Common use of Funding Dates Clause in Contracts

Funding Dates. The absolute assignment and purchase of the Subsequent Receivables on each Funding Date shall take place at the offices of the Indenture Trustee or such other location as the Purchaser and the Transferor may reasonably agree. The assignment and purchase of the Subsequent Receivables shall be made in accordance with Section 2.16 of the Indenture pursuant to which (a) the Transferor will transfer and assign all of its right, title and interest in and to the Subsequent Receivables and other Trust Property to the Purchaser, (b) the Purchaser will contribute and assign all of its right, title and interest in and to the Subsequent Receivables and other Trust Property to the Owner Trustee, and (c) the Owner Trustee will grant all of its right, title and interest in and to the Subsequent Receivables and other Trust Property to the Indenture Trustee for the benefit of the Noteholders, the Swap Counterparty (unless the Interest Rate Swap Agreement has been terminated and all amounts owed to the Swap Counterparty have been paid in full) and the Note Insurer.

Appears in 2 contracts

Samples: Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-C), Transfer and Assignment Agreement (Capital One Auto Receivables LLC)

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Funding Dates. The absolute assignment and purchase transfer of the Subsequent Receivables on each a Funding Date shall take place at the offices of the Indenture Trustee or such other location as the Purchaser Seller and the Transferor Owner Trustee may reasonably agree. The assignment and purchase transfer of the Subsequent Receivables shall be made in accordance with Section 2.16 of the Indenture pursuant to which (a) the Transferor will transfer and absolutely assign all of its right, title and interest in and to the Subsequent Receivables and other Trust Property to the PurchaserSeller, (b) the Purchaser Seller will contribute and assign transfer all of its right, title and interest in and to the Subsequent Receivables and other Trust Property to the Owner Trustee, and (c) the Owner Trustee will grant Grant all of its right, title and interest in and to the Subsequent Receivables and other Trust Property to the Indenture Trustee for the benefit of the Noteholders, the Swap Counterparty (unless the Interest Rate Swap Agreement has been terminated and all amounts owed to the Swap Counterparty have been paid in full) and the Note Insurer.

Appears in 2 contracts

Samples: Contribution Agreement (Capital One Auto Finance Trust 2002-C), Contribution Agreement (Capital One Auto Receivables LLC)

Funding Dates. The absolute assignment and purchase transfer of the Subsequent Receivables on each a Funding Date shall take place at the offices of the Indenture Trustee or such other location as the Purchaser Seller and the Transferor Trust may reasonably agree. The assignment and purchase transfer of the Subsequent Receivables shall be made in accordance with Section 2.16 of the Indenture pursuant to which (a) the Transferor will transfer and absolutely assign all of its right, title and interest in and to the Subsequent Receivables and other Trust Contributed Property to the PurchaserSeller, (b) the Purchaser Seller will contribute and assign transfer all of its right, title and interest in and to the Subsequent Receivables and other Trust Contributed Property to the Owner TrusteeTrust, and (c) the Owner Trustee Trust will grant Grant all of its right, title and interest in and to the Subsequent Receivables and other Trust Contributed Property to the Indenture Trustee for the benefit of the Noteholders, the Swap Counterparty (unless the Interest Rate Swap Agreement has been terminated and all amounts owed to the Swap Counterparty have been paid in full) and the Note Insurer.

Appears in 1 contract

Samples: Contribution Agreement (Capital One Auto Receivables LLC)

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Funding Dates. The absolute assignment and purchase of the Subsequent Receivables on each Funding Date shall take place at the offices of the Indenture Trustee or such other location as the Purchaser and the Transferor may reasonably agree. The assignment and purchase of the Subsequent Receivables shall be made in accordance with Section 2.16 of the Indenture pursuant to which (a) the Transferor will transfer and assign all of its right, title and interest in and to the Subsequent Receivables and other Trust Transferred Property to the Purchaser, (b) the Purchaser will contribute and assign all of its right, title and interest in and to the Subsequent Receivables and other Trust Transferred Property to the Owner TrusteeIssuer, and (c) the Owner Trustee Issuer will grant all of its right, title and interest in and to the Subsequent Receivables and other Trust Transferred Property to the Indenture Trustee for the benefit of the Noteholders, the Swap Counterparty (unless the Interest Rate Swap Agreement has been terminated and all amounts owed to the Swap Counterparty have been paid in full) and the Note Insurer.

Appears in 1 contract

Samples: Transfer and Assignment Agreement (Capital One Auto Receivables LLC)

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