Policy Coverage. Each of Party A and Party B acknowledges and agrees that the Insurer’s obligations with respect to the Transactions shall be limited to the terms of the Swap Policy. Notwithstanding Section 2(e) or any other provision of this Agreement, the Insurer shall not have any obligation to pay interest on any amount payable by Party B under this Agreement.
Appears in 6 contracts
Samples: Master Agreement (Capital One Auto Receivables LLC), Master Agreement (Capital One Auto Receivables LLC), Master Agreement (Capital One Auto Finance Trust 2007-C)
Policy Coverage. Each of Party A and Party B acknowledges hereby each acknowledge and agrees agree that the Insurer’s obligations obligation with respect to the Insured Transactions shall be limited to the terms of the Swap Policy. Notwithstanding Section 2(e) or any other provision of this Agreement, the Insurer shall not have any obligation to pay interest on any amount payable by Party B under this Agreement.
Appears in 2 contracts
Samples: Master Agreement (Santander Drive Auto Receivables Trust 2007-3), Master Agreement (Santander Drive Auto Receivables Trust 2007-2)
