Capital One Bank definition

Capital One Bank has the meaning set forth in the Background section of this Agreement.

Capital One Bank means Capital One Bank, a Virginia banking corporation, and its successors and permitted assigns.

Capital One Bank. (the "Seller" and the "Servicer"), has formed a master trust entitled the Capital One Master Trust (the "Trust"), which has issued and will continue to issue, from time to time, asset-backed securities (whether in certificated or uncertificated form, the "Certificates") in one or more series (each, a "Series"). Each Certificate evidences a fractional, undivided percentage interest or beneficial interest in the Trust. The property of the Trust includes receivables (the "Receivables") generated from time to time in a portfolio of consumer revolving credit card accounts and other consumer revolving accounts (the "Accounts"), collections thereon and certain related property which has been conveyed and which will continue to be conveyed to the Trust by the Seller. The Certificates to which this Agreement applies will be issued pursuant to the Pooling and Servicing Agreement, dated as of September 30, 1993, as amended and supplemented from time to time (the "Base Pooling and Servicing Agreement"), between Capital One Bank (as assignee and successor to Signet Bank/Virginia), as Seller and Servicer, and The Bank of New York, as trustee (the "Trustee"), as supplemented by the Series 199_-_ Supplement, expected to be dated as of _________ __, 199_, between Capital One Bank, as Seller and Servicer, and the Trustee (the "Series Supplement," and together with the Base Pooling and Servicing Agreement, the "Pooling and Servicing Agreement"). To the extent not defined herein, capitalized terms used herein shall have the meanings specified in the Pooling and Servicing Agreement. Pursuant to this Agreement, and subject to the terms hereof, the Seller agrees to cause the Trust to sell to ___________________ (the "Class A Underwriter") U.S. $____________ aggregate initial principal amount of Class A Floating Rate Asset Backed Certificates, Series 199_-_ (the "Class A Certificates"). Concurrently with the sale of the Class A Certificates, the Seller proposes to cause the following to occur: (a) The Trust will sell to ____________ (the "Class B Underwriter") U.S. $___________ aggregate initial principal amount of Class B Floating Rate Asset Backed Certificates, Series 199_-_ (the "Class B Certificates"), which will be sold pursuant to a separate underwriting agreement between the Seller and the Class B Underwriter (the "Class B Underwriting Agreement").

Examples of Capital One Bank in a sentence

• Capital One Bank (USA), National Association is, as of the date hereof, the Servicer under the Agreement.

• Capital One Bank is, as of the date hereof, the Servicer under the Agreement.

• Capital One Bank (USA), National Association, as sponsor, currently complies with the U.S. risk retention rules through retention by Capital One Funding of a “seller’s interest,” in the form of the Transferor Interest.

• Under the Amended and Restated Pooling and Servicing Agreement dated as of September 30, 1993, as amended and restated as of August 1, 2002 (as amended and supplemented, the “Agreement”), among the Bank, as Servicer, Capital One Funding, LLC, as Transferor, and The Bank of New York, as Trustee (the “Trustee”), Capital One Bank as Servicer is required to prepare certain information regarding distributions to Certificateholders.

• Under the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement") dated as of September 30, 1993, between Capital One Bank (formerly Signet Bank/Virginia), as Transferor and Servicer, and The Bank of New York, as Trustee, the Servicer is required each year to prepare certain information regarding distributions to Class A Certificateholders.

• Calculated as End of Month Transferor Interest (line 22) divided by the aggregate unpaid principal balance of the outstanding notes issued by COMET (including notes held for the life of such notes by Capital One Bank (USA), National Association or its wholly-owned affiliates).

• Capital One Bank (USA), National Association, as “originator” for the purposes of the EU risk retention rules, currently retains a material net economic interest that is not less than five percent of the nominal value of the securitized exposure, which interest is not subject to any credit risk mitigation, short position or other hedge, except to the extent permitted by the EU risk retention rules.

• Capital One Bank, Europe is Servicer under the Receivables Trust Deed and Servicing Agreement.

• Also, Capital One Bank and Capital One, F.S.B. have received an adjustment to the Sellers' Interest on the date hereof.

• A review of the activities and performance of the Servicer under the Services Agreement dated as of March 16, 2006, by and between Capital One Bank (USA), National Association and the Servicer (the “Agreement”) during the period that is the subject of the Report has been made under my supervision.