Note Insurer's Rights Regarding Actions, Proceedings or Investigations. Following the occurrence and during a continuation of an Event of Default under the Indenture and until the Class A Notes have been paid in full, all amounts owed to the Note Insurer have been paid in full, the Insurance Agreement has terminated and the Note Guaranty Insurance Policy has been returned to the Note Insurer for cancellation, unless a Note Insurer Default has occurred and is continuing, the following provisions shall apply:
Appears in 4 contracts
Samples: Trust Agreement (Capital One Auto Receivables LLC), Trust Agreement (Capital One Auto Receivables LLC), Trust Agreement (Capital One Auto Finance Trust 2002-C)
Note Insurer's Rights Regarding Actions, Proceedings or Investigations. Following the occurrence and during a continuation of an Event of Default under the Indenture hereunder and until the Class A Notes have been paid in full, all amounts owed to the Note Insurer and reimbursement for all Swap Terminations Payments paid under the Swap Policy have been paid in full, the Insurance Agreement has terminated and the Note Guaranty Insurance Policy has Policies have been returned to the Note Insurer for cancellation, unless a Note Insurer Default has occurred and is continuing, the following provisions shall apply:
Appears in 3 contracts
Samples: Capital One Auto Finance Trust 2002-C, Capital One Auto Receivables LLC, Capital One Auto Receivables LLC
Note Insurer's Rights Regarding Actions, Proceedings or Investigations. Following the occurrence and during a continuation of an Event of Default under the Indenture hereunder and until the Class A Notes have been paid in full, all amounts owed to the Note Insurer have been paid in full, the Insurance Agreement has terminated and the Note Guaranty Insurance Policy has been returned to the Note Insurer for cancellation, unless a Note Insurer Default has occurred and is continuing, the following provisions shall apply:: 112
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