Common use of Not Applicable to the Bank in Other Capacities Clause in Contracts

Not Applicable to the Bank in Other Capacities. (a) Nothing in this Agreement shall affect any obligation the Bank may have in any other capacity. (b) Any entity (i) into which the Administrator may be merged or converted or with which it may be consolidated, to which it may sell or transfer its business and assets as a whole or substantially as a whole or any entity resulting from any merger, sale, transfer, conversion or consolidation to which the Administrator shall be a party, or any entity succeeding to the business of the Administrator or (ii) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is owned directly or indirectly by Capital One Financial Corporation and which executes an agreement of assumption to perform every obligation of the Administrator under this Agreement, shall be the successor to the Administrator under this Agreement, in each case, without the execution or filing of any paper of any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 18 contracts

Samples: Administration Agreement (Capital One Prime Auto Receivables Trust 2024-1), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2), Administration Agreement (Capital One Prime Auto Receivables Trust 2023-2)

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Not Applicable to the Bank in Other Capacities. (a) Nothing in this Agreement shall affect any obligation the Bank may have in any other capacity. (b) Any entity (i) into which the Administrator may be merged or converted or with which it may be consolidated, to which it may sell or transfer its business and assets as a whole or substantially as a whole or any entity resulting from any merger, merger sale, transfer, conversion or consolidation to which the Administrator shall be a party, or any entity succeeding to the business of the Administrator or (ii) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is owned directly or indirectly by Capital One Financial Corporation Fifth Third Bancorp and which executes an agreement of assumption to perform every obligation of the Administrator under this Agreement, shall be the successor to the Administrator under this Agreement, in each case, without the execution or filing of any paper of any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 13 contracts

Samples: Administration Agreement (Fifth Third Auto Trust 2023-1), Administration Agreement (Fifth Third Auto Trust 2023-1), Administration Agreement (Fifth Third Holdings Funding, LLC)

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Not Applicable to the Bank in Other Capacities. (a) Nothing in this Agreement shall affect any obligation the Bank may have in any other capacity. (b) Any entity (i) into which the Administrator may be merged or converted or with which it may be consolidated, to which it may sell or transfer its business and assets as a whole or substantially as a whole or any entity resulting from any merger, sale, transfer, conversion or consolidation to which the Administrator shall be a party, or any entity succeeding to the business of the Administrator or (ii) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is owned directly or indirectly by Capital One Financial Corporation Huntington Bancshares Incorporated and which executes an agreement of assumption to perform every obligation of the Administrator under this Agreement, shall be the successor to the Administrator under this Agreement, in each case, without the execution or filing of any paper of any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.

Appears in 6 contracts

Samples: Administration Agreement (Huntington Auto Trust 2016-1), Administration Agreement (Huntington Auto Trust 2016-1), Administration Agreement (Huntington Funding, LLC)

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