Common use of Reassignment of Other Receivables Clause in Contracts

Reassignment of Other Receivables. (a) In the event any representation or warranty set forth in Subsection 4.02(a)(i) or (v) is not true and correct in any material respect and as a result of such breach Funding is required under Section 2.06 of the Pooling and Servicing Agreement to accept a reassignment of all of the Receivables previously sold by Capital One to Funding pursuant to this Agreement, Capital One shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b).

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Capital One Master Trust), Receivables Purchase Agreement, Receivables Purchase Agreement

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