-----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, NgzIw/zrPBJWgP6ms7PJB4oieONezq3wns35ZGWrRkncT637TkmofcDn1rOXrrCI RpbTqaX8fzfb+aQIL/O65Q== 0000950123-03-011344.txt : 20031014 0000950123-03-011344.hdr.sgml : 20031013 20031014112306 ACCESSION NUMBER: 0000950123-03-011344 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20031009 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031014 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: 03938477 BUSINESS ADDRESS: STREET 1: 2500 YORK PARK CITY: JAMISON STATE: PA ZIP: 18929 BUSINESS PHONE: 2153456600 8-K 1 y90580e8vk.txt DVI RECEIVABLES CORP. VIII UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): October 9, 2003 DVI Receivables Corp. VIII - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) DELAWARE 333-81454 25-1824148 - -------------------------------------------------------------------------------- (State or Other (Commission (IRS Employer Jurisdiction of Formation) File Number) Identification Number) 2500 YORK ROAD, JAMISON, PA 18929 Registrant's Telephone Number, Including Area Code: (215) 488-5000 N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. Other Events and Required FD Disclosure On October 8, 2003, DVI Financial Services Inc., as servicer (the "Servicer"), made available to U.S. Bank National Association (the "Trustee"), as trustee for the noteholders of DVI Receivables VIII L.L.C., DVI Receivables X L.L.C., DVI Receivables XI L.L.C., DVI Receivables XII L.L.C., DVI Receivables XIV L.L.C., DVI Receivables XVI L.L.C., DVI Receivables XVII L.L.C., DVI Receivables XVIII L.L.C. and DVI Receivables XIX L.L.C. (collectively, the "Issuers"), its monthly servicer reports for the payment dates of September 11, September 12 and September 15, 2003, as applicable, which monthly servicer reports are attached hereto as Exhibits 99.2 through 99.10. In addition, the Servicer provided the Trustee with a letter, a copy of which is attached hereto as Exhibit 99.1, addressing certain open issues with respect to these reports and servicer advances. On October 9, 2003, the Trustee provided notice to the noteholders of the Issuers that it would not be paying the principal payments under the indentures relating to the notes. A copy of the notice is attached hereto as Exhibit 99.11. On August 25, 2003, the Servicer, together with DVI, Inc. and DVI Business Credit Corporation, filed a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware, located in Wilmington, Delaware. In conjunction with the filing, certain members of the Servicer's senior management resigned and AP Services, LLC ("APS"), an affilate of AlixPartners, LLC, was appointed to manage the Servicer and certain of its affiliates through the bankruptcy process. In the short period since its appointment, APS has been working to familiarize itself with the Issuers' securitization programs and the Servicer's servicing operations, in addition to handling various matters associated with the bankruptcy proceedings and the operations of the Servicer and its affiliates. Although APS has endeavored to ensure that the monthly servicer reports were prepared in accordance with the Servicer's past practices and standards, APS has not had the opportunity to evaluate these practices and standards to determine whether they are adequate, appropriate or in compliance with the terms of the contribution and servicing agreements pursuant to which they were performed. APS has further not had the opportunity to evaluate the Servicer's internal controls over its financial reporting, but believes that such internal controls may have material weaknesses. The monthly servicer reports have not been reviewed or approved by any third party. As outlined in the attached letter, the monthly servicer reports do not reflect the occurrence of an Amortization Event, a Servicer Event of Default or an Indenture Event of Default, although the Trustee has alleged that one has occurred, and there can be no assurance that the Trustee will agree with the content of these servicer reports. As a result of these factors, the Servicer has determined not to certify the monthly servicer reports attached to this Current Report on Form 8-K. However, DVI Receivables Corp. VIII is filing the monthly servicer reports on this Form 8-K because they have been provided to the trustee to facilitate the trustee's distributions to investors. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (a) Exhibits 99.1 Letter from DVI Financial Services Inc., to Timothy G. Pillar, Vice President, U.S. Bank Corporate Trust Services, dated October 7, 2003 99.2 DVI Receivables VIII 1991-1 Servicer Report for the payment date September 15, 2003 99.3 DVI Receivables X 1999-2 Servicer Report for payment date September 15, 2003 99.4 DVI Receivables XI, L.L.C. 2000-1 for payment date September 15, 2003 99.5 DVI Receivables XII L.L.C. 2000-2 for the payment date September 12, 2003 99.6 DVI Receivables XIV L.L.C. 2001-1 for the payment date September 11, 2003 99.7 DVI Receivables XVI L.L.C. 2001-2 for the payment date September 11, 2003 99.8 DVI Receivables XVII L.L.C. 2002-1 for the payment date September 11, 2003 99.9 DVI Receivables XVIII L.L.C. 2002-2 for the payment date September 12, 2003 99.10 DVI Receivables XIX L.L.C. 2003-1 for the payment date September 12, 2003 99.11 Notice given by U.S. Bank Corporate Trust Services to holders of Notes issued by: DVI Receivables VIII L.L.C.; DVI Receivables X L.L.C.; DVI Receivables XI L.L.C.; DVI Receivables XII L.L.C.; DVI Receivables XIV L.L.C.; DVI Receivables XVI L.L.C.; DVI Receivables XVII L.L.C.; DVI Receivables XVIII L.L.C.; DVI Receivables XIX L.L.C., dated October 9, 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 By: /s/ Laurence J. Arnold ---------------------- Laurence J. Arnold Secretary Dated: October 9, 2003 EX-99.1 3 y90580exv99w1.txt LETTER TO PILLAR Exhibit 99.1 [DVI Financial Services Inc. Logo] October 7, 2003 VIA FACSIMILE AND OVERNIGHT DELIVERY Timothy G. Pillar Vice President U.S. Bank Corporate Trust Services EP-MN-WS3S 60 Livingston Avenue St. Paul, MN 55107-2292 Dear Tim: Enclosed please find September 2003 servicer reports prepared by DVI Financial Services, Inc. ("DVI Financial Services") for DVI Receivables VIII LLC, DVI Receivables X LLC, DVI Receivables XI LLC, DVI Receivables XII LLC, DVI Receivables XIV LLC, DVI Receivables XVI LLC, DVI Receivables XVII LLC, DVI Receivables XVIII LLC and DVI Receivables XIX LLC (the "DVI Receivables LLCs"). A summary sheet also is enclosed for your review. The attached materials provide detailed support for a calculation of a net servicer advance of approximately $7.8 million for September 2003, prepared based on the assumption that no Amortization Events, Servicer Events of Default or Indenture Events of Default have occurred. Based on a meeting with U.S. Bank and representatives of the Ad Hoc Securitization Holders' Committee (the "Ad Hoc Committee") on Thursday, October 2, 2003, as well as notice sent by U.S. Bank as Trustee for the DVI Receivables LLCs on September 15, 2003, it is clear that U.S. Bank and the Ad Hoc Committee believe that an Amortization Event, Servicer Events of Default and Indenture Events of Default under the terms of the respective Indentures have occurred. DVI Financial Services disagrees with such assertion. As discussed in the October 2, 2003 meeting, DVI Financial Services remains prepared to fund servicer advances, including the $7.8 million for September 2003, to the extent that it can be assured that such advances will not be used for the accelerated amortization of the notes issued by the DVI Receivables LLCs. Until such time, DVI Financial Services will refrain from making such advances, but will endeavor to file servicer reports on a timely basis and continue to work with U.S. Bank and the Ad Hoc Committee toward an equitable resolution of the issues. Please note that the servicer reports calculate that DVI Financial Services is due various amounts for, among other things, servicer advances, non-recoverable servicer advances, servicing fees, taxes, maintenance and late charges. Please direct any questions regarding this notice to DVI Servicing Manager by phone at (215) 488-5000 or by U.S. mail at the above address. DVI FINANCIAL SERVICES, INC. OCTOBER 7, 2003 DVI FINANCIAL SERVICES SERVICER ADVANCE ANALYSIS - SEPTEMBER

EX-99.2 4 y90580exv99w2.txt SERVICER REPORT: DVI RECEIVABLES VIII . . . Exhibit 99.2 DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 547,199.57 Available Funds: Contract Payments due and received in this period 1,635,399.18 Contract Payments due in prior period(s) and received in this period 41,841.59 Contract Payments received in this period for next period 33,233.80 Sales, Use and Property Tax payments received 18,304.08 Prepayment Amounts related to early termination in this period 1,328.88 Servicer Advance 617,545.04 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 5,320.12 Interest earned on Collection Account 1,459.66 Interest earned on SPG Account 26.27 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 5,104.61 ------------- Total Available Funds 2,906,762.80 Less: Amounts to be Retained in Collection Account 435,347.88 ------------- AMOUNT TO BE DISTRIBUTED 2,471,414.92 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 47,161.71 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 2,099,376.03 b) Class B Principal and Interest 35,753.27 c) Class C Principal and Interest 71,728.36 d) Class D Principal and Interest 48,088.73 e) Class E Principal and Interest 61,595.84 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 3,511.02 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 4,745.25 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 63,575.92 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 0.00 6. To Servicer, Tax, Maintenance, Late Charges and Bank interest earned and any other amounts 24,894.62 7. To Servicer, Servicing Fee and other Servicing Compensations 10,984.17 -------------- TOTAL FUNDS DISTRIBUTED 2,471,414.92 ============= ------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 435,347.88 ============= II. RESERVE ACCOUNT Beginning Balance 2,511,821.93 - Add Investment Earnings 1,809.10 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 3,511.02 - Less Distribution to Certificate Account 5,320.12 ------------- 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 =============

DIV RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 22,148,431.74 Pool B 3,632,940.09 -------------- Class A Overdue Interest, if any 0.00 25,781,371.83 Class A Monthly Interest - Pool A 121,631.80 Class A Monthly Interest - Pool B 19,950.90 Class A Overdue Principal, if any 3,329.70 Class A Monthly Principal - Pool A 1,559,898.19 Class A Monthly Principal - Pool B 397,895.14 Excess (Shortfall) cash to Principal 0.00 Reserve Account Distribution -- Cash Shortfall due to Residual funds erroneously received in August (3,329.70) 1,957,793.33 -------------- Ending Principal B Pool A 20,588,533.55 Pool B 3,235,044.95 --------------- -------------- 23,823,578.50 ============== - ------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $221,020,000 Original Face $221,020,000 Balance Factor $ 0.640588 $ 8.873057 10.778924% - ------------------------------------------------------------------------------- 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 25,781,371.83 -------------- Class A Monthly Interest 25,781,371.83 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 0.00 Class A4 0.00 Class A5 141,582.70 -------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 0.00 Class A5 1,957,793.33 -------------- 1,957,793.33 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 23,823,578.50 --------------- -------------- 23,823,578.50 ============== 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 $ 3.32198 $ 45.936024 55.897650% - -------------------------------------------------------------------------------

DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 377,721.49 Pool B 61,969.11 ----------- 439,690.60 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 2,042.84 Class B Monthly Interest - Pool B 335.15 Class B Overdue Principal, if any 56.76 Class B Monthly Principal - Pool A 26,592.20 Class B Monthly Principal - Pool B 6,783.08 Cash Shortfall due to Residual funds erroneously received in August (56.76) 33,375.28 ----------- Ending Principal Balance of the Class B Notes Pool A 351,129.29 Pool B 55,186.03 ----------- ----------- 406,315.32 =========== ----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $3,768,000 Original Face $3,768,000 Balance Factor $ 0.631101 $ 8.872622 10.783315% ----------------------------------------------------------------------------- VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 756,243.79 Pool B 124,137.50 ----------- 880,381.29 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 4,275.93 Class C Monthly Interest - Pool B 701.89 Class C Overdue Principal, if any 113.52 Class C Monthly Principal - Pool A 53,184.39 Class C Monthly Principal - Pool B 13,566.15 Cash Shortfall due to Residual funds erroneously received in August (113.52) 66,750.54 ---------- Ending Principal Balance of the Class C Notes Pool A 703,059.40 Pool B 110,571.35 ---------- ------------ 813,630.75 ============ ----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $7,537,000 Original Face $7,537,000 Balance Factor $ 0.660451 $ 8.871442 10.795154% -----------------------------------------------------------------------------

DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 503,628.71 Pool B 82,625.43 ------------ 586,254.14 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 3,082.63 Class D Monthly Interest - Pool B 505.74 Class D Overdue Principal, if any 75.68 Class D Monthly Principal - Pool A 35,456.26 Class D Monthly Principal - Pool B 9,044.10 Cash Shortfall due to Residual funds erroneously received in August (75.68) 44,500.36 ------------- Ending Principal Balance of the Class D Notes Pool A 468,172.45 Pool B 73,581.33 ------------ ----------- 541,753.78 =========== --------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,024,000 Original Face $5,024,000 Balance Factor $ 0.714246 $ 8.872619 10.783316% --------------------------------------------------------------------------- VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 631,137.34 Pool B 103,680.35 ------------ 734,817.69 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 5,127.99 Class E Monthly Interest - Pool B 842.40 Class E Overdue Principal, if any 94.61 Class E Monthly Principal - Pool A 44,320.33 Class E Monthly Principal - Pool B 11,305.12 Cash Shortfall due to Residual funds erroneously received in August (94.61) 55,625.45 ------------ Ending Principal Balance of the Class E Notes Pool A 586,817.01 Pool B 92,375.23 ------------ ----------- 679,192.24 =========== ---------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,282,000 Original Face $6,282,000 Balance Factor $ 0.950396 $ 8.869796 10.811720% ----------------------------------------------------------------------------

DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 750,012.33 Pool B 122,373.44 ----------- 872,385.77 Residual Interest - Pool A 4,199.08 Residual Interest - Pool B 546.17 Residual Principal - Pool A 53,361.67 Residual Principal - Pool B 13,725.27 ----------- 67,086.94 Ending Residual Principal Balance Pool A 696,650.66 Pool B 108,648.17 ----------- ------------ 805,298.83 ============ X. PAYMENT TO SERVICER - Collection period Servicer Fee 10,984.17 - Servicer Advances reimbursement 47,161.71 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 24,894.62 ------------ Total amounts due to Servicer 83,040.50 ============

DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 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 25,167,175.41 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,772,813.03 ---------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 23,394,362.38 ================ Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,771,492.01 - Principal portion of Prepayment Amounts 1,321.02 - 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 1,772,813.03 ============ Pool B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 4,127,725.97 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 455,989.14 ---------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 3,671,736.83 ================ Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 452,204.97 - Principal portion of Prepayment Amounts 0.00 - 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 3,784.17 - 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 455,989.14 ============ ---------------- Aggregate Discounted Contract Balance at the end of the related Collection Period 27,066,099.21 ================

DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS* POOL A Discounted Discounted Lease # Present Value Lease # Present Value ------- ------------- --------- -------------- ---------- Totals: $0.00 POOL B Discounted Discounted Lease # Present Value Lease # Present Value ------------- ------------- ---------- --------------- #863-506 (08/03) $4,527.63 $0.00 ---------- Totals: $ 4,527.63 a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $4,527.63 b) ADCB AT CLOSING DATE 251,182,193.26 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 1.80253E-05

* ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS, ** THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE # NONRECOVERABLE DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS Pool A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value ------- ------------- --------------- ----------- ---------------- 2199-001 1,112,975.58 1881-001 2,435,321.88 1231-041 953,502.31 1560-013 342,866.78 Cash 25,977.21 3323-002 932,975.98 912-501 492,124.09 3330-002 784,394.56 917-501 536,814.08 917-502 578,192.91 920-501 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 SEPTEMBER 15, 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 ------- ------------- --------------- ----------- ---------------- 408-502 495,646.95 277-103 2,561,363.27 1042-501 1,631,421.93 1513-002 953,250.10 2375-001 1,286,730.05 1725-002 588,254.35 1097 506 675,567.93 CASH 13,500.87 2545-002 964,543.83 2205-001 3,763,600.22 2907-001 472,557.70 2000667-2 190,558.39 2004051-2 695,143.77 2004051-3 993,964.93 2004887-1 212,022.60 2005804-1 236,366.53 -------------- ----------------- 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
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value ------- ------------- --------------- ----------- ---------------- 1528-003 $642,004.10 960-501 $82,012.38 2826-003 $205,317.69 960-502 $28,390.17 2906-001 $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 GREATER THAN 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 $0.00 (a) Total discounted Contract Balance of Predecessor Receivables $0.00 (b) Total discounted Contract Balance of Substitute Receivables $0.00

DVI RECEIVABLES VIII 1999-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. Aggregate Discounted Contract Balance Contracts Delinquent > 90 days Total Outstanding Contracts This month 1,345,078.58 This Month 27,066,099.21 1 Month Prior 1,316,902.12 1 Month Prior 29,294,901.38 2 Months Prior 1,334,729.23 2 Months Prior 31,832,561.54 Total 3,996,709.93 Total 88,193,562.13 a) 3 Month Average 1,332,236.64 b) 3 Month Average 29,397,854.04 c) a/b 4.53% 2. Does Delinquency Condition Exist (1C > 6%)? Yes No X ---------------- -------------- 3. Restarting 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 ---------------- -------------- 4. Has a Servicer Event of Default occurred? Yes No ---------------- -------------- 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 ---------------- -------------- 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 $251,182,193.28 --------------- Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than:

TOTAL % OF TOTAL A,D,C,B A,D,C,B A,D,C,B ------- ------- ---------- 30 Days Overdue 3,447,972.57 27,066,099.21 12.739% 60 Days Overdue 166.11 27,066,099.21 0.001% 90 Days Overdue 49,145.94 27,066,099.21 0.182% 120 Days Overdue 1,295,932.64 27,066,099.21 4.788% 150 Days Overdue 0.00 27,066,099.21 0.000% 180 Days Overdue 0.00 27,066,099.21 0.000%
DVI RECEIVABLES VIII 1999-1 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 15, 2003 Please transfer the following funds from DVI Collection A # 33-37156-0 To the Distribution Account 1,887,794.27 ------------- Please transfer the following funds from DVI Collection B # 33-37156-0 498,449.46 ------------- To the Distribution Account Please transfer the following funds from SPG Collection A # 33-37156-2 85,171.19 ------------- To the Distribution Account

EX-99.3 5 y90580exv99w3.txt SERVICER REPORT: DVI RECEIVABLES X . . . EXHIBIT 99.3 DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 405,915.83 Available Funds: Contract Payments due and received in this period 1,989,721.22 Contract Payments due in prior period(s) and received in this period 102,014.29 Contract Payments received in this period for next period 79,651.65 Sales, Use and Property Tax, Maintenance, Late Charges 51,170.03 Prepayment Amounts related to early termination in this period 0.00 Servicer Advance 664,075.44 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 12,315.43 Interest earned on Collection Account 3,064.20 Interest earned on SPG Account 524.48 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 3,308,452.57 Less: Amounts to be Retained in Collection Account 371,505.44 ------------- AMOUNT TO BE DISTRIBUTED 2,936,947.13 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 114,329.72 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 2,413,331.22 b) Class B Principal and Interest 41,191.83 c) Class C Principal and Interest 82,617.66 d) Class D Principal and Interest 55,765.41 e) Class E Principal and Interest 72,595.28 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 10,369.04 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 8,083.33 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 63,899.67 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 0.00 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 54,758.71 7. To Servicer, Servicing Fee and other Servicing Compensations 20,005.26 ------------- TOTAL FUNDS DISTRIBUTED 2,936,947.13 ============= ------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 371,505.44 ============= II. RESERVE ACCOUNT Beginning Balance $2,702,437.25 - Add Investment Earnings 1,946.39 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 10,369.04 - Less Distribution to Certificate Account 12,315.43 ------------- 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 SEPTEMBER 15, 2003 III.CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 39,098,049.26 Pool B 7,859,936.86 ------------- Class A Overdue Interest, if any 0.00 46,957,986.12 Class A Monthly Interest - Pool A 235,239.93 Class A Monthly Interest - Pool B 47,290.62 Class A Overdue Principal, if any 12,784.31 Class A Monthly Principal - Pool A 1,658,437.73 Class A Monthly Principal - Pool B 472,362.94 Excess (Shortfall) cash to Principal Reserve Account Distribution 0.00 Cash Shortfall due to Residual funds erroneously received in August (12,784.31) 2,130,800.67 ------------- Ending Principal B Pool A 37,441,466.50 Pool B 7,385,718.95 ------------- ------------- 44,827,185.45 =============

- ---------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $237,814,000 Original Face $237,814,000 Balance Factor $ 1.188032 $ 9.013704 18.849683% - ----------------------------------------------------------------------------------------------------

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 46,957,986.12 ------------- Class A Monthly Interest 46,957,986.12 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 0.00 Class A4 282,530.55 -------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 2,130,800.67 -------------- 2,130,800.67 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 44,827,185.45 -------------- ------------- 44,827,185.45 ============= 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 $ 2.852375 $ 21.512157 45.256671% - ----------------------------------------------------------------------------------------------------

DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 666,719.18 Pool B 134,053.33 ---------- 800,772.51 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 4,055.88 Class B Monthly Interest - Pool B 815.49 Class B Overdue Principal, if any 217.92 Class B Monthly Principal - Pool A 28,268.82 Class B Monthly Principal - Pool B 8,051.64 Cash Shortfall due to Residual funds erroneously received in August (217.92) 36,320.46 ---------- Ending Principal Balance of the Class B Notes Pool A 638,450.36 Pool B 126,001.69 ---------- ------------ 764,452.05 ============

- ---------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,054,000 Original Face $4,054,000 Balance Factor $ 1.201621 $ 8.959166 18.856735% - ----------------------------------------------------------------------------------------------------

VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 1,332,657.29 Pool B 267,887.71 ------------ 1,600,545.00 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 8,306.90 Class C Monthly Interest - Pool B 1,669.83 Class C Overdue Principal, if any 435.83 Class C Monthly Principal - Pool A 56,537.65 Class C Monthly Principal - Pool B 16,103.28 Cash Shortfall due to Residual funds erroneously received in August (435.83) 72,640.93 ------------- Ending Principal Balance of the Class C Notes Pool A 1,276,119.64 Pool B 251,784.43 ------------ ------------- 1,527,904.07 =============

- ---------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,107,000 Original Face $8,107,000 Balance Factor $ 1.230632 $ 8.960273 18.846726% - ----------------------------------------------------------------------------------------------------

DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 888,698.51 Pool B 178,664.83 ---------- 1,067,363.34 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 6,109.80 Class D Monthly Interest - Pool B 1,228.32 Class D Overdue Principal, if any 290.55 Class D Monthly Principal - Pool A 37,691.76 Class D Monthly Principal - Pool B 10,735.53 Cash Shortfall due to Residual funds erroneously received in August (290.55) 48,427.29 ---------- Ending Principal Balance of the Class D Notes Pool A 851,006.75 Pool B 167,929.30 ---------- ------------- 1,018,936.05 =============

- ---------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,405,000 Original Face $5,405,000 Balance Factor $ 1.357654 $ 8.959721 18.851731% - ----------------------------------------------------------------------------------------------------

VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 1,110,677.96 Pool B 223,276.23 ------------ 1,333,954.19 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 10,042.38 Class E Monthly Interest - Pool B 2,018.79 Class E Overdue Principal, if any 363.19 Class E Monthly Principal - Pool A 47,114.71 Class E Monthly Principal - Pool B 13,419.40 Cash Shortfall due to Residual funds erroneously received in August (363.19) 60,534.11 ------------ Ending Principal Balance of the Class E Notes Pool A 1,063,563.25 Pool B 209,856.83 ------------ ------------ 1,273,420.08 ============

- ---------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,756,000 Original Face $6,756,000 Balance Factor $ 1.785253 $ 8.960052 18.848728% - ----------------------------------------------------------------------------------------------------

DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 1,333,223.29 Pool B 268,046.41 ------------ 1,601,269.70 Residual Interest - Pool A 8,083.33 Residual Interest - Pool B 0.00 Residual Principal - Pool A 56,600.89 Residual Principal - Pool B 16,475.85 ------------- 73,076.74 Ending Residual Principal Balance Pool A 1,276,622.40 Pool B 251,570.56 ------------ ------------ 1,528,192.96 ============ X. PAYMENT TO SERVICER - Collection period Servicer Fee 20,005.26 - Servicer Advances reimbursement 114,329.72 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 54,758.71 ------------ Total amounts due to Servicer 189,093.69 ============

DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 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 44,430,025.43 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,886,696.25 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ------------- ending of the related Collection Period 42,543,329.18 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,884,588.33 - Principal portion of Prepayment Amounts 0.00 - 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 2,107.92 - 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 1,886,696.25 ============= POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 8,931,865.34 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 549,195.77 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ------------- ending of the related Collection Period 8,382,669.57 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 536,776.07 - Principal portion of Prepayment Amounts 0.00 - 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 12,419.70 - 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 549,195.77 ============= ------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 50,925,998.75 =============

DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS* POOL A Discounted Discounted Lease # Present Value Lease # Present Value ------- ------------- --------- ------------- #*9900321-401 (08/03) 2,363.82 $0.00 --------- Totals: $2,363.82 POOL B Discounted Discounted Lease # Present Value Lease # Present Value ------------- ------------- ---------- ------------- #863-507 (08/03) 13,927.42 $0.00 ---------- Totals: $13,927.42 a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $16,291.24 b) ADCB AT CLOSING DATE 270,243,724.70 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0.01%

* ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS, ** THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE # NONRECOVERABLE DVI RECEIVABLES X 1999-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XIII. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS Pool A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value ------- ------------- --------------- ----------- ---------------- 3024 003 1,289,111.68 1667-003 1,466,069.44 CASH 176,955.76 1743 004 1,539,883.34 2425-001 1,890,612.33 3221-001 1,496,892.51 2427-001 1,194,070.97 3303 001 1,181,820.77 917-503 644,152.99 3323 003 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) > (c), 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 SEPTEMBER 15, 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 $1,121,500.51 2207-001 $551,274.29 2004383-1 $512,828.61 2207-002 $1,160,782.50 2005209-2 $252,655.70 2207-003 $181,136.33 Cash $6,208.31 2875-007 $1,629,015.55 2337-001 $1,215,773.70 3024-003 $1,495,882.60 4283-401 $286,487.54 2314-002 $1,209,395.06 3718-005 $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 --- ------

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 $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 SEPTEMBER 15, 2003 XV. POOL PERFORMANCE MEASUREMENTS 1. Aggregate Discounted Contract Balance Contracts Delinquent > 90 days Total Outstanding Contracts This month 1,065,896.61 This Month 50,925,998.75 1 Month Prior 585,498.04 1 Month Prior 53,361,890.77 2 Months Prior 479,129.40 2 Months Prior 58,675,631.01 Total 2,130,523.85 Total 160,963,520.53 a) 3 Month Average 710,174.62 b) 3 Month Average 53,654,506.84 c) a/b 1.32% 2. Does Delinquency Condition Exist (1c > 6%)? Yes No X ---------------- -------------- 3. Restarting 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 ---------------- -------------- 4. Has a Servicer Event of Default occurred? Yes No ---------------- -------------- 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 ---------------- -------------- 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 --------------- Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than:

TOTAL % OF TOTAL A.D.C.B. A.D.C.B. A.D.C.B. -------- -------- ---------- 30 Days Overdue 6,008,929.69 50,925,998.75 11.799% 60 Days Overdue 1,609,132.28 50,925,998.75 3.160% 90 Days Overdue 529,192.82 50,925,998.75 1.039% 120 Days Overdue 536,703.49 50,925,998.75 1.054% 150 Days Overdue 0.00 50,925,998.75 0.000% 180 Days Overdue 0.00 50,925,998.75 0.000%
DVI RECEIVABLES X 1999-2 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 15, 2003 Please transfer the following funds from DVI Collection A # 33-37592-0 To the Distribution Account 2,204,925.77 ------------ Please transfer the following funds from DVI Collection B # 33-37592-1 631,022.97 ------------ To the Distribution Account Please transfer the following funds from SPG Collection A # 33-37592-2 100,998.39 ------------ To the Distribution Account

EX-99.4 6 y90580exv99w4.txt SERVICER REPORT: DVI RECEIVABLES XI EXHIBIT 99.4 DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 228,350.64 Available Funds: Contract Payments due and received in this period 2,451,959.29 Contract Payments due in prior period(s) and received in this period 176,354.34 Contract Payments received in this period for next period 90,030.25 Sales, Use and Property Tax, Maintenance, Late Charges 54,463.40 Prepayment Amounts related to early termination in this period 364,892.50 Servicer Advance 933,438.97 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 119,167.98 Interest earned on Collection Account 1,854.32 Interest earned on SPG Account 79.59 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 Cash Shortfall due to Residual funds erroneously received in August 0.00 -------------- Total Available Funds 4,420,591.28 Less: Amounts to be Retained in Collection Account 218,172.00 -------------- AMOUNT TO BE DISTRIBUTED 4,202,419.28 ============== DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 253,454.70 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 3,395,749.12 b) Class B Principal and Interest 57,857.28 c) Class C Principal and Interest 115,909.19 d) Class D Principal and Interest 77,874.94 e) Class E Principal and Interest 101,017.43 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 115,923.02 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 0.00 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) 0.00 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 56,397.31 7. To Servicer, Servicing Fee and other Servicing Compensations 28,236.29 -------------- TOTAL FUNDS DISTRIBUTED 4,202,419.28 ============== -------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 218,172.00 ============== II. RESERVE ACCOUNT Beginning Balance $2,925,289.09 - Add Investment Earnings 2,106.77 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 115,923.02 - Less Distribution to Certificate Account 119,167.98 -------------- End of period balance $2,924,150.90 ============== 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 SEPTEMBER 15, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 50,639,435.99 Pool B 15,621,297.58 ---------------- Class A Overdue Interest, if any 0.00 66,260,733.57 Class A Monthly Interest - Pool A 328,312.34 Class A Monthly Interest - Pool B 101,278.08 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 1,970,682.88 Class A Monthly Principal - Pool B 995,475.82 Excess (Shortfall) cash to Principal 0.00 Reserve Account Distribution 0.00 ---------------- 2,966,158.70 Ending Principal Balance of the Class A Notes Pool A 48,668,753.11 Pool B 14,625,821.76 ---------------- ------------------ 63,294,574.87 ==================
- ------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $257,425,000 Original Face $257,425,000 Balance Factor $ 1.668798 $ 11.522419 24.587579% - ------------------------------------------------------------------------------ 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 66,260,733.57 ---------------- Class A Monthly Interest 66,260,733.57 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 0.00 Class A4 429,590.42 ---------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 2,966,158.70 ---------------- 2,966,158.70 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 63,294,574.87 ---------------- ------------------ 63,294,574.87 ================== 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 $ 4.492449 $ 31.018653 66.190405% - ------------------------------------------------------------------------------
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 862,532.05 Pool B 265,986.10 ------------- 1,128,518.15 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 5,577.71 Class B Monthly Interest - Pool B 1,720.04 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 33,591.19 Class B Monthly Principal - Pool B 16,968.34 ------------- 50,559.53 Ending Principal Balance of the Class B Notes Pool A 828,940.86 Pool B 249,017.76 ------------- ----------------- 1,077,958.62 =================
----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,387,000 Original Face $4,387,000 Balance Factor $ 1.663494 $ 11.524853 24.571658% ----------------------------------------------------------------------------- VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 1,725,755.34 Pool B 532,281.05 -------------- 2,258,036.39 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 11,303.70 Class C Monthly Interest - Pool B 3,486.44 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 67,182.37 Class C Monthly Principal - Pool B 33,936.68 -------------- 101,119.05 Ending Principal Balance of the Class C Notes Pool A 1,658,572.97 Pool B 498,344.37 -------------- ----------------- 2,156,917.34 ================= ----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,775,000 Original Face $8,775,000 Balance Factor $ 1.685486 $ 11.523538 24.580255% -----------------------------------------------------------------------------
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 1,150,503.54 Pool B 354,854.05 --------------- 1,505,357.59 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 7,996.00 Class D Monthly Interest - Pool B 2,466.24 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 44,788.25 Class D Monthly Principal - Pool B 22,624.45 --------------- 67,412.70 Ending Principal Balance of the Class D Notes Pool A 1,105,715.29 Pool B 332,229.60 --------------- ---------------- 1,437,944.89 ================
----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,850,000 Original Face $5,850,000 Balance Factor $ 1.788417 $ 11.523538 24.580255% ----------------------------------------------------------------------------- VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 1,438,475.06 Pool B 443,721.96 -------------- 1,882,197.02 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 12,802.43 Class E Monthly Interest - Pool B 3,949.13 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 55,985.31 Class E Monthly Principal - Pool B 28,280.56 -------------- 84,265.87 Ending Principal Balance of the Class E Notes Pool A 1,382,489.75 Pool B 415,441.40 -------------- ---------------- 1,797,931.15 ================ ----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $7,313,000 Original Face $7,313,000 Balance Factor $ 2.290655 $ 11.522750 24.585412% -----------------------------------------------------------------------------
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 1,728,457.53 Pool B 533,488.29 --------------- 2,261,945.82 Residual Interest - Pool A 6,725.50 Residual Interest - Pool B 0.00 Residual Principal - Pool A 67,182.37 Residual Principal - Pool B 33,936.68 --------------- 101,119.05 Ending Residual Principal Balance Pool A 1,661,275.16 Pool B 499,551.61 --------------- --------------- 2,160,826.77 =============== X. PAYMENT TO SERVICER - Collection period Servicer Fee 28,236.29 - Servicer Advances reimbursement 253,454.70 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 56,397.31 --------------- Total amounts due to Servicer 338,088.30 ===============

DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 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 57,545,159.46 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 2,239,412.36 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the --------------- ending of the related Collection Period 55,305,747.10 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 2,079,647.23 - Principal portion of Prepayment Amounts 155,209.89 - 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 4,555.24 - 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 2,239,412.36 ============== POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 17,751,629.06 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,131,222.52 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the --------------- ending of the related Collection Period 16,620,406.54 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 878,136.70 - Principal portion of Prepayment Amounts 215,863.04 - 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 37,222.78 - 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 1,131,222.52 ============== --------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 71,926,153.64 ===============

DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XII. Cumulative Detail of Defaulted Contracts*
Pool A Discounted Discounted Lease # Present Value Lease # Present Value - -------------------------------------------- ------------- ---------------------- #* 2000664-001 (09/03) 4,555.24 0.00 ------------- Totals: $4,555.24 Pool B Discounted Discounted Lease # Present Value Lease # Present Value - -------------------------------------------- ------------- ---------------------- #* 1271-512 (09/03) 37,222.78 0.00 ------------- Totals: $37,222.78 a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $41,778.02 b) ADCB AT CLOSING DATE 292,528,909.43 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0% * ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS, ** THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE # NONRECOVERABLE
DVI RECEIVABLES XI, L.L.C. 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XIII. Cumulative Detail of Substituted Contracts - Prepayments
Pool A Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value ----- --------------------- ---------------------- ----------- --------------- 3155-007 188,552.08 1231-033 1,243,525.87 3155-008 535,706.60 1572-003 878,621.70 3205-002 3,111,829.21 2421-001 1,711,098.71 3307-002 767,314.06 1046-501 639,976.34 3330-004 756,617.60 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 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 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 SEPTEMBER 15, 2003 XIV. Cumulative vs 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 ---- --------------------- ---------------------- ----------- --------------- 2841-002 980,724.35 2207-005 1,326,497.89 2908-001 131,731.36 2002476-2 169,739.33 CASH 44,302.85 1999-004 2,985,811.62 1881-005 2,387,877.73 3155-007 335,553.30 4284-402 335,553.30 1504-013 1,221,375.67 2557-001 1,323,430.38 CASH 102,054.71 3698-001 2,192,917.65 1969-006 1,246,104.58 3702-007 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 Contributions & 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 $506,250.32 2207-004 $611,746.22 1218-020 $200,642.43 --------------------- --------------- Totals: $706,892.75 $611,746.22 a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTIONS $611,746.22 b) ADCB OF POOL AT CLOSING DATE $90,333,293.68 c) CANNOT EXCEED, 10% OVER THE LIFE OF THE POOL (UNLESS RATING AGENCY APPROVES) 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, LLC, 2000-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 15, 2003 XV. Pool Performance Measurements 1. Aggregate Discounted Contract Balance Contracts Delinquent > 90 days Total Outstanding Contracts This Month 933,420.48 This Month 71,926,153.64 1 Month Prior 1,035,278.73 1 Month Prior 75,296,788.52 2 Months Prior 1,084,158.27 2 Months Prior 79,320,254.24 Total 3,052,857.48 Total 226,543,196.40 a) 3 Month Average 1,017,619.16 b) 3 Month Average 75,514,398.80 c) a/b 1.35%
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 --------- ------- 4. Has a Servicer Event of Default occurred? Yes No --------- ------- 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 --------- ------- 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 --------- ------- 8. Aggregate Discounted Contract Balance at Closing Date Balance $ 270,243,724.70 ---------------- Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than: TOTAL % of Total A.D.C.B. A.D.C.B. A.D.C.B. -------- -------- -------- 30 Days Overdue 12,592,945.29 71,926,153.64 17.508% 60 Days Overdue 1,029,272.69 71,926,153.64 1.431% 90 Days Overdue 835,730.02 71,926,153.64 1.162% 120 Days Overdue 73,180.07 71,926,153.64 0.102% 150 Days Overdue 24,510.39 71,926,153.64 0.034% 180 Days Overdue 0.00 71,926,153.64 0.000%
DVI RECEIVABLES XI, L.L.C. 2000-1 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 15, 2003 Please transfer the following funds from DVI Collection A # 33-37923-1 To the Distribution Account 2,696,853.62 ------------ Please transfer the following funds from DVI Collection A # 33-37923-3 To the Distribution Account 1,294,634.56 ------------ Please transfer the following funds from SPG Collection A # 33-37923-0 To the Distribution Account 116,443.18 ------------ Please transfer the following funds from SPG Collection A # 33-37923-2 To the Distribution Account 94,487.92 ------------

EX-99.5 7 y90580exv99w5.txt SERVICER REPORT: DVI RECEIVABLES XII EXHIBIT 99.5 DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 238,292.67 Available Funds: Contract Payments due and received in this period 1,812,432.24 Contract Payments due in prior period(s) and received in this period 171,288.99 Contract Payments received in this period for next period 30,270.93 Sales, Use and Property Tax, Maintenance, Late Charges 65,940.87 Prepayment Amounts related to early termination in this period 39,510.48 Servicer Advance 1,419,805.53 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 63,687.13 Interest earned on Collection Account 1,202.18 Interest earned on SPG Account 169.84 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 3,842,600.86 Less: Amounts to be Retained in Collection Account 111,568.56 ------------- AMOUNT TO BE DISTRIBUTED 3,731,032.30 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 207,304.83 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 3,004,768.33 b) Class B Principal and Interest 51,159.77 c) Class C Principal and Interest 102,636.05 d) Class D Principal and Interest 69,129.77 e) Class E Principal and Interest 91,094.14 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 60,731.40 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 0.00 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 41,219.27 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 2,955.73 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 67,312.89 7. To Servicer, Servicing Fee and other Servicing Compensations 32,720.12 ------------- TOTAL FUNDS DISTRIBUTED 3,731,032.30 ============= ------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 111,568.56 ============= II. RESERVE ACCOUNT Beginning Balance $4,104,190.93 - Add Investment Earnings 2,955.73 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 60,731.40 - Less Distribution to Certificate Account 63,687.13 ------------- 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 SEPTEMBER 12, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 60,371,037.54 Pool B 16,471,304.30 ------------- Class A Monthly Interest - Pool A 357,949.94 76,842,341.84 Class A Monthly Interest - Pool B 97,661.11 Class A Overdue Principal, if any 97,914.30 Class A Monthly Principal - Pool A 1,766,209.65 Class A Monthly Principal - Pool B 782,947.63 Excess cash to Principal 0.00 Reserve Account Distribution 0.00 Cash Shortfall due to Residual funds erroneously received in August (97,914.30) 2,549,157.28 ------------- Ending Principal Balance of the Class A Notes Pool A 58,604,827.89 Pool B 15,688,356.67 ------------- ------------- 74,293,184.56 =============

- ------------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $240,779,000 Original Face $240,779,000 Balance Factor $ 1.892237 $ 10.993781 30.855342% - -------------------------------------------------------------------------------------------------------------------------
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 76,842,341.84 ------------- Class A Monthly Interest 76,842,341.84 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 0.00 Class A4 455,611.05 ------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 2,549,157.28 ------------- 2,549,157.28 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 0.00 Class A4 74,293,184.56 ------------- ------------- 74,293,184.56 ============= Class A4
- ------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $85,804,000 Original Face $85,804,000 Balance Factor $ 5.309905 $ 29.709073 86.584757% - ------------------------------------------------------------------------------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 1,028,923.82 Pool B 280,701.33 ------------- 1,309,625.15 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 6,056.07 Class B Monthly Interest - Pool B 1,652.16 Class B Overdue Principal, if any 1,669.00 Class B Monthly Principal - Pool A 30,105.84 Class B Monthly Principal - Pool B 13,345.70 Cash Shortfall due to Residual funds erroneously received in August (1,669.00) 43,451.54 ------------- Ending Principal Balance of the Class B Notes Pool A 998,817.98 Pool B 267,355.63 ------------- ------------- 1,266,173.61 =============

- ------------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,104,000 Original Face $4,104,000 Balance Factor $ 1.878224 $ 10.587607 30.852183% - -------------------------------------------------------------------------------------------------------------------------
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 2,057,847.65 Pool B 561,402.68 ------------- 2,619,250.33 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 12,360.80 Class C Monthly Interest - Pool B 3,372.16 Class C Overdue Principal, if any 3,337.99 Class C Monthly Principal - Pool A 60,211.69 Class C Monthly Principal - Pool B 26,691.40 Cash Shortfall due to Residual funds erroneously received in August (3,337.99) 86,903.09 ------------- Ending Principal Balance of the Class C Notes Pool A 1,997,635.96 Pool B 534,711.28 ------------- ------------- 2,532,347.24 =============
- ------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,208,000 Original Face $8,208,000 Balance Factor $ 1.916784 $ 10.587608 30.852184% - ------------------------------------------------------------------------------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 1,371,898.43 Pool B 374,268.45 ------------- 1,746,166.88 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 8,795.01 Class D Monthly Interest - Pool B 2,399.37 Class D Overdue Principal, if any 2,225.32 Class D Monthly Principal - Pool A 40,141.13 Class D Monthly Principal - Pool B 17,794.26 Cash Shortfall due to Residual funds erroneously received in August (2,225.32) 57,935.39 ------------- Ending Principal Balance of the Class D Notes Pool A 1,331,757.30 Pool B 356,474.19 ------------- ------------- 1,688,231.49 =============

- ------------------------------------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,472,000 Original Face $5,472,000 Balance Factor $ 2.045757 $ 10.587608 30.852184% - -------------------------------------------------------------------------------------------------------------------------
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 1,714,873.02 Pool B 467,835.57 ------------- 2,182,708.59 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 14,672.17 Class E Monthly Interest - Pool B 4,002.72 Class E Overdue Principal, if any 2,781.65 Class E Monthly Principal - Pool A 50,176.42 Class E Monthly Principal - Pool B 22,242.83 Cash Shortfall due to Residual funds erroneously received in August (2,781.65) 72,419.25 ------------- Ending Principal Balance of the Class E Notes Pool A 1,664,696.60 Pool B 445,592.74 ------------- ------------- 2,110,289.34 =============
- ------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,840,000 Original Face $6,840,000 Balance Factor $ 2.730247 $ 10.587610 30.852183% - ------------------------------------------------------------------------------
DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 2,059,027.59 Pool B 561,951.64 ------------- 2,620,979.23 Residual Interest - Pool A 0.00 Residual Interest - Pool B 3,373.24 Residual Principal - Pool A 63,549.68 Residual Principal - Pool B 26,691.40 ------------- 90,241.08 Ending Residual Principal Balance Pool A 1,995,477.91 Pool B 535,260.24 ------------- ------------- 2,530,738.15 ============= X. PAYMENT TO SERVICER - Collection period Servicer Fee 32,720.12 - Servicer Advances reimbursement 207,304.83 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 67,312.89 ------------- Total amounts due to Servicer 307,337.84 =============

DVI RECEIVABLES XII L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 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 68,603,608.00 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 2,118,322.67 ------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 66,485,285.33 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,943,237.76 - Principal portion of Prepayment Amounts 39,259.87 - 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 135,825.04 - 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 2,118,322.67 ============= POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 18,717,463.94 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 889,713.22 ------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 17,827,750.72 ============= Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 889,713.22 - Principal portion of Prepayment Amounts 0.00 - 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 889,713.22 ============= ------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 84,313,036.05 =============

DVI RECEIVABLES XII, L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS*
Pool A Discounted Discounted Lease # Present Value Lease # Present Value ------- ------------- ------- ------------- #* 2000664-003 (08/03) 22,722.50 0.00 #* 2002513-001 (08/03) 5,256.54 #* 9900071-001 (08/03) 86,594.93 #* 2000664-002 (09/03) 2,733.12 #* 2002653-001 (09/03) 5,250.73 #* 9900071-002 (09/03) 16,574.94 ----------- Totals: $139,132.76 Pool B Discounted Discounted Lease # Present Value Lease # Present Value ------- ------------- ------- ------------- ----------- Totals: $ 0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $139,132.76 b) ADCB AT CLOSING DATE 273,612,728.90 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0.05% ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS. * THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A ** NONRECOVERABLE ADVANCE # NONRECOVERABLE
DVI RECEIVABLES XII, L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XIII. CUMULATIVE DETAIL OF DELINQUENT CONTRACTS REPURCHASED* Pool A Repurchases $ 6,674,022.12 Substitutions $ 5,929,947.88 Pool B Repurchases $ 1,268,224.06 Substitutions $ 4,770,073.25 ---------------- Total $ 18,642,267.31 a) DISCOUNTED CONTRACT BALANCES OF ALL DELINQUENT CONTRACTS REPURCHASED $ 18,642,267.31 b) ADCB AT CLOSING DATE 273,612,728.90 c) (CANNOT EXCEED 15% OVER THE LIFE OF THE POOL) 6.81% * ANY DELINQUENT CONTRACT THE SERVICER HAS REPURCHASED FROM THE POOL

DVI RECEIVABLES XII, L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XIV. 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 XI, L.L.C. 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003
XV. 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 ------------------------------------------ ---------------- ---------------- ---------------- 1528-004 194,560.17 2042-202 981,403.44 2826-001 789,368.50 2875-008 735,842.45 2314-004 707,303.41 2709-202 390,173.53 2041-201 526,898.39 2712-201 123,333.71 2041-202 87,853.47 2712-202 102,100.09 3323-001 1,018,210.69 2659-001 567,212.03 Cash 116,213.37 2660-001 567,212.03 3694-003 607,349.06 973-021 154,974.48 3698-002 506,124.29 973-022 31,639.99 3702-002 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 DETAILS 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 1,103,064.69 1004-501 60,739.26 3313-003 1,035,735.31 1004-502 60,739.26 3309-002 998,471.79 2786-001 3,010,223.86 3702-005 911,603.03 2140-501 1,338,784.85 3718-001 809,799.02 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 CONTACTS 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% 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 DETAILS DURING THE RELATED COLLECTION PERIOD YES NO X ------ ------
DVI RECEIVABLES XII, LLC, 2000-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XVI. Pool Performance Measurements 1. Aggregate Discounted Balance Contracts Delinquent > 90 days Total Outstanding Contracts This Month 218,741.54 This Month 84,313,036.05 1 Month 303,998.36 1 Month Prior 87,321,071.94 2 Months Prior 354,584.24 2 Months Prior 91,543,610.24 Total 877,324.24 Total 263,177,718.23 a) 3 Month Average 292,441.38 b) 3 Month Average 87,725,906.08 c) a/b 0.33%
2. Does a Delinquency Condition Excel (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 --------- ------- 4. Has a Servicer Event of Default occurred? Yes No --------- ------- 5. Amortization Event Check A. Is 1c > 8%? Yes No X --------- ------- B. Bankruptcy, insolvency, reorganization; default/violation or any covenant or obligation be remedied within 90 days? Yes No --------- ------- C. As of any Determination date, the sum of all defaulted contracts since the Closing date exceeds 6% of the ADC9 on the Closing Date? Yes No X --------- ------- 8. Aggregate Discounted Contract Balance at Closing Date Balance $ 273,612,728.90 ---------------- Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than: TOTAL % of Total A.D.C.B. A.D.C.B. A.D.C.B. -------- -------- -------- 30 Days Overdue 14,103,384.83 84,313,036.05 16.727% 60 Days Overdue 3,559,150.34 84,313,036.05 4.221% 90 Days Overdue 107,382.89 84,313,036.05 0.127% 120 Days Overdue 32,030.92 84,313,036.05 0.038% 150 Days Overdue 79,327.73 84,313,036.05 0.094% 180 Days Overdue 0.00 84,313,036.05 0.000%
DVI RECEIVABLES XII L.L.C. 2000-2 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 12, 2003 Please transfer the following funds from DVI Collection A # 33-38134-1 To the Distribution Account 2,364,955.56 ------------ Please transfer the following funds from DVI Collection A # 33-38134-3 834,550.21 ------------ To the Distribution Account Please transfer the following funds from SPG Collection A # 33-38134-0 293,697.70 ------------ To the Distribution Account Please transfer the following funds from SPG Collection A # 33-38134-2 237,828.83 ------------ To the Distribution Account

EX-99.6 8 y90580exv99w6.txt SERVICER REPORT: DVI RECEIVABLES XIV EXHIBIT 99.6 DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 402,305.83 Available Funds: Contract Payments due and received in this period 2,890,125.51 Contract Payments due in prior period(s) and received in this period 95,584.21 Contract Payments received in this period for next period 35,500.64 Sales, Use and Property Tax, Maintenance, Late Charges 70,525.47 Prepayment Amounts related to early termination in this period 5,740.09 Servicer Advance 1,621,626.31 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 2,865,984.34 Interest earned on Collection Account 1,401.11 Interest earned on SPG Account 213.46 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 7,989,006.97 Less: Amounts to be Retained in Collection Account 173,710.18 -------------- AMOUNT TO BE DISTRIBUTED 7,815,296.79 ============== DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 664,413.32 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 5,648,770.43 a) Class A4 Principal (distributed after A3 Note matures) and Interest 518,751.20 b) Class B Principal and Interest 104,996.21 c) Class C Principal and Interest 210,103.01 d) Class D Principal and Interest 141,150.13 e) Class E Principal and Interest 184,199.22 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 223,429.93 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 0.00 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) 0.00 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 70,525.47 7. To Servicer, Servicing Fee and other Servicing Compensations 48,957.87 -------------- TOTAL FUNDS DISTRIBUTED 7,815,296.79 ============== -------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 173,710.18 ============== II. RESERVE ACCOUNT Beginning Balance $ 4,876,395.87 - Add Investment Earnings $ 3,511.53 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) $ 223,429.93 - Less Distribution to Certificate Account $ 2,865,984.34 -------------- End of period balance $ 2,237,352.99 ============== 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. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 103,803,019.68 Pool B 13,239,117.57 -------------- Class A Overdue Interest, if any 0.00 117,042,137.25 Class A Monthly Interest - Pool A 497,515.82 Class A Monthly Interest - Pool B 63,453.55 Class A Overdue Principal, if any 149,493.31 Class A Monthly Principal - Pool A 4,980,034.93 Class A Monthly Principal - Pool B 626,517.33 Excess (Shortfall) cash to Principal 0.00 Reserve Account Distribution 0.00 Cash Shortfall due to Residual funds erroneously received in August (149,493.31) 5,606,552.26 -------------- Ending Principal Balance of the Pools AA Notes 98,822,984.75 Pool B 12,612,600.24 -------------- -------------- 111,435,584.99 ============== - --------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $286,080,000 Original Face $286,080,000 Balance Factor $ 1.960883 $ 20.120405 38.952595% - --------------------------------------------------------------------------------------------- IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 9,862,137.25 Class A4 107,180,000.00 -------------- Class A Monthly Interest 117,042,137.25 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 42,218.17 Class A4 518,751.20 -------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 5,606,552.26 Class A4 0.00 -------------- 5,606,552.26 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 4,255,584.99 Class A4 107,180,000.00 -------------- -------------- 111,435,584.99 ============== 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 $ 0.511735 $ 67.958209 5.158285% - ----------------------------------------------------------------------------------------------

DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 1,770,689.09 Pool B 225,835.06 ------------ 1,996,524.15 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 8,300.11 Class B Monthly Interest - Pool B 1,058.60 Class B Overdue Principal, if any 2,550.08 Class B Monthly Principal - Pool A 84,950.26 Class B Monthly Principal - Pool B 10,687.24 Cash Shortfall due to Residual funds erroneously received in August (2,550.08) 95,637.50 ------------ Ending Principal Balance of the Class B Notes Pool A 1,685,738.83 Pool B 215,147.82 ------------ ------------ 1,900,886.65 ============ - --------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $4,880,000 Original Face $4,880,000 Balance Factor $ 1.917768 $ 19.597848 38.952595% - --------------------------------------------------------------------------------------- VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 3,537,749.74 Pool B 451,207.35 -------------- 3,988,957.09 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 16,872.12 Class C Monthly Interest - Pool B 2,151.88 Class C Overdue Principal, if any 5,094.94 Class C Monthly Principal - Pool A 169,726.44 Class C Monthly Principal - Pool B 21,352.57 Cash Shortfall due to Residual funds erroneously received in August (5,094.94) 191,079.01 -------------- Ending Principal Balance of the Class C Notes Pool A 3,368,023.30 Pool B 429,854.78 -------------- -------------- 3,797,878.08 ============== - --------------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,750,000 Original Face $9,750,000 Balance Factor $ 1.951179 $ 19.597847 38.952596% - ---------------------------------------------------------------------------------------------

DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 2,358,499.79 Pool B 300,804.88 -------------- 2,659,304.67 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 12,207.20 Class D Monthly Interest - Pool B 1,556.92 Class D Overdue Principal, if any 3,396.63 Class D Monthly Principal - Pool A 113,150.96 Class D Monthly Principal - Pool B 14,235.05 Cash Shortfall due to Residual funds erroneously received in August (3,396.63) 127,386.01 -------------- Ending Principal Balance of the Class D Notes Pool A 2,245,348.83 Pool B 286,569.83 -------------- -------------- 2,531,918.66 ============== - ------------------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,500,000 Original Face $6,500,000 Balance Factor $ 2.117557 $ 19.597848 38.952595% - ------------------------------------------------------------------------------------------ VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 2,949,939.00 Pool B 376,237.52 -------------- 3,326,176.52 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 22,055.71 Class E Monthly Interest - Pool B 2,813.00 Class E Overdue Principal, if any 4,248.39 Class E Monthly Principal - Pool A 141,525.75 Class E Monthly Principal - Pool B 17,804.76 Cash Shortfall due to Residual funds erroneously received in August (4,248.39) 159,330.51 -------------- Ending Principal Balance of the Class E Notes Pool A 2,808,413.25 Pool B 358,432.76 -------------- -------------- 3,166,846.01 ============== - -------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,130,000 Original Face $8,130,000 Balance Factor $ 3.058882 $ 19.597849 38.952595% - --------------------------------------------------------------------------------------

DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 3,538,859.22 Pool B 451,348.86 -------------- 3,990,208.08 Residual Interest - Pool A 0.00 Residual Interest - Pool B 0.00 Residual Principal - Pool A 174,876.21 Residual Principal - Pool B 21,359.27 -------------- 196,235.48 Ending Residual Principal Balance Pool A 3,363,983.01 Pool B 429,989.59 -------------- -------------- 3,793,972.60 ============== X. PAYMENT TO SERVICER - Collection period Servicer Fee 48,957.87 - Servicer Advances reimbursement 664,413.32 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 70,525.47 -------------- Total amounts due to Servicer 783,896.66 ==============

DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 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 117,958,756.51 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 5,829,047.88 -------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 112,129,708.63 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 3,306,082.32 - Principal portion of Prepayment Amounts 5,756.27 - 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 2,517,209.29 - 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 5,829,047.88 ============== POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 15,044,551.23 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 711,956.21 -------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 14,332,595.02 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 711,351.75 - Principal portion of Prepayment Amounts 0.00 - 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 604.46 - 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 711,956.21 ============== -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 126,462,303.65 ==============

DVI RECEIVABLES XIV, L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS* POOL A
Discounted Discounted Lease # Present Value Lease # Present Value ------- ------------- ------- ------------- #* 2858-001 (08/03) 2,516,760.25 #* 2003899-001 (09/03) 449.04 ------------- Totals: $2,517,209.29
POOL B
Discounted Discounted Lease # Present Value Lease # Present Value ------- ------------- ------- ------------- ~~------------- Totals: $0.00~~
a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $2,517,209.29 b) ADCB AT CLOSING DATE 325,093,057.74 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0.77% * ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS. ** THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE # NONRECOVERABLE DVI RECEIVABLES XIV, L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XIII. CUMULATIVE DETAIL OF DELINQUENT CONTRACTS REPURCHASED* POOL A Repurchases $ 13,245,573.06 Substitutions $ 11,381,843.19 POOL B Repurchases $ 2,153,767.98 Substitutions $ -- TOTAL ----------------- $ 26,781,184.23

a) DISCOUNTED CONTRACT BALANCES OF ALL DELINQUENT CONTRACTS REPURCHASED $ 26,781,184.23 b) ADCB AT CLOSING DATE 325,093,057.74 c) (CANNOT EXCEED 15% OVER THE LIFE OF THE POOL) 8.24% * ANY DELINQUENT CONTRACT THE SERVICER HAS REPURCHASED FROM THE POOL DVI RECEIVABLES XIV L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS Pool A Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value ------- ----------- ------------- ----------- --------------- 3355-004 $1,178,581.83 4424-401 $ 1,264,331.32 CASH $ 520,726.22 4424-402 $ 434,976.73 ------------- --------------- Total: $1,699,308.05 $ 1,699,308.05 a) 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 CHANGES 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 Receivable $0.00 c) If (a) > (b), amount to be deposited in Collection Amount per Contribution & Servicing Agreement Section 7.02 $0.00 CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X ---------- ---------

DV RECEIVABLES XIV, L.L.C. 2001-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XV. 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 1,045,934.66 2041-203 3,154,026.34 2707-202 491,545.72 2708-201 1,305,725.82 2706-202 90,653.94 2706-207 215,544.48 Cash 4,621.72 2869-001 2,037,442.62 3271-002 2,317,472.63 2769-001 2,940,134.55 3702-003 2,946,305.69 2770-001 3,087,098.20 3714-001 1,470,213.52 2002918-002 25,199.70 3718-006 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 SEPTEMBER 11, 2003 XVI. POOL PERFORMANCE MEASUREMENTS 1. Aggregate Discounted Contract Balance Contracts Delinquent > 90 days TOTAL OUTSTANDING CONTRACTS This Month 701,504.68 This Month 126,462,303.64 1 Month Prior 2,492,606.38 1 Month Prior 133,003,307.74 2 Months Prior 2,568,941.51 2 Months Prior 137,413,546.57 Total 5,763,052.57 Total 396,879,157.95 a) 3 Month Average 1,921,017.52 b) 3 Month Average 132,293,052.65 c) a/b 1.45% 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 ----- ----- 4. Has Servicer Event of Default occurred? Yes No ----- ----- 5. Amortization Event Check A. Is c > 8%? Yes No X ----- ----- B. Bankruptcy, insolvency, reorganization; default/violation of any covenant or obligation not remedied within 90 days? Yes No ----- ----- 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 ------------------ Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than: TOTAL % OF TOTAL A.D.C.B. A.D.C.B. A.D.C.B. ------------- -------------- ---------- 30 Days Overdue 19,550,972.22 126,462,303.64 15.460% 60 Days Overdue 3,900,097.57 126,462,303.64 3.084% 90 Days Overdue 663,066.06 126,462,303.64 0.524% 120 Days Overdue 38,438.62 126,462,303.64 0.030% 150 Days Overdue 0.00 126,462,303.64 0.000% 180 Days Overdue 0.00 126,462,303.64 0.000%

DVI RECEIVABLES XIV L.L.C. 2001-1 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 11, 2003 Please transfer the following funds from DVI Collection A # 33-38702-1 To the Distribution Account 6,399,215.83 -------------- Please transfer the following funds from DVI Collection B # 33-38702-3 To the Distribution Account 554,777.78 -------------- Please transfer the following funds from SPG Collection A # 33-38702-0 To the Distribution Account 585,075.63 -------------- Please transfer the following funds from SPG Collection B # 33-38702-2 To the Distribution Account 276,227.55 --------------

EX-99.7 9 y90580exv99w7.txt SERVICER REPORT: DVI RECEIVABLES XVI EXHIBIT 99.7 DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 511,888.14 Available Funds: Contract Payments due and received in this period 3,981,913.49 Contract Payments due in prior period(s) and received in this period 137,920.22 Contract Payments received in this period for next period 74,124.15 Sales, Use and Property Tax, Maintenance, Late Charges 189,312.23 Prepayment Amounts related to early termination in this period 0.00 Servicer Advance 2,318,455.84 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 2,501,962.12 Interest earned on Collection Account 2,179.68 Interest earned on SPG Account 182.07 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 9,717,937.94 Less: Amounts to be Retained in Collection Account 391,101.25 ---------------- AMOUNT TO BE DISTRIBUTED 9,326,836.69 ================ DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 639,450.04 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 6,763,263.45 a) Class A4 Principal (distributed after A3 Note matures) and Interest 517,178.81 b) Class B Principal and Interest 123,701.27 c) Class C Principal and Interest 248,952.81 d) Class D Principal and Interest 167,166.14 e) Class E Principal and Interest 222,457.11 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 323,180.61 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 0.00 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) 0.00 6. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 189,312.23 7. To Servicer, Servicing Fee and other Servicing Compensations 132,174.22 ---------------- TOTAL FUNDS DISTRIBUTED 9,326,836.69 ================ ---------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 391,101.25 ================ II. RESERVE ACCOUNT Beginning Balance $ 6,443,748.69 - Add Investment Earnings $ 4,609.28 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) $ 323,180.61 - Less Distribution to Certificate Account $ 2,501,962.12 ---------------- End of period balance $ 4,269,576.46 ================ 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 SEPTEMBER 11, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 155,499,730.51 Pool B 38,803,638.14 ---------------- Class A Overdue Interest, if any 0.00 194,303,368.65 Class A Monthly Interest - Pool A 554,160.55 Class A Monthly Interest - Pool B 138,286.06 Class A Overdue Principal, if any 310,908.65 Class A Monthly Principal - Pool A 5,209,696.69 Class A Monthly Principal - Pool B 1,378,298.96 Excess (Shortfall) cash to Principal 0.00 Reserve Account Distribution (already transferred to collection accounts) 0.00 Cash Shortfall due to Residual funds erroneously received in August (310,908.65) 6,587,995.65 ---------------- Ending Principal B Pool A 149,979,125.17 Pool B 37,425,339.18 ---------------- --------------- 187,404,464.35 ===============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $378,036,000 Original Face $378,036,000 Balance Factor $ 1.831695 $ 18.249332 49.573179%

IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 59,767,368.65 Class A4 134,536,000.00 ---------------- Class A Monthly Interest 194,303,368.65 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 175,267.80 Class A4 517,178.81 ---------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 6,587,995.65 Class A4 0.00 ---------------- 6,587,995.65 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 53,179,373.00 Class A4 134,536,000.00 ---------------- --------------- 187,715,373.00 ===============

Class A3 Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $122,000,000 Original Face $122,000,000 Balance Factor $ 1.436621 $ 53.999964 43.589650%

DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 2,649,002.37 Pool B 661,036.05 --------------- 3,310,038.42 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 9,181.00 Class B Monthly Interest - Pool B 2,291.04 Class B Overdue Principal, if any 5,296.46 Class B Monthly Principal - Pool A 88,749.34 Class B Monthly Principal - Pool B 23,479.89 Cash Shortfall due to Residual funds erroneously received in August (5,296.46) 112,229.23 --------------- Ending Principal Balance of the Class B Notes Pool A 2,560,253.03 Pool B 637,556.16 --------------- -------------- 3,197,809.19 ==============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,440,000 Original Face $6,440,000 Balance Factor $ 1.781373 $ 17.426899 49.655422%

VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 5,302,118.12 Pool B 1,323,098.61 --------------- 6,625,216.73 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 19,463.19 Class C Monthly Interest - Pool B 4,856.87 Class C Overdue Principal, if any 10,601.14 Class C Monthly Principal - Pool A 177,636.50 Class C Monthly Principal - Pool B 46,996.25 Cash Shortfall due to Residual funds erroneously received in August (10,601.14) 224,632.75 --------------- Ending Principal Balance of the Class C Notes Pool A 5,124,481.62 Pool B 1,276,102.36 --------------- --------------- 6,400,583.98 ===============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $12,890,000 Original Face $12,890,000 Balance Factor $ 1.886739 $ 17.426901 49.655423%

DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 3,533,374.32 Pool B 881,723.58 --------------- 4,415,097.90 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 13,980.38 Class D Monthly Interest - Pool B 3,488.69 Class D Overdue Principal, if any 7,064.69 Class D Monthly Principal - Pool A 118,378.39 Class D Monthly Principal - Pool B 31,318.68 Cash Shortfall due to Residual funds erroneously received in August (7,064.69) 149,697.07 --------------- Ending Principal Balance of the Class D Notes Pool A 3,414,995.93 Pool B 850,404.90 ---------------- ---------------- 4,265,400.83 ================

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $8,590,000 Original Face $8,590,000 Balance Factor $ 2.033652 $ 17.426900 49.655423%

VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 4,417,746.22 Pool B 1,102,411.08 --------------- 5,520,157.30 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 28,244.12 Class E Monthly Interest - Pool B 7,048.08 Class E Overdue Principal, if any 8,832.91 Class E Monthly Principal - Pool A 148,007.45 Class E Monthly Principal - Pool B 39,157.46 Cash Shortfall due to Residual funds erroneously received in August (8,832.91) 187,164.91 --------------- Ending Principal Balance of the Class E Notes Pool A 4,269,738.77 Pool B 1,063,253.62 --------------- ---------------- 5,332,992.39 ================

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $10,740,000 Original Face $10,740,000 Balance Factor $ 3.286052 $ 17.426900 49.655423%

DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 5,300,985.39 Pool B 1,322,815.94 --------------- 6,623,801.33 Residual Interest - Pool A 0.00 Residual Interest - Pool B 0.00 Residual Principal - Pool A 188,197.42 Residual Principal - Pool B 46,986.21 -------------- 235,183.63 Ending Residual Principal Balance Pool A 5,112,787.97 Pool B 1,275,829.73 -------------- --------------- 6,388,617.70 =============== X. PAYMENT TO SERVICER - Collection period Servicer Fee 132,174.22 - Servicer Advances reimbursement 639,450.04 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 189,312.23 --------------- Total amounts due to Servicer 960,936.49 ===============

DVI RECEIVABLES XVI L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 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 176,702,956.90 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 6,273,369.63 --------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 170,429,587.27 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 4,002,460.80 - Principal portion of Prepayment Amounts 0.00 - 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 2,270,908.83 - 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 6,273,369.63 =============== POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 44,094,723.34 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,566,237.46 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the --------------- ending of the related Collection Period 42,528,485.88 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,504,567.40 - Principal portion of Prepayment Amounts 0.00 - 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 61,670.06 - 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 1,566,237.46 =============== --------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 212,958,073.15 ===============

DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS*
POOL A Discounted Discounted Lease # Present Value Lease # Present Value - ----------------------------------------- ----------------------------------------- # 2636-001 (08/03) 2,203,091.85 # 2008046-001 (08/03) 121,650.51 ----------------- Totals $2,324,742.36 POOL B Discounted Discounted Lease # Present Value Lease # Present Value - ----------------------------------------- ----------------------------------------- ~~# 2008808-001 (09/03) $61,670.06 ----------------- Totals $61,670.06~~
a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $2,386,412.42 b) ADCB AT CLOSING DATE $429,583,246.18 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0.56% * ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS. ** THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE. # NONRECOVERABLE DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XIII. CUMULATIVE DETAIL OF DELINQUENT CONTRACTS REPURCHASED* POOL A Repurchases $ 10,168,631.85 Substitutions $ 6,250,273.37 POOL B Repurchases $ 689,848.09 Substitutions $ -- --------------- TOTAL $ 17,108,753.31 a) DISCOUNTED CONTRACT BALANCES OF ALL DELINQUENT CONTRACTS REPURCHASED $ 17,108,753.31 b) ADCB AT CLOSING DATE 429,583,246.18 c) (CANNOT EXCEED 15% OVER THE LIFE OF THE POOL) 3.98%

* ANY DELINQUENT CONTRACT THE SERVICER HAS REPURCHASED FROM THE POOL DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS Pool A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ----------- ----------- ------------- ----------- --------------- 3092-701 $1,285,497.56 3083-701 $ 619,156.09 1026-005 $3,940,729.70 2706-201 $ 81,139.77 3729-001 $1,587,776.40 2706-203 $ 173,283.13 3729-002 $ 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 DETAILS 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 DETAILS DURING THE RELATED COLLECTION PERIOD YES NO X --- -----

DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XV. 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 $3,261,116.93 2771-001 3,215,821.21 3718-002 $ 758,012.82 2973-003 180,086.79 3718-003 $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

Changes 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

Changes 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 SEPTEMBER 11, 2003 XVI. Pool Performance Measurements 1. Aggregate Discounted Contract Balance
Contracts Delinquent > 90 days Total Outstanding Contracts This Month 10,661,733.53 This Month 212,958,073.15 1 Month Prior 12,255,188.95 1 Month Prior 220,797,680.24 2 Months Prior 13,229,972.81 2 Months Prior 229,124,675.15 Total 36,146,895.29 Total 662,880,428.54 a) 3 Month Average 12,048,965.10 b) 3 Month Average 220,950,142.85 c) a/b 5.45% 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 --------- -------- 4. Has a Servicer Event of Default occurred? Yes No --------- -------- 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 --------- -------- 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 ---------------- Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than: TOTAL % OF TOTAL A.D.C.B. A.D.C.B. A.D.C.B. -------- -------- ---------- 30 Days Overdue 43,177,618.08 212,958,073.15 20.275% 60 Days Overdue 7,173,421.10 212,958,073.15 3.368% 90 Days Overdue 1,118,248.78 212,958,073.15 0.525% 120 Days Overdue 2,611,769.79 212,958,073.15 1.226% 150 Days Overdue 6,931,714.96 212,958,073.15 3.255% 180 Days Overdue 0.00 212,958,073.15 0.000%
DVI RECEIVABLES XVI L.L.C. 2001-2 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 11, 2003 Please transfer the following funds from DVI Collection A # 33-39568-2 To the Distribution Account 6,960,633.72 ----------------- Please transfer the following funds from DVI Collection A # 33-39568-3 To the Distribution Account 1,589,614.00 ----------------- Please transfer the following funds from SPG Collection A # 33-39568-0 To the Distribution Account 476,765.01 ----------------- Please transfer the following funds from SPG Collection A # 33-39568-1 To the Distribution Account 299,823.96 -----------------

EX-99.8 10 y90580exv99w8.txt SERVICER REPORT: DVI RECEIVABLES XVII EXHIBIT 99.8 DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 568,923.70 Available Funds: Contract Payments due and received in this period 4,380,050.48 Contract Payments due in prior period(s) and received in this period 224,490.78 Contract Payments received in this period for next period 68,259.31 Sales, Use and Property Tax, Maintenance, Late Charges 135,091.87 Prepayment Amounts related to early termination in this period 0.00 Servicer Advance 3,194,201.68 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 122,192.78 Interest earned on Collection Account 2,823.43 Interest earned on SPG Account 255.12 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 8,696,289.15 Less: Amounts to be Retained in Collection Account 405,192.77 ------------- AMOUNT TO BE DISTRIBUTED 8,291,096.38 ============= DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 332,720.52 3. To Bank of America Derivative Settlement 493,624.26 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 0.00 a) Class A3 Principal (distributed after A2 Note matures) and Interest 4,377,025.92 a) Class A3b Principal (distributed after A2 Note matures) and Interest 1,821,627.66 b) Class B Principal and Interest 113,696.88 c) Class C Principal and Interest 231,463.89 d) Class D Principal and Interest 154,955.91 e) Class E Principal and Interest 212,168.91 5. To Reserve Account for Requirement per Indenture Agreement Section 3.08 117,661.76 6. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 6,855.72 b) Residual Principal (Provided no Restricting or Amortization Event in effect) 102,851.18 c) Reserve Account Distribution (Provided no Restricting or Amortization Event in effect) 0.00 7. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 138,170.42 8. To Servicer, Servicing Fee and other Servicing Compensations 188,273.35 ------------- TOTAL FUNDS DISTRIBUTED 8,291,096.38 ============= ------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 405,192.77 ============= II. RESERVE ACCOUNT Beginning Balance $6,821,018.04 - Add Investment Earnings $ 4,531.02 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) $ 117,661.76 - Less Distribution to Certificate Account $ 122,192.78 ------------- 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 SEPTEMBER 11, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 208,397,784.95 Pool B 56,958,741.11 -------------- Class A Overdue Interest, if any 0.00 265,356,526.06 Class A Monthly Interest - Pool A 406,820.95 Class A Monthly Interest - Pool B 111,191.24 Class A Overdue Principal, if any 378,018.77 Class A Monthly Principal - Pool A 4,076,589.57 Class A Monthly Principal - Pool B 1,604,051.82 Excess (Shortfall) cash to Principal 0.00 Reserve Account Distribution 0.00 Cash Shortfall due to Residual funds erroneously received in August (378,018.77) 5,680,641.39 -------------- Ending Principal B Pool A 203,943,176.61 Pool B 55,354,689.29 -------------- -------------- 259,297,865.90 ==============
Interest Paid Per $ 1,000 Principal Paid Per $ 1,000 Ending Principal Original Face $400,172,000 Original Face $ 400,172,000 Balance Factor $ 1.294474 $ 15.140140 64.796604%

Class A Overdue Principal not paid this period - Pool A Class A Overdue Principal not paid this period - Pool B IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3a 193,115,336.58 Class A3b 72,241,189.48 -------------- Class A Monthly Interest 265,356,526.06 Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3a 242,893.66 Class A3b 275,118.53 -------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3a 4,134,132.26 Class A3b 1,546,509.13 -------------- 5,680,641.39 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3a 188,981,204.32 Class A3b 70,694,680.35 -------------- -------------- 259,675,884.67 ============== Class A3
Interest Paid Per $ 1,000 Principal Paid Per $ 1,000 Ending Principal Original Face $ 281,000,000 Original Face $ 281,000,000 Balance Factor $ 1.843460 $ 20.215806 92.411347%

DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 3,551,655.03 Pool B 970,729.13 ------------ 4,522,384.16 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 13,259.51 Class B Monthly Interest - Pool B 3,624.06 Class B Overdue Principal, if any 6,442.45 Class B Monthly Principal - Pool A 69,475.98 Class B Monthly Principal - Pool B 27,337.33 Cash Shortfall due to Residual funds erroneously received in August (6,442.45) 96,813.31 ------------ Ending Principal Balance of the Class B Notes Pool A 3,482,179.05 Pool B 943,391.80 ------------ ------------ 4,425,570.85 ============
Interest Paid Per $ 1,000 Principal Paid Per $ 1,000 Ending Principal Original Face $ 6,820,000 Original Face $ 6,820,000 Balance Factor $ 2.475597 $ 14.195500 64.891068%

VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 7,103,310.03 Pool B 1,941,458.26 ------------ 9,044,768.29 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 29,715.51 Class C Monthly Interest - Pool B 8,121.77 Class C Overdue Principal, if any 12,884.90 Class C Monthly Principal - Pool A 138,951.95 Class C Monthly Principal - Pool B 54,674.66 Cash Shortfall due to Residual funds erroneously received in August (12,884.90) 193,626.61 ------------ Ending Principal Balance of the Class C Notes Pool A 6,964,358.08 Pool B 1,886,783.60 ------------ ------------ 8,851,141.68 ============
Interest Paid Per $ 1,000 Principal Paid Per $ 1,000 Ending Principal Original Face $ 13,640,000 Original Face $ 13,640,000 Balance Factor $ 2.773994 $ 14.195499 64.891068%

DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 4,733,804.13 Pool B 1,293,831.03 ------------ 6,027,635.16 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 20,355.36 Class D Monthly Interest - Pool B 5,563.47 Class D Overdue Principal, if any 8,586.79 Class D Monthly Principal - Pool A 92,600.67 Class D Monthly Principal - Pool B 36,436.41 Cash Shortfall due to Residual funds erroneously received in August (8,586.79) 129,037.08 ------------ Ending Principal Balance of the Class D Notes Pool A 4,641,203.46 Pool B 1,257,394.62 ------------ ------------ 5,898,598.08 ============
Interest Paid Per $ 1,000 Principal Paid Per $ 1,000 Ending Principal Original Face $ 9,090,000 Original Face $ 9,090,000 Balance Factor $ 2.851356 $ 14.195498 64.891068%

VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 5,921,160.94 Pool B 1,618,356.32 ------------ 7,539,517.26 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 39,869.15 Class E Monthly Interest - Pool B 10,896.93 Class E Overdue Principal, if any 10,740.57 Class E Monthly Principal - Pool A 115,827.25 Class E Monthly Principal - Pool B 45,575.58 Cash Shortfall due to Residual funds erroneously received in August (10,740.57) 161,402.83 ------------ Ending Principal Balance of the Class E Notes Pool A 5,805,333.69 Pool B 1,572,780.74 ------------ ------------ 7,378,114.43 ============
Interest Paid Per $ 1,000 Principal Paid Per $ 1,000 Ending Principal Original Face $ 11,370,000 Original Face $ 11,370,000 Balance Factor $ 4.464915 $ 14.195500 64.891068%

DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 7,104,630.57 Pool B 1,941,819.14 -------------- 9,046,449.71 Residual Interest - Pool A 6,855.72 Residual Interest - Pool B 0.00 Residual Principal - Pool A 151,865.08 Residual Principal - Pool B 54,684.82 -------------- 206,549.90 Ending Residual Principal Balance Pool A 6,952,765.49 Pool B 1,887,134.32 -------------- -------------- 8,839,899.81 ============== X. PAYMENT TO SERVICER - Collection period Servicer Fee 188,273.35 - Servicer Advances reimbursement 332,720.52 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 138,170.42 -------------- Total amounts due to Servicer 659,164.29 ==============

DVI RECEIVABLES XVII L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 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 236,812,345.64 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 5,061,983.99 -------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 231,750,361.65 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 4,632,423.23 - Principal portion of Prepayment Amounts 0.00 - 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 429,560.76 - 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 5,061,983.99 ============== POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 64,724,935.01 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,822,760.61 -------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 62,902,174.40 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,808,860.58 - Principal portion of Prepayment Amounts 0.00 - 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 13,900.03 - 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 1,822,760.61 ============== -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 294,652,536.05 ==============

DVI RECEIVABLES XVII, L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS*
POOL A Discounted Discounted Lease # Present Value Lease # Present Value - ----------------------------------------- ----------------------------------------- # 2585-005 (08/03) $309,577.88 # 2012914-001 (08/03) $4,358.78 # 9900978-004 (08/03) $39,959.71 # 9900978-006 (08/03) $88,223,39 ----------------- Totals: $442,119.76 POOL B Discounted Discounted Lease # Present Value Lease # Present Value - ----------------------------------------- ----------------------- ---------------- # 2012329-001 (09/03) 13,990.03 $0.00 ----------------- Totals: $13,990.03
a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $456,109.79 b) ADCB AT CLOSING DATE $454,734,535.69 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0.10% * ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS, ** THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE # NONRECOVERABLE DVI RECEIVABLES XVII, L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XIII. CUMULATIVE DETAIL OF DELINQUENT CONTRACTS REPURCHASED* POOL A Repurchases $ 3,124,259.56 Substitutions $ 1,264,441.80 POOL B Repurchases $ 739,993.48 Substitutions $ 6,128,201.07 TOTAL ----------------- $ 11,256,895.91

a) DISCOUNTED CONTRACT BALANCES OF ALL DELINQUENT CONTRACTS REPURCHASED $ 11,256,895.91 b) ADCB AT CLOSING DATE $ 454,734,535.69 c) (CANNOT EXCEED 15% OVER THE LIFE OF THE POOL) 2.48% * ANY DELINQUENT CONTRACT THE SERVICER HAS REPURCHASED FROM THE POOL DVI RECEIVABLES XVII, L.L.C. 2002-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 11, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS Pool A
Predecessor Discounted Predecessor Discounted Lease # Lessee Name Present Value Lease # Present Value - ----------- ----------- ------------- ----------- --------------- 3446-004 $ 657,993.20 2879-002 $ 438,601.04 3446-005 $ 808,918.85 3220-002 $ 2,998,755.95 3446-006 $1,496,057.34 3446-007 $ 437,159.27 CASH $ 39,228.33 3355-003 $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 - ----------- ----------- ------------- ----------- --------------- ~~------------- --------------- 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 SEPTEMBER 11, 2003 XV. 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 $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 $2,833,341.68 1377-006 $1,547,323.56 3730-002 $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 SEPTEMBER 11, 2003 XVI. Pool Performance Measurements 1. Aggregate Discounted Contract Balance
Contracts Delinquent > 90 days Total Outstanding Contracts This Month 2,683,556.41 This Month 294,652,536.05 1 Month Prior 2,110,051.89 1 Month Prior 301,537,280.65 2 Months Prior 3,308,497.18 2 Months Prior 317,497,550.96 Total 9,102,105.48 Total 913,687,367.66 a) 3 Month Average 3,034,035.18 b) 3 Month Average 304,562,455.89 c) a/b 1.00% 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 --------- -------- 4. Has a Servicer Event of Default occurred? Yes No --------- -------- 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 --------- -------- 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 ---------------- Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than: Total % of Total A.D.C.B. A.D.C.B. A.D.C.B. -------- -------- ---------- 30 Days Overdue 68,276,193.23 294,652,536.05 23.172% 60 Days Overdue 15,560,996.30 294,652,536.05 5.381% 90 Days Overdue 116,883.01 294,652,536.05 0.040% 120 Days Overdue 2,332,940.68 294,652,536.05 0.792% 150 Days Overdue 233,732.72 294,652,536.05 0.079% 180 Days Overdue 0.00 294,652,536.05 0.000%
DVI RECEIVABLES XVII L.L.C. 2002-1 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 11, 2003 Please transfer the following funds from DVI Collection A # 33-40182-1 To the Distribution Account 5,254,187.17 -------------- Please transfer the following funds from DVI Collection B # 33-40182-3 To the Distribution Account 1,822,128.00 -------------- Please transfer the following funds from SPG Collection A # 33-40182-0 To the Distribution Account 840,119.78 -------------- Please transfer the following funds from SPG Collection B # 33-40182-2 To the Distribution Account 374,661.43 --------------

EX-99.9 11 y90580exv99w9.txt SERVICER REPORT: DVI RECEIVABLES XVIII EXHIBIT 99.9 DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 2,061,356.84 Available Funds: Contract Payments due and received in this period 5,689,208.96 Contract Payments due in prior period(s) and received in this period 202,211.26 Contract Payments received in this period for next period 157,671.83 Sales, Use and Property Tax, Maintenance, Late Charges 199,688.57 Prepayment Amounts related to early termination in this period 866,261.95 Servicer Advance 2,189,301.64 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Accounts 149,031.78 Interest earned on Collection Account 5,190.96 Interest earned on SPG Account 564.35 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 11,520,488.14 Less: Amounts to be Retained in Collection Account 1,446,301.18 --------------- AMOUNT TO BE DISTRIBUTED 10,074,186.96 =============== DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 244,837.92 3. To Bank of America Derivative Settlement 294,250.30 4. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 0.00 a) Class A2a Principal (distributed after A1 Note matures) and Interest 3,762,367.05 a) Class A2b Principal (distributed after A1 Note matures) and Interest 3,772,964.54 a) Class A3a Principal (distributed after A2 Note matures) and Interest 284,745.33 a) Class A3b Principal (distributed after A2 Note matures) and Interest 258,000.00 b) Class B Principal and Interest 144,356.45 c) Class C Principal and Interest 295,463.43 d) Class D Principal and Interest 191,603.22 e) Class E Principal and Interest 269,821.82 5. To Reserve Account for Requirement per Indenture Agreement Section 3.08 115,077.47 6. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 0.00 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) 0.00 7. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 204,042.00 8. To Servicer, Servicing Fee and other Servicing Compensations 236,657.43 --------------- TOTAL FUNDS DISTRIBUTED 10,074,186.96 =============== End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 1,446,301.18 =============== II. RESERVE ACCOUNT Beginning Balance $11,560,273.87 - Add Investment Earnings 7,720.91 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 115,077.47 - Less Distribution to Certificate Account 149,031.78 --------------- End of period balance $11,534,040.47 =============== 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 SEPTEMBER 12, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 279,825,743.96 Pool B 51,228,787.02 --------------- Class A Overdue Interest, if any 0.00 331,054,530.98 Class A Monthly Interest - Pool A 513,107.06 Class A Monthly Interest - Pool B 93,936.50 Class A Overdue Principal, if any 121,602.40 Class A Monthly Principal - Pool A 5,838,802.16 Class A Monthly Principal - Pool B 1,632,231.20 Excess (Shortfall) cash to Principal 0.00 Reserve Account Distribution 0.00 Cash Shortfall due to Residual funds erroneously received in August (121,602.40) 7,471,033.36 --------------- Ending Principal Balance B Pool A 273,865,339.40 Pool B 49,596,555.82 --------------- --------------- 323,461,895.22 ===============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $406,920,000 Original Face $406,920,000 Balance Factor ~~$ 1.491801 $ 18.658792 79.490292%~~
IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2a 22,927,265.49 Class A2b 22,927,265.49 Class A3a 199,200,000.00 Class A3b 86,000,000.00 --------------- Class A Monthly Interest 331,054,530.98 Class A1 (Actual Number Days/360) 0.00 Class A2a (Actual Number Days/360) 26,850.37 Class A2b 37,447.86 Class A3a (Actual Number Days/360) 284,745.33 Class A3b 258,000.00 --------------- Class A Monthly Principal Class A1 0.00 Class A2a 3,735,516.68 Class A2b 3,735,516.68 Class A3a 0.00 Class A3b 0.00 --------------- 7,471,033.36 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2a 19,191,748.81 Class A2b 19,191,748.81 Class A3a 199,200,000.00 Class A3b 86,000,000.00 --------------- 323,583,497.62 ===============

Class A1
Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $50,000,000 Original Face $50,000,000 Balance Factor ~~$ 1.285965 $ 149.420667 76.766995%~~
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 4,772,413.90 Pool B 873,704.37 ------------- 5,646,118.27 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 14,317.24 Class B Monthly Interest - Pool B 2,621.11 Class B Overdue Principal, if any 2,073.92 Class B Monthly Principal - Pool A 99,580.48 Class B Monthly Principal - Pool B 27,837.62 Cash Shortfall due to Residual funds erroneously received in August (2,073.92) 127,418.10 ------------- Ending Principal Balance of the Class B Notes Pool A 4,672,833.42 Pool B 845,866.75 ------------- ------------- 5,518,700.17 =============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,940,000 Original Face $6,940,000 Balance Factor ~~$ 2.440684 $ 18.359957 79.520175%~~
VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 9,537,951.11 Pool B 1,746,149.79 ------------- 11,284,100.90 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 34,495.59 Class C Monthly Interest - Pool B 6,315.24 Class C Overdue Principal, if any 4,144.85 Class C Monthly Principal - Pool A 199,017.47 Class C Monthly Principal - Pool B 55,635.13 Cash Shortfall due to Residual funds erroneously received in August (4,144.85) 254,652.60 ------------- Ending Principal Balance of the Class C Notes Pool A 9,338,933.64 Pool B 1,690,514.66 ------------- -------------- 11,029,448.30 ==============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $13,870,000 Original Face $13,870,000 Balance Factor ~~$ 2.942381 $ 18.359957 79.520175%~~
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 6,360,926.30 Pool B 1,164,519.52 ------------- 7,525,445.82 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A (Actual Number Days/360) 18,404.28 Class D Monthly Interest - Pool B (Actual Number Days/360) 3,369.34 Class D Overdue Principal, if any 2,764.23 Class D Monthly Principal - Pool A 132,726.14 Class D Monthly Principal - Pool B 37,103.46 Cash Shortfall due to Residual funds erroneously received in August (2,764.23) 169,829.60 ------------- Ending Principal Balance of the Class D Notes Pool A 6,228,200.16 Pool B 1,127,416.06 ------------- ------------- 7,355,616.22 =============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,250,000 Original Face $9,250,000 Balance Factor ~~$ 2.353905 $ 18.359957 79.520175%~~
VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 7,949,438.71 Pool B 1,455,334.64 ------------- 9,404,773.35 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A (Actual Number Days/360) 48,670.44 Class E Monthly Interest - Pool B (Actual Number Days/360) 8,910.29 Class E Overdue Principal, if any 3,454.55 Class E Monthly Principal - Pool A 165,871.80 Class E Monthly Principal - Pool B 46,369.29 Cash Shortfall due to Residual funds erroneously received in August (3,454.55) 212,241.09 ------------- Ending Principal Balance of the Class E Notes Pool A 7,783,566.91 Pool B 1,408,965.35 ------------- ------------- 9,192,532.26 =============

Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $11,560,000 Original Face $11,560,000 Balance Factor ~~$ 4.981032 $ 18.359956 79.520175%~~
DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 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 0.00 Residual Interest - Pool B 16,393.26 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 236,657.43 - Servicer Advances reimbursement 244,837.92 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 204,042.00 ---------- Total amounts due to Servicer 685,537.35 ==========

DVI RECEIVABLES XVIII L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 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 319,823,498.11 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 6,570,038.01 --------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 313,253,460.10 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 5,604,387.17 - Principal portion of Prepayment Amounts 725,594.50 - 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 240,056.34 - 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 6,570,038.01 ================ POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 58,962,426.10 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 1,799,176.70 --------------- Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the ending of the related Collection Period 57,163,249.40 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,644,357.79 - Principal portion of Prepayment Amounts 154,818.91 - 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 1,799,176.70 ================ --------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 370,416,709.50 ===============

DVI RECEIVABLES XVIII, L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XII. Cumulative Detail of Defaulted Contracts* Pool A
Discounted Discounted Lease # Present Value Lease # Present Value ------------ ------------- ------------ ------------- #* 7002469-001 (08/03) 14,288.64 #* 7002469-003 (08/03) 3,427.24 #* 7003145-001 (08/03) 119,023.00 #* 7003091-001 (09/03) 33,567.30 #* 7003951-001 (09/03) 58,639.44 #* 7004553-001 (09/03) 13,809.65 ----------- Totals: $242,755.27
Pool B
Discounted Discounted Lease # Present Value Lease # Present Value ------------ ------------- ------------ ------------- ~~$0.00 ----------- Totals: $0.00~~
a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $242,755.27 b) ADCB AT CLOSING DATE $462,410,954.84 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0.05% * ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT [GREATER THAN] 180 DAYS ** THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE # NONRECOVERABLE DVI RECEIVABLES XVIII, L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XIII. CUMULATIVE DETAIL OF DELINQUENT CONTRACTS REPURCHASED* Pool A Repurchases $1,126,541.50 Substitutions $ -- Pool B Repurchases $ 159,060.19 Substitutions $ -- ------------- Total $1,285,601.69 a) DISCOUNTED CONTRACT BALANCES OF ALL DELINQUENT $1,285,601.69 CONTRACTS REPURCHASED b) ADCB AT CLOSING DATE $462,410,954.84 c) (CANNOT EXCEED 15% OVER THE LIFE OF THE POOL) 0.28% *ANY DELINQUENT CONTRACT THE SERVICER HAS REPURCHASED FROM THE POOL DVI RECEIVABLES XVIII, L.L.C. 2002-2 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XIV. 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 SEPTEMBER 12, 2003 XV. 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 _________ _______________ 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 SEPTEMBER 12, 2003 XVI. Pool Performance Measurements 1. Aggregate Discounted Contract Balance Contracts Delinquent > 90 days Total Outstanding Contracts This month 7,273,683.19 This Month 370,416,709.50 1 Month Prior 2,101,058.54 1 Month Prior 378,785,924.21 2 Months Prior 7,376,750.17 2 Months Prior 391,806,732.34 Total 16,751,491.90 Total 1,141,009,366.05 a) 3 Month Average 5,583,830.83 b) 3 Month Average 380,336,455.35 b) a/b 1.47%

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 --------- --------- 4. Has Servicer Event of Default occurred? Yes No --------- --------- 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 --------- --------- 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 Date Balance $462,410,954.84 ---------------

Aggregate Discounted Contract Balance (A.D.C.B.) of contracts listed as more than:
Total % of Total A.D.C.B. A.D.C.B. A.D.C.B. ------------- -------------- -------- 30 Days Overdue 36,035,738.14 370,416,709.50 9.728% 60 Days Overdue 10,027,204.06 370,416,709.50 2.707% 90 Days Overdue 5,445,597.85 370,416,709.50 1.470% 120 Days Overdue 1,324,661.06 370,416,709.50 0.358% 150 Days Overdue 503,424.28 370,416,709.50 0.136% 180 Days Overdue 0.00 370,416,709.50 0.000%
DVI RECEIVABLES XVIII L.L.C. 2002-2 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 12, 2003 Please transfer the following funds from DVI Collection A # 33-46240-1 To the Distribution Account 6,671,354.67 -------------- Please transfer the following funds from DVI Collection A # 33-46240-3 1,615,637.04 To the Distribution Account -------------- Please transfer the following funds from SPG Collection A # 33-46240-0 1,293,980.03 To the Distribution Account -------------- Please transfer the following funds from SPG Collection A # 33-46240-2 493,215.22 To the Distribution Account --------------

EX-99.10 12 y90580exv99w10.txt SERVICER REPORT: DVI RECEIVABLES XIX EXHIBIT 99.10 DVI RECEIVABLES XIX L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 1,339,786.09 Available Funds: Contract Payments due and received in this period 5,132,803.47 Contract Payments due in prior period(s) and received in this period 182,549.32 Contract Payments received in this period for next period 135,697.35 Sales, Use and Property Tax, Maintenance, Late Charges 220,424.62 Prepayment Amounts related to early termination in this period 11,247.67 Servicer Advance 3,079,334.99 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Accounts 43,005.49 Interest earned on Collection Account 3,181.61 Interest earned on SPG Account 562.60 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 0.00 -------------- Total Available Funds 10,148,593.21 Less: Amounts to be Retained in Collection Account 673,840.07 -------------- AMOUNT TO BE DISTRIBUTED 9,474,753.14 ============== DISTRIBUTION OF FUNDS: 1. To Trustee - Fees 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 190,840.42 3. To Bank of America Derivative Settlement 227,922.78 4. To Noteholders (For Servicer Report immediately following the Final Additional Closing Date) a) Class A1 Principal and Interest 6,594,976.66 a) Class A2a Principal (distributed after A1 Note matures) and Interest 27,342.00 a) Class A2b Principal (distributed after A1 Note matures) and Interest 35,325.00 a) Class A3a Principal (distributed after A2 Note matures) and Interest 318,342.62 a) Class A3b Principal (distributed after A2 Note matures) and Interest 74,133.33 b) Class B Principal and Interest 317,634.22 c) Class C Principal and Interest 288,686.91 d) Class D Principal and Interest 223,243.69 e) Class E Principal and Interest 267,997.19 5. To Reserve Account for Requirement per Indenture Agreement Section 3.08 35,430.43 6. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 377,333.19 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) 0.00 7. To Servicer, Tax, Maintenance, Late Charges and Bank Interest Earned and Any Other Amounts 224,168.83 8. To Servicer, Servicing Fee and other Servicing Compensations 271,375.87 -------------- TOTAL FUNDS DISTRIBUTED 9,474,753.14 ============== -------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 673,840.07 ============== II. RESERVE ACCOUNT Beginning Balance $11,341,994.06 - Add Investment Earnings 7,575.06 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 35,430.43 - Less Distribution to Certificate Account 43,005.49 -------------- End of period balance $11,341,994.06 ============== 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 $11,341,994.06 ==============

DVI RECEIVABLES XIX L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 III. Class A Note Principal Balance Beginning Principal Balance of the Class A Notes Pool A 295,708,616.03 Pool B 67,845,725.90 -------------- Class A Overdue Interest, if any 0.00 363,554,341.93 Class A Monthly Interest - Pool A 414,549.54 Class A Monthly Interest - Pool B 95,111.92 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 4,268,976.73 Class A Monthly Principal - Pool B 2,271,481.42 Excess (Shortfall) cash to Principal 0.00 Reserve Account Distribution 0.00 6,540,458.15 -------------- Ending Principal B Pool A 291,439,639.30 Pool B 65,574,244.48 -------------- -------------- 357,013,883.78 ============== - ------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $385,630,000 Original Face $385,630,000 Balance Factor $ 1.321633 $ 16.960450 92.579385% - ------------------------------------------------------------------------------------- Is ADCB > Class A Balance? YES X NO ------- -------- IV. Class A Note Principal Balance Beginning Principal Balance of the Class A Notes Class A1 49,734,341.93 Class A2a 25,200,000.00 Class A2b 27,000,000.00 Class A3a 229,620,000.00 Class A3b 32,000,000.00 -------------- Class A Monthly Interest 363,554,341.93 Class A1 (Actual Number Days/360) 54,518.51 Class A2a (Actual Number Days/360) 27,342.00 Class A2b 35,325.00 Class A3a (Actual Number Days/360) 318,342.62 Class A3b 74,133.33 -------------- Class A Monthly Principal Class A1 6,540,458.15 Class A2a 0.00 Class A2b 0.00 Class A3a 0.00 Class A3b 0.00 -------------- 6,540,458.15 Ending Principal Balance of the Class A Notes Class A1 43,193,883.78 Class A2a 25,200,000.00 Class A2b 27,000,000.00 Class A3a 229,620,000.00 Class A3b 32,000,000.00 -------------- 357,013,883.78 ============== Class A1 - -------------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $71,810,000 Original Face $71,810,000 Balance Factor $ 0.759205 $ 91.080047 60.150235% - --------------------------------------------------------------------------------------

DVI RECEIVABLES XIX L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 13,043,600.23 Pool B 2,992,650.46 ------------- 16,036,250.69 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 23,699.50 Class B Monthly Interest - Pool B 5,437.48 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 188,303.02 Class B Monthly Principal - Pool B 100,194.22 ------------- 288,497.24 Ending Principal Balance of the Class B Notes Pool A 12,855,297.21 Pool B 2,892,456.24 ------------- ------------- 15,747,753.45 ============= - ------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $17,010,000 Original Face $17,010,000 Balance Factor $ 1.712932 $ 16.960449 92.579385% - ------------------------------------------------------------------------------- IS ADCB > CLASS A + CLASS B BALANCES? YES X NO --------- ------ VI. CLASS C-1 NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C-1 Notes Pool A 4,401,544.11 Pool B 1,009,865.58 ------------- 5,411,409.69 Class C-1 Overdue Interest, if any 0.00 Class C-1 Monthly Interest - Pool A 10,650.51 Class C-1 Monthly Interest - Pool B 2,443.59 Class C-1 Overdue Principal, if any 0.00 Class C-1 Monthly Principal - Pool A 63,542.58 Class C-1 Monthly Principal - Pool B 33,810.40 ------------- 97,352.98 Ending Principal Balance of the Class C-1 Notes Pool A 4,338,001.53 Pool B 976,055.18 ------------- ------------- 5,314,056.71 ============= - ------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,740,000 Original Face $5,740,000 Balance Factor $ 2.281202 $ 16.960449 92.579385% - -------------------------------------------------------------------------------

DVI RECEIVABLES XIX L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 VII. CLASS C-2 NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C-2 Notes Pool A 6,901,375.78 Pool B 1,583,412.94 -------------- 8,484,788.72 Class C-2 Overdue Interest, if any 0.00 Class C-2 Monthly Interest - Pool A (Actual Number Days/360) 20,819.15 Class C-2 Monthly Interest - Pool B (Actual Number Days/360) 4,776.63 Class C-2 Overdue Principal, if any 0.00 Class C-2 Monthly Principal - Pool A 99,631.23 Class C-2 Monthly Principal - Pool B 53,012.82 -------------- 152,644.05 Ending Principal Balance of the Class C-2 Notes Pool A 6,801,744.55 Pool B 1,530,400.12 -------------- -------------- 8,332,144.67 ============== - ------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,000,000 Original Face $9,000,000 Balance Factor $ 2.843976 $ 16.960450 92.579385% - ------------------------------------------------------------------------------ IS ADCB > CLASS A + CLASS B + CLASS C BALANCES ? YES X NO -------- -------- VIII. CLASS D-1 NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D-1 Notes Pool A 4,861,635.83 Pool B 1,115,426.45 -------------- 5,977,062.28 Class D-1 Overdue Interest, if any 0.00 Class D-1 Monthly Interest - Pool A (Actual Number Days/360) 12,810.41 Class D-1 Monthly Interest - Pool B (Actual Number Days/360) 2,939.15 Class D-1 Overdue Principal, if any 0.00 Class D-1 Monthly Principal - Pool A 70,184.67 Class D-1 Monthly Principal - Pool B 37,344.58 -------------- 107,529.25 Ending Principal Balance of the Class D-1 Notes Pool A 4,791,451.16 Pool B 1,078,081.87 -------------- -------------- 5,869,533.03 ============== - ------------------------------------------------------------------------------ Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $6,340,000 Original Face $6,340,000 Balance Factor $ 2.484158 $ 9.301838 92.579385% - ------------------------------------------------------------------------------

DVI RECEIVABLES XIX L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 VII. CLASS D-2 NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D-2 Notes Pool A 3,834,097.66 Pool B 879,673.86 ------------ 4,713,771.52 Class D-2 Overdue Interest, if any 0.00 Class D-2 Monthly Interest - Pool A (Actual Number Days/360) 12,333.01 Class D-2 Monthly Interest - Pool B (Actual Number Days/360) 2,829.62 Class D-2 Overdue Principal, if any 0.00 Class D-2 Monthly Principal - Pool A 55,350.68 Class D-2 Monthly Principal - Pool B 29,451.57 ------------ 84,802.25 Ending Principal Balance of the Class D-2 Notes Pool A 3,778,746.98 Pool B 850,222.29 ------------ ------------ 4,628,969.27 ============ - ----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $5,000,000 Original Face $5,000,000 Balance Factor $ 3.032526 $ 16.960450 92.579385% - ----------------------------------------------------------------------------- IS ADCB > CLASS A + CLASS B + CLASS C + CLASS D BALANCES ? YES X NO --------- ----- VIII. CLASS E-1 NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E-1 Notes Pool A 7,162,094.43 Pool B 1,643,230.77 ------------ 8,805,325.20 Class E-1 Overdue Interest, if any 0.00 Class E-1 Monthly Interest - Pool A (Actual Number Days/360) 50,017.28 Class E-1 Monthly Interest - Pool B (Actual Number Days/360) 11,475.68 Class E-1 Overdue Principal, if any 0.00 Class E-1 Monthly Principal - Pool A 103,395.07 Class E-1 Monthly Principal - Pool B 55,015.52 ------------ 158,410.59 Ending Principal Balance of the Class E-1 Notes Pool A 7,058,699.36 Pool B 1,588,215.25 ------------ ------------ 8,646,914.61 ============ - ----------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,340,000 Original Face $9,340,000 Balance Factor $ 6.583829 $ 16.960449 92.579386% - -----------------------------------------------------------------------------

DVI RECEIVABLES XIX L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 VII. CLASS E-2 NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E-2 Notes Pool A 1,533,639.07 Pool B 351,869.54 ------------- 1,885,508.61 Class E-2 Overdue Interest, if any 0.00 Class E-2 Monthly Interest - Pool A (Actual Number Days/360) 11,527.85 Class E-2 Monthly Interest - Pool B (Actual Number Days/360) 2,644.89 Class E-2 Overdue Principal, if any 0.00 Class E-2 Monthly Principal - Pool A 22,140.27 Class E-2 Monthly Principal - Pool B 11,780.63 ------------- 33,920.90 Ending Principal Balance of the Class E-2 Notes Pool A 1,511,498.80 Pool B 340,088.91 ------------- ------------- 1,851,587.71 ============= - -------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $2,000,000 Original Face $2,000,000 Balance Factor $ 7.086370 $ 16.960450 92.579386% - -------------------------------------------------------------------------------- IS ADCB > CLASS A + CLASS B + CLASS C + CLASS D + CLASS E BALANCES ? YES X NO --------- ------- VIII. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 10,838,290.33 Pool B 2,781,471.95 ------------- 13,619,762.28 Residual Interest - Pool A 302,610.05 Residual Interest - Pool B 75,439.18 Residual Principal - Pool A 0.00 Residual Principal - Pool B 0.00 ------------- Ending Residual Principal Balance 0.00 Pool A 10,838,290.33 Pool B 2,781,471.95 ------------- ------------- 13,619,762.28 ============= - -------------------------------------------------------------------------------- Interest Paid Per $1,000 Principal Paid Per $1,000 Ending Principal Original Face $9,340,000 Original Face $9,340,000 Balance Factor $ 8.077000 $ - 145.821866% - --------------------------------------------------------------------------------

DVI RECEIVABLES XIX L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 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 348,284,893.49 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 4,871,524.26 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, --------------- at the ending of the related Collection Period 343,413,369.23 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 4,827,936.61 - Principal portion of Prepayment Amounts 11,205.93 - 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 32,381.72 - 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 4,871,524.26 ============= POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 80,203,327.44 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 2,592,091.16 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the --------------- ending of the related Collection Period 77,611,236.28 =============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 2,589,887.33 - Principal portion of Prepayment Amounts 0.00 - 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 2,203.83 - 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 2,592,091.16 ============== --------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 421,024,605.51 ===============

DVI RECEIVABLES XIX, L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS*
POOL A Discounted Discounted Lease # Present Value Lease # Present Value ----------------------------------------------- --------------------- ------------------------ #* 7006253-001 (09/03) 32,381.72 --------------------- Totals: $32,381.72

POOL B Discounted Discounted Lease # Present Value Lease # Present Value ----------------------------------------------- --------------------- ------------------------ #* 7005508-001 (09/03) 2,203.83 --------------------- Totals: $2,203.83
a) DISCOUNTED CONTRACT BALANCES OF ALL DEFAULTED CONTRACTS $34,585.55 b) ADCB AT CLOSING DATE $453,679,762.28 c) (CANNOT EXCEED 6% OVER THE LIFE OF THE POOL) 0.01%

* ANY CONTRACT PAYMENT (OR PORTION THEREOF) DELINQUENT > 180 DAYS, **THE SERVICER HAS DECLINED TO ADVANCE ON THE GROUNDS THAT IT IS A NONRECOVERABLE ADVANCE # NONRECOVERABLE DVI RECEIVABLES XIX, L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XIII. CUMULATIVE DETAIL OF DELINQUENT CONTRACTS REPURCHASED* POOL A Repurchases $ - Substitutions $ - POOL B Repurchases $ - Substitutions $ - ---------------- TOTAL $0.00

a) DISCOUNTED CONTRACT BALANCES OF ALL DELINQUENT $0.00 CONTRACTS REPURCHASED b) ADCB AT CLOSING DATE $453,679,762.28 c) (CANNOT EXCEED 15% OVER THE LIFE OF THE POOL) 0.00% * ANY DELINQUENT CONTRACT THE SERVICER HAS REPURCHASED FROM THE POOL

DVI RECEIVABLES XIX, L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XIV. 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 $361,027,812.46 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 $92,651,949.82 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 XIX, L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XV. 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 ------------ ----------------- Totals: $0.00 $0.00 a) DISCOUNTED CONTRACT BALANCES OF ALL NON-PERFORMING CONTRACTS $0.00 b) ADCB OF POOL A AT CLOSING DATE $361,027,812.46 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 $92,651,949.82 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00% *ANY CONTRACT DELINQUENT > 60 DAYS OR HAS BEEN 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 XIX, L.L.C. 2003-1 SERVICER REPORT FOR THE PAYMENT DATE SEPTEMBER 12, 2003 XVI. POOL PERFORMANCE MEASUREMENTS
1. AGGREGATE DISCOUNTED CONTRACT BALANCE Contracts Delinquent > 90 days Total Outstanding Contracts This Month 5,846,251.12 This Month 421,024,605.51 1 Month Prior 4,847,863.07 1 Month Prior 428,488,220.93 2 Months Prior 2,091,458.22 2 Months Prior 436,091,841.65 Total 12,785,572.41 Total 1,285,604,668.09 a) 3 Month Average 4,261,857.47 b) 3 Month Average 428,534,889.36 c) a/b 0.99% 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 _______________ 4. Has a Servicer Event of Default occurred? Yes____________________No _______________ 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 _______________ 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 $ 453,679,762.28 __________________________ Aggregate Discounted Contract Balance (A.D.C.B.) of contracts listed as more than: TOTAL % of Total A.D.C.B A.D.C.B. A.D.C.B. ------- -------- -------- 30 Days Overdue 45,659,072.83 421,024,605.51 10.845% 60 Days Overdue 24,875,212.66 421,024,605.51 5.908% 90 Days Overdue 1,123,928.65 421,024,605.51 0.267% 120 Days Overdue 2,793,830.13 421,024,605.51 0.664% 150 Days Overdue 1,928,492.34 421,024,605.51 0.458% 180 Days Overdue 0.00 421,024,605.51 0.000%
DVI RECEIVABLES XIX L.L.C. 2003-1 FUNDS TRANSFER FOR THE PAYMENT DATE SEPTEMBER 12, 2003 Please transfer the following funds from DVI Collection A # 33-51890-1 To the Distribution Account 5,355,078.84 -------------- Please transfer the following funds from DVI Collection B # 33-51890-3 2,448,435.90 To the Distribution Account -------------- Please transfer the following funds from SPG Collection A # 33-51890-0 1,067,616.83 To the Distribution Account -------------- Please transfer the following funds from SPG Collection B # 33-51890-2 603,621.57 To the Distribution Account --------------

EX-99.11 13 y90580exv99w11.txt U.S. BANK CORPORATE TRUST SERVICES NOTICE Exhibit 99.11 [US Bank Logo] Corporate Trust Services 60 Livingston Avenue St. Paul, MN 55107-2292 NOTICE TO HOLDERS OF NOTES ISSUED BY: DVI RECEIVABLES VIII L.L.C. DVI RECEIVABLES X L.L.C. DVI RECEIVABLES XI L.L.C. DVI RECEIVABLES XII L.L.C. DVI RECEIVABLES XIV L.L.C. DVI RECEIVABLES XVII L.L.C. DVI RECEIVABLES XVIII L.L.C. DVI RECEIVABLES XIX L.L.C. *CUSIPs: see attached Schedule A U.S. Bank National Association serves as Trustee (the "Trustee") for Notes issued by the above referenced entities in connection with securitization transactions, pursuant to the terms of certain Indentures by and between the applicable special purpose vehicle set forth above and the Trustee. Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to such term in the relevant Indenture or the Appendix associated therewith. As reported earlier, on August 25, 2003, DVI, Inc. ("DVI"), DVI Financial Services, Inc. ("DVIFS") and DVI Business Credit Corporation filed voluntary petitions seeking protection under Chapter 11 of the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The cases were assigned to the Honorable Judge Mary F. Walrath and were assigned case numbers 03-12656, 03-12657 and 03-12658 respectively. DVIFS acts as Servicer for each of the securitization transactions under the terms of certain Contribution and Servicing Agreements (the "Servicing Agreements"). As reported earlier, the Trustee interprets the Indentures to provide that the filing of a bankruptcy petition by DVI constitutes an Amortization Event under the terms of the respective Indentures. If this interpretation is correct, the payment waterfall in section 3.04(b) of the Indentures changes from the payment waterfall that has been employed in the past. The Debtors dispute this interpretation and assert that such a provision constitutes an ipso facto clause unenforceable in a bankruptcy proceeding, notwithstanding the fact that the Debtors are not a party to the Indenture. Further, the Debtors advise that they will not make any Servicer Advances until the issue with respect to the Amortization Event is resolved. The Trustee may consult with holders of Notes with Voting Rights to determine the position of such holders with respect to the Amortization Event, and whether such holders are willing to waive any applicable Amortization Event. _____________________ * U.S. Bank is not responsible for selection or use of CUSIP. It is included solely for holder convenience. The Trustee received from DVIFS Monthly Servicing Reports for the September Payment Dates. These reports were prepared by DVIFS as if no Amortization Event has occurred and, therefore, the payments reflected therein are not consistent with the Trustee's current interpretation of the Indenture. The Trustee has not yet received the Monthly Servicing Reports for the October Payment Dates. NOTWITHSTANDING THE ISSUES THAT HAVE ARISEN WITH RESPECT TO THE MONTHLY SERVICING REPORTS, THE TRUSTEE WILL MAKE PAYMENTS ON OCTOBER 14, 2003 OF INTEREST DUE ON THE NOTES AND WITH RESPECT TO ANY SWAP ARRANGEMENTS, IN ALL CASES, BASED UPON THE PRINCIPAL AMOUNT OF SUCH NOTES AS SET FORTH IN THE AUGUST 2003 MONTHLY SERVICING REPORT. THE TRUSTEE ANTICIPATES THAT THE SEPTEMBER AND OCTOBER DISTRIBUTIONS WILL BE SUPPLEMENTED ONCE THE ISSUES SURROUNDING THE MONTHLY SERVICING REPORTS ARE RESOLVED. The Trustee is looking into issues with respect to the quality of servicing that is being provided by DVIFS. Specifically, the Trustee is looking into delinquency rates that are currently being experienced in the portfolios, the resources DVIFS has available for servicing, the collection practices that DVIFS is currently employing and certain collection practices employed with respect to "small ticket" equipment by one of DVIFS' divisions. The Trustee also reports that the Debtors filed a Notice with the Bankruptcy Court advising that the Debtors did not accept a winning bid at the October 8, 2003 auction for any of the assets offered for sale. As a result, the hearing set for October 15, 2003 to approve a sale has been cancelled. A copy of this Notice is attached hereto. The Trustee may conclude that a specific response to particular inquiries from individual holders is not consistent with equal and full dissemination of information to all holders. Holders should not rely on the Trustee as their sole source of information. The Trustee makes no recommendations and gives no investment advice. Please direct any questions regarding this notice to Timothy Pillar by phone at (651) 495-3958, or by U.S. mail at the above address. Holders with other questions may contact U.S. Bank either at (800) 934-6802, option #5; or, at www.usbank.com/corp_trust/bondholder_contact.html. U.S. BANK NATIONAL ASSOCIATION, OCTOBER 9, 2003 AS TRUSTEE 2 SCHEDULE A 23334PAE3 23335GAC6 23334PAF0 23335GAD4 23334PAG8 23335GAE2 23334PAH6 23335GAF9 23334PAJ2 23335GAG7 23334NAD0 23335GAH5 23334NAE8 23335HAC4 23334NAF5 23335HAD2 23334NAG3 23335HAE0 23334NAH1 23335HAF7 23335AAD7 23335HAG5 23335AAE5 23335HAH3 23335AAF2 23335LAB7 23335AAG0 23335LAC5 23335AAH8 23335LAD3 23334YAD6 23335LAE1 23334YAE4 23335LAF8 23334YAF1 23335LAH4 23334YAG9 23335LAK7 23334YAH7 23335LAM3 23334XAC0 23334XAD8 23334XAE6 23334XAF3 23334XAG1 23334XAH9 23335NAA5 23335NAB3 23335NAC1 23335NAD9 23335NAE7 23335NAF4 23335NAH0 23335NAJ6 23335NAK3 23335NAL1 23335NAM9 23335NAN7 3 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~