11,413,750.35 ============= POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 18,850,185.17 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 908,257.98 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 17,941,927.19 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 716,614.55 - Principal portion of Prepayment Amounts 191,643.43 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ---------- Total Decline in Aggregate Discounted Contract Balance 908,257.98 ========== -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 152,954,674.61 ==============
DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------------------------------------------- ------------- ----------- --------------- 3355-004 New Valley Health Group, Inc. $1,178,581.83 4424-401 $ 1,264,331.32 Cash $ 520,726.22 4424-402 $ 434,976.73 ------------- --------------- Totals: $1,699,308.05 $ 1,699,308.05 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 1,699,308.05 b) ADCB OF POOL A AT CLOSING DATE $272,767,516.82 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.62%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X -------- ---------
POOL B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------- ----------------------------- ------------- ----------- --------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 52,325,540.92 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --------- --------
DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - --------------------------------------------------------- -------------- ----------- --------------- 2707-201 Amber Networks, Inc. $ 1,045,934.66 2041-203 $ 3,154,026.34 2707-202 Amber Networks, Inc. $ 491,545.72 2708-201 Network Elements, Inc. $ 1,305,725.82 2706-202 Coriolis Networks, Inc. $ 90,653.94 2706-207 Coriolis Networks, Inc. $ 215,544.48 Cash $ 4,621.72 2869-001 $ 2,037,442.62 3271-002 Durham Diagnostic Imaging $ 2,317,472.63 2769-001 $ 2,940,134.55 3702-003 USDL Pittsburgh Inc & USDL Pittsburgh Holding $ 2,946,305.69 2770-001 $ 3,087,098.20 3714-001 Kaley Imaging, Inc., and KI Holding, Inc. $ 1,470,213.52 2002918-002 $ 25,199.70 3718-006 USD Dayton, Inc. and USD Dayton Holding, Inc. $ 1,893,050.93 2004445-001 $ 85,324.68 2002452-001 $ 52,617.10 -------------- --------------- Totals: $11,781,069.11 $ 11,381,843.19 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 11,381,843.19 b) ADCB OF POOL A AT CLOSING DATE $272,767,516.82 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 4.17%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --------- --------
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ---------------------------------------------- ------------- ----------- -------------- None ------------- -------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $52,325,540.92 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ---------- --------
DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS This Month 4,335,170.68 This Month 152,954,674.61 1 Month Prior 1,929,417.18 1 Month Prior 165,276,682.94 2 Months Prior 469,420.50 2 Months Prior 174,314,736.17 Total 6,734,008.36 Total 492,546,093.72 a) 3 MONTH AVERAGE 2,244,669.45 b) 3 MONTH AVERAGE 164,182,031.24 c) a/b 1.37%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X --------------- -------------- 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X --------------- -------------- B. An Indenture Event of Default has occurred and is then continuing? Yes No X --------------- -------------- 4. Has a Servicer Event of Default occurred? Yes No X --------------- -------------- 5. Amortization Event Check A. Is 1c > 8% ? Yes No X --------------- -------------- B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No X --------------- -------------- C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X --------------- -------------- 6. Aggregate Discounted Contract Balance at Closing Date Balance $325,093,057.74 ---------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- -------- 31 - 60 2,945,551.22 34 61 - 90 1,930,001.92 11 91 - 180 4,335,170.68 15
Approved By: Matthew E. Goldenberg Vice President Structured Finance and Securitization EX-99.6 8 y85421exv99w6.txt SERVICER REPORT . . . DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 760,854.71 Available Funds: Contract Payments due and received in this period 6,006,761.89 Contract Payments due in prior period(s) and received in this period 670,423.79 Contract Payments received in this period for next period 124,274.48 Sales, Use and Property Tax, Maintenance, Late Charges 194,442.47 Prepayment Amounts related to early termination in this period 6,667,978.99 Servicer Advance 769,232.34 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 6,279.07 Interest earned on Collection Account 4,389.52 Interest earned on Affiliated Account 671.78 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Any other amounts 0.00 ------------- Total Available Funds 15,205,309.04 Less: Amounts to be Retained in Collection Account 609,312.15 ------------- AMOUNT TO BE DISTRIBUTED 14,595,996.89 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 670,423.79 3. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2 Principal (distributed after A1 Note matures) and Interest 0.00 a) Class A3 Principal (distributed after A2 Note matures) and Interest 11,304,409.65 a) Class A4 Principal (distributed after A3 Note matures) and Interest 517,178.81 b) Class B Principal and Interest 201,415.39 c) Class C Principal and Interest 404,773.88 d) Class D Principal and Interest 271,259.49 e) Class E Principal and Interest 355,299.78 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 124,298.63 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 375,499.56 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 6,279.07 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 199,503.77 7. To Servicer, Servicing Fee and other Servicing Compensations 165,655.07 ------------- TOTAL FUNDS DISTRIBUTED 14,595,996.89 ============= ------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 609,312.15 =============
II. RESERVE ACCOUNT Beginning Balance $6,443,748.69 - Add Investment Earnings 6,279.07 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 6,279.07 ------------- End of period balance $6,443,748.69 ============= Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $6,443,748.69 =============
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 185,526,405.25 Pool B 47,717,620.26 --------------- 233,244,025.51 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 641,615.73 Class A Monthly Interest - Pool B 165,024.36 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 9,151,564.50 Class A Monthly Principal - Pool B 1,863,383.87 --------------- 11,014,948.37 Ending Principal Balance of the Class A Notes Pool A 176,374,840.75 Pool B 45,854,236.39 --------------- -------------- 222,229,077.14 ==============
- --------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $378,036,000 Original Face $378,036,000 Balance Factor $ 2.133765 $ 29.137300 58.785163% - ---------------------------------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 98,708,025.51 Class A4 134,536,000.00 --------------- 233,244,025.51 Class A Monthly Interest Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 289,461.28 Class A4 517,178.81 --------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 11,014,948.37 Class A4 0.00 --------------- 11,014,948.37 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 87,693,077.14 Class A4 134,536,000.00 --------------- -------------- 222,229,077.14 ==============
Class A1
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $122,000,000 Original Face $122,000,000 Balance Factor $ 2.372633 $ 90.286462 71.879571% - --------------------------------------------------------------------------------------------------------------------
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 3,160,519.23 Pool B 812,889.43 --------------- 3,973,408.66 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 10,953.83 Class B Monthly Interest - Pool B 2,817.34 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 155,900.70 Class B Monthly Principal - Pool B 31,743.52 --------------- 187,644.22 Ending Principal Balance of the Class B Notes Pool A 3,004,618.53 Pool B 781,145.91 --------------- -------------- 3,785,764.44 ==============
- ----------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,440,000 Original Face $6,440,000 Balance Factor $ 2.138380 $ 29.137301 58.785162% - -----------------------------------------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 6,325,946.11 Pool B 1,627,041.16 --------------- 7,952,987.27 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 23,221.49 Class C Monthly Interest - Pool B 5,972.60 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 312,043.47 Class C Monthly Principal - Pool B 63,536.32 --------------- 375,579.79 Ending Principal Balance of the Class C Notes Pool A 6,013,902.64 Pool B 1,563,504.84 --------------- -------------- 7,577,407.48 ==============
- ----------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $12,890,000 Original Face $12,890,000 Balance Factor $ 2.264863 $ 29.137299 58.785163% - -----------------------------------------------------------------------------------------------------------
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 4,215,661.55 Pool B 1,084,273.35 --------------- 5,299,934.90 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 16,679.97 Class D Monthly Interest - Pool B 4,290.11 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 207,948.29 Class D Monthly Principal - Pool B 42,341.12 --------------- 250,289.41 Ending Principal Balance of the Class D Notes Pool A 4,007,713.26 Pool B 1,041,932.23 --------------- -------------- 5,049,645.49 ==============
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,590,000 Original Face $8,590,000 Balance Factor $ 2.441220 $ 29.137300 58.785163% - --------------------------------------------------------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 5,270,803.82 Pool B 1,355,657.25 --------------- 6,626,461.07 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 33,698.01 Class E Monthly Interest - Pool B 8,667.17 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 259,995.88 Class E Monthly Principal - Pool B 52,938.72 --------------- 312,934.60 Ending Principal Balance of the Class E Notes Pool A 5,010,807.94 Pool B 1,302,718.53 --------------- -------------- 6,313,526.47 ==============
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $10,740,000 Original Face $10,740,000 Balance Factor $ 3.944616 $ 29.137300 58.785163% - --------------------------------------------------------------------------------------------------------------------
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 6,324,594.64 Pool B 1,626,693.56 --------------- 7,951,288.20 Residual Interest - Pool A 96,255.11 Residual Interest - Pool B 28,043.52 Residual Principal - Pool A 311,976.81 Residual Principal - Pool B 63,522.75 --------------- 375,499.56 Ending Residual Principal Balance Pool A 6,012,617.83 Pool B 1,563,170.81 --------------- -------------- 7,575,788.64 ==============
X. PAYMENT TO SERVICER - - Collection period Servicer Fee 165,655.07 - - Servicer Advances reimbursement 670,423.79 - - Tax, Maintenance, Late Charges, Bank Interest and other amounts 199,503.77 -------------- Total amounts due to Servicer 1,035,582.63 ==============
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 210,823,930.58 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 10,399,429.65 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 200,424,500.93 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 4,083,490.17 - Principal portion of Prepayment Amounts 6,315,939.48 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------- Total Decline in Aggregate Discounted Contract Balance 10,399,429.65 ============= POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 54,224,174.97 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 2,117,466.31 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 52,106,708.66 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,600,625.22 - Principal portion of Prepayment Amounts 516,841.09 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------- Total Decline in Aggregate Discounted Contract Balance 2,117,466.31 ============= -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 252,531,209.59 ==============
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------------------------------------------------- ------------- ----------- -------------- 3092-701 RADIOLOGY SPECIALISTS, LTD $ 1,285,497.56 3083-701 $ 619,156.09 1026-005 THE HIT FACTORY, INC $ 3,940,729.70 2706-201 $ 81,139.77 3729-001 MEADOWBROOK PET ASSOC $ 1,587,776.40 2706-203 $ 173,283.13 3729-002 MEADOWBROOK PET ASSOC $ 274,210.76 2706-204 $ 69,644.93 CASH $ 134,588.62 2706-205 $ 564,127.48 2706-206 $ 150,000.35 2706-208 $ 272,302.96 2706-209 $ 445,577.17 2706-210 $ 51,850.10 2714-201 $ 647,026.56 2714-202 $ 561,533.95 3020-001 $ 2,920,819.08 2140-502 THE HIT FACTORY OF FLORIDA $ 1,662,459.55 2046-203 $ 390,131.10 CASH $45,960.10 2716-201 $ 1,047,478.02 2716-202 $ 270,810.53 -------------- -------------- Totals: $ 8,931,222.69 $ 8,264,881.22
a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 8,264,881.22 b) ADCB OF POOL A AT CLOSING DATE $ 323,844,130.83 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 2.55%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) >(b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------- -------
POOL B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- -------------- NONE ------------- -------------- Totals: $0.00 $0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 105,739,115.35 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) >(b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------- -------
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------- --------------------------------------- -------------- ----------- -------------- 3694-002 Community Radiology of Virginia, Inc. $ 3,261,116.93 2771-001 $ 3,215,821.21 3718-002 USD Dayton, Inc. and USD Dayton Holding $ 758,012.82 2973-003 $ 180,086.79 3718-003 USD Dayton, Inc. and USD Dayton Holding $ 2,385,619.17 3042-701 $ 496,910.77 3042-702 $ 496,545.09 3042-703 $ 568,430.94 2696-001 $ 229,571.22 1789-003 $ 245,541.19 2973-001 $ 545,805.09 2003385-004 $ 228,502.25 2008553-001 $ 27,358.62 2009504-003 $ 15,700.20 -------------- -------------- Totals: $ 6,404,748.92 $ 6,250,273.37
a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 6,250,273.37 b) ADCB OF POOL A AT CLOSING DATE $ 323,844,130.83 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 1.93%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) >(b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------- -------
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- --------------------------------- ------------- ----------- -------------- None ------------- -------------- Totals: $0.00 $0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 105,739,115.35 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ------- -------
DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS This Month 9,547,856.44 This Month 252,531,209.59 1 Month Prior 5,790,933.17 1 Month Prior 265,048,105.55 2 Months Prior 6,584,090.76 2 Months Prior 271,922,260.39 Total 21,922,880.37 Total 789,501,575.53 a) 3 MONTH AVERAGE 7,307,626.79 b) 3 MONTH AVERAGE 263,167,191.84 c) a/b 2.78%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X ------- ------- 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X ------- ------- B. An Indenture Event of Default has occurred and is then continuing? Yes No X ------- ------- 4. Has a Servicer Event of Default occurred? Yes No X ------- ------- 5. Amortization Event Check A. Is 1c > 8% ? Yes No X ------- ------- B. Bankruptcy, insolvency, reorganization; default/ violation of any covenant or obligation not remedied within 90 days? Yes No X ------- ------- C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X ------- ------- 6. Aggregate Discounted Contract Balance at Closing Date Balance $ 429,583,246.18 ----------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- -------- 31 - 60 14,404,707.73 28 61 - 90 1,521,482.53 13 91 - 180 9,547,856.44 19
Approved By: Matthew E. Goldenberg Vice President Structured Finance and Securitization EX-99.7 9 y85421exv99w7.txt SERVICER REPORT . . . DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 716,390.25 Available Funds: Contract Payments due and received in this period 7,204,595.16 Contract Payments due in prior period(s) and received in this period 619,205.18 Contract Payments received in this period for next period 137,958.94 Sales, Use and Property Tax, Maintenance, Late Charges 219,124.17 Prepayment Amounts related to early termination in this period 8,711,858.69 Servicer Advance 897,176.56 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 6,089.27 Interest earned on Collection Account 4,891.33 Interest earned on Affiliated Account 771.72 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Any other amounts 0.00 -------------- Total Available Funds 18,518,061.27 Less: Amounts to be Retained in Collection Account 529,129.98 -------------- AMOUNT TO BE DISTRIBUTED 17,988,931.29 ============== DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 619,205.18 3. To Bank of America Derivative Settlement 485,633.37 4. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2 Principal (distributed after A1 Note matures) and Interest 13,734,891.67 a) Class A3 Principal (distributed after A2 Note matures) and Interest 294,193.31 a) Class A4 Principal (distributed after A3 Note matures) and Interest 291,337.50 b) Class B Principal and Interest 252,744.96 c) Class C Principal and Interest 510,324.54 d) Class D Principal and Interest 340,926.96 e) Class E Principal and Interest 448,232.06 5. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 6. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 91,239.43 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 465,466.90 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 6,089.27 7. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 224,787.22 8. To Servicer, Servicing Fee and other Servicing Compensations 223,858.92 -------------- TOTAL FUNDS DISTRIBUTED 17,988,931.29 ============== -------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 529,129.98 ==============
II. RESERVE ACCOUNT Beginning Balance $ 6,821,018.04 - Add Investment Earnings 6,089.27 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 6,089.27 -------------- End of period balance $ 6,821,018.04 ============== Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $ 6,821,018.04 ==============
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 243,215,911.59 Pool B 71,981,868.39 --------------- 315,197,779.98 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 514,704.30 Class A Monthly Interest - Pool B 152,331.22 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 10,910,529.47 Class A Monthly Principal - Pool B 2,742,857.49 --------------- 13,653,386.96 Ending Principal Balance of the Class A Notes Pool A 232,305,382.12 Pool B 69,239,010.90 --------------- -------------- 301,544,393.02 ==============
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $400,172,000 Original Face $400,172,000 Balance Factor $ 1.666872 $ 34.118796 75.353696% - --------------------------------------------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 34,197,779.98 Class A3a 204,500,000.00 Class A3b 76,500,000.00 --------------- Class A Monthly Interest 315,197,779.98 Class A1 (Actual Number Days/360) 0.00 Class A2 81,504.71 Class A3a 294,193.31 Class A3b 291,337.50 --------------- Class A Monthly Principal Class A1 0.00 Class A2 13,653,386.96 Class A3a 0.00 Class A3b 0.00 --------------- 13,653,386.96 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 20,544,393.02 Class A3a 204,500,000.00 Class A3b 76,500,000.00 ---------------- -------------- 301,544,393.02 ==============
Class A1
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $54,600,000 Original Face $54,600,000 Balance Factor $ 1.492760 $ 250.062032 37.627093% - --------------------------------------------------------------------------------------------------------------------
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 4,145,048.93 Pool B 1,226,763.36 --------------- 5,371,812.29 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 15,474.85 Class B Monthly Interest - Pool B 4,579.92 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 185,944.57 Class B Monthly Principal - Pool B 46,745.62 -------------- 232,690.19 Ending Principal Balance of the Class B Notes Pool A 3,959,104.36 Pool B 1,180,017.74 -------------- -------------- 5,139,122.10 ==============
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,820,000 Original Face $6,820,000 Balance Factor $ 2.940582 $ 34.118796 75.353696% - --------------------------------------------------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 8,290,097.83 Pool B 2,453,526.70 --------------- 10,743,624.53 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 34,680.24 Class C Monthly Interest - Pool B 10,263.92 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 371,889.14 Class C Monthly Principal - Pool B 93,491.24 --------------- 465,380.38 Ending Principal Balance of the Class C Notes Pool A 7,918,208.69 Pool B 2,360,035.46 --------------- -------------- 10,278,244.15 ==============
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $13,640,000 Original Face $13,640,000 Balance Factor $ 3.295026 $ 34.118796 75.353696% - --------------------------------------------------------------------------------------------------------------------
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 5,524,705.96 Pool B 1,635,084.86 --------------- 7,159,790.82 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 23,756.24 Class D Monthly Interest - Pool B 7,030.86 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 247,835.21 Class D Monthly Principal - Pool B 62,304.65 --------------- 310,139.86 Ending Principal Balance of the Class D Notes Pool A 5,276,870.75 Pool B 1,572,780.21 --------------- -------------- 6,849,650.96 ==============
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,090,000 Original Face $9,090,000 Balance Factor $ 3.386920 $ 34.118796 75.353696% - --------------------------------------------------------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 6,910,440.80 Pool B 2,045,205.17 --------------- 8,955,645.97 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 46,530.30 Class E Monthly Interest - Pool B 13,771.05 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 309,998.50 Class E Monthly Principal - Pool B 77,932.21 --------------- 387,930.71 Ending Principal Balance of the Class E Notes Pool A 6,600,442.30 Pool B 1,967,272.96 --------------- -------------- 8,567,715.26 ==============
- -------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $11,370,000 Original Face $11,370,000 Balance Factor $ 5.303549 $ 34.118796 75.353696% - --------------------------------------------------------------------------------------------------------------------
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 8,291,638.99 Pool B 2,453,982.79 ------------ 10,745,621.78 Residual Interest - Pool A 70,301.96 Residual Interest - Pool B 20,937.47 Residual Principal - Pool A 371,958.28 Residual Principal - Pool B 93,508.62 ------------ 465,466.90 Ending Residual Principal Balance Pool A 7,919,680.71 Pool B 2,360,474.17 ------------ ------------- 10,280,154.88 =============
X. PAYMENT TO SERVICER - - Collection period Servicer Fee 223,858.92 - - Servicer Advances reimbursement 619,205.18 - - Tax, Maintenance, Late Charges, Bank Interest and other amounts 224,787.22 ------------ Total amounts due to Servicer 1,067,851.32 ============
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 276,377,844.10 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 12,398,155.17 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 263,979,688.93 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 4,677,707.12 - Principal portion of Prepayment Amounts 7,720,448.05 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------- Total Decline in Aggregate Discounted Contract Balance 12,398,155.17 ============= POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 81,796,431.30 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 3,116,839.83 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 78,679,591.47 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 2,149,452.49 - Principal portion of Prepayment Amounts 967,387.34 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------- Total Decline in Aggregate Discounted Contract Balance 3,116,839.83 ============= -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 342,659,280.40 ==============
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------- ---------------------------------- --------------- ----------- --------------- 3446-004 Bethesda Regional Cancer Treatment $ 657,993.20 2879-002 $ 438,601.04 3446-005 Bethesda Regional Cancer Treatment $ 806,918.85 3220-002 $ 2,998,755.95 3446-006 Bethesda Regional Cancer Treatment $ 1,496,057.34 3446-007 Bethesda Regional Cancer Treatment $ 437,159.27 Cash $ 39,228.33 3355-003 New Valley Health Group $ 1,206,272.40 2716-203 $ 316,980.82 2716-204 $ 324,118.47 2046-204 $ 241,219.41 2046-205 $ 228,201.51 --------------- --------------- Totals: $ 4,643,629.39 $ 4,547,877.20 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 4,547,877.20 b) ADCB OF POOL A AT CLOSING DATE $336,802,716.30 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 1.35%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ----- -----
POOL B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- --------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $117,931,819.40 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ----- -----
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------- ----------------------------------- --------------- ----------- --------------- 3714-002 Kaley Imaging, Inc., and KI Holding $ 1,077,801.74 3196-001 $ 676,598.53 Cash $ 186,640.06 3196-002 $ 240,400.54 3196-003 $ 79,697.00 3116-402 $ 97,806.30 3116-404 $ 43,955.63 3116-405 $ 125,983.80 --------------- --------------- Totals: $ 1,264,441.80 $ 1,264,441.80 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 1,264,441.80 b) ADCB OF POOL A AT CLOSING DATE $336,802,716.30 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.38%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ----- -----
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - -------- ---------------------------------- --------------- ----------- --------------- 3694-001 Community Radiology of Virginia $ 2,833,341.68 1377-006 $ 1,547,323.56 3730-002 MICA Imaging, Inc., and MI Imaging $ 3,815,001.24 288-097 $ 697,415.55 288-098 $ 22,467.83 1971-091 $ 665,899.16 2478-002 $ 477,187.21 2478-091 $ 51,246.48 3273-002 $ 2,581,143.34 3251-003 $ 85,517.94 --------------- --------------- Totals: $ 6,648,342.92 $ 6,128,201.07 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 6,128,201.07 b) ADCB OF POOL B AT CLOSING DATE $117,931,819.40 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 5.20%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ----- -----
DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE APRIL 11, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS This Month 7,294,943.20 This Month 342,659,280.40 1 Month Prior 7,054,859.78 1 Month Prior 358,174,275.40 2 Months Prior 6,499,276.50 2 Months Prior 365,302,537.66 Total 20,849,079.48 Total 1,066,136,093.46 a) 3 MONTH AVERAGE 6,949,693.16 b) 3 MONTH AVERAGE 355,378,697.82 c) a/b 1.96%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X ------------------- ------------ 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X ------------------- ------------ B. An Indenture Event of Default has occurred and is then continuing? Yes No X ------------------- ------------ 4. Has a Servicer Event of Default occurred? Yes No X ------------------- ------------ 5. Amortization Event Check A. Is 1c > 8% ? Yes No X ------------------- ------------ B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No X ------------------- ------------ C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X ------------------- ------------ 6. Aggregate Discounted Contract Balance at Closing Date Balance $ 454,734,535.69 ---------------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- --------- 31 - 60 3,307,763.52 41 61 - 90 537,628.17 14 91 - 180 7,294,943.20 33
EX-99.8 10 y85421exv99w8.txt SERVICER REPORT . . . DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 1,840,452.07 Available Funds: Contract Payments due and received in this period 7,678,794.54 Contract Payments due in prior period(s) and received in this period 634,451.79 Contract Payments received in this period for next period 351,901.32 Sales, Use and Property Tax, Maintenance, Late Charges 245,512.54 Prepayment Amounts related to early termination in this period 4,492,838.16 Servicer Advance 871,694.57 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Accounts 10,199.87 Interest earned on Collection Account 5,469.48 Interest earned on Affiliated Account 1,180.89 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01(Substituted contract < Predecessor contract) 0.00 Due from Bank of America Derivative Settlement 0.00 Any other amounts 0.00 -------------- Total Available Funds 16,132,495.23 Less: Amounts to be Retained in Collection Account 1,555,647.61 -------------- AMOUNT TO BE DISTRIBUTED 14,576,847.62 ============== DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 634,451.79 3. To Bank of America Derivative Settlement 231,320.49 4. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 10,646,019.77 a) Class A2a Principal (distributed after A1 Note matures) and Interest 35,320.32 a) Class A2b Principal (distributed after A1 Note matures) and Interest 40,833.33 a) Class A3a Principal (distributed after A2 Note matures) and Interest 336,212.25 a) Class A3b Principal (distributed after A2 Note matures) and Interest 258,000.00 b) Class B Principal and Interest 199,866.27 c) Class C Principal and Interest 407,424.48 d) Class D Principal and Interest 268,516.61 e) Class E Principal and Interest 372,647.55 5. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 6. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 613,652.94 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 0.00 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 10,199.87 7. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 252,162.91 8. To Servicer, Servicing Fee and other Servicing Compensations 270,219.04 -------------- TOTAL FUNDS DISTRIBUTED 14,576,847.62 ============== -------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 1,555,647.61 ==============
II. RESERVE ACCOUNT Beginning Balance $11,560,273.87 - Add Investment Earnings 10,199.87 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 10,199.87 -------------- End of period balance $11,560,273.87 ============== Reserve Account Requirement (Lesser of: (i) Initial Reserve Account Required Amount, or (ii) Sum of Class A, Class B, Class C, Class D, and Class E Note Balances. $11,560,273.87 ==============
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 315,747,393.09 Pool B 63,901,428.08 -------------- 379,648,821.17 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 612,428.25 Class A Monthly Interest - Pool B 123,944.15 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 6,370,570.54 Class A Monthly Principal - Pool B 4,209,442.73 -------------- 10,580,013.27 Ending Principal Balance of the Class A Notes Pool A 309,376,822.55 Pool B 59,691,985.35 -------------- -------------- 369,068,807.90 ==============
- ------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $406,920,000 Original Face $406,920,000 Balance Factor $ 1.809624 $ 26.000229 90.698124% - -------------------------------------------------------------------------------------
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 44,448,821.17 Class A2a 25,000,000.00 Class A2b 25,000,000.00 Class A3a 199,200,000.00 Class A3b 86,000,000.00 -------------- 379,648,821.17 Class A Monthly Interest Class A1 (Actual Number Days/360) 66,006.50 Class A2a (Actual Number Days/360) 35,320.32 Class A2b 40,833.33 Class A3a (Actual Number Days/360) 336,212.25 Class A3b 258,000.00 -------------- Class A Monthly Principal Class A1 10,580,013.27 Class A2a 0.00 Class A2b 0.00 Class A3a 0.00 Class A3b 0.00 -------------- 10,580,013.27 Ending Principal Balance of the Class A Notes Class A1 33,868,807.90 Class A2a 25,000,000.00 Class A2b 25,000,000.00 Class A3a 199,200,000.00 Class A3b 86,000,000.00 -------------- 369,068,807.90 ==============
Class A1
- ------------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $71,720,000 Original Face $71,720,000 Balance Factor $ 0.920336 $ 147.518311 47.223659% - ------------------------------------------------------------------------------------
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 5,385,055.81 Pool B 1,089,835.62 ------------ 6,474,891.43 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 16,155.17 Class B Monthly Interest - Pool B 3,269.51 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 108,649.76 Class B Monthly Principal - Pool B 71,791.83 ------------ 180,441.59 Ending Principal Balance of the Class B Notes Pool A 5,276,406.05 Pool B 1,018,043.79 ------------ ------------ 6,294,449.84 ============
- ---------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,940,000 Original Face $6,940,000 Balance Factor $ 2.798945 $ 26.000229 90.698124% - ----------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 10,762,352.16 Pool B 2,178,100.87 ------------- 12,940,453.03 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 38,923.84 Class C Monthly Interest - Pool B 7,877.46 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 217,142.96 Class C Monthly Principal - Pool B 143,480.22 ------------- 360,623.18 Ending Principal Balance of the Class C Notes Pool A 10,545,209.20 Pool B 2,034,620.65 ------------- -------------- 12,579,829.85 ==============
- ---------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $13,870,000 Original Face $13,870,000 Balance Factor $ 3.374283 $ 26.000229 90.698124% - -----------------------------------------------------------------------------
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 7,177,487.93 Pool B 1,452,590.71 ------------ 8,630,078.64 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A (Actual Number Days/360) 23,299.17 Class D Monthly Interest - Pool B (Actual Number Days/360) 4,715.32 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 144,814.16 Class D Monthly Principal - Pool B 95,687.96 ------------ 240,502.12 Ending Principal Balance of the Class D Notes Pool A 7,032,673.77 Pool B 1,356,902.75 ------------ ------------ 8,389,576.52 ============
- ---------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,250,000 Original Face $9,250,000 Balance Factor $ 3.028594 $ 26.000229 90.698125% - ----------------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 8,969,920.04 Pool B 1,815,345.78 ------------ 10,785,265.82 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A (Actual Number Days/360) 59,951.77 Class E Monthly Interest - Pool B (Actual Number Days/360) 12,133.13 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 180,978.56 Class E Monthly Principal - Pool B 119,584.09 ------------ 300,562.65 Ending Principal Balance of the Class E Notes Pool A 8,788,941.48 Pool B 1,695,761.69 ------------ ------------- 10,484,703.17 =============
- ---------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $11,560,000 Original Face $11,560,000 Balance Factor $ 6.235718 $ 26.000229 90.698124% - ----------------------------------------------------------------------------
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 11,377,024.07 Pool B 2,493,930.77 ------------- 13,870,954.84 Residual Interest - Pool A 150,279.52 Residual Interest - Pool B 463,373.42 Residual Principal - Pool A 0.00 Residual Principal - Pool B 0.00 ------------- 0.00 Ending Residual Principal Balance Pool A 11,377,024.07 Pool B 2,493,930.77 ------------- ------------- 13,870,954.84 =============
X. PAYMENT TO SERVICER - - Collection period Servicer Fee 270,219.04 - - Servicer Advances reimbursement 634,451.79 - - Tax, Maintenance, Late Charges, Bank Interest and other amounts 252,162.91 ------------ Total amounts due to Servicer 1,156,833.74 ============
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XI. AGGREGATE DISCOUNTED CONTRACT BALANCE POOL A Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 359,419,233.12 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 7,022,155.97 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 352,397,077.15 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 5,306,368.91 - Principal portion of Prepayment Amounts 1,715,787.06 ------------ Total Decline in Aggregate Discounted Contract Balance 7,022,155.97 ============ POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 72,931,231.81 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 4,639,986.84 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 68,291,244.97 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,879,349.30 - Principal portion of Prepayment Amounts 2,760,637.54 ------------ Total Decline in Aggregate Discounted Contract Balance 4,639,986.84 ============ -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 420,688,322.12 ==============
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS POOL A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- --------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL A AT CLOSING DATE $379,271,695.85 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X -------- --------
POOL B
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- --------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 83,139,258.99 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL UNLESS RATING AGENCY APPROVES) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X -------- --------
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B) POOL A - NON-PERFORMING
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- --------------- NONE $ 0.00 ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS 0.00 b) ADCB OF POOL A AT CLOSING DATE $379,271,695.85 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X -------- --------
POOL B - GENERAL CONTRACT SUBSTITUTION RIGHTS
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ------- ----------- ------------- ----------- --------------- NONE ------------- --------------- Totals: $ 0.00 $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $ 83,139,258.99 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%
* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00
CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X -------- --------
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE APRIL 14, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. AGGREGATE DISCOUNTED CONTRACT BALANCE CONTRACTS DELINQUENT > 90 DAYS TOTAL OUTSTANDING CONTRACTS This Month 1,380,590.27 This Month 420,688,322.12 1 Month Prior 2,889,227.23 1 Month Prior 432,350,464.93 2 Months Prior 2,443,948.14 2 Months Prior 439,943,528.87 Total 6,713,765.64 Total 1,292,982,315.92 a) 3 MONTH AVERAGE 2,237,921.88 b) 3 MONTH AVERAGE 430,994,105.31 c) a/b 0.52%
2. Does a Delinquency Condition Exist (1c > 6% )? Yes No X ------------- ------------ 3. Restricting Event Check A. A Delinquency Condition exists for current period? Yes No X ------------- ------------ B. An Indenture Event of Default has occurred and is then continuing? Yes No X ------------- ------------ 4. Has a Servicer Event of Default occurred? Yes No X ------------- ------------ 5. Amortization Event Check A. Is 1c > 8% ? Yes No X ------------- ------------ B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No X ------------- ------------ C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADCB on the Closing Date? Yes No X ------------- ------------ 6. Aggregate Discounted Contract Balance at Closing Date Balance $ 454,734,535.69 -----------------
DELINQUENT LEASE SUMMARY
Days Past Due Current Pool Balance # Leases - ------------- -------------------- -------- 31 - 60 4,844,155.14 38 61 - 90 3,759,463.67 21 91 - 180 1,380,590.27 32
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