Document:

Class A(2006-8) Terms Document dated as of June 30,2006

 Exhibit 4.1 
 Executed Copy 
  

 CAPITAL ONE MULTI-ASSET EXECUTION TRUST 
 as Issuer 
 and 
 THE BANK OF NEW YORK 

as Indenture Trustee 
 CLASS A(2006-8)
TERMS DOCUMENT 
 dated as of June 30, 2006 
 to 
 CARD SERIES INDENTURE SUPPLEMENT 
 dated as of October 9, 2002 
 to 
 ASSET POOL 1 SUPPLEMENT 
 dated as of
October 9, 2002 
 to 
 INDENTURE 
 dated as of October 9, 2002, as amended and restated as of January 13, 2006 
  

 TABLE OF CONTENTS 

					
	  	  	 	  	Page
	 ARTICLE I
	  	
	 Definitions and Other Provisions of General Application
	  	
			
	 Section 1.01.
	  	Definitions	  	1
			
	 Section 1.02.
	  	Governing Law	  	7
			
	 Section 1.03.
	  	Counterparts	  	7
			
	 Section 1.04.
	  	Ratification of Indenture, Asset Pool 1 Supplement and Indenture Supplement	  	7
		
	 ARTICLE II
	  	
	 The Class A(2006-8) Notes
	  	
			
	 Section 2.01.
	  	Creation and Designation	  	8
			
	 Section 2.02.
	  	Adjustments to Required Subordinated Percentages	  	8
			
	 Section 2.03.
	  	Interest Payment	  	8
			
	 Section 2.04.
	  	Calculation Agent; Determination of LIBOR	  	9
			
	 Section 2.05
	  	Payments of Interest and Principal	  	9
			
	 Section 2.06.
	  	Form of Delivery of Class A(2006-8) Notes; Depository; Denominations	  	10
			
	 Section 2.07.
	  	Delivery and Payment for the Class A(2006-8) Notes	  	10
			
	 Section 2.08.
	  	Targeted Deposits to the Accumulation Reserve Account	  	10
			
	 Section 2.09.
	  	Capital One Derivative Agreement	  	10

  

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 THIS CLASS A(2006-8) TERMS DOCUMENT (this “Terms Document”), by and between CAPITAL ONE
MULTI-ASSET EXECUTION TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at E. A. Delle Donne Corporate Center, Montgomery Building, 1011 Centre Road,
Wilmington, DE 19805 and THE BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of June 30, 2006. 
 Pursuant to this Terms Document, the Issuer shall create a new tranche of Class A Notes and shall specify the principal terms thereof. 

ARTICLE I 
 Definitions and Other
Provisions of General Application 
 Section 1.01. Definitions. For all purposes of this Terms Document, except as otherwise
expressly provided or unless the context otherwise requires: 
  

	 	(1)	the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

  

	 	(2)	all other terms used herein which are defined in the Indenture Supplement, the Asset Pool 1 Supplement or the Indenture, either directly or by reference therein, have the meanings
assigned to them therein; 

  

	 	(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles and, except as otherwise herein
expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder means such accounting principles as are generally accepted in the United States of America at the date
of such computation; 

  

	 	(4)	all references in this Terms Document to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions
of this Terms Document; 

  

	 	(5)	the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision; 

  

	 	(6)	in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement, the Asset Pool 1
Supplement, the Indenture or the Transfer and Administration Agreement, the terms and provisions of this Terms Document shall be controlling; 

  

	 	(7)	each capitalized term defined herein shall relate only to the Class A(2006-8) Notes and no other Tranche of Notes issued by the Issuer; and 

  

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	 	(8)	“including” and words of similar import will be deemed to be followed by “without limitation.” 

 “Accumulation Period Amount” means $25,000,000; provided, however, if the Accumulation Period Length is determined to be
less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture
Supplement. 
 “Accumulation Reserve Funding Period” shall mean, (a) if the Accumulation Period Length is determined to
be one (1) month, there shall be no Accumulation Reserve Funding Period and (b) otherwise, the period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three (3) calendar months prior to the first
Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account of the Class A(2006-8) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following the
first Distribution Date following and including the May 2011 Distribution Date for which the Quarterly Excess Spread Percentage is less than 2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than
12 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the Class A(2006-8) Notes pursuant to Section 3.10(b) of the Indenture Supplement,
(iii) the Monthly Period following the first Distribution Date following and including the November 2011 Distribution Date for which the Quarterly Excess Spread Percentage is less than 3%, but in such event the Accumulation Reserve Funding
Period shall not be required to commence earlier than 6 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the Class A(2006-8) Notes pursuant to
Section 3.10(b) of the Indenture Supplement, and (iv) the Monthly Period following the first Distribution Date following and including the January 2012 Distribution Date for which the Quarterly Excess Spread Percentage is less than
4%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 4 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for
the Class A(2006-8) Notes pursuant to Section 3.10(b) of the Indenture Supplement and (y) ending on the close of business on the last day of the Monthly Period preceding the earlier to occur of (i) the Expected Principal
Payment Date for the Class A(2006-8) Notes and (ii) the date on which the Class A(2006-8) Notes are paid in full. 
 “Asset Pool
1 Supplement” means the Asset Pool 1 Supplement dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
 “Base Rate” means, with respect to any Monthly Period, the sum of (a) the Card Series Servicing Fee Percentage and (b) the
weighted average (based on the Outstanding Dollar Principal Amount of the related Card Series Notes) of the following: 
 (i)
in the case of a Tranche of Card Series Dollar Interest-bearing Notes with no Derivative Agreement for interest, the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of
Card Series Dollar Interest-bearing Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Dollar Interest-bearing Notes in the following Monthly Period; 
  

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 (ii) in the case of a Tranche of Card Series Discount Notes, the rate of accretion
(converted to an accrual rate) of such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Discount Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such
Tranche of Card Series Discount Notes in the following Monthly Period; 
 (iii) in the case of a Tranche of Card Series Notes
with a Performing Derivative Agreement for interest, the rate at which payments by the Issuer to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the period from and including the Monthly
Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; provided, however, that in the case of a
Tranche of Card Series Notes with a Performing Derivative Agreement for interest in which the rating on such Tranche of Card Series Notes is not dependant upon the rating of the applicable Derivative Counterparty, the amount determined pursuant to
this clause (iii) will be the higher of (1) the rate determined pursuant to this clause (iii) above and (2) the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for
such Tranche of Card Series Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; and 
 (iv) in the case of a tranche of Card Series Notes with a non-Performing Derivative Agreement for interest, the rate specified for that
date in the related Terms Document. 
 “Calculation Agent” is defined in Section 2.04(a). 
 “Class A(2006-8) Adverse Event” means the occurrence of any of the following: (a) an Early Redemption Event with respect to the
Class A(2006-8) Notes or (b) an Event of Default and acceleration of the Class A(2006-8) Notes. 
 “Class A(2006-8)
Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class A(2006-8) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class A(2006-8) Noteholder” means a Person in whose name a Class A(2006-8) Note is registered in the Note Register. 
 “Class A(2006-8) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar
Principal Amount of the Class A(2006-8) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and satisfied pursuant to Article VI thereof. 
 “Excess Spread Percentage” shall mean, with respect to any Distribution Date, the amount, if any, by which the Portfolio Yield for the
preceding Monthly Period exceeds the Base Rate for such Monthly Period. 
  

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 “Expected Principal Payment Date” means June 17, 2013. 
 “Initial Dollar Principal Amount” means $300,000,000. 
 “Indenture” means the Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006 by and between the Issuer and the Indenture Trustee, as amended and supplemented
from time to time. 
 “Indenture Supplement” means the Card Series Indenture Supplement dated as of October 9, 2002, by
and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
 “Interest Payment Date”
means the fifteenth day of each month commencing in August 2006, or if such fifteenth day is not a Business Day, the next succeeding Business Day. 
 “Interest Period” means, with respect to any Interest Payment Date, the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance
Date) through the day preceding such Interest Payment Date. 
 “Issuance Date” means June 30, 2006. 
 “Legal Maturity Date” means April 15, 2016. 
 “LIBOR” means, for any Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for such
Interest Period in accordance with the provisions of Section 2.04. 
 “LIBOR Determination Date” means
June 28, 2006 for the period from and including the Issuance Date to but excluding August 15, 2006 and the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
 “London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London
interbank market. 
 “Maximum Subordination Amount of Class B Notes” means, for the Class A(2006-8) Notes for any date
of determination, an amount equal to the product of (a) Adjusted Outstanding Dollar Principal Amount of the Class A(2006-8) Notes on such date of determination and (b) the percentage equivalent of a fraction, the numerator of which is 10
and the denominator of which is 83.00. 
 “Note Interest Rate” means a rate per annum equal to 0.03% in excess of LIBOR as
determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
 “Paying
Agent” means The Bank of New York. 
  

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 “Portfolio Yield” means, with respect to any Monthly Period, the annualized percentage
equivalent of a fraction: 
 (a) the numerator of which is equal to the sum of: 
 (i) the aggregate amount of Finance Charge Amounts allocated to the Card Series with respect to such Monthly Period; plus

 (ii) the aggregate amount of Interest Funding sub-Account Earnings on all Tranches of Card Series Notes for such Monthly
Period; plus 
 (iii) any amounts to be treated as Card Series Finance Charge Amounts pursuant to Sections
3.20(d) and 3.27(a) of the Indenture Supplement; minus 
 (iv) the excess, if any, of (1) the sum of
the PFA Prefunding Earnings Shortfall plus the PFA Accumulation Earnings Shortfall over (2) the sum of the aggregate amount to be treated as Card Series Finance Charge Amounts for such Monthly Period pursuant to Sections
3.04(a)(ii) and 3.25(a) of the Indenture Supplement plus any other amounts applied to cover earnings shortfalls on amounts in the Principal Funding sub-Account for any tranche of Card Series Notes for such Monthly Period;
minus 
 (v) the Card Series Default Amount for such Monthly Period; and 
 (b) the denominator of which is the numerator used in the calculation of the Card Series Floating Allocation Percentage for such Monthly Period.

 “Quarterly Excess Spread Percentage” means, with respect to the May 2011 Distribution Date and each Distribution Date
thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three. 
 “Record Date” means, for any Distribution Date, the last Business Day of the preceding Monthly Period. 
 “Reference Banks” means four major banks in the London interbank market selected by the Beneficiary. 
 “Required Accumulation Reserve sub-Account Amount” means, with respect to any Monthly Period during the Accumulation Reserve Funding
Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2006-8) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer;
provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change. 
 “Required Subordinated Amount of Class B Notes” means, for the Class A(2006-8) Notes for any date of determination, an amount equal to
the product of (a) the Required 
  

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 Subordinated Percentage of Class B Notes for such Class A(2006-8) Notes on such date of determination and (b) the
Adjusted Outstanding Dollar Principal Amount of such Class A(2006-8) Notes on such date of determination; provided, however, that such an amount shall not exceed the Maximum Subordination Amount of Class B Notes for the Class A(2006-8)
Notes; provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2006-8) Adverse Event, the Required Subordinated Amount of Class B Notes for the Class
A(2006-8) Notes will be the greater of (x) the amount determined above for such date of determination and (y) the amount determined above for the date immediately prior to the date on which such Class A(2006-8) Adverse Event shall have
occurred. 
 “Required Subordinated Amount of Class C Notes” means, for the Class A(2006-8) Notes for any date of
determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class C Notes for such Class A(2006-8) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class
A(2006-8) Notes on such date of determination; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero
or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the Class A(2006-8) Notes will not be less
than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class A(2006-8) Notes, minus (ii) the Required Subordinated Amount of Class D Notes for the Class A(2006-8) Notes; provided further,
however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2006-8) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class A(2006-8) Notes will be the greater of
(x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2006-8) Adverse Event shall have occurred and (z) unless (i) the
Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of
Card Series Notes, the amount determined pursuant to the preceding proviso. 
 “Required Subordinated Amount of Class D
Notes” means, for the Class A(2006-8) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class D Notes for such Class A(2006-8) Notes on such date of determination and
(b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2006-8) Notes on such date of determination; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche
of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required
Subordinated Amount of Class D Notes for the Class A(2006-8) Notes will not be less than an amount equal to 1.2049% of the Initial Dollar Principal Amount of the Class A(2006-8) Notes, provided further, however, that for any
date of determination on or after the occurrence and during the continuation of a Class A(2006-8) Adverse Event, the Required Subordinated Amount of Class D Notes for the Class A(2006-8) Notes will be the greatest of (x) the amount determined
above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2006-8) Adverse Event shall have occurred and (z) unless (i) the Prefunding Target Amount for any
Tranche of Card Series Notes on such date of determination 
  

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 is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of
determination for any Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso. 
 “Required
Subordinated Percentage of Class B Notes” means, for the Class A(2006-8) Notes, 10.8434%, subject to adjustment in accordance with Section 2.02. 
 “Required Subordinated Percentage of Class C Notes” means, for the Class A(2006-8) Notes, 8.4338%, subject to adjustment in accordance with Section 2.02. 
 “Required Subordinated Percentage of Class D Notes” means, for the Class A(2006-8) Notes, 1.2049%, subject to adjustment in
accordance with Section 2.02. 
 “Stated Principal Amount” means $300,000,000. 
 “Telerate Page 3750” means the display page currently so designated on the Moneyline Telerate Service (or such other page as may replace
that page on that service for the purpose of displaying comparable rates or prices). 
 Section 1.02. Governing Law. THIS TERMS
DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF
THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 1.03. Counterparts. This Terms Document may be
executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 
 Section 1.04. Ratification of Indenture, Asset Pool 1 Supplement and Indenture Supplement. As supplemented by this Terms Document, each of
the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool 1 Supplement as so supplemented by the Indenture Supplement as so supplemented
and this Terms Document shall be read, taken and construed as one and the same instrument. 
 [END OF ARTICLE I] 
  

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 ARTICLE II 
 The Class A(2006-8) Notes 
 Section 2.01. Creation and Designation. There is hereby created a
tranche of Card Series Class A Notes to be issued pursuant to the Indenture, the Asset Pool 1 Supplement and the Indenture Supplement to be known as the “Card Series Class A(2006-8) Notes.” 
 Section 2.02. Adjustments to Required Subordinated Percentages. 
 (a) On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes or the Required Subordinated Percentage of Class C Notes, in each case for the Class A(2006-8) Notes, without the consent of
any Noteholders or any Note Rating Agencies, provided that, after giving effect to such change, (x) the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case,
for the Class A(2006-8) Notes after giving effect to such change is equal to or greater than the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the Class
A(2006-8) Notes immediately prior to giving effect to such change and (y) the Required Subordinated Amount of Class B Notes for the Class A(2006-8) Notes does not exceed the Maximum Subordinated Amount of Class B Notes. 
 (b) On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the
Required Subordinated Percentage of Class D Notes, in each case for the Class A(2006-8) Notes, such that after giving effect to all changes to such percentages on such date the sum of the Required Subordinated Percentage of Class B Notes, the
Required Subordinated Percentage of Class C Notes and the Required Subordinated Amount of Class D Notes, in each case, for the Class A(2006-8) Notes after giving effect to such change is less than the sum of the Required Subordinated Percentage of
Class B Notes, the Required Subordinated Percentage of Class C Notes and the Required Subordinated Amount of Class D Notes, in each case, for the Class A(2006-8) Notes immediately prior to giving effect to such change, without the consent of any
Noteholders, provided that the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes of the Card Series that the change in such percentage will not result in a Ratings Effect with respect
to any Outstanding Class A(2006-8) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion for each Master Trust and an Issuer Tax Opinion. 
 Section 2.03. Interest Payment. 
 (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2006-8) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related
Interest Period and the denominator of which is 360, times (B) the Note Interest Rate in effect with respect to such related Interest Period times (ii) the Outstanding Dollar Principal Amount of the Class A(2006-8) Notes
determined as of the Record Date preceding the related Distribution Date. Any interest on the Class A(2006-8) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year. 
  

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 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Distribution Date, the
Indenture Trustee shall deposit into the Class A(2006-8) Interest Funding sub-Account the portion of Card Series Finance Charge Amounts allocable to the Class A(2006-8) Notes. 
 Section 2.04. Calculation Agent; Determination of LIBOR. 
 (a) The Issuer hereby agrees that for so long as any Class A(2006-8) Notes are Outstanding, there shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation
Agent”). The Issuer hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation Agent may be removed by the Issuer at any time. If the Calculation
Agent is unable or unwilling to act as such or is removed by the Issuer, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly appoint a replacement Calculation Agent that does not control or is not
controlled by or under common control with the Issuer or its Affiliates. The Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation Agent, without a successor having been duly appointed. 
 (b) On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a
one-month period which appears on Telerate Page 3750 as of 11:00 a.m., London time, on such date. If such rate does not appear on Telerate Page 3750, the rate for that LIBOR Determination Date shall be determined on the basis of the rates at which
deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The Calculation Agent shall request the principal London
office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of such quotations. If fewer than two quotations are
provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time, on that day for
loans in United States dollars to leading European banks for a one-month period. 
 (c) The Note Interest Rate applicable to the then current
and the immediately preceding Interest Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office at (212) 815-3247 or such other telephone number as shall be designated by the Indenture Trustee for such purpose
by prior written notice by the Indenture Trustee to each Noteholder from time to time. 
 (d) On each LIBOR Determination Date, the
Calculation Agent shall send to the Indenture Trustee, the Issuer, the Beneficiary and the Servicer, by facsimile transmission or electronic transmission, notification of LIBOR for the following Interest Period. 
 Section 2.05. Payments of Interest and Principal. 
 (a) Any installment of interest or principal, if any, payable on any Class A(2006-8) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date
or Principal Payment Date shall be paid by the Paying Agent to the 
  

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 Person in whose name such Class A(2006-8) Note (or one or more Predecessor Notes) is registered on the Record Date, by
wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date
of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record
Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
 (b) The right of the Class A(2006-8) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class A(2006-8) Termination Date. 
 Section 2.06. Form of Delivery of Class A(2006-8) Notes; Depository; Denominations. 
 (a) The Class A(2006-8) Notes shall be delivered in the form of a global Registered Note as provided in Sections 202 and 301(i) of the
Indenture, respectively. 
 (b) The Depository for the Class A(2006-8) Notes shall be The Depository Trust Company, and the Class A(2006-8)
Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2006-8) Notes will be issued in
minimum denominations of $100,000 and integral multiples of $1,000 in excess of that amount. 
 Section 2.07. Delivery and Payment
for the Class A(2006-8) Notes. The Issuer shall execute and deliver the Class A(2006-8) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2006-8) Notes when authenticated, each in accordance
with Section 303 of the Indenture. 
 Section 2.08. Targeted Deposits to the Accumulation Reserve Account.

 The deposit targeted to be made to the Accumulation Reserve Account for any Monthly Period during the Accumulation Reserve Funding Period
will be an amount equal to the Required Accumulation Reserve sub-Account Amount. 
 Section 2.09. Section 2.09 Capital One
Derivative Agreement. 
 (a) On any Distribution Date, any amount owed by the Issuer pursuant to the ISDA Master Agreement, dated as of
October 9, 2002, as supplemented by the Schedule thereto, dated as of October 9, 2002, and the Confirmation thereto relating to the Class A(2006-8) Notes, dated as of June 30, 2006 (collectively, the “Capital One Derivative
Agreement”), each between Capital One Bank and the Issuer, shall be paid to Capital One Bank from Card Series Finance Charge Amounts (available after giving effect to Sections 3.01(a) through (l) of the Indenture
Supplement) for such Distribution Date in an amount not to exceed the lesser of (i) the product of (x) the amount of Card Series Finance Charge Amounts available for application pursuant to Section 3.01(m) of the Indenture
Supplement times (y) a fraction, the numerator of which is the Nominal Liquidation Amount of the Class A(2006-8) Notes as of the close of business on the last day of the preceding Monthly Period and the denominator of which is the
Nominal Liquidation Amount of all 
  

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 tranches of Card Series Notes as of the close of business on the last day of the preceding Monthly Period and
(ii) the amount of such payment owed by the Issuer to Capital One Bank on such Distribution Date. 
 (b) On any Distribution Date, any
amount owed to the Issuer pursuant to the Capital One Derivative Agreement shall be, when received by the Issuer, treated as Card Series Finance Charge Amounts for the purposes of Section 3.01(n) of the Indenture Supplement. 

(c) The Capital One Derivative Agreement shall not be considered a “Derivative Agreement” (as such term is defined in the Indenture)
for the purposes of Indenture, the Asset Pool Supplement or the Indenture Supplement. 
 [END OF ARTICLE II] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Terms Document to be duly executed, all as of the
day and year first above written. 
  

			
	CAPITAL ONE MULTI-ASSET EXECUTION TRUST,
	by DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity, but solely as Owner Trustee on behalf of the Trust
		
	By:	 	 /s/ Jenna Kaufman

	Name:	 	Jenna Kaufman
	Title:	 	Attorney-in-fact
	
	 THE BANK OF NEW YORK, as Indenture Trustee
 and not in its individual capacity

		
	By:	 	 /s/ AnnMarie Cassano

	Name:	 	AnnMarie Cassano
	Title:	 	Assistant Treasurer

 [Signature Page to the Class A(2006-8) Terms Document]Employment Agreement

 Exhibit 10.88 
  

					
	

	  	Borland	  	831-431-1000
	  	100 Enterprise way	  	Fax: 831-431-4113
	  	Scotts Valley, CA 95066-3249	  	www.borland.com

 July 5, 2006 
 Michael Sullivan 
 [Address omitted] 
 RE: Employment Terms 
 Dear Mike, 
 On behalf of Borland Software Corporation (“Borland”), I am pleased to promote you to the position of Principal Accounting Officer reporting to Tod Nielsen. This letter sets out the terms of your employment
with Borland. This offer is contingent upon successful completion of an employee background check. 
 From July 5, 2006, in
consideration for your service to Borland, you will be paid a base salary of $7,692.31 every two weeks (which equals $200,000.00 per year), less applicable taxes and other withholdings in accordance with Borland’s standard payroll practices. In
addition, you will be eligible to participate in various Borland fringe benefit plans, including: Group Health Insurance. For the duration of your assignment in the role of Principal Accounting Officer you will be covered by Borland’s Director
and Officer Policy. Borland reserves the right to modify employee benefit plans and policies, as it deems necessary. 
 In addition, Borland
considers you to be a key person and wants to ensure your commitment to the organization. As such, you will also be eligible to earn a retention bonus of $150,000.00 (the “Retention Bonus”). To earn the Retention Bonus you must be
(a) an employee in good standing with Borland through October 19, 2006 and (b) complete the goals and objectives (the “Criteria”) established by Borland’s President and Chief Executive Officer (“CEO”) in
consultation with you. If the CEO reasonably determines that such Criteria have been met, the Retention Bonus will be deemed earned. However, if you voluntarily resign from your position or if your employment is terminated for
“cause”1 prior to earning the Retention Bonus, as set forth above, you will not be entitled to any part of
the Retention Bonus. In the event that Borland terminates your employment without Cause before October 19, 2006, the Retention Bonus will be considered earned and therefore you will be paid the full retention bonus of $150,000.00. Once earned,
the Retention Bonus will be paid in the next practical payroll run. The Retention Bonus is subject to all applicable withholdings and deductions as reasonably determined by the Borland payroll department. 
  

	1	For purposes of this Agreement, termination for “cause” shall mean termination of your employment relationship with Borland for any of the following
reasons: (i) theft, embezzlement, misconduct, misappropriation of funds or property, or fraud against, or with respect to the business of Borland; (ii) breach by you of any material term of any agreement between you and Borland, if such
breach is capable of being cured, the failure by you to cure such breach within ten (10) business days of written notice of such breach; (iii) your conviction of any crime that impairs your performance of duties for Borland; (iv) as a
result of your reckless or willful misconduct, you commit any act that causes, or knowingly fails to take reasonable and appropriate action to prevent, any material injury to the financial condition or business reputation of Borland or
(v) after written notice to you, and a reasonable opportunity to correct, your failure or inability to perform any of your assigned duties for Borland. 

 Pursuant to the Segue Software, Inc. (“Segue”) Special Termination and Vesting Plan, (“the
Plan”), the Change of Control provision will remain in effect in accordance with the Plan. Specifically, in the event of a Terminating Event (as defined in Segue Software Inc.’s Special Termination and Vesting Plan) if you are terminated
from your employment with Borland, within one (1) year of the Change of Control (defined herein as April 19, 2006, the date of Borland’s acquisition of Segue), notwithstanding anything to the contrary contained in Segue’s Amended
and Restated Incentive and Non-qualified Stock Option Plan, any option agreement granted under the Segue Option Plan or any other agreements between Segue and covered employee pursuant to which options to purchase shares of Stock of Segue have been
granted (including, without limitation, the definition of “cause” contained therein), upon such Terminating Event, you shall be entitled to payment of the Unvested Option Consideration (as that term is defined in Section 2.9(a) of the
Agreement and Plan of Merger by and among Borland Software Corporation, Beta Merger Sub, Inc. and Segue Software, Inc. dated as of February 7, 2006) with respect to the number of your unvested Segue Stock Options that would have become vested
and exercisable as of the effective date of such Terminating Event. Nothing in this paragraph is intended to give you a Change of Control Plan for any Borland stock options you have been granted or may be granted in the future. 
 Upon termination of your employment, you will be eligible for a severance package under the terms and conditions of the Plan (except as modified by this
agreement). Pursuant to and in accordance with the Terminating Event benefits set forth in the Plan, you will be eligible for twelve (12) months of base salary (calculated at a base salary of $175,000) and twelve (12) months of COBRA
benefits provided your employment ends within one year of the Change in Control (April 19, 2006). In addition to the severance under the Plan but consistent with the terms and conditions of such Plan, you will also be eligible for an additional four
(4) months of base salary (calculated at a base salary of $200,000) as severance. Borland will also arrange to provide you with outplacement services as well, to assist you in searching for new employment. Please note that receipt of severance
benefits is conditioned upon signing a standard release agreement acceptable to Borland. All severance payments will be subject to tax withholding and deductions per standard Borland payroll policy, and they will be paid in one lump sum within one
(1) week of the effective date of your signed release. 
 In the event Borland reasonably determines that any payments or other
compensation to you under this agreement, the Plan, or a written employee benefit plan subject to ERISA, fail to satisfy the distribution requirement of Section 409A(a)(2)(A) of the Internal Revenue Code (the “Code”) as a result of
Section 409A(a)(2)(B)(i) of the Code, then the payment of such benefits shall not be made pursuant to the payment schedules provided herein and instead the payment of such benefits shall be delayed or otherwise restructured to the minimum
extent necessary so that such benefits are not subject to the provisions of Section 409A(a)(1) of the Code. 
 Despite the Retention
Bonus opportunity, your employment with Borland is “at will”; it is for no specified term, and may be terminated by you or Borland at any time, with or without cause or advance notice. Any contrary representations that may have been made
to you are superseded by this offer. This is the full and complete agreement between you and Borland on the terms and conditions of your employment. The “at will” nature of your employment may only be changed in an express written
agreement signed by you and Borland’s President and CEO. 

 By accepting employment with Borland, you represent that you will not be acting in breach of any
agreement with any of your previous employers. Should you accept this offer, I would like to remind you that it is Borland’s policy to avoid situations where information or materials might come into our hands that are considered proprietary by
individuals or companies other than Borland. We are interested in employing you because of your skills and abilities, not because of any trade secrets you have learned elsewhere. You represent and warrant that you are not acting in breach of any
non-competition, employment or other agreements with any of your previous employers. 
 You understand that Borland may provide you with one
or more types of equipment to help you perform your duties for Borland, including, but not limited to, computers, cellular telephones and wireless messaging devices. You further understand that it is your obligation to take proper care of all such
equipment during your employment, and to return such equipment to Borland in good working order immediately upon the termination of your employment with Borland for any reason. If you fail to return any such equipment to Borland upon the termination
of your employment, you hereby authorize Borland to deduct the cost of any unreturned equipment from your final paycheck. 
 Like all Borland
employees, you will be required, as a condition to your employment with Borland, to sign Borland’s standard Employee Confidentiality and Assignment of Inventions Agreement, a copy of which is included with this letter. 
 To ensure the timely and economical resolution of disputes that arise in connection with your employment with Borland, you and Borland agree that any and
all disputes, claims, or causes of action (collectively, “Claims”) arising from or relating to the enforcement, breach, performance or interpretation of this Agreement, your employment, or the termination of your employment (including, but
not limited to, any Claims for compensation, benefits, stock or stock options, fraud or age, sex, race, disability or other discrimination or harassment), shall be resolved to the fullest extent permitted by law by final, binding and confidential
arbitration, by a single arbitrator, in Santa Clara County, California, conducted by Judicial Arbitration and Mediation Services, Inc. (“JAMS”) under the applicable JAMS employment rules, or other arbitrator or arbitration rules to which
you and Borland mutually agree. To determine the resolution of any disputes, as described above, the laws of the State where you reside shall apply. By agreeing to this arbitration procedure, both you and Borland waive the right to resolve any such
dispute through a trial by jury or judge or administrative proceeding. The arbitrator shall: (a) have the authority to compel adequate discovery for the resolution of the dispute and to award such relief as would otherwise be permitted by law;
and (b) issue a written arbitration decision, to include the arbitrator’s essential findings and conclusions and a statement of the award. The arbitrator shall be authorized to award any or all remedies that you or Borland would be
entitled to seek in a court of law. Borland shall pay all arbitrator and arbitration administrative fees in excess of the amount of court fees that would be required if the dispute were decided in a court of law. Nothing in this Agreement is
intended to prevent either you or Borland from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. 
 With the exception of any agreement with Segue Software, Inc. pertaining to proprietary, trade secret or other confidential information and/or the ownership of inventions or non-competes, which shall remain in full
force and effect and is unaffected by this Agreement, this agreement and the other agreements referred to above constitute the entire agreement between you and Borland regarding the terms and conditions of your employment, and they supersede all
prior negotiations, representations or agreements, whether oral or written, between you and Borland. This agreement may only be modified by a document signed by you and the Senior Vice President of Human Resources of Borland. 

 We look forward to working with you at Borland. Please sign and date this letter on the spaces provided
below to acknowledge your acceptance of the terms of this offer. 
  

			
		 	Sincerely,
		 	  
 Borland Software Corporation

	  
 By:
	 	 /s/ Jonathan Schoonmaker

		 	Jonathan Schoonmaker
		 	Senior Vice President, Human Resources

 I have read the above employment offer and accept employment with Borland on the terms and conditions set
forth in this agreement. 
  

			
	Date: July 5, 2006	 	     /s/ Michael Sullivan        
  

		 	Michael Sullivan

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