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Securities Purchase Agreement
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Title:
Securities Purchase Agreement
Entities:
DVI, Inc.; Fleet National Bank; U.S. Bank, NA
Date:
2001
Size:
Preview shows 8KB of 77KB total
Price:
$51
ID:
#346886
► Purchase & Sale ► Purchase ► Stock ► Securities Purchase Agreements
► Financial
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                         SECURITIES PURCHASE AGREEMENT





                           Dated as of June 29, 2001





                                 By and Between





                          DEEPHAVEN/JE MATTHEW I, LLC





                                      and





                                   DVI, INC.



================================================================================

{PAGE}



                               TABLE OF CONTENTS

                               -----------------



{TABLE}

{S}                                                                              {C}

ARTICLE I PURCHASE AND SALE OF NOTE............................................   2



 Section 1.1  Purchase of Note.................................................   2

 Section 1.2  Closing Date.....................................................   3

 Section 1.3  Form of Payment..................................................   3



ARTICLE II BUYER'S REPRESENTATIONS AND WARRANTIES..............................   3



 Section 2.1  Investment Purpose...............................................   3

 Section 2.2  Accredited Investor Status.......................................   3

 Section 2.3  Reliance on Exemptions...........................................   3

 Section 2.4  Information......................................................   4

 Section 2.5  No Governmental Review...........................................   4

 Section 2.6  Transfer or Resale...............................................   4

 Section 2.7  Legends..........................................................   4

 Section 2.8  Validity; Enforcement............................................   5

 Section 2.9  Organization and Qualification...................................   5

 Section 2.10 Authorization; Enforcement; Validity.............................   5

 Section 2.11 Residency........................................................   6

 Section 2.12 Trading Restrictions.............................................   6

 Section 2.13 Registration of Issuance of the Shares...........................   6

 Section 2.14 Buyer's Knowledge................................................   6



ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY......................   6



 Section 3.1  Organization and Qualification...................................   6

 Section 3.2  Authorization; Enforcement; Validity.............................   6

 Section 3.3  Issuance of Securities...........................................   7

 Section 3.4  No Conflicts.....................................................   7

 Section 3.5  Acknowledgment Regarding Buyer's Purchase of Securities..........   7

 Section 3.6  Dilutive Effect..................................................   8

 Section 3.7  Eligibility To Register on Form S-3..............................   8

 Section 3.8  Accuracy of Statements...........................................   8

 Section 3.9  Fleet Loan Documents.............................................   8

 Section 3.10 Director and Officer Liability Insurance.........................   8

 Section 3.11 Capitalization...................................................   9



ARTICLE IV COVENANTS...........................................................   9



 Section 4.1  Commercially Reasonable Efforts..................................   9

 Section 4.2  Registration Statement...........................................   9

 Section 4.3  Reporting Status.................................................  10

 Section 4.4  Use of Proceeds..................................................  10

 Section 4.5  SEC Filings......................................................  10

 Section 4.6  Reservation of Shares............................................  10

 Section 4.7  Listing..........................................................  10

 Section 4.8  Expenses.........................................................  11

 Section 4.9  Limitation on Number of Exchange Shares and the Warrant Shares...  11

 Section 4.10 Other Financing..................................................  11



ARTICLE V TRANSFER AGENT INSTRUCTIONS..........................................  11



ARTICLE VI CONDITIONS TO THE COMPANY'S OBLIGATION TO SELL......................  12



 Section 6.1  Delivery of Documents............................................  12

{/TABLE}

{PAGE}



{TABLE}

{S}                                                                            {C}

 Section 6.2  Purchase Price.................................................  12

 Section 6.3  Representations and Warranties.................................  12



ARTICLE VII CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE.....................  13



 Section 7.1  Delivery of Documents..........................................  13

 Section 7.2  Securities Laws................................................  13

 Section 7.3  Financial's Acknowledgments....................................  13

 Section 7.4  Representations and Warranties.................................  13

 Section 7.5  Opinion........................................................  13

 Section 7.6  Note...........................................................  13

 Section 7.7  Board Approval.................................................  13

 Section 7.8  Reservation of Shares..........................................  14

 Section 7.9  Transfer Agent.................................................  14

 Section 7.10 Good Standing..................................................  14

 Section 7.11 Secretary's Certificate........................................  14

 Section 7.12 Fleet..........................................................  14

 Section 7.13 Other..........................................................  14



ARTICLE VIII INDEMNIFICATION.................................................  14



ARTICLE IX GOVERNING LAW; MISCELLANEOUS......................................  16



 Section 9.1  Governing Law; Jurisdiction; Jury Trial........................  16

 Section 9.2  Counterparts...................................................  17

 Section 9.3  Headings.......................................................  17

 Section 9.4  Severability...................................................  17

 Section 9.5  Entire Agreement; Amendments...................................  17

 Section 9.6  Notices........................................................  17

 Section 9.7  Successors and Assigns.........................................  18

 Section 9.8  No Third Party Beneficiaries...................................  19

 Section 9.9  Survival.......................................................  19

 Section 9.10 Publicity......................................................  19

 Section 9.11 Further Assurances.............................................  19

 Section 9.12 Termination....................................................  19

 Section 9.13 No Strict Construction.........................................  19

 Section 9.14 Remedies.......................................................  20
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