EX-99.7 9 y91132exv99w7.txt SERVICER REPORT Exhibit 99.7 DVI RECEIVABLES XVI 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 I. RECONCILIATION OF COLLECTION ACCOUNT: End of Period Collection Account Balance as of Prior Payment Date: 391,101.25 Available Funds: Contract Payments due and received in this period 4,378,059.35 Contract Payments due in prior period(s) and received in this period 674,801.31 Contract Payments received in this period for next period 148,335.48 Sales, Use and Property Tax payments received 148,583.54 Prepayment Amounts related to early termination in this period 1,652,343.74 Servicer Advance 1,744,566.27 Proceeds received from recoveries on previously Defaulted Contracts 0.00 Transfer from Reserve Account 4,274,156.85 Interest earned on Collection Account 4,159.30 Interest earned on SPG Account 296.18 Proceeds from repurchase of Contracts per Contribution and Servicing Agreement Section 5.03 0.00 Amounts paid per Contribution and Servicing Agreement Section 7.01 (Substituted contract < Predecessor contract) 0.00 Amounts paid under insurance policies 0.00 Maintenance, Late Charges and any other amounts 0.00 ---------------- Total Available Funds 13,416,403.27 Less: Amounts to be Retained in Collection Account 444,946.52 ---------------- AMOUNT TO BE DISTRIBUTED 12,971,456.75 ================ DISTRIBUTION OF FUNDS: 1. To Trustee - Fees (paid from Servicers Fees, see section X.) 0.00 2. To Servicer, any unreimbursed Nonrecoverable Advances or Servicer Advances 1,521,213.03 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 10,561,376.19 a) Class A4 Principal (distributed after A3 Note matures) and Interest 517,178.81 a) Class A5 Principal (distributed after A4 Note matures) and Interest 0.00 b) Class B Principal and Interest 11,083.07 c) Class C Principal and Interest 23,495.48 d) Class D Principal and Interest 16,876.77 e) Class E Principal and Interest 34,095.60 4. To Reserve Account for Requirement per Indenture Agreement Section 3.08 0.00 5. To Issuer - Residual Principal and Interest and Reserve Account Distribution a) Residual Interest (Provided no Restricting or Amortization Event in effect) 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 153,039.02 7. To Servicer, Servicing Fee and other Servicing Compensations 133,098.79 ---------------- TOTAL FUNDS DISTRIBUTED 12,971,456.75 ================ ---------------- End of Period Collection Account Balance {Includes Payments in Advance & Restricting Event Funds (if any)} 444,946.52 ================

II. RESERVE ACCOUNTS Beginning Balance 200,000.00 4,269,576.46 - Add Investment Earnings 137.97 4,442.42 - Add Transfer from Certificate Account (To Satisfy Reserve Account Requirement) 0.00 - Less Distribution to Certificate Account 137.97 4,274,018.88 ----------- ---------------- End of period balance $200,000.00 $ 0.00 =========== ================ 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. $200,000.00 $ 6,443,748.69 =========== ================ 0.00

DVI RECEIVABLES XVI 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 III. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Pool A 150,290,033.82 Pool B 37,425,339.17 -------------- 187,715,372.99 Class A Overdue Interest, if any 0.00 Class A Monthly Interest - Pool A 533,187.52 Class A Monthly Interest - Pool B 139,939.79 Class A Overdue Principal, if any 0.00 Class A Monthly Principal - Pool A 8,372,411.10 Class A Monthly Principal - Pool B 2,033,016.58 -------------- 10,405,427.67 Ending Principal Balance of the Class A Notes Pool A 141,917,622.72 Pool B 35,392,322.59 -------------- -------------- 177,309,945.32 ==============

IV. CLASS A NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 53,179,372.99 Class A4 134,536,000.00 Class A5 0.00 -------------- 187,715,372.99 Class A Monthly Interest Class A1 (Actual Number Days/360) 0.00 Class A2 0.00 Class A3 155,948.51 Class A4 517,178.81 Class A5 0.00 -------------- Class A Monthly Principal Class A1 0.00 Class A2 0.00 Class A3 10,405,427.67 Class A4 0.00 Class A5 0.00 -------------- 10,405,427.67 Ending Principal Balance of the Class A Notes Class A1 0.00 Class A2 0.00 Class A3 42,773,945.31 Class A4 134,536,000.00 Class A5 0.00 -------------- -------------- 177,309,945.32 ============== Class A5

DVI RECEIVABLES XVI 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 V. CLASS B NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class B Notes Pool A 2,560,253.03 Pool B 637,556.16 ------------ 3,197,809.19 Class B Overdue Interest, if any 0.00 Class B Monthly Interest - Pool A 8,873.41 Class B Monthly Interest - Pool B 2,209.66 Class B Overdue Principal, if any 0.00 Class B Monthly Principal - Pool A 0.00 Class B Monthly Principal - Pool B 0.00 ------------ 0.00 Ending Principal Balance of the Class B Notes Pool A 2,560,253.03 Pool B 637,556.16 ------------ ------------ 3,197,809.19 ============

VI. CLASS C NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class C Notes Pool A 5,124,481.62 Pool B 1,276,102.36 ------------ 6,400,583.98 Class C Overdue Interest, if any 0.00 Class C Monthly Interest - Pool A 18,811.12 Class C Monthly Interest - Pool B 4,684.36 Class C Overdue Principal, if any 0.00 Class C Monthly Principal - Pool A 0.00 Class C Monthly Principal - Pool B 0.00 ------------ 0.00 Ending Principal Balance of the Class C Notes Pool A 5,124,481.62 Pool B 1,276,102.36 ------------ ------------ 6,400,583.98 ============

DVI RECEIVABLES XVI 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 VII. CLASS D NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class D Notes Pool A 3,414,995.93 Pool B 850,404.90 ------------ 4,265,400.83 Class D Overdue Interest, if any 0.00 Class D Monthly Interest - Pool A 13,512.00 Class D Monthly Interest - Pool B 3,364.77 Class D Overdue Principal, if any 0.00 Class D Monthly Principal - Pool A 0.00 Class D Monthly Principal - Pool B 0.00 ------------ 0.00 Ending Principal Balance of the Class D Notes Pool A 3,414,995.93 Pool B 850,404.90 ------------ ------------ 4,265,400.83 ============

VIII. CLASS E NOTE PRINCIPAL BALANCE Beginning Principal Balance of the Class E Notes Pool A 4,269,738.77 Pool B 1,063,253.62 ------------ 5,332,992.39 Class E Overdue Interest, if any 0.00 Class E Monthly Interest - Pool A 27,297.86 Class E Monthly Interest - Pool B 6,797.73 Class E Overdue Principal, if any 0.00 Class E Monthly Principal - Pool A 0.00 Class E Monthly Principal - Pool B 0.00 ------------ 0.00 Ending Principal Balance of the Class E Notes Pool A 4,269,738.77 Pool B 1,063,253.62 ------------ ------------ 5,332,992.39 ============

DVI RECEIVABLES XVI 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 IX. ISSUERS RESIDUAL PRINCIPAL BALANCE Beginning Residual Principal Balance Pool A 5,123,386.84 Pool B 1,275,829.73 ------------ 6,399,216.57 Residual Interest - Pool A 0.00 Residual Interest - Pool B 0.00 Residual Principal - Pool A 0.00 Residual Principal - Pool B 0.00 0.00 Ending Residual Principal Balance Pool A 5,123,386.84 ------------- Pool B 1,275,829.73 6,399,216.57 ------------ =============

X. PAYMENT TO SERVICER - Collection period Servicer Fee 133,098.79 - Collection period Trustee Fee $ (5,127.45) - Servicer Advances reimbursement 1,521,213.03 - Tax, Maintenance, Late Charges, Bank Interest and other amounts 153,039.02 ------------- Total amounts due to Servicer 1,802,223.39 =============

DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 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 170,429,587.27 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 10,541,418.11 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 159,888,169.16 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 3,863,990.68 - Principal portion of Prepayment Amounts 481,902.90 - 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 6,195,524.53 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------- Total Decline in Aggregate Discounted Contract Balance 10,541,418.11 ============= POOL B Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the beginning of the related Collection Period 42,528,485.88 Aggregate Discounted Contract Balance of Additional Contracts acquired during Collection Period 0.00 Decline in Aggregate Discounted Contract Balance 2,559,702.04 Aggregate Discounted Contract Balance, as defined in Indenture Agreement, at the -------------- ending of the related Collection Period 39,968,783.84 ============== Components of Decline in Aggregate Discounted Contract Balance: - Principal portion of Contract Payments and Servicer Advances 1,389,261.20 - Principal portion of Prepayment Amounts 1,170,440.84 - Principal portion of Contracts repurchased under Indenture Agreement Section 4.02 0.00 - Aggregate Discounted Contract Balance of Contracts that have become Defaulted Contracts during the Collection Period 0.00 - Aggregate Discounted Contract Balance of Substitute Contracts added during Collection Period 0.00 - Aggregate Discounted Contract Balance of Predecessor Contracts withdrawn during Collection Period 0.00 ------------- Total Decline in Aggregate Discounted Contract Balance 2,559,702.04 ============= -------------- AGGREGATE DISCOUNTED CONTRACT BALANCE AT THE END OF THE RELATED COLLECTION PERIOD 199,856,953.00 ==============

DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 XII. CUMULATIVE DETAIL OF DEFAULTED CONTRACTS* POOL A

POOL B

* 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 OCTOBER 13, 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 OCTOBER 13, 2003 XIV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - PREPAYMENTS

a) DISCOUNTED CONTRACT BALANCES OF ALL PREPAID CONTRACTS $ 8,264,881.22 b) ADCB OF POOL A AT CLOSING DATE $323,844,130.83 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 2.55%

DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00

~~CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X~~

* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (>180 DAYS), THE SERVICER HAS FAILED TO ADVANCE, OR A BANKRUPTCY PETITION HAS BEEN FILED DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a)>(b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00

~~CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X~~

DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 XV. CUMULATIVE DETAIL OF SUBSTITUTED CONTRACTS - NON-PERFORMING (POOL A) & GENERAL RIGHTS (POOL B)

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%

~~CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --- ----~~

a) DISCOUNTED CONTRACT BALANCES OF ALL CONTRACTS SUBSTITUTED $ 0.00 b) ADCB OF POOL B AT CLOSING DATE $105,739,115.35 c) (CANNOT EXCEED 10% OVER THE LIFE OF THE POOL) 0.00%

* ANY CONTRACT DELINQUENT > 60 DAYS OR HAS DEFAULTED (> 180 DAYS), THE SERVICER HAS DECLINED TO ADVANCE OR A BANKRUPTCY PETITION HAS BEEN FILED. DATA FOR CURRENT REPORTING PERIOD SUBSTITUTIONS a) Total discounted Contract Balance of Predecessor Receivables $0.00 b) Total discounted Contract Balance of Substitute Receivables $0.00 c) If (a) > (b), amount to be deposited in Collection Account per Contribution & Servicing Agreement Section 7.02 $0.00

~~CHANGE IN ANY OF THE ABOVE DETAIL DURING THE RELATED COLLECTION PERIOD YES NO X --- ----~~

DVI RECEIVABLES XVI, L.L.C. 2001-2 SERVICER REPORT FOR THE PAYMENT DATE OCTOBER 13, 2003 XVI. POOL PERFORMANCE MEASUREMENTS

Aggregate Discounted Contract Balances (A.D.C.B.) of contracts listed as more than:

DVI RECEIVABLES CORP VIII 8-K