Common use of Consideration for Subsequent Receivables Clause in Contracts

Consideration for Subsequent Receivables. In consideration of the absolute assignment by the Transferor to the Purchaser of the Subsequent Receivables and other Trust Property relating thereto described in Section 2.01(c), the Purchaser shall, on the applicable Funding Date, pay or cause to be paid to the Transferor an amount equal to the Receivables Purchase Price with respect to the Subsequent Receivables acquired from the Transferor on such date in the form of cash by federal wire transfer (same day) funds and the Transferor shall make a capital contribution to the Purchaser on the Closing Date of Initial Receivables in an amount equal to 3.90% of the Aggregate Receivables Balance of such Subsequent Receivables as of the applicable Cutoff Date.

Appears in 1 contract

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

Consideration for Subsequent Receivables. In consideration of the absolute assignment by the Transferor to the Purchaser of the Subsequent Receivables and other Trust Property relating thereto described in Section 2.01(c), ) the Purchaser shall, on the applicable Funding Date, pay or cause to be paid to the Transferor an amount equal to 98% of the Receivables Purchase Price with respect to the Subsequent Receivables acquired from the Transferor on such date in the form of cash by federal wire transfer (same day) funds and the Transferor shall make a capital contribution to the Purchaser on the Closing Date of Initial Receivables in an amount equal to 3.902% of the Aggregate Receivables Balance of such Subsequent Receivables as of the applicable Cutoff DatePurchase Price.

Appears in 1 contract

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

Consideration for Subsequent Receivables. In consideration of the absolute assignment by the Transferor to the Purchaser of the Subsequent Receivables and other Trust Property relating thereto described in Section 2.01(c), the Purchaser shall, on the applicable Funding Date, pay or cause to be paid to the Transferor an amount equal to the Receivables Purchase Price with respect to the Subsequent Receivables acquired from the Transferor on such date in the form of cash by federal wire transfer (same day) funds and the Transferor shall make a capital contribution to the Purchaser on the Closing Date of Initial Receivables in an amount equal to 3.901.00% of the Aggregate Receivables Balance of such Subsequent Receivables as of the applicable Cutoff Date.

Appears in 1 contract

Sources: Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-C)

Consideration for Subsequent Receivables. In consideration of the absolute assignment by the Transferor to the Purchaser of the Subsequent Receivables and other Trust Property relating thereto described in Section 2.01(c), the Purchaser shall, on the applicable Funding Date, pay or cause to be paid to the Transferor an amount equal to the Receivables Purchase Price with respect to the Subsequent Receivables acquired from the Transferor on such date in the form of cash by federal wire transfer (same day) funds and the Transferor shall make a capital contribution to the Purchaser on the Closing Date of Initial Receivables in an amount equal to 3.902.75% of the Aggregate Receivables Balance of such Subsequent Receivables as of the applicable Cutoff Date.

Appears in 1 contract

Sources: Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-A)

Consideration for Subsequent Receivables. In consideration of the absolute assignment by the Transferor to the Purchaser of the Subsequent Receivables and other Trust Property relating thereto described in Section 2.01(c), the Purchaser shall, on the applicable Funding Date, pay or cause to be paid to the Transferor an amount equal to 98.5% of the Receivables Purchase Price with respect to the Subsequent Receivables acquired from the Transferor on such date in the form of cash by federal wire transfer (same day) funds and the Transferor shall make a capital contribution to the Purchaser on the Closing Date of Initial Receivables in an amount equal to 3.901.5% of the Aggregate Receivables Balance of such Subsequent Receivables as of the applicable Cutoff DatePurchase Price.

Appears in 1 contract

Sources: Transfer and Assignment Agreement (Capital One Auto Receivables Trust 2001-B)