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We study analytic models of operators of class $C_{·0}$ with natural positivity assumptions. In particular, we prove that for an m-hypercontraction $T\in C_{·0}$ on a Hilbert space , there exist Hilbert spaces and ⁎ and a partially isometric multiplier θ ∈ ℳ (H²(),A²ₘ(⁎)) such that ${\cong }_{\theta }=A²ₘ\left(⁎\right)\ominus \theta H²\left(\right)$ and $T\cong P_{{}_{\theta }}{M}_z{|}_{{}_{\theta }}$, where A²ₘ(⁎) is the ⁎-valued weighted Bergman space and H²() is the -valued Hardy space over the unit disc . We then proceed to study analytic models for doubly commuting n-tuples of operators and investigate their applications...