Administration Agreement



 Exhibit 10.3 
  

  
 ADMINISTRATION AGREEMENT 
  
 between

  
 CAPITAL ONE AUTO FINANCE TRUST 2005-A, 

as Issuer, 
  
 CAPITAL ONE AUTO FINANCE, INC., 
 as Administrator 
  
 and 
  
 JPMORGAN CHASE BANK, N.A., 
 as Indenture Trustee 
  
 Dated as of April 7, 2005 
  

  


					
	 	 	 	 	2005-A Administration Agreement









 Table of Contents 
 (continued) 
  

					
	 	  	 	  	Page


	1.	  	Duties of the Administrator	  	1
			
	2.	  	Records	  	2
			
	3.	  	Compensation; Payment of Fees and Expenses	  	3
			
	4.	  	Independence of the Administrator	  	3
			
	5.	  	No Joint Venture	  	3
			
	6.	  	Other Activities of the Administrator	  	3
			
	7.	  	Representations and Warranties of the Administrator	  	3
			
	8.	  	Administrator Termination Events; Termination of the Administrator	  	4
			
	9.	  	Action upon Termination or Removal	  	6
			
	10.	  	Liens	  	6
			
	11.	  	Notices	  	6
			
	12.	  	Amendments	  	7
			
	13.	  	Governing Law; Submission to Jurisdiction	  	9
			
	14.	  	Headings	  	9
			
	15.	  	Counterparts	  	10
			
	16.	  	Severability of Provisions	  	10
			
	17.	  	Not Applicable to COAF in Other Capacities	  	10
			
	18.	  	Benefits of the Administration Agreement	  	10
			
	19.	  	Assignment	  	10
			
	20.	  	Nonpetition Covenant	  	10
			
	21.	  	Limitation of Liability	  	11
			
	22.	  	Limitation of Rights	  	11

  


					
	 	 	i	 	2005-A Administration Agreement









 THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of April 7, 2005, is between
CAPITAL ONE AUTO FINANCE TRUST 2005-A, a Delaware statutory trust (the “Issuer”), CAPITAL ONE AUTO FINANCE, INC., a Texas corporation, as administrator (“COAF” or the “Administrator”), and JPMORGAN
CHASE BANK, N.A., a banking association organized under the laws of the United States, as indenture trustee (the “Indenture Trustee”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned
such terms in Appendix A to the Sale and Servicing Agreement dated as of April 7, 2005 (the “Sale and Servicing Agreement”) by and between Capital One Auto Receivables, LLC, as seller, the Issuer, the Administrator, as
servicer, and the Indenture Trustee. 
  
 W I T N E S S E T H :

  
 WHEREAS, the Issuer has issued the Notes pursuant to the
Indenture and has entered into certain agreements in connection therewith, including, (i) the Sale and Servicing Agreement, (ii) the Indenture, (iii) the Note Depository Agreement, (iv) the Limited Guaranty, (v) the Interest Rate Swap Agreement and
(vi) the Trust Agreement (each of the agreements referred to in clauses (i) through (vi) are referred to herein collectively as the “Issuer Documents”); 
  
 WHEREAS, to secure payment of the Notes, the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the
Indenture; 
  
 WHEREAS, pursuant to the Issuer Documents, the
Issuer and the Owner Trustee are required to perform certain duties; 
  
 WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and the Owner Trustee (in its capacity as Owner Trustee), and to provide such additional services consistent with this
Agreement and the Issuer Documents as the Issuer may from time to time request; 
  
 WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for the Issuer and the Owner Trustee on the terms set forth herein; 
  
 NOW, THEREFORE, in consideration of the mutual terms and covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
  
 1. Duties of the Administrator. 
  
 (a) Duties with Respect to the Issuer Documents. The Administrator shall perform all of its duties as Administrator under this
Agreement and the Issuer Documents and the duties and obligations of the Issuer and the Owner Trustee (in its capacity as owner trustee) under the Issuer Documents; provided, however, except as otherwise provided in the Issuer Documents, that
the Administrator shall have no obligation to make any payment required to be made by the Issuer under any Issuer Document. In addition, the Administrator shall consult with the Issuer and the Owner Trustee regarding its duties and obligations under
the Issuer Documents. The Administrator shall monitor the performance of the Issuer and the Owner Trustee and shall advise the Issuer and the 

  


					
	 	 	1	 	2005-A Administration Agreement









 
Owner Trustee when action is necessary to comply with the Issuer’s and the Owner Trustee’s duties and obligations under the Issuer Documents. The
Administrator shall perform such calculations, and shall prepare for execution by the Issuer or shall cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be
the duty of the Issuer and the Owner Trustee (in its capacity as owner trustee) to prepare, file or deliver pursuant to the Issuer Documents. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of
the Issuer and the Owner Trustee (in its capacity as owner trustee) to take pursuant to the Issuer Documents, and shall prepare and execute on behalf of the Issuer all such documents, reports, filings, instruments, certificates and opinions as it
shall be the duty of the Issuer to prepare, file or deliver pursuant to the Issuer Documents or otherwise by law. 
  
 (b) Notwithstanding anything to the contrary in the Agreement, the Administrator shall not be obligated to, and shall not, take any action
that the Issuer directs the Administrator not to take nor which would result in a violation or breach of the Issuer’s covenants, agreements or obligations under any of the Issuer Documents. 
  
 (c) Non-Ministerial Matters; Exceptions to Administrator
Duties. 
  
 (i) Notwithstanding anything to the
contrary in this Agreement, with respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless, within a reasonable time before the taking of such action, the
Administrator shall have notified the Issuer of the proposed action and the Issuer shall not have withheld consent or provided an alternative direction. For the purpose of the preceding sentence, “non-ministerial matters” shall include,
without limitation: 
  
 (A) the initiation of any
claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or against the Issuer; 
  
 (B) the appointment of successor Note Registrars, successor Paying Agents, successor Indenture Trustees, successor Administrators or
successor Servicers, or the consent to the assignment by the Note Registrar, Paying Agent or Indenture Trustee of its obligations under the Indenture; and 
  
 (C) the removal of the Indenture Trustee. 
  
 (ii) Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not, (x) make any
payments to the Noteholders under the Transaction Documents, (y) except as provided in the Transaction Documents, sell the Trust Estate or (z) take any other action that the Issuer or the Issuer directs the Administrator not to take on its behalf.

  
 2. Records. The Administrator shall maintain
appropriate books of account and records relating to services performed hereunder, which books of account and records shall be accessible for inspection by the Issuer, the Seller and the Indenture Trustee at any time during normal business hours.

  


					
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 3. Compensation; Payment of Fees and Expenses. As compensation for the performance of the
Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $2,500 annually which shall be solely an obligation of the Servicer. The Administrator shall
pay all expenses incurred by it in connection with its activities hereunder. 
  
 4. Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer with respect to the
manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or to represent the Issuer in any way (other than as permitted hereunder)
and shall not otherwise be deemed an agent of the Issuer. 
  
 5.
No Joint Venture. Nothing contained in this Agreement (i) shall constitute the Administrator and the Issuer as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be
construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others. 
  
 6. Other Activities of the Administrator. Nothing herein shall prevent
the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an Administrator for any other Person even though such Person may engage in business activities similar to those
of the Issuer, the Owner Trustee or the Indenture Trustee. 
  
 7.
Representations and Warranties of the Administrator. The Administrator represents and warrants to the Issuer, the Owner Trustee and the Indenture Trustee as follows: 
  
 (a) Existence and Power. The Administrator is a corporation validly existing and in good standing
under the laws of its state of organization and has, in all material respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute, deliver and perform its obligations under the
Transaction Documents to which it is a party or affect the enforceability or collectibility of the Receivables or any other part of the Collateral. The Administrator has obtained all necessary licenses and approvals in each jurisdiction where the
failure to do so would materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Collateral.

  
 (b) Authorization and No
Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Administrator and do not contravene or
constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material indenture or material agreement or instrument to which the Administrator is a party by which its properties are bound
(other than violations of such laws, rules, regulations, indentures or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, 
  


					
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 individually or in the aggregate, would not materially and adversely affect the transactions contemplated
by, or the Administrator’s ability to perform its obligations under, the Transaction Documents). 
  
 (c) No Consent Required. No approval or authorization by, or filing with, any Governmental Authority is required in connection with
the execution, delivery and performance by the Administrator of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and filings that have previously been made and (iii) approval,
authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectibility of the Receivables or any other part of the Collateral or would not materially and adversely affect the
ability of the Administrator to perform its obligations under the Transaction Documents. 
  
 (d) Binding Effect. Each Transaction Document to which the Administrator is a party constitutes the legal, valid and binding
obligation of the Administrator enforceable against the Administrator in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other
similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of limited liability companies from time to time in effect or by general principles of equity. 
  
 8. Administrator Termination Events; Termination of the Administrator.

  
 (a) Subject to clauses (d) and (e) below, the
Administrator may resign its duties hereunder by providing the Issuer with at least sixty (60) days’ prior written notice. 
  
 (b) Subject to clauses (d) and (e) below, the Issuer may remove the Administrator without cause by providing the Administrator with at
least sixty (60) days’ prior written notice. 
  
 (c) The occurrence of any one of the following events (each, an “Administrator Termination Event”) shall also entitle the Issuer, subject to Section 19 hereof, to terminate and replace the Administrator: 

 
 (i) any failure by the Administrator to deliver or cause
to be delivered any required payment to the Indenture Trustee for distribution to the Noteholders, which failure continues unremedied for five business days after discovery thereof by a Responsible Officer of the Administrator or receipt by the
Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at least a 25% of Outstanding Notes, voting together as a single class; 
  
 (ii) any failure by the Administrator to duly observe or perform in any material respect any other of its
covenants or agreements in this Agreement, which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which continues unremedied for 60 days (or such longer period not in excess of 90 days as may be reasonably
necessary to remedy such failure; provided that such failure is capable of remedy within 90 days or less) after 
  


					
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discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or
Noteholders evidencing at least 25% of Outstanding Notes, voting together as a single class; 
  
 (iii) any representation or warranty of the Administrator made in any Transaction Document to which the Administrator is a party or by
which it is bound or any certificate delivered pursuant to this Agreement proves to have been incorrect in any material respect when made, which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which failure
continues unremedied for 60 days (or such longer period not in excess of 90 days as may be reasonably necessary to remedy such failure; provided that such failure is capable of remedy within 90 days or less) after discovery thereof by a Responsible
Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at least 25% of Outstanding Notes, voting together as a single class (it being understood that any repurchase
of a Receivable by COAF pursuant to Section 3.3 of the Purchase Agreement, by the Seller pursuant to Section 2.3 of the Sale and Servicing Agreement or by the Administrator pursuant to Section 3.6 of the Sale and Servicing
Agreement shall be deemed to remedy any incorrect representation or warranty with respect to such Receivable); or 
  
 (iv) the Administrator suffers a Bankruptcy Event. 
  
 (d) If an Administrator Termination Event shall have occurred, the Issuer may, subject to Section 19
hereof, by notice given to the Administrator and the Owner Trustee, terminate all or a portion of the rights and powers of the Administrator under this Agreement, including the rights of the Administrator to receive the annual fee for services
hereunder for all periods following such termination; provided, however that such termination shall not become effective until such time as the Issuer, subject to Section 19 hereof, shall have appointed a successor Administrator
in the manner set forth below. Upon any such termination, all rights, powers, duties and responsibilities of the Administrator under this Agreement shall vest in and be assumed by any successor Administrator appointed by the Issuer, subject to
Section 19 hereof, pursuant to a management agreement between the Issuer and such successor Administrator, containing substantially the same provisions as this Agreement (including with respect to the compensation of such successor
Administrator), and the successor Administrator is hereby irrevocably authorized and empowered to execute and deliver, on behalf of the Administrator, as attorney-in-fact or otherwise, all documents and other instruments, and to do or accomplish all
other acts or things necessary or appropriate to effect such vesting and assumption. Further, in such event, the Administrator shall use its commercially reasonable efforts to effect the orderly and efficient transfer of the administration of the
Issuer to the new Administrator. 
  
 (e) The
Issuer, subject to Section 19 hereof, may waive in writing any Administrator Termination Event by the Administrator in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past Administrator Termination
Event, such Administrator Termination Event shall cease to 
  


					
	 	 	5	 	2005-A Administration Agreement









 
exist, and any Administrator Termination Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver
shall extend to any subsequent or other Administrator Termination Event or impair any right consequent thereon. 
  
 9. Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the
removal of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or removal. 
  
 10. Liens. The Administrator will not directly or indirectly create,
allow or suffer to exist any Lien on the Collateral other than Permitted Liens. 
  
 11. Notices. Any notice, report or other communication given hereunder shall be in writing and addressed as follows: 
  

	 	(a)	if to the Administrator, to: 

  
 Capital One Auto Finance, Inc. 
 1680 Capital One Drive 
 McLean, Virginia 22102 
 Attention: Manager of Securitization 
 Telephone: (703) 720-1000 
 Facsimile: (703) 720-2121 
  
 with a copy to: 
  
 Mayer, Brown, Rowe & Maw LLP 
 190 South LaSalle Street 
 Chicago, IL 60603 
 Attention: Jon Van Gorp 
 Facsimile: (312) 701-7711 
 Confirmation No.: (312) 701-7091 
  

	 	(b)	if to the Issuer, to: 

  
 Capital One Auto Finance Trust 2005-A 
 1680 Capital One Drive 
 McLean, Virginia 22102 
 Attention: Manager of Securitization 
 Telephone: (703) 720-1000 
 Facsimile: (703) 720-2121 
  


					
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 with a copy to: 
  
 Mayer, Brown, Rowe & Maw LLP 
 190 South LaSalle Street 
 Chicago, IL 60603 
 Attention: Jon Van Gorp 
 Facsimile: (312) 701-7711 
 Confirmation No.: (312) 701-7091 
  
 with a copy to: 
  
 Wilmington Trust Company 
 Rodney Square North 
 1100 North Market Street 
 Wilmington, Delaware 19890-0001 
 Attention: Jeanne Oller 
 Telephone: (302) 636-6188 
 Facsimile: (302) 636-4140 
  

	 	(c)	if to the Owner Trustee, to: 

  
 Wilmington Trust Company 
 Rodney Square North 
 1100 North Market Street 
 Wilmington, Delaware 19890-0001 
 Attention: Don MacKelcan 
 Telephone: (302) 651-1464 
 Facsimile: (302) 651-427-4749 
  

	 	(d)	if to the Indenture Trustee, to: 

  
 JPMorgan Chase Bank, N.A. 
 4 New York Plaza, 6th Floor 
 New York, New York 10004-2413 
 Attention: Institutional Trust Services/Global Debt – Capital One Auto 
 Finance Trust
2005-A 
 Telephone: (212) 623-5379 
 Facsimile: (212) 623-5932 
  
 or to such other address as any party shall have provided to the other parties in writing. Any notice required to be in writing hereunder shall be deemed given if such
notice is mailed by certified mail, postage prepaid or hand-delivered to the address of such party as provided above. 
  
 12. Amendments. 
  
 (a) Any term or provision of this Agreement may be amended by the Administrator without the consent of the Indenture Trustee, any
Noteholder, the Issuer or the Owner Trustee (subject to Section 12(e) below); provided that such amendment shall 

  


					
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not, as evidenced by an Opinion of Counsel delivered to the Indenture Trustee materially and adversely affect the interests of the Noteholders;
provided, further, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty or the Issuer under the Interest Rate Swap Agreement unless the Swap Counterparty shall have consented
in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty does not object in writing within ten (10) Business Days after receipt of a written request for such consent); provided, further, that
any amendment requiring the Swap Counterparty’s consent hereunder must also satisfy the Rating Agency Condition to be effective. 
  
 (b) Any term or provision of this Agreement may be amended by the Administrator but without the consent of the Indenture Trustee, any
Noteholder, the Issuer, the Owner Trustee (subject to Section 12(e) below) or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to enable the Seller, the Servicer or any of their Affiliates
to comply with or obtain more favorable treatment under any law or regulation or any accounting rule or principle, it being a condition to any such amendment that the Rating Agency Condition shall have been satisfied. 
  
 (c) This Agreement may also be amended from time to time by
the Issuer, the Administrator and the Indenture Trustee, with the consent of the Holders of Notes evidencing not less than a majority of the aggregate principal amount of the Outstanding Notes, voting as a single class, for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided, that such amendment shall not materially and adversely affect the rights or
obligations of the Swap Counterparty or the Issuer under the Interest Rate Swap Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty
does not object in writing within ten (10) Business Days after receipt of a written request for such consent); provided, further, that any amendment requiring the Swap Counterparty’s consent hereunder must also satisfy the Rating Agency
Condition to be effective. It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining
such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders will be subject to such reasonable requirements as the Indenture Trustee may prescribe,
including the establishment of record dates pursuant to the Note Depository Agreement. 
  
 (d) Prior to the execution of any such amendment, the Administrator shall provide written notification of the substance of such amendment
to each Rating Agency and the Owner Trustee; and promptly after the execution of any such amendment or consent, the Administrator shall furnish a copy of such amendment or consent to each Rating Agency, the Owner Trustee and the Indenture Trustee.

  
 (e) Prior to the execution of any amendment
to this Agreement, the Issuer, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively 

  


					
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rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent
to the execution and delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which adversely affects the Owner Trustee’s or the Indenture
Trustee’s, as applicable, own rights, duties or immunities under this Agreement. Furthermore, notwithstanding anything to the contrary herein, this Agreement may not be amended in any way that would adversely affect the Owner Trustee’s
rights, duties or obligations under this Agreement, the Transaction Documents or otherwise or the Administrator’s duties and obligations under Section 1 of this Agreement, without the prior written consent of the Owner Trustee.

  
 13. Governing Law; Submission to Jurisdiction.

  
 (a) THIS AGREEMENT SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS. 
  
 (b) Each of the
parties hereto hereby irrevocably and unconditionally: 
  
 (i) submits for itself and its property in any legal action or proceeding relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to
the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
  
 (ii) consents that any such action or proceeding may be
brought in such courts and waives any objection that it may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the
same; 
  
 (iii) agrees that service of process in
any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 11 of
this Agreement; and 
  
 (iv) agrees that nothing
herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 
  
 14. Headings. The section headings hereof have been inserted for convenience of reference only and shall not be construed to affect the meaning,
construction or effect of this Agreement. 
  


					
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 15. Counterparts. This Agreement may be executed in any number of counterparts, each of which so
executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 
  
 16. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason
whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the
other provisions of this Agreement. 
  
 17. Not Applicable to
COAF in Other Capacities. Nothing in this Agreement shall affect any obligation COAF may have in any other capacity. 
  
 18. Benefits of the Administration Agreement. Nothing in this Agreement, expressed or implied, shall give to any Person other than the parties
hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 7.13 of the Indenture, the Note Insurer, the Swap Counterparty and the Noteholders, any benefit or any legal or equitable
right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee, the Note Insurer and the Swap Counterparty are third party beneficiaries of this Agreement and are entitled to the rights and benefits hereunder and may
enforce the provisions hereof as if they were a party hereto. 
  
 19. Assignment. Each party hereto hereby acknowledges and consents to the mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the
Noteholders of all of the Issuer’s rights under this Agreement. In addition, the Administrator hereby acknowledges and agrees that for so long as any Notes are outstanding, the Indenture Trustee will have the right to exercise all waivers and
consents, rights, remedies, powers, privileges and claims of the Issuer under this Agreement. 
  
 20. Nonpetition Covenant. Each party hereto agrees that, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities
issued by any Bankruptcy Remote Party (i) such party shall not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to
such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other
similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding
commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of, its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) none of the parties hereto shall commence
or join with any other Person in commencing any proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. 
  


					
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 21. Limitation of Liability. Notwithstanding anything contained herein to the contrary, this
Agreement has been executed and delivered by Wilmington Trust Company, not in its individual capacity but solely as Owner Trustee, and in no event shall it have any liability for the representations, warranties, covenants, agreements or other
obligations of the Issuer hereunder or under the Notes or any of the other Transaction Documents or in any of the certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to the assets of the
Issuer. Under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expense of the Issuer or be liable for the breach or failure of any obligations, representation, warranty or covenant made or
undertaken by the Issuer under the Transaction Documents. For the purposes of this Agreement, in the performance of its duties or obligations hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions
of Articles VI, VII and VIII of the Trust Agreement. 
  
 22.
Limitation of Rights. (a) All of the rights of the Note Insurer in, to and under this Agreement (including, but not limited to, all of the Note Insurer’s rights as a third party beneficiary of this Agreement and all of the Note
Insurer’s rights to receive notice of any action hereunder and to give or withhold consent to any action hereunder) shall terminate upon the termination of the Insurance Agreement in accordance with the terms thereof and the payment in full of
all amounts owing to the Note Insurer. 
  
 (a)
All of the rights of the Swap Counterparty in, to and under this Agreement (including, but not limited to, all of the Swap Counterparty’s rights as a third party beneficiary of this Agreement and all of the Swap Counterparty’s rights to
receive notice of any action hereunder and to give or withhold consent to any action hereunder) shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts
owing to the Swap Counterparty. 
  
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 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the
day and year first above written. 
  

			
	CAPITAL ONE AUTO FINANCE TRUST 2005-A
	
	 By: Wilmington Trust Company, not in its
 individual capacity but solely as Owner Trustee

		
	By:	 	 /s/ Christopher J. Monigle


	Name:	 	Christopher J. Monigle
	Title:	 	Assistant Vice President


  


					
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	CAPITAL ONE AUTO FINANCE, INC., as Administrator
		
	By:	 	 /s/ Jerry Hamstead


	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President


  


					
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	JPMORGAN CHASE BANK, N.A., as Indenture Trustee
		
	By:	 	 /s/ Melissa Wilman


	Name:	 	Melissa Wilman
	Title:	 	Vice President


  


					
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 Joinder of Servicer: 
  
 CAPITAL ONE AUTO FINANCE, INC., as Servicer, joins in this Agreement solely for purposes of Section 3. 
  

			
	CAPITAL ONE AUTO FINANCE, INC., as Servicer
		
	By:	 	 /s/ Jerry Hamstead


	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President


  


					
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