Subsequent Pledge. The Seller acknowledges that (i) the Owner Trustee will Grant the Receivables and the other Trust Property along with the Owner Trustee's rights and benefits under this Contribution Agreement and under the Transfer and Assignment Agreement to the Indenture Trustee pursuant to the terms of the Indenture and (ii) the terms and provisions hereof are intended to benefit the Noteholders and the Note Insurer. The Seller hereby consents to such Grant.
Appears in 3 contracts
Sources: Contribution Agreement (Capital One Auto Receivables LLC), Contribution Agreement (Capital One Auto Receivables Trust 2001-B), Contribution Agreement (Capital One Auto Finance Trust 2002-A)