Evidence of UCC Filings. On or prior to the Closing Date or Funding Date, as the case may be, the Transferor shall provide the Purchaser evidence that the Transferor has recorded and filed, at its own expense, (A) Termination Statements in each jurisdiction in which required by applicable law, to release any prior security interests in the Receivables granted by the Transferor and (B) UCC financing statements in each jurisdiction in which required by applicable law, authorized by the Transferor, as transferor or debtor, and naming the Purchaser, as purchaser or secured party, identifying the Receivables and the other Trust Property as collateral, meeting the requirements of the laws of each such jurisdiction and in such manner as is necessary to perfect the contribution, transfer, assignment and conveyance of such Receivables to the Purchaser. The Transferor shall deliver the Perfection UCC's, or other evidence satisfactory to the Purchaser of such filing, to the Indenture Trustee within thirty (30) days following the Closing Date or Funding Date, as the case may be, or promptly following such later date as such file-stamped copies or other evidence is received by or on behalf of the Purchaser.
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Samples: Transfer and Assignment Agreement (Capital One Auto Receivables Trust 2001-B), Transfer and Assignment Agreement (Capital One Auto Receivables LLC), Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-C)
Evidence of UCC Filings. On or prior to the Closing Date or Funding Date, as the case may be, the Transferor shall provide the Purchaser and the Note Insurer evidence that the Transferor has recorded and filed, at its own expense, (A) Termination Statements in each jurisdiction in which required by applicable law, to release any prior security interests in the Receivables granted by the Transferor and (B) UCC financing statements in each jurisdiction in which required by applicable law, authorized by the Transferor, as transferor or debtor, and naming the Purchaser, as purchaser or secured party, identifying the Receivables and the other Trust Transferred Property as collateral, meeting the requirements of the laws of each such jurisdiction and in such manner as is necessary to perfect the contribution, transfer, assignment and conveyance of such Receivables to the Purchaser. The Transferor shall deliver the Perfection UCC's, or other evidence satisfactory to the Purchaser and the Note Issuer of such filing, to the Indenture Trustee within thirty (30) days following the Closing Date or Funding Date, as the case may be, or promptly following such later date as such file-stamped copies or other evidence is received by or on behalf of the Purchaser.
Appears in 1 contract
Samples: Transfer and Assignment Agreement (Capital One Auto Receivables LLC)
Evidence of UCC Filings. On or prior to the Closing Date or Funding Date, as the case may be, the Transferor shall provide the Purchaser evidence that the Transferor has recorded and filed, at its own expense, (A) Termination Statements in each jurisdiction in which required by applicable law, to release any prior security interests in the Receivables granted by the Transferor and (B) UCC financing statements in each jurisdiction in which required by applicable law, authorized executed by the Transferor, as transferor Transferor or debtor, and naming the Purchaser, as purchaser or secured party, identifying the Receivables and the other Trust Property as collateral, meeting the requirements of the laws of each such jurisdiction and in such manner as is necessary to perfect the contribution, transfer, assignment and conveyance of such Receivables to the Purchaser. The Transferor shall deliver the Perfection UCC's, or other evidence satisfactory to the Purchaser of such filing, to the Indenture Trustee within thirty (30) days following the Closing Date or Funding Date, as the case may be, or promptly following such later date as such file-stamped copies copies, or other evidence is received by or on behalf of the Purchaser.
Appears in 1 contract
Samples: Transfer and Assignment Agreement (Capital One Auto Receivables LLC)