Document:

Sale and Servicing Agreement dated June 2, 2005

 Exhibit 10.2 
  

  
 SALE AND SERVICING AGREEMENT 
  
 by and between

  
 CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS, 
  
 as Issuer 
  
 CAPITAL ONE AUTO RECEIVABLES, LLC, 
  

as Seller 
  
 CAPITAL ONE AUTO FINANCE, INC., 
  
 as Servicer 
  
 and 
  
 JPMORGAN CHASE BANK, N.A., 
  
 as Indenture Trustee 
  
 Dated as of June 2, 2005 
  

  

					
	 	 	 	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page

	ARTICLE I           DEFINITIONS AND USAGE	  	1
				
	 	 	SECTION 1.1	  	Definitions	  	1
	 	 	SECTION 1.2	  	Other Interpretive Provisions	  	1
		
	ARTICLE II         CONVEYANCE OF TRANSFERRED ASSETS	  	2
				
	 	 	SECTION 2.1	  	Conveyance of Transferred Assets	  	2
	 	 	SECTION 2.2	  	Representations and Warranties of the Seller as to each Receivable	  	2
	 	 	SECTION 2.3	  	Repurchase upon Breach	  	2
	 	 	SECTION 2.4	  	Custody of Receivable Files	  	3
	 	 	SECTION 2.5	  	Funding Events	  	5
	 	 	SECTION 2.6	  	Certificate of Title Repurchase Event	  	6
		
	ARTICLE III        ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY	  	7
				
	 	 	SECTION 3.1	  	Duties of Servicer	  	7
	 	 	SECTION 3.2	  	Collection of Receivable Payments	  	8
	 	 	SECTION 3.3	  	Repossession of Financed Vehicles	  	8
	 	 	SECTION 3.4	  	Maintenance of Security Interests in Financed Vehicles	  	9
	 	 	SECTION 3.5	  	Covenants of Servicer	  	9
	 	 	SECTION 3.6	  	Purchase of Receivables Upon Breach	  	9
	 	 	SECTION 3.7	  	Servicing Fee	  	10
	 	 	SECTION 3.8	  	Servicer’s Certificate	  	10
	 	 	SECTION 3.9	  	Annual Officer’s Certificate; Notice of Servicer Termination Event	  	10
	 	 	SECTION 3.10	  	Annual Independent Public Accountants’ Report	  	10
	 	 	SECTION 3.11	  	Servicer Expenses	  	11
	 	 	SECTION 3.12	  	Insurance	  	11
	 	 	SECTION 3.13	  	1934 Act Filings	  	11
		
	 ARTICLE IV        DISTRIBUTIONS; ACCOUNTS STATEMENTS TO THE
                               RESIDUAL INTERESTHOLDERS AND THE NOTEHOLDERS
	  	11
				
	 	 	SECTION 4.1	  	Establishment of Accounts	  	11
	 	 	SECTION 4.2	  	Remittances	  	13
	 	 	SECTION 4.3	  	Additional Deposits and Payments	  	14
	 	 	SECTION 4.4	  	Distributions	  	14
	 	 	SECTION 4.5	  	Net Deposits	  	16
	 	 	SECTION 4.6	  	Statements to Noteholders and Residual Interestholders	  	16
	 	 	SECTION 4.7	  	No Duty to Confirm	  	18
		
	ARTICLE V         THE SELLER	  	18
				
	 	 	SECTION 5.1	  	Representations and Warranties of Seller	  	18
	 	 	SECTION 5.2	  	Liability of Seller; Indemnities	  	19

  

					
	 	 	-i-	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 TABLE OF CONTENTS 
 (continued) 

							
	 	 	 	  	 	  	Page

	 	 	SECTION 5.3	  	Merger or Consolidation of, or Assumption of the Obligations of, Seller	  	20
	 	 	SECTION 5.4	  	Limitation on Liability of Seller and Others	  	21
	 	 	SECTION 5.5	  	Seller May Own Notes	  	21
	 	 	SECTION 5.6	  	Sarbanes-Oxley Act Requirements	  	21
	 	 	SECTION 5.7	  	Compliance with Organizational Documents	  	21
	 	 	SECTION 5.8	  	Perfection Representations, Warranties and Covenants	  	21
		
	ARTICLE VI        THE SERVICER	  	22
				
	 	 	SECTION 6.1	  	Representations of Servicer	  	22
	 	 	SECTION 6.2	  	Indemnities of Servicer	  	23
	 	 	SECTION 6.3	  	Merger or Consolidation of, or Assumption of the Obligations of, Servicer	  	24
	 	 	SECTION 6.4	  	Limitation on Liability of Servicer and Others	  	25
	 	 	SECTION 6.5	  	Delegation of Duties	  	25
	 	 	SECTION 6.6	  	COAF Not to Resign as Servicer	  	25
	 	 	SECTION 6.7	  	Servicer May Own Notes	  	26
		
	ARTICLE VII       TERMINATION OF SERVICER	  	26
				
	 	 	SECTION 7.1	  	Termination of Servicer	  	26
	 	 	SECTION 7.2	  	Notification to Noteholders	  	27
		
	ARTICLE VIII     OPTIONAL PURCHASE	  	27
				
	 	 	SECTION 8.1	  	Optional Purchase of Trust Estate	  	27
		
	ARTICLE IX        MISCELLANEOUS PROVISIONS	  	28
				
	 	 	SECTION 9.1	  	Amendment	  	28
	 	 	SECTION 9.2	  	Protection of Title	  	29
	 	 	SECTION 9.3	  	Other Liens or Interests	  	30
	 	 	SECTION 9.4	  	Transfers Intended as Sale; Security Interest	  	30
	 	 	SECTION 9.5	  	Information Requests.	  	31
	 	 	SECTION 9.6	  	Notices, Etc.	  	31
	 	 	SECTION 9.7	  	Choice of Law	  	31
	 	 	SECTION 9.8	  	Headings	  	31
	 	 	SECTION 9.9	  	Counterparts	  	32
	 	 	SECTION 9.10	  	Waivers	  	32
	 	 	SECTION 9.11	  	Entire Agreement	  	32
	 	 	SECTION 9.12	  	Severability of Provisions	  	32
	 	 	SECTION 9.13	  	Binding Effect	  	32
	 	 	SECTION 9.14	  	Acknowledgment and Agreement	  	32
	 	 	SECTION 9.15	  	Cumulative Remedies	  	32
	 	 	SECTION 9.16	  	Nonpetition Covenant	  	32
	 	 	SECTION 9.17	  	Submission to Jurisdiction; Waiver of Jury Trial	  	33
	 	 	SECTION 9.18	  	Limitation of Liability	  	33

  

					
	 	 	-ii-	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	Page

	            SECTION 9.19	  	Third-Party Beneficiaries	  	34
			
	Schedule I	  	Representations and Warranties	  	 
	Schedule II	  	Notice Addresses	  	 
			
	Exhibit A	  	Form of Notice of Funding Date	  	 
	Exhibit B	  	Form of Joint Officer’s Certificate	  	 
	Exhibit C	  	Form of Assignment pursuant to Sale and Servicing Agreement	  	 
	Exhibit D	  	Perfection Representations, Warranties and Covenants	  	 
			
	Appendix A	  	Definitions	  	 

  

					
	 	 	-iii-	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 SALE AND SERVICING AGREEMENT, dated as of June 2, 2005 (as amended, supplemented or otherwise modified
and in effect from time to time, this “Agreement”), by and between CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS, a Delaware statutory trust (the “Issuer”), CAPITAL ONE AUTO RECEIVABLES, LLC, a Delaware limited liability
company, as seller (the “Seller”), CAPITAL ONE AUTO FINANCE, INC., a Texas corporation (“COAF”), as servicer (in such capacity, the “Servicer”), and JPMORGAN CHASE BANK, N.A., a banking association
organized under the laws of the United States, as indenture trustee (the “Indenture Trustee”). 
  
 WHEREAS, the Issuer desires to purchase from the Seller a portfolio of motor vehicle receivables, including motor vehicle retail installment sales
contracts and/or installment loans that are secured by new and used automobiles and light-duty trucks; 
  
 WHEREAS, the Seller is willing to sell such portfolio of motor vehicle receivables and related property to the Issuer; and 
  
 WHEREAS, COAF is willing to service such motor vehicle receivables and
related property on behalf of the Issuer; 
  
 NOW, THEREFORE, in
consideration of the premises and the mutual covenants herein contained, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

  
 ARTICLE I 
  
 DEFINITIONS AND USAGE 
  
 SECTION 1.1 Definitions. Except as otherwise specified herein
or as the context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Appendix A hereto, which also contains rules as to usage that are applicable herein. 
  
 SECTION 1.2 Other Interpretive Provisions. For purposes of this
Agreement, unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under
generally accepted accounting principles; (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,”
“herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are references
to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other
subdivision of such Section or definition; (e) the term “including” means “including without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as
amended from time to time and include any successor law or regulation; (g) references to any Person include that Person’s successors and assigns; and (h) headings are for purposes of reference only and shall not otherwise affect the meaning or
interpretation of any provision hereof. 
  

					
	 	 	 	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 ARTICLE II 
  
 CONVEYANCE OF TRANSFERRED ASSETS 
  
 SECTION 2.1 Conveyance of Transferred Assets. (a) In consideration of the Issuer’s sale and delivery to,
or upon the order of, the Seller of all of the Notes and the Residual Interest on the Closing Date, the Seller does hereby irrevocably sell, transfer, assign and otherwise convey to the Issuer without recourse (subject to the obligations herein) all
right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the Initial Transferred Assets, identified in an Assignment substantially in the form of Exhibit C delivered on the Closing Date. The sale,
transfer, assignment and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any obligation of the Seller or any Originator to the Obligors, the Dealers or any other Person in connection with
the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. 
  
 (b) In consideration of the payment of the Receivables Purchase Price from the Pre-Funding Account, on each Funding Date the Seller does hereby sell,
transfer, assign, and otherwise convey to the Issuer without recourse (subject to the obligations herein) all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the Subsequent Transferred Assets,
identified in an Assignment substantially in the form of Exhibit C delivered on such Funding Date. The purchase of the Subsequent Transferred Assets on each Funding Date shall be made in accordance with the Purchase Agreement and this
Agreement. The sale, transfer, assignment and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any obligation of the Seller or any Originator to the Obligors, the Dealers or any other
Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. 
  
 SECTION 2.2 Representations and Warranties of the Seller as to each Receivable. On the date hereof, with respect to the Initial Receivables,
or on each Funding Date, with respect to the Subsequent Receivables, the Seller hereby makes the representations and warranties set forth on Schedule I to the Issuer and the Indenture Trustee as to the Initial Receivables and Subsequent
Receivables, as applicable, sold, transferred, assigned, and otherwise conveyed to the Issuer under this Agreement on which such representations and warranties the Issuer relies in acquiring the Receivables. The representations and warranties as to
each Receivable shall survive the Grant of the Receivables by the Issuer to the Indenture Trustee pursuant to the Indenture. Notwithstanding any statement to the contrary contained herein or in any other Transaction Document, the Seller shall not be
required to notify any insurer with respect to any Insurance Policy obtained by an Obligor. 
  
 SECTION 2.3 Repurchase upon Breach. Upon discovery by any party hereto of a breach of any of the representations and warranties set forth in Section 2.2 with respect to any Receivable at the time
such representations and warranties were made which materially and 
  

					
	 	 	2	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 adversely affects the interests of the Issuer or the Noteholders in such Receivable, the party discovering such breach
shall give prompt written notice thereof to the other parties hereto; provided, that delivery of the Servicer’s Certificate shall be deemed to constitute prompt notice by the Servicer and the Issuer of such breach; provided,
further, that the failure to give such notice shall not affect any obligation of the Seller hereunder. If the breach materially and adversely affects the interests of the Issuer or the Noteholders in such Receivable, then the Seller shall either
(a) correct or cure such breach or (b) repurchase such Receivable from the Issuer, in either case on or before the Payment Date following the end of the Collection Period which includes the 60th day after the date the Seller became aware or was notified of such breach. Any such purchase by the Seller shall be at a price equal to the Repurchase Price.
In consideration for such repurchase, the Seller shall make (or shall cause to be made) a payment to the Issuer equal to the Repurchase Price by depositing such amount into the Collection Account prior to noon, New York City time on such date of
repurchase. Upon payment of such Repurchase Price by the Seller, the Indenture Trustee, on behalf of the Indenture Secured Parties, and the Issuer shall release and shall execute and deliver such instruments of release, transfer or assignment, in
each case without recourse or representation, as may be reasonably requested by the Seller to evidence such release, transfer or assignment or more effectively vest in the Seller or its designee all of the Issuer’s and Indenture Trustee’s
rights in any Receivable and related Transferred Assets repurchased pursuant to this Section 2.3. It is understood and agreed that the right to cause the Seller to repurchase (or to enforce the obligations of COAF under the Purchase Agreement
to repurchase) any Receivable as described above shall constitute the sole remedy respecting such breach available to the Issuer and the Indenture Trustee. Neither the Owner Trustee nor the Indenture Trustee will have any duty to conduct an
affirmative investigation as to the occurrence of any condition requiring the repurchase of any Receivable pursuant to this Section 2.3. 
  
 SECTION 2.4 Custody of Receivable Files. 
  
 (a) Custody. The Issuer and the Indenture Trustee, upon the execution and delivery of this Agreement, hereby revocably appoint the Servicer, and
the Servicer hereby accepts such appointment, to act as the agent of the Issuer and the Indenture Trustee as custodian of the following documents or instruments, which are hereby or will hereby be constructively delivered to the Indenture Trustee
(or its agent or designee), as pledgee of the Issuer pursuant to the Indenture with respect to each Receivable (but only to the extent applicable to such Receivable and only to the extent held in tangible paper form or electronic form) (the
“Receivable Files”): 
  

	 	(i)	the fully executed original, electronically authenticated original or authoritative copy of the Contract (in each case within the meaning of the UCC) related to such Receivable,
including any written amendments or extensions thereto; 

  

	 	(ii)	the original credit application or a photocopy thereof to the extent held in paper form; 

  

	 	(iii)	the original Certificate of Title or, if not yet received, evidence that an application therefore has been submitted with the appropriate authority, a guaranty of title from a
Dealer or such other document (electronic or otherwise, as used in the applicable jurisdiction) that the Servicer keeps on 

  

					
	 	 	3	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 file, in accordance with its Customary Servicing Practices, evidencing the security interest of the
applicable Originator in the Financed Vehicle; provided, however, that in lieu of being held in the Receivable File, the Certificate of Title may be held by a third party service provider engaged by the Servicer to obtain and/or hold
Certificates of Title; and 
  

	 	(iv)	any and all other documents that the Servicer keeps on file, in accordance with its Customary Servicing Practices, relating to a Receivable, an Obligor or a Financed Vehicle.

  
 (b) Safekeeping. The Servicer, in its
capacity as custodian, shall hold the Receivable Files for the benefit of the Issuer and the Indenture Trustee. In performing its duties as custodian, the Servicer shall act in accordance with its Customary Servicing Practices. In accordance with
its Customary Servicing Practices, the Servicer will conduct, or cause to be conducted, periodic audits of the Receivable Files held by it under this Agreement, and of the related accounts, records, and computer systems, in such a manner as would
enable the Issuer or the Indenture Trustee to verify the accuracy of the Servicer’s record keeping. The Servicer will promptly report to the Issuer and the Indenture Trustee any failure on its part to hold a material portion of the Receivable
Files and maintain its accounts, records, and computer systems as herein provided or promptly take appropriate action to remedy any such failure. Nothing herein will be deemed to require an initial review or any periodic review by the Issuer or the
Indenture Trustee of the Receivable Files. The Servicer may, in accordance with its Customary Servicing Practices, (i) maintain all or a portion of the Receivable Files in electronic form and (ii) maintain custody of all or any portion of the
Receivable Files with one or more of its agents or designees. 
  
 (c) Maintenance of and Access to Records. The Servicer will maintain each Receivable File at one of its offices in the United States, or at such other location as specified to the Issuer and the Indenture Trustee by written notice
not later than ninety (90) days after any change in location (it being understood that the Receivable Files, or any part thereof, may be maintained at the offices of any Person to whom the Servicer has delegated responsibilities in accordance with
Section 6.5). The Servicer will make available to the Issuer and the Indenture Trustee or their duly authorized representatives, attorneys or auditors a list of locations of the Receivable Files upon request. The Servicer will provide access
to the Receivable Files, and the related accounts records, and computer systems maintained by the Servicer at such times as the Issuer or the Indenture Trustee direct, but only upon reasonable notice and during the normal business hours at the
respective offices of the Servicer. 
  
 (d) Release of
Documents. Upon written instructions from the Indenture Trustee, the Servicer will release or cause to be released any document in the Receivable Files to the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s
designee, as the case may be, at such place or places as the Indenture Trustee may designate, as soon thereafter as is practicable. Any document so released will be handled by the Indenture Trustee with due care and returned to the Servicer for
safekeeping as soon as the Indenture Trustee or its agent or designee, as the case may be, has no further need therefor. 
  
 (e) Instructions; Authority to Act. All instructions from the Indenture Trustee will be in writing and signed by an Authorized Officer of the
Indenture Trustee, and the Servicer will be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of such written instructions. 
  

					
	 	 	4	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 (f) Custodian’s Indemnification. Subject to Section 6.2, the Servicer as custodian
will indemnify the Issuer and the Indenture Trustee for any and all liabilities, obligations, losses, compensatory damages, payments, costs, or expenses of any kind whatsoever that may be imposed on, incurred by or asserted against the Issuer or the
Indenture Trustee as the result of any improper act or omission in any way relating to the maintenance and custody by the Servicer as custodian of the Receivable Files; provided, however, that the Servicer will not be liable to (i) the
Indenture Trustee or the Issuer for any portion of any such amount resulting from the willful misconduct, bad faith or negligence of the Indenture Trustee or the Issuer, respectively, or (ii) the Indenture Trustee for any portion of any such amount
resulting from the failure of the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s designee to handle with due care any Certificate of Title or other document released to the Indenture Trustee, the Indenture
Trustee’s agent or the Indenture Trustee’s designee pursuant to Section 2.4(d). 
  
 (g) Effective Period and Termination. The Servicer’s appointment as custodian will become effective as of the Initial Cut-Off Date and will
continue in full force and effect until terminated pursuant to this Section. If COAF resigns as Servicer in accordance with the provisions of this Agreement or if all of the rights and obligations of the Servicer have been terminated under
Section 7.1, the appointment of the Servicer as custodian hereunder may be terminated by the Indenture Trustee, or by the Noteholders of Notes evidencing not less than a majority of the Note Balance of the Controlling Class, in the same
manner as the Indenture Trustee or such Noteholders may terminate the rights and obligations of the Servicer under Section 7.1. After any termination of such appointment, the Servicer will promptly deliver to the Indenture Trustee or the
Indenture Trustee’s agent the Receivable Files and the related accounts and records maintained by the Servicer at such place or places as the Indenture Trustee may reasonably designate. 
  
 SECTION 2.5 Funding Events. 
  
 (a) A funding event (each, a “Funding Event”) shall occur
upon a Funding Date and in accordance with the requirements of this Section. 
  
 (b) During the Funding Period, the Issuer shall, on the Funding Dates, (i) acquire Subsequent Transferred Assets from the Seller pursuant to Section 2.1(b) (and the Seller shall have acquired the related
Subsequent Purchased Assets from COAF pursuant to the Purchase Agreement) and (ii) Grant all of the Issuer’s right, title and interest in, to and under such Subsequent Transferred Assets to the Indenture Trustee for the benefit of the Indenture
Secured Parties. Such Subsequent Transferred Assets shall be acquired at the option of the Issuer upon instruction from the Servicer; provided that such Subsequent Transferred Assets may not be acquired through the Pre-Funding Account if the
effect of such acquisition would be to (i) reduce the weighted average contract rate of the Receivables included in the Transferred Assets to less than 13.90%, (ii) increase the weighted average remaining term to maturity of the Receivables included
in the Transferred Assets to greater than 66 months or (iii) increase the portion of the Receivables included in the Transferred Assets due from Obligors having a billing address in any given state to a level greater than 10.00% of the aggregate
Principal Balance of the Receivables (except with respect to Texas and California). 
  

					
	 	 	5	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 (c) The following procedures shall be followed to effect a Funding Event: 
  
 (i) COAF will package and forward or cause to be packaged
and forwarded to the Servicer (in the event that COAF is not the Servicer) the Receivable Files with respect to each Subsequent Receivable. 
  
 (ii) On or prior to the Funding Date, the Issuer shall deliver, or cause to be delivered, to the Indenture Trustee and the Servicer the
following: 
  

	 	(1)	a Notice of Funding Date (substantially in the form of Exhibit A hereto) with the related Schedule of Receivables delivered by the Seller with respect thereto; and

  

	 	(2)	a joint Officer’s Certificate of COAF, the Seller and the Issuer (substantially in the form of Exhibit B hereto). 

  
 (d) Upon satisfaction of the above requirements, the Indenture Trustee will,
on the applicable Funding Date, withdraw from the Pre-Funding Account an amount equal to the Receivables Purchase Price for the Subsequent Receivables acquired on such Funding Date and shall forward such funds (less amounts required to be deposited
into the Reserve Account as described below) to the Seller (or to COAF on behalf of the Seller) or its designee, in cash by federal wire transfer funds, pursuant to the written directions provided to the Indenture Trustee in the Notice of Funding
Date. The Indenture Trustee, on behalf of the Seller, shall deposit into the Reserve Account from amounts which would otherwise be released to the Seller from the Pre-Funding Account, an amount equal to the Subsequent Reserve Account Deposit Amount
for such Funding Date. 
  
 SECTION 2.6 Certificate of
Title Repurchase Event. The Servicer shall inform the Issuer, the Seller and the Indenture Trustee promptly, in writing, upon the occurrence of the day that is 10 Business Days prior to the First Title Delivery Date of each Receivable for which
no Certificate of Title has been delivered to the Servicer or its agent as of such day. Upon the occurrence of a Certificate of Title Repurchase Event with respect to any Receivable, the Seller shall purchase such Receivable from the Issuer on any
date occurring on or before the Payment Date following the end of the Collection Period during which such Certificate of Title Repurchase Event occurs. Any such purchase by the Seller shall be at a price equal to the Repurchase Price. In
consideration for such repurchase, the Seller shall make (or shall cause to be made) a payment to the Issuer equal to the Repurchase Price by depositing such amount into the Collection Account prior to noon, New York City time on such date of
repurchase. Upon payment of such Repurchase Price by the Seller, the Indenture Trustee, on behalf of the Indenture Secured Parties, and the Issuer shall release and shall execute and deliver such instruments of release, transfer or assignment, in
each case without recourse or representation, as may be reasonably requested by the Seller to evidence such release, transfer or assignment or more effectively vest in the Seller or its designee all of the Issuer’s and the Indenture
Trustee’s rights in any Receivable and related Transferred Assets repurchased pursuant to this Section 2.6. 
  

					
	 	 	6	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 It is understood and agreed that the right to cause the Seller to repurchase (or to enforce the obligations of COAF under
the Purchase Agreement to repurchase) any Receivable as described above shall constitute the sole remedy with respect to a Certificate of Title Repurchase Event available to the Issuer, the Indenture Secured Parties and the Indenture Trustee.
Neither the Owner Trustee nor the Indenture Trustee will have any duty to conduct an affirmative investigation as to the occurrence of any condition requiring the repurchase of any Receivable pursuant to this Section 2.6. 
  
 ARTICLE III 
  
 ADMINISTRATION AND SERVICING OF 
 RECEIVABLES AND TRUST PROPERTY 
  
 SECTION 3.1 Duties of Servicer. 
  
 (a) The Servicer is hereby appointed by the Issuer and authorized to act as agent for the Issuer and in such capacity shall manage, service, administer
and make collections on the Receivables, and perform the other actions required by the Servicer under this Agreement. The Servicer agrees that its servicing of the Receivables will be carried out in accordance with its Customary Servicing Practices,
using the degree of skill and attention that the Servicer exercises with respect to all comparable motor vehicle receivables that it services for itself or others. The Servicer’s duties will include collection and posting of all payments,
responding to inquiries of Obligors on such Receivables, investigating delinquencies, sending invoices or payment coupons to Obligors, reporting any required tax information to Obligors, accounting for Collections and furnishing monthly and annual
statements to the Indenture Trustee with respect to distributions and performing the other duties specified herein. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the
Receivables set forth herein. 
  
 (b) The Servicer will follow its
Customary Servicing Practices and will have full power and authority to do any and all things in connection with such managing, servicing, administration and collection that it may deem necessary or desirable. Without limiting the generality of the
foregoing, the Servicer is hereby authorized and empowered to execute and deliver, on behalf of itself, the Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders, the Residual Interestholders, or any of them, any and all instruments of
satisfaction or cancellation, or partial or full release or discharge, and all other comparable instruments, with respect to such Receivables or to the Financed Vehicles securing such Receivables. The Servicer is hereby authorized to commence, in
its own name or in the name of the Issuer, a legal proceeding to enforce a Receivable or to commence or participate in any other legal proceeding (including a bankruptcy proceeding) relating to or involving a Receivable, an Obligor or a Financed
Vehicle. If the Servicer commences a legal proceeding to enforce a Receivable, the Issuer will thereupon be deemed to have automatically assigned such Receivable to the Servicer solely for purposes of commencing or participating in any such
proceeding as a party or claimant, and the Servicer is authorized and empowered by the Issuer to execute and deliver in the Servicer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in
connection with any such proceeding. If in any enforcement suit or legal proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is 
  

					
	 	 	7	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 not a real party in interest or a holder entitled to enforce the Receivable, the Issuer will, at the Servicer’s
expense and direction, take steps to enforce the Receivable, including bringing suit in its name or the name of the Indenture Trustee. The Issuer will furnish the Servicer with any powers of attorney and other documents reasonably necessary or
appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder. The Servicer, at its expense, will obtain on behalf of the Issuer all licenses, if any, required by the laws of any jurisdiction to be held by the
Issuer in connection with ownership of the Receivables, and will make all filings and pay all fees as may be required in connection therewith during the term hereof. 
  
 (c) The Servicer hereby agrees that upon its resignation and the appointment of a successor Servicer hereunder, the Servicer
will terminate its activities as Servicer hereunder in accordance with Section 7.1, and, in any case, in a manner which the Indenture Trustee reasonably determines will facilitate the transition of the performance of such activities to such
successor Servicer, and the Servicer shall cooperate with and assist such successor Servicer. 
  
 SECTION 3.2 Collection of Receivable Payments. The Servicer will make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same become
due in accordance with its Customary Servicing Practices. Subject to Section 3.5, the Servicer may grant extensions, rebates, deferrals, amendments, modifications or adjustments with respect to any Receivable in accordance with its Customary
Servicing Practices; provided, however, that if the Servicer extends the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period immediately prior to the Class D Final Scheduled Payment
Date, it will promptly purchase such Receivable in the manner provided in Section 3.6. The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Receivable.
Notwithstanding anything in this Agreement to the contrary, the Servicer may refinance any Receivable by accepting a new promissory note from the related Obligor and depositing the full outstanding Principal Balance of such Receivable into the
Collection Account. The receivable created by such refinancing shall not be property of the Issuer. 
  
 SECTION 3.3 Repossession of Financed Vehicles. On behalf of the Issuer, the Servicer will use commercially reasonable efforts, consistent
with its Customary Servicing Practices, to repossess or otherwise convert the ownership of and liquidate the Financed Vehicle securing any Receivable as to which the Servicer has determined eventual payment in full is unlikely; provided, however,
that the Servicer may elect not to repossess a Financed Vehicle if in its sole discretion it determines that repossession will not increase the amounts described in clauses (a) through (c) of the definition of Liquidation Proceeds by an amount
greater than the expense of such repossession or that the proceeds ultimately recoverable with respect to such Receivable would be increased by forbearance. The Servicer is authorized as it deems necessary or advisable, consistent with its Customary
Servicing Practices, to make reasonable efforts to realize upon any recourse to any Dealer and to sell the related Financed Vehicle at public or private sale. The foregoing will be subject to the provision that, in any case in which the Financed
Vehicle has suffered damage, the Servicer shall not be required to expend funds in connection with the repair or the repossession of such Financed Vehicle unless it determines in its sole discretion that such repair and/or repossession will increase
the amounts described in clauses (a) through (c) of the definition of Liquidation Proceeds with respect to such Financed Vehicle by an amount greater than the amount of such expenses. 
  

					
	 	 	8	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 SECTION 3.4 Maintenance of Security Interests in Financed Vehicles. The Servicer will, in
accordance with its Customary Servicing Practices, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Issuer hereby authorizes the Servicer to take such
steps as are necessary to re-perfect such security interest on behalf of the Issuer and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason. 
  
 SECTION 3.5 Covenants of Servicer. The Servicer will not (i) release the Financed Vehicle securing each such
Receivable from the security interest granted by such Receivable in whole or in part except in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to
collect in accordance with its Customary Servicing Practices or in connection with repossession or except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle or (ii) reduce the
Contract Rate with respect to any Receivable other than as required by applicable law or (iii) reduce the Principal Balance with respect to any Receivable other than (A) as required by applicable law, (B) in connection with a settlement in the event
the Receivable becomes a Defaulted Receivable or (C) in connection with a Cram Down Loss relating to such Receivable. 
  
 SECTION 3.6 Purchase of Receivables Upon Breach. Upon discovery by any party hereto of a breach of any of the obligations set forth in
Section 3.2, 3.3, 3.4 or 3.5 which materially and adversely affects the interests of the Issuer, the Indenture Trustee or the Noteholders in any Receivable, the party discovering such breach shall give prompt written
notice thereof to the other parties hereto; provided, that the delivery of the Servicer’s Certificate shall be deemed to constitute prompt notice by the Servicer and the Issuer of such breach; provided, further, that the failure
to give such notice shall not affect any obligation of the Servicer under this Section 3.6. If the breach materially and adversely affects the interests of the Issuer or the Noteholders in such Receivable, then the Servicer shall either (a)
correct or cure such breach or (b) purchase such Receivable from the Issuer, in either case on or before the Payment Date following the end of the Collection Period which includes the 60th day after the date the Servicer became aware or was notified of such breach. Any such purchase by the Servicer shall be at a price equal to the Repurchase
Price. In consideration for such repurchase, the Servicer shall make (or shall cause to be made) a payment to the Issuer equal to the Repurchase Price by depositing such amount into the Collection Account prior to noon, New York City time on such
date of repurchase. Upon payment of such Repurchase Price by the Servicer, the Indenture Trustee, on behalf of the Indenture Secured Parties, and the Issuer shall release and shall execute and deliver such instruments of release, transfer or
assignment, in each case without recourse or representation, as may be reasonably requested by the Seller to evidence such release, transfer or assignment or more effectively vest in the Servicer or its designee all of the Issuer’s and
Indenture Trustee’s rights in any Receivable and related Transferred Assets repurchased pursuant to this Section 3.6. It is understood and agreed that the obligation of the Servicer to purchase any Receivable as described above shall
constitute the sole remedy respecting such breach available to the Issuer and the Indenture Trustee. 
  

					
	 	 	9	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 SECTION 3.7 Servicing Fee. On each Payment Date, the Issuer shall pay to the Servicer the
Servicing Fee in accordance with Section 4.4 for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be entitled to retain all Supplemental Servicing Fees. 
  
 SECTION 3.8 Servicer’s Certificate. On the Determination
Date preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each of the Rating Agencies, a Servicer’s Certificate containing all information necessary to make the payments,
transfers and distributions pursuant to Sections 4.3 and 4.4 on such Payment Date, together with the written statements to be furnished by the Indenture Trustee to the Noteholders pursuant to Section 4.6 hereof and Section
6.6 of the Indenture. At the sole option of the Servicer, each Servicer’s Certificate may be delivered in electronic format or hard copy format. 
  
 SECTION 3.9 Annual Officer’s Certificate; Notice of Servicer Termination Event. (a) The Servicer will deliver to the Rating Agencies,
the Issuer and the Indenture Trustee, on or before March 30 of each year, beginning on March 30, 2006, an Officer’s Certificate stating, as to the Authorized Officer signing such Officer’s Certificate, that (i) a review of the activities
of the Servicer during the prior calendar year and of performance under this Agreement has been made under such Authorized Officer’s supervision; and (ii) to the best of such Authorized Officer’s knowledge, based on such review, the
Servicer has performed in all material respects its obligations under this Agreement throughout such year, or, if there has been a material default in the performance of any such obligation, specifying each such default known to such Authorized
Officer and the nature and status thereof. 
  
 (b) The Servicer
will deliver to the Issuer, the Indenture Trustee and each Rating Agency within five (5) Business Days after having obtained knowledge thereof written notice in an Officer’s Certificate of any event which with the giving of notice or lapse of
time, or both, would become a Servicer Termination Event. 
  
 SECTION 3.10 Annual Independent Public Accountants’ Report. (a) The Servicer shall cause a firm of independent certified public accountants, who may also render other services to the Servicer or to its Affiliates, to
deliver to the Rating Agencies, the Issuer and the Indenture Trustee on or before March 30 of each year, beginning March 30, 2006, a report addressed to the board of directors of the Servicer, to the effect that such firm has examined the
Officer’s Certificate delivered by the Servicer pursuant to Section 3.9(a) and that: (a) such examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the Servicer’s compliance with those requirements and performing such other procedures as such accountants considered necessary in the circumstances and (b) except as described in
such report, the Servicer’s annual statement of compliance for such year delivered pursuant to Section 3.9(a) is fairly stated in all material respects. The certification required by this paragraph may be replaced by any similar
certification using other procedures or attestation standards which are now or in the future in use by servicers of comparable motor vehicle receivables. 
  

					
	 	 	10	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 (b) The Servicer, however, shall not be obligated to deliver any report described above to any Person who
does not comply with or agree to the required procedures of such firm of independent certified public accountants, including but not limited to execution of engagement letters or access letters regarding such reports. The Servicer acknowledges that
any costs, expenses or liabilities of the Indenture Trustee incurred in connection with the execution of any documents required by the firm of independent certified public accountants shall be covered by the indemnity provisions contained in
Section 6.7 of the Indenture. 
  
 SECTION 3.11
Servicer Expenses. The Servicer will be required to pay all expenses (other than expenses described in the definition of Liquidation Proceeds) incurred by it in connection with its activities hereunder, including fees and disbursements of
the Indenture Trustee, Owner Trustee (in accordance with Section 8.1 of the Trust Agreement), independent accountants, taxes imposed on the Servicer and expenses incurred in connection with distributions and reports to the Noteholders and the
Residual Interestholders. 
  
 SECTION 3.12
Insurance. The Servicer may sue to enforce or collect upon the Insurance Policies, in its own name, if possible, or as agent of the Issuer. If the Servicer elects to commence a legal proceeding to enforce an Insurance Policy, the act of
commencement will be deemed to be an automatic assignment of the rights of the Issuer under such Insurance Policy to the Servicer for purposes of collection only. If, however, in any enforcement suit or legal proceeding it is held that the Servicer
may not enforce an Insurance Policy on the grounds that it is not a real party in interest or a holder entitled to enforce the Insurance Policy, the Issuer and/or the Indenture Trustee, at the Servicer’s expense, will take such steps as the
Servicer deems necessary to enforce such Insurance Policy, including bringing suit in its name or the name of the Issuer and the Owner Trustee and/or the Indenture Trustee for the benefit of the Noteholders. 
  
 SECTION 3.13 1934 Act Filings. The Issuer hereby authorizes the
Servicer and the Seller, or either of them, to prepare, sign, certify and file any and all reports, statements and information respecting the Issuer and/or the Notes required to be filed pursuant to the Securities and Exchange Act of 1934, as
amended, and the rules thereunder. 
  
 ARTICLE IV

  
 DISTRIBUTIONS; ACCOUNTS 
 STATEMENTS TO THE RESIDUAL INTERESTHOLDERS 
 AND THE NOTEHOLDERS 
  
 SECTION 4.1
Establishment of Accounts. (a) The Servicer shall cause to be established: 
  

	 	(i)	For the benefit of the Indenture Secured Parties in the name of the Indenture Trustee, an Eligible Account (the “Collection Account”), bearing a designation clearly
indicating that the funds deposited therein are held for the benefit of the Noteholders, which Eligible Account shall be established by and maintained with the Indenture Trustee or its designee. 

  

					
	 	 	11	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

	 	(ii)	For the benefit of the Indenture Secured Parties, in the name of the Indenture Trustee, an Eligible Account (the “Principal Distribution Account”), bearing a
designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders, which Eligible Account shall be established by and maintained with the Indenture Trustee or its designee. 

  

	 	(iii)	For the benefit of the Indenture Secured Parties, in the name of the Indenture Trustee, an Eligible Account (the “Reserve Account”), bearing a designation clearly
indicating that the funds deposited therein are held for the benefit of the Noteholders, which Eligible Account shall be established by and maintained with the Indenture Trustee or its designee. 

  

	 	(iv)	For the benefit of the Indenture Secured Parties, in the name of the Indenture Trustee, an Eligible Account (the “Pre-Funding Account”), bearing a designation
clearly indicating that the funds deposited therein are held for the benefit of the Noteholders, which Eligible Account shall be established by and maintained with the Indenture Trustee or its designee. 

  
 (b) Funds on deposit in the Collection Account, the Pre-Funding Account, the
Reserve Account and the Principal Distribution Account shall be invested by the Indenture Trustee in Eligible Investments selected in writing by the Servicer and of which the Servicer provides notification (pursuant to standing instructions or
otherwise); provided that it is understood and agreed that neither the Servicer, the Indenture Trustee nor the Issuer shall be liable for any loss arising from such investment in Eligible Investments. All such Eligible Investments shall be
held by or on behalf of the Indenture Trustee as secured party for the benefit of the Indenture Secured Parties. Except to the extent the Rating Agency Condition is satisfied, all investments of funds on deposit in the Trust Accounts shall mature so
that such funds will be available on the immediately following Payment Date. No Eligible Investment shall be sold or otherwise disposed of prior to its scheduled maturity unless a default occurs with respect to such Eligible Investment and the
Servicer directs the Indenture Trustee in writing to dispose of such Eligible Investment. 
  
 (c) The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Trust Accounts and in all proceeds thereof and all such funds, investments and proceeds shall be
part of the Trust Estate. Except as otherwise provided herein, the Trust Accounts shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders. If, at any time, any Trust Account ceases to be an Eligible
Account, the Servicer shall promptly notify the Indenture Trustee (unless such Trust Account is an account with the Indenture Trustee) in writing and within 10 Business Days (or such longer period as to which each Rating Agency may consent) after
becoming aware of the fact, establish a new Trust Account as an Eligible Account and shall direct the Indenture Trustee to transfer any cash and/or any investments to such new Trust Account. 
  

					
	 	 	12	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 (d) With respect to the Trust Account Property, the parties hereto agree that: 
  

	 	(i)	any Trust Account Property that consists of uninvested funds shall be held solely in Eligible Accounts and, except as otherwise provided herein, each such Eligible Account shall be
subject to the exclusive custody and control of the Indenture Trustee, and, except as otherwise provided in the Transaction Documents, the Indenture Trustee or its designee shall have sole signature authority with respect thereto;

  

	 	(ii)	any Trust Account Property that constitutes Physical Property shall be delivered to the Indenture Trustee or its designee, in accordance with paragraph (a) of the definition
of “Delivery” and shall be held, pending maturity or disposition, solely by the Indenture Trustee or any such designee; 

  

	 	(iii)	any Trust Account Property that is an “uncertificated security” under Article 8 of the UCC and that is not governed by clause (iv) below shall be delivered to the
Indenture Trustee or its designee in accordance with paragraph (c) of the definition of “Delivery” and shall be maintained by the Indenture Trustee or such designee, pending maturity or disposition, through continued registration of
the Indenture Trustee’s (or its designee’s) ownership of such security on the books of the issuer thereof; and 

  

	 	(iv)	any Trust Account Property that is an uncertificated security that is a “book-entry security” (as such term is defined in Federal Reserve Bank Operating Circular No. 7)
held in a securities account at a Federal Reserve Bank and eligible for transfer through the Fedwire® Securities Service operated by the Federal Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of
“Delivery” and shall be maintained by the Indenture Trustee or its designee or a securities intermediary (as such term is defined in Section 8-102(a)(14) of the UCC) acting solely for the Indenture Trustee or such designee, pending
maturity or disposition, through continued book-entry registration of such Trust Account Property as described in such paragraph. 

  
 SECTION 4.2 Remittances. The Servicer shall deposit an amount equal to all Collections into the Collection Account within two Business Days
after receipt; provided, however, that if the Monthly Remittance Condition is satisfied, then the Servicer shall not be required to deposit into the Collection Account an amount equal to the Collections received during any Collection
Period until noon, New York City time, on the following Payment Date. The “Monthly Remittance Condition” shall be deemed to be satisfied if (i) COAF or one of its Affiliates is the Servicer, (ii) no Servicer Termination Event has
occurred and is continuing and (iii) Capital One Financial Corporation has a short-term debt rating of at least “Prime-1” from Moody’s, “A-1” from Standard & Poor’s and “F-1” from Fitch. Notwithstanding
the foregoing, the Servicer may remit Collections to the Collection Account on any other alternate remittance schedule (but not later than the related Payment Date) if the Rating Agency Condition is satisfied with respect to such alternate
remittance schedule. Pending deposit into the Collection Account, Collections may be commingled and used by the Servicer at its own risk and are not required to be segregated from its own funds. 
  

					
	 	 	13	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 SECTION 4.3 Additional Deposits and Payments. (a) On the date specified in Section
2.3, 2.6 or 3.6, as applicable, the Servicer and the Seller, as applicable, will deposit into the Collection Account the aggregate Repurchase Price with respect to Repurchased Receivables purchased by the Servicer or the Seller on
such date and the Servicer will deposit into the Collection Account all amounts to be paid under Section 8.1. All such deposits with respect to any such date which is a Payment Date will be made, in immediately available funds by noon, New
York City time, on such Payment Date related to such Collection Period. 
  
 (b) The Indenture Trustee will, on the Payment Date relating to each Collection Period, withdraw from the Reserve Account the Reserve Account Draw Amount and the investment income accrued during such Collection Period from the investment of
funds in the Reserve Account and deposit such amounts in the Collection Account. 
  
 (c) The Indenture Trustee will, on the Payment Date relating to each Collection Period, withdraw from the Pre-Funding Account the investment income accrued during such Collection Period from the investment of funds in
the Pre-Funding Account and deposit such amount in the Collection Account. 
  
 (d) The Indenture Trustee will, on each Payment Date, withdraw from the Reserve Account the Reserve Account Excess Amount, if any, for such Payment Date and deposit such amount in the Collection Account. 

 
 (e) On the Closing Date the Seller will deposit, or cause to be deposited
from proceeds of the sale of the Notes, into the Reserve Account an amount equal to the Initial Reserve Account Deposit Amount. 
  
 (f) On each Funding Date, the Seller will deposit into the Reserve Account an amount equal to the Subsequent Reserve Account Deposit Amount for such
Funding Date. 
  
 (g) On or prior to the third Business Day
preceding each Determination Date, the Indenture Trustee shall send a written notice to the Servicer stating the amount of investment income earned, if any, during the related Collection Period on each Trust Account maintained at the Indenture
Trustee. 
  
 SECTION 4.4 Distributions. 

 
 (a) Prior to any acceleration of the Notes pursuant to Section 5.2
of the Indenture, on each Payment Date, the Indenture Trustee (based on information contained in the Servicer’s Certificate delivered on or before the related Determination Date pursuant to Section 3.8) shall make the following deposits
and distributions, to the extent of Available Funds and the Reserve Account Draw Amount, on deposit in the Collection Account for such Payment Date, in the following order of priority: 
  

	 	(1)	first, to the Indenture Trustee and the Owner Trustee, any accrued and unpaid fees (including unpaid Indenture Trustee fees or Owner Trustee 

  

					
	 	 	14	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 fees with respect to prior periods) and any reasonable expenses (including indemnification amounts) not
previously paid by the Servicer; provided, however, that expenses and indemnification amounts payable to the Indenture Trustee and the Owner Trustee pursuant to this clause first and Section 5.4(b)(i) of the Indenture
shall be limited to $150,000 per annum in the aggregate; 
  

	 	(2)	second, to the Servicer, the Servicing Fee and all unpaid Servicing Fees with respect to prior periods; 

  

	 	(3)	third, to the Noteholders of Class A Notes, the Accrued Class A Note Interest due and accrued for the related Interest Period; provided, that if there are not
sufficient funds available to pay the entire amount of the Accrued Class A Note Interest, the amounts available will be applied to the payment of such interest on the Class A Notes on a pro rata basis; 

  

	 	(4)	fourth, to the Principal Distribution Account for distribution to the Noteholders pursuant to Section 8.2(c) of the Indenture, the First Allocation of Principal, if
any; 

  

	 	(5)	fifth, to the Noteholders of the Class B Notes, the Accrued Class B Note Interest due and accrued for the related Interest Period; 

  

	 	(6)	sixth, to the Principal Distribution Account for distribution to the Noteholders in accordance with Section 8.2(c) of the Indenture, the Second Allocation of
Principal, if any; 

  

	 	(7)	seventh, to the Noteholders of Class C Notes, the Accrued Class C Note Interest due and accrued for the related Interest Period; 

  

	 	(8)	eighth, to the Principal Distribution Account for distribution to the Noteholders in accordance with Section 8.2(c) of the Indenture, the Third Allocation of
Principal, if any; 

  

	 	(9)	ninth, to the Noteholders of Class D Notes, the Accrued Class D Note Interest due and accrued for the related Interest Period; 

  

	 	(10)	tenth, to the Principal Distribution Account for distribution to the Noteholders in accordance with Section 8.2(c) of the Indenture, the Fourth Allocation of
Principal, if any; 

  

	 	(11)	eleventh, to the Reserve Account, any additional amounts required to cause the amount in the Reserve Account to equal the Specified Reserve Account Balance;

  

	 	(12)	twelfth, to the Principal Distribution Account for distribution to the Noteholders in accordance with Section 8.2(c) of the Indenture, the Regular Allocation of
Principal, if any; 

  

					
	 	 	15	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

	 	(13)	thirteenth, to the Owner Trustee and the Indenture Trustee, accrued and unpaid fees and reasonable expenses (including indemnification amounts) permitted under this
Agreement, the Trust Agreement and the Indenture, as applicable, which have not been previously paid; and 

  

	 	(14)	fourteenth, to or at the direction of the Residual Interestholder, any funds remaining. 

  
 Notwithstanding any other provision of this Section 4.4, following the occurrence and during the continuation of an Event of Default
which has resulted in an acceleration of the Notes, the Indenture Trustee shall apply all amounts on deposit in the Collection Account pursuant to Section 5.4(b) of the Indenture. 
  
 (b) After the payment in full of the Notes and all other amounts payable under Section 4.4(a), all Collections shall
be paid to or in accordance with the instructions provided from time to time by the Residual Interestholder. 
  
 SECTION 4.5 Net Deposits. If the Monthly Remittance Condition is satisfied, the Servicer shall be permitted to deposit into the Collection
Account only the net amount distributable to Persons other than the Servicer and its Affiliates on the Payment Date. The Servicer shall, however, account as if all of the deposits and distributions described herein were made individually.

  
 SECTION 4.6 Statements to Noteholders and Residual
Interestholders. On or before each Determination Date, the Servicer shall provide to the Residual Interestholders and to the Indenture Trustee (with a copy to each Rating Agency and the Issuer) for the Indenture Trustee to forward or otherwise
make available to each Noteholder of record as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to the extent applicable): 

 
 (a) the aggregate amount being paid on such Payment Date in respect of
interest on and principal of each Class of Notes; 
  
 (b) the
Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class B Note Balance, the Class C Note Balance, the Class D Note Balance and the Note Factor with respect to each Class of Notes, in each case after giving effect to
payments on such Payment Date; 
  
 (c) (i) the amount on deposit
in the Reserve Account and the Specified Reserve Account Balance, each as of the beginning and end of the related Collection Period, (ii) the amount deposited in the Reserve Account in respect of such Payment Date, if any, (iii) the Reserve Account
Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iv) the balance on deposit in the Reserve Account on such Payment Date after giving effect to withdrawals therefrom and
deposits thereto in respect of such Payment Date and (v) the change in such balance from the immediately preceding Payment Date; 
  

					
	 	 	16	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 (d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of
Principal, the Fourth Allocation of Principal and the Regular Allocation of Principal for such Payment Date; 
  
 (e) the Pool Balance and the Pool Factor as of the close of business on the last day of the preceding Collection Period; 
  
 (f) the amount of the Servicing Fee to be paid to the Servicer with respect
to the related Collection Period and the amount of any unpaid Servicing Fees and the change in such amount from that of the prior Payment Date; 
  
 (g) the amount of fees to be paid to the Indenture Trustee and the Owner Trustee with respect to the related Payment Date and the amount of any unpaid
fees to the Indenture Trustee and the Owner Trustee and the change in such amount from that of the prior Payment Date; 
  
 (h) the amount of the Class A Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall, the Class C
Noteholders’ Interest Carryover Shortfall and the Class D Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date; 
  
 (i) the aggregate Repurchase Price with respect to Repurchased Receivables
paid by (i) the Servicer and (ii) the Seller with respect to the related Collection Period; 
  
 (j) the amount on deposit in the Pre-Funding Account (until and including the first Determination Date following the termination of the Funding Period); 
  
 (k) the Delinquency Ratio for the related Collection Period; and 
  
 (l) the Cumulative Net Charge-Off Ratio for the related Collection Period.

  
 Each amount set forth pursuant to clause (a) or (h) above
relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). 
  
 The Indenture Trustee may make available via the Indenture Trustee’s internet website all reports or notices required to be provided by the Indenture
Trustee under this Section 4.6. Any information that is disseminated in accordance with the provisions of this Section 4.6 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no
representation or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor. 
  
 The Indenture Trustee’s internet website shall be initially located at “www.jpmorgan.com/sfr” or at such other address as shall be
specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require
registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. 
  

					
	 	 	17	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 SECTION 4.7 No Duty to Confirm. The Indenture Trustee shall have no duty or obligation to
verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Certificate delivered by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such
Servicer’s Certificate.  
  
 ARTICLE V

  
 THE SELLER 
  
 SECTION 5.1 Representations and Warranties of Seller. The
Seller makes the following representations and warranties as of the Closing Date and as of each Funding Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties speak as of the
execution and delivery of this Agreement and will survive the conveyance of the Transferred Assets to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 
  
 (a) Existence and Power. The Seller is a Delaware limited liability
company 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 Transferred Assets. The Seller 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 Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or
any other part of the Transferred Assets. 
  
 (b) Authorization
and No Contravention. The execution, delivery and performance by the Seller of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Seller and do not contravene or constitute a
default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any indenture or agreement or instrument to which the Seller is a party or 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, individually or in the aggregate, would not materially and adversely affect the transactions contemplated
by, or the Seller’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 Seller 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 Transferred Assets or would not materially and adversely affect the ability of the Seller to perform its obligations under the Transaction
Documents. 
  
 (d) Binding Effect. Each Transaction
Document to which the Seller is a party constitutes the legal, valid and binding obligation of the Seller enforceable against the Seller in 
  

					
	 	 	18	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 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. 
  
 (e) Lien Filings. The
Seller is not aware of any material judgment, ERISA or tax lien filings against the Seller. 
  
 (f) No Proceedings. There are no actions, orders, suits or proceedings pending or, to the knowledge of the Seller, threatened against the Seller before or by any Governmental Authority that (i) assert the
invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction
Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by the Seller of its obligations under this Agreement or any of the other Transaction Documents or the collectibility or enforceability of
the Receivables, or (iv) relate to the Seller that would materially and adversely affect the federal or Applicable Tax State income, excise, franchise or similar tax attributes of the Notes. 
  
 (g) Trade Name. “Capital One Auto Receivables, LLC” is the
only trade name under which the Seller is currently operating its business. For the six (6) years (or such shorter period of time during which the Seller was in existence) preceding the date hereof, the Seller operated its business under the trade
name “Capital One Auto Receivables, LLC”. “Capital One Auto Receivables, LLC” is the name of the Seller indicated on the public record of the Seller’s jurisdiction of organization which shows the Seller to have been
organized. 
  
 (h) Principal Executive Office. Since its
inception, the Seller has maintained its principal executive office in the Commonwealth of Virginia. 
  
 (i) Investment Company Act. The Seller is not an “investment company” that is registered or required to be registered under, or otherwise
subject to the restrictions of the Investment Company Act of 1940, as amended. 
  
 SECTION 5.2 Liability of Seller; Indemnities. The Seller shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement, and
hereby agrees to the following: 
  
 (a) The Seller shall
indemnify, defend, and hold harmless the Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders and the Residual Interestholder from and against any loss, liability or expense incurred by reason of the Seller’s violation of federal
or State securities laws in connection with the registration or the sale of the Notes. 
  
 (b) The Seller will pay any and all taxes levied or assessed upon the Issuer or upon all or any part of the Trust Estate. 
  
 (c) Indemnification under this Section 5.2 will survive the resignation or removal of the Owner Trustee or the Indenture Trustee and the
termination of this Agreement and will 
  

					
	 	 	19	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Seller has made
any indemnity payments pursuant to this Section 5.2 and the Person to or on behalf of whom such payments are made thereafter collects any of such amounts from others, such Person will promptly repay such amounts to the Seller, without
interest. 
  
 (d) The Seller’s obligations under this
Section 5.2 are obligations solely of the Seller and will not constitute a claim against the Seller to the extent that the Seller does not have funds sufficient to make payment of such obligations. In furtherance of and not in derogation of
the foregoing, the Issuer, the Servicer, the Indenture Trustee and the Owner Trustee, by entering into or accepting this Agreement, acknowledge and agree that they have no right, title or interest in or to the Other Assets of the Seller. To the
extent that, notwithstanding the agreements and provisions contained in the preceding sentence, the Issuer, the Servicer, the Indenture Trustee or the Owner Trustee either (i) asserts an interest or claim to, or benefit from, Other Assets, or (ii)
is deemed to have any such interest, claim to, or benefit in or from Other Assets, whether by operation of law, legal process, pursuant to applicable provisions of insolvency laws or otherwise (including by virtue of Section 1111(b) of the
Bankruptcy Code or any successor provision having similar effect under the Bankruptcy Code), then the Issuer, the Servicer, the Indenture Trustee or the Owner Trustee further acknowledges and agrees that any such interest, claim or benefit in or
from Other Assets is and will be expressly subordinated to the indefeasible payment in full, which, under the terms of the relevant documents relating to the securitization or conveyance of such Other Assets, are entitled to be paid from, entitled
to the benefits of, or otherwise secured by such Other Assets (whether or not any such entitlement or security interest is legally perfected or otherwise entitled to a priority of distributions or application under applicable law, including
insolvency laws, and whether or not asserted against the Seller), including the payment of post-petition interest on such other obligations and liabilities. This subordination agreement will be deemed a subordination agreement within the meaning of
Section 510(a) of the Bankruptcy Code. The Issuer, the Servicer, the Indenture Trustee and the Owner Trustee each further acknowledges and agrees that no adequate remedy at law exists for a breach of this Section 5.2(d) and the terms of this
Section 5.2(d) may be enforced by an action for specific performance. The provisions of this Section 5.2(d) will be for the third party benefit of those entitled to rely thereon and will survive the termination of this Agreement.

  
 SECTION 5.3 Merger or Consolidation of, or
Assumption of the Obligations of, Seller. Any Person (i) into which the Seller may be merged or consolidated, (ii) resulting from any merger, conversion, or consolidation to which the Seller is a party, (iii) succeeding to the business of the
Seller, or (iv) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is owned directly or indirectly by Capital One Financial Corporation, which Person in any of the foregoing cases executes an agreement
of assumption to perform every obligation of the Seller under this Agreement, will be the successor to the Seller under this Agreement without the execution or filing of any document or any further act on the part of any of the parties to this
Agreement. Notwithstanding the foregoing, if the Seller enters into any of the foregoing transactions and is not the surviving entity, (x) the Seller shall deliver to the Indenture Trustee an Officer’s Certificate and an Opinion of Counsel each
stating that such merger, conversion, consolidation or succession and such agreement of assumption comply with this Section 5.3 and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been
complied with and (y) the Seller will deliver to the Indenture Trustee an Opinion of Counsel either (A) stating that, in the opinion of such counsel, all 
  

					
	 	 	20	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 financing statements and continuation statements and amendments thereto have been executed and filed that are necessary
fully to preserve and protect the interest of the Issuer and the Indenture Trustee, respectively, in the Receivables, and reciting the details of such filings, or (B) stating that, in the opinion of such counsel, no such action is necessary to
preserve and protect such interest. The Seller will provide notice of any merger, conversion, consolidation, or succession pursuant to this Section 5.3 to the Rating Agencies. Notwithstanding anything herein to the contrary, the execution of
the foregoing agreement of assumption and compliance with clauses (x) and (y) of this Section 5.3 will be conditions to the consummation of any of the transactions referred to in clauses (i), (ii) or (iii) of this Section 5.3 in which
the Seller is not the surviving entity. 
  
 SECTION 5.4
Limitation on Liability of Seller and Others. The Seller and any officer or employee or agent of the Seller may rely in good faith on the advice of counsel or on any document of any kind, prima facie properly executed and submitted by any
Person respecting any matters arising hereunder. The Seller will not be under any obligation to appear in, prosecute, or defend any legal action that is not incidental to its obligations under this Agreement, and that in its opinion may involve it
in any expense or liability. 
  
 SECTION 5.5 Seller May
Own Notes. The Seller, and any Affiliate of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as otherwise
expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes so owned by the Seller or any such Affiliate will have an equal and proportionate benefit under the provisions
of this Agreement and the other Transaction Documents, without preference, priority, or distinction as among all of the Notes. Unless all Notes are owned by the Issuer, the Seller, the Servicer, the Administrator or any of their respective
Affiliates, any Notes owned by the Issuer, the Seller, the Servicer, the Administrator or any of their respective Affiliates shall be disregarded with respect to the determination of any request, demand, authorization, direction, notice, consent,
vote or waiver hereunder or under any other Transaction Document. 
  
 SECTION 5.6 Sarbanes-Oxley Act Requirements. To the extent any documents are required to be filed or any certification is required to be made with respect to the Issuer or the Notes pursuant to the Sarbanes-Oxley Act, the
Issuer hereby authorizes the Servicer and the Seller, or either of them, to prepare, sign, certify and file any such documents or certifications on behalf of the Issuer. 
  
 SECTION 5.7 Compliance with Organizational Documents. The Seller shall comply with its limited liability
company agreement and other organizational documents. 
  
 SECTION 5.8 Perfection Representations, Warranties and Covenants. The Seller hereby makes the perfection representations, warranties and covenants attached hereto as Exhibit D to the Issuer and the Indenture Trustee and
the Issuer shall be deemed to have relied on such representations, warranties and covenants in acquiring the Transferred Assets. 
  

					
	 	 	21	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 ARTICLE VI 
  
 THE SERVICER 
  
 SECTION 6.1 Representations of Servicer. The Servicer makes the following representations and warranties as of the Closing Date and as of
each Funding Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties speak as of the execution and delivery of this Agreement and will survive the conveyance of the Transferred
Assets to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 
  
 (a) Existence and Power. The Servicer is a Texas 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 which
affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets. The Servicer 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 Servicer to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets. 
  
 (b) Authorization and No Contravention. The execution, delivery and
performance by the Servicer of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Servicer 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 Servicer is a party or by which its properties are bound, in each case, 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, individually or if the aggregate, would not materially and adversely affect the transactions contemplated by, or
the Servicer’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 Servicer 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 or approvals, authorizations or filings which will be made on a timely basis 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 would not materially and adversely affect the ability of the Servicer to perform its
obligations under the Transaction Documents. 
  
 (d) Binding
Effect. Each Transaction Document to which the Servicer is a party constitutes the legal, valid and binding obligation of the Servicer enforceable against the Servicer 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 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. 
  

					
	 	 	22	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 (e) No Proceedings. There are no actions, suits or proceedings pending or, to the knowledge of the
Servicer, threatened against the Servicer before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance of the Notes or the
consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by the Servicer of its obligations
under this Agreement or any of the other Transaction Documents, or (iv) relate to the Servicer that would materially and adversely affect the federal or Applicable Tax State income, excise, franchise or similar tax attributes of the Notes.

  
 SECTION 6.2 Indemnities of Servicer. The
Servicer will be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Servicer under this Agreement, and hereby agrees to the following: 
  
 (a) The Servicer will defend, indemnify and hold harmless the Issuer, the Owner Trustee, the Indenture Trustee, the
Noteholders, the Residual Interestholders and the Seller from and against any and all costs, expenses, losses, damages, claims and liabilities, arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof
of a Financed Vehicle. 
  
 (b) The Servicer will indemnify, defend
and hold harmless the Issuer, the Owner Trustee and the Indenture Trustee from and against any taxes that may at any time be asserted against any such Person with respect to the transactions contemplated herein or in the other Transaction Documents,
if any, including, without limitation, any sales, gross receipts, general corporation, tangible personal property, privilege, or license taxes (but, in the case of the Issuer, not including any taxes asserted with respect to, and as of the date of,
the conveyance of the Receivables to the Issuer or the issuance and original sales of the Notes, or asserted with respect to ownership of the Receivables, or federal or other Applicable Tax State income taxes arising out of the transactions
contemplated by this Agreement and the other Transaction Documents) and costs and expenses in defending against the same. For the avoidance of doubt, the Servicer will not indemnify for any costs, expenses, losses, claims, damages or liabilities due
to the credit risk of the Obligor and for which reimbursement would constitute recourse for uncollectible Receivables. 
  
 (c) The Servicer will indemnify, defend and hold harmless the Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders, the Residual
Interestholders and the Seller from and against any and all costs, expenses, losses, claims, damages, and liabilities to the extent that such cost, expense, loss, claim, damage, or liability arose out of, or was imposed upon any such Person through,
the negligence, willful misfeasance, or bad faith (other than errors in judgment) of the Servicer in the performance of its duties under this Agreement or any other Transaction Document to which it is a party, or by reason of its failure to perform
its obligations or of reckless disregard of its obligations and duties under this Agreement or any other Transaction Document to which it is a party; provided, however, that the Servicer will not indemnify for any costs, expenses,
losses, claims, damages or liabilities arising from its breach of any covenant for which the repurchase of the affected Receivables is specified as the sole remedy pursuant to Section 2.6 or Section 3.6. 
  

					
	 	 	23	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 (d) The Servicer will indemnify Wilmington Trust Company in its individual capacity and as trustee and
its successors, assigns, directors, officers, employees and agents (the “Indemnified Parties”) from and against, any and all loss, liability, expense, tax, penalty or claim (including reasonable legal fees and expenses) of any kind
and nature whatsoever which may at any time be imposed on, incurred by, or asserted against Wilmington Trust Company in its individual capacity and as trustee or any Indemnified Party in any way relating to or arising out of the Trust Agreement, the
other Transaction Documents, the Trust Estate, the administration of the Trust Estate or the action or inaction of Wilmington Trust Company under the Trust Agreement; provided, however, that the Servicer shall not be liable for or
required to indemnify Wilmington Trust Company from and against any of the foregoing expenses arising or resulting from (i) its own willful misconduct, bad faith or gross negligence, (ii) the inaccuracy of any representation or warranty contained in
Section 7.3 of the Trust Agreement expressly made by Wilmington Trust Company in its individual capacity, (iii) liabilities arising from the failure of Wilmington Trust Company to perform obligations expressly undertaken by it in the last
sentence of Section 6.4 of the Trust Agreement or (iv) taxes, fees or other charges on, based on or measured by, any fees, commissions or compensation received by the Owner Trustee. To the extent not paid by the Servicer, such indemnification
shall be paid in accordance with Section 4.4 of this Agreement or Section 5.4(b) of the Indenture. 
  
 The Servicer will compensate the Indenture Trustee and indemnify the Indenture Trustee to the extent and subject to the conditions set forth in Section
6.7 of the Indenture, except to the extent that any cost, expense, loss, claim, damage or liability arises out of or is incurred in connection with the performance by the Indenture Trustee of the duties of a Successor Servicer hereunder.

  
 (e) Indemnification under this Section 6.2 by COAF (or
any successor thereto pursuant to Section 7.1) as Servicer, with respect to the period such Person was the Servicer, will survive the termination of such Person as Servicer or a resignation by such Person as Servicer as well as the
termination of this Agreement or the resignation or removal of the Owner Trustee or the Indenture Trustee and will include reasonable fees and expenses of counsel and expenses of litigation. If the Servicer has made any indemnity payments pursuant
to this Section 6.2 and the Person to or on behalf of whom such payments are made thereafter collects any of such amounts from others, such Person will promptly repay such amounts to the Servicer, without interest. 
  
 SECTION 6.3 Merger or Consolidation of, or Assumption of the
Obligations of, Servicer. Any Person (i) into which the Servicer may be merged or consolidated, (ii) resulting from any merger, conversion, or consolidation to which the Servicer is a party, (iii) succeeding to the business of the Servicer, or
(iv) any company or other business entity of which Capital One Financial Corporation owns, directly or indirectly, more than 50% of the voting stock or voting power and 50% or more of the economic equity, which Person in any of the foregoing cases
executes an agreement of assumption to perform every obligation of the Servicer under this Agreement, will be the successor to the Servicer under this Agreement without the execution or filing of any paper or any further act on the part of any of
the parties to this Agreement. Notwithstanding the foregoing, if the Servicer enters into any of the foregoing transactions and is not the surviving entity, (x) the Servicer shall deliver to the Indenture Trustee an Officer’s Certificate and an
Opinion of Counsel each stating that such merger, conversion, consolidation, or succession and such agreement of assumption comply with this Section 6.3 and that all 
  

					
	 	 	24	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 conditions precedent provided for in this Agreement relating to such transaction have been complied with and (y) the
Servicer will deliver to the Indenture Trustee an Opinion of Counsel either (A) stating that, in the opinion of such counsel, all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary
fully to preserve and protect the interest of the Issuer and the Indenture Trustee, respectively, in the Receivables, and reciting the details of such filings, or (B) stating that, in the opinion of such counsel, no such action is necessary to
preserve and protect such interests. The Servicer will provide notice of any merger, conversion, consolidation or succession pursuant to this Section 6.3 to the Rating Agencies. Notwithstanding anything herein to the contrary, the execution
of the foregoing agreement of assumption and compliance with clauses (x) and (y) of this Section 6.3 will be conditions to the consummation of any of the transactions referred to in clauses (i), (ii), or (iii) of this Section 6.3 in
which the Servicer is not the surviving entity. 
  
 SECTION 6.4
Limitation on Liability of Servicer and Others. (a) Neither the Servicer nor any of the directors or officers or employees or agents of the Servicer will be under any liability to the Issuer, the Indenture Trustee, the Owner Trustee, the
Noteholders or the Residual Interestholders, except as provided under this Agreement, for any action taken or for refraining from the taking of any action pursuant to this Agreement or for errors in judgment; provided, however, that this provision
will not protect the Servicer or any such Person against any liability that would otherwise be imposed by reason of willful misfeasance or bad faith in the performance of duties or by reason of its failure to perform its obligations or of reckless
disregard of obligations and duties under this Agreement, or by reason of negligence in the performance of its duties under this Agreement (except for errors in judgment). The Servicer and any director, officer or employee or agent of the Servicer
may rely in good faith on any Opinion of Counsel or on any Officer’s Certificate of the Seller or certificate of auditors believed to be genuine and to have been signed by the proper party in respect of any matters arising under this Agreement.

  
 (b) Except as provided in this Agreement, the Servicer will
not be under any obligation to appear in, prosecute, or defend any legal action that is not incidental to its duties to service the Receivables in accordance with this Agreement, and that in its opinion may involve it in any expense or liability;
provided, however, that the Servicer may undertake any reasonable action that it may deem necessary or desirable in respect of this Agreement and the rights and duties of the parties to this Agreement and the interests of the Noteholders and the
Residual Interestholders under this Agreement. In such event, the legal expenses and costs of such action and any liability resulting therefrom will be expenses, costs and liabilities of the Servicer. 
  
 SECTION 6.5 Delegation of Duties. The Servicer may, at any time
without notice or consent, delegate (a) any or all of its duties (including, without limitation, its duties as custodian) under the Transaction Documents to any of its Affiliates or (b) specific duties (including, without limitation, its duties as
custodian) to sub-contractors who are in the business of performing such duties; provided, that no such delegation shall relieve the Servicer of its responsibility with respect to such duties and the Servicer shall remain obligated and liable
to the Issuer and the Indenture Trustee for its duties hereunder as if the Servicer alone were performing such duties. 
  
 SECTION 6.6 COAF Not to Resign as Servicer. Subject to the provisions of Sections 6.3 and 6.5, (a) COAF will not resign from
the obligations and duties hereby imposed 
  

					
	 	 	25	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 on it as Servicer under this Agreement except upon determination that the performance of its duties under this Agreement
by reason of a change in applicable legal requirements is no longer permissible under applicable law and (b) COAF will not assign this Agreement or any of its rights, powers, duties or obligations hereunder. Notice of any such determination
permitting the resignation of COAF will be communicated to the Issuer and the Indenture Trustee at the earliest practicable time (and, if such communication is not in writing, will be confirmed in writing at the earliest practicable time) and any
such determination will be evidenced by an Opinion of Counsel to such effect delivered to the Issuer and the Indenture Trustee concurrently with or promptly after such notice. No such resignation will become effective until a successor Servicer has
assumed the responsibilities and obligations of COAF as Servicer. 
  
 SECTION 6.7 Servicer May Own Notes. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Notes with the same rights as it would have if it were not the
Servicer or an Affiliate thereof, except as otherwise expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes so owned by or pledged to the Servicer or such Affiliate
will have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Notes. 
  
 ARTICLE VII 
  
 TERMINATION OF SERVICER 
  
 SECTION 7.1 Termination of Servicer. 
  
 (a) If a Servicer Termination Event shall have occurred and be continuing, the Indenture Trustee shall, at the direction of a majority of the aggregate outstanding principal amount of the Controlling Class, by notice
given to the Servicer, the Owner Trustee, the Issuer, the Administrator, the Noteholders and each Rating Agency, terminate the rights and obligations of the Servicer under this Agreement with respect to the Receivables. In the event the Servicer is
removed or resigns as Servicer with respect to servicing the Receivables, the Indenture Trustee shall appoint a successor Servicer. Upon the Servicer’s receipt of notice of termination, such Servicer will continue to perform its functions as
Servicer under this Agreement only until the date specified in such termination notice or, if no such date is specified in such termination notice, until receipt of such notice. If a successor Servicer has not been appointed at the time when the
outgoing Servicer ceases to act as Servicer in accordance with this Section, the Indenture Trustee without further action will automatically be appointed the successor Servicer. Notwithstanding the above, the Indenture Trustee, if it is legally
unable or is unwilling to so act, will appoint, or petition a court of competent jurisdiction to appoint a successor Servicer. Any successor Servicer shall be an established institution having a net worth of not less than $100,000,000 and whose
regular business includes the servicing of comparable motor vehicle receivables having an aggregate outstanding principal amount of not less than $50,000,000. 
  

(b) Noteholders holding not less than a majority of the Note Balance of the Controlling Class may waive any Servicer Termination Event. Upon any such
waiver, such Servicer Termination Event shall cease to exist and be deemed to have been cured and not to have occurred, and any Servicer Termination Event arising therefrom shall be deemed to have 
  

					
	 	 	26	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 been cured and not to have occurred for every purpose of this Agreement, but no such waiver shall extend to any prior,
subsequent or other Servicer Termination Event or impair any right consequent thereto. 
  
 (c) If replaced, the Servicer agrees that it will use commercially reasonable efforts at its own expense to effect the orderly and efficient transfer of the servicing of the Receivables to a successor Servicer.

  
 (d) Upon the effectiveness of the assumption by the successor
Servicer of its duties pursuant to this Section 7.1, the successor Servicer shall be the successor in all respects to the Servicer in its capacity as Servicer under this Agreement with respect to the Receivables, and shall be subject to all
the responsibilities, duties and liabilities relating thereto, except with respect to the obligations of the predecessor Servicer that survive its termination as Servicer, including indemnification obligations as set forth in Section 6.2(e).
In such event, the Indenture Trustee and the Owner Trustee are hereby authorized and empowered to execute and deliver, on behalf of the predecessor Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or
accomplish all other acts or things necessary or appropriate to effect the purposes of such termination and replacement of the Servicer, whether to complete the transfer and endorsement of the Receivables and related documents, or otherwise. No
Servicer shall resign or be relieved of its duties under this Agreement, as Servicer of the Receivables, until a newly appointed Servicer for the Receivables shall have assumed the responsibilities and obligations of the resigning or terminated
Servicer under this Agreement. 
  
 (e) In connection with such
appointment, the Indenture Trustee may make such arrangements for the compensation of the successor Servicer out of Available Funds as it and such successor Servicer will agree; provided, however, that no such compensation will be in excess
of the amount paid to the predecessor Servicer under this Agreement. 
  
 SECTION 7.2 Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee will give prompt written notice thereof to the Owner Trustee,
the Issuer, the Administrator, each Rating Agency and to the Noteholders at their respective addresses of record. 
  
 ARTICLE VIII 
  
 OPTIONAL PURCHASE 
  
 SECTION 8.1 Optional Purchase of Trust Estate. The Servicer shall have the right at its option (the “Optional Purchase”) to purchase the Trust Estate from the Issuer on any Payment Date if the aggregate Pool
Balance is less than or equal to 10% of the sum of (i) the initial Pool Balance and (ii) the Initial Pre-Funding Account Deposit Amount divided by 85.50%. The purchase price for the Trust Estate shall equal the Redemption Price (the
“Optional Purchase Price”), which amount shall be deposited by the Servicer into the Collection Account on the Redemption Date. If the Servicer exercises the Optional Purchase, the Notes shall be redeemed and in each case in whole
but not in part on the related Payment Date for the Redemption Price. 
  

					
	 	 	27	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 ARTICLE IX 
  
 MISCELLANEOUS PROVISIONS 
  
 SECTION 9.1 Amendment. 
  
 (a) Any term or provision of this Agreement may be amended by the Seller and the Servicer, but without the consent of the Indenture Trustee, any
Noteholder, the Issuer or the Owner Trustee; provided that such amendment shall not, as evidenced by an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the
Noteholders, the Indenture Trustee or the Owner Trustee; provided, further, that such amendment shall be deemed not to materially and adversely affect the interests of any Noteholder, and no Opinion of Counsel shall be required, if the
Rating Agency Condition is satisfied with respect to such amendment. 
  
 (b) Any term or provision of this Agreement may be amended by the Seller and the Servicer, but without the consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee 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 parties hereto, with the consent of the Noteholders evidencing not less than a majority of the Note Balance, 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 no such amendment shall (i) reduce the interest rate or
principal amount of any Note or delay any Payment Date or the Final Scheduled Payment Date of any Note without the consent of the Holder of such Note or (ii) reduce the percentage of the Note Balance, the Holders of which are required to consent to
any matter without the consent of the Holders of at least the percentage of the Note Balance which were required to consent to such matter before giving effect to such amendment. 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 amendment to this Agreement,
the Servicer shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment or consent, the Servicer shall furnish a copy of such amendment or consent to each
Rating Agency and the Indenture Trustee. 
  
 (e) Prior to the
execution of any amendment to this Agreement, the Seller, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an 
  

					
	 	 	28	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 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, privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents or otherwise without the prior written consent of the Owner Trustee. 
  
 SECTION 9.2 Protection of Title. 
  
 (a) The Seller shall authorize and file such financing statements and cause to be authorized and filed such continuation and
other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Issuer and the Indenture Trustee under this Agreement in the Receivables (other than any Related Security
with respect thereto, to the extent that the interest of the Issuer or the Indenture Trustee therein cannot be perfected by the filing of a financing statement). The Seller shall deliver (or cause to be delivered) to the Issuer file-stamped copies
of, or filing receipts for, any document filed as provided above, as soon as available following such filing. 
  
 (b) Neither the Seller nor the Servicer shall change its name, identity, organizational structure or jurisdiction of organization in any manner that would
make any financing statement or continuation statement filed by the Seller in accordance with paragraph (a) above “seriously misleading” within the meaning of Sections 9-506, 9-507 or 9-508 of the UCC, unless it shall have given the Issuer
and the Indenture Trustee at least five days’ prior written notice thereof and, to the extent necessary, has promptly filed amendments to previously filed financing statements or continuation statements described in paragraph (a) above.

  
 (c) The Seller shall give the Issuer and the Indenture Trustee
at least five days’ prior written notice of any change of location of the Seller for purposes of Section 9-307 of the UCC and shall have taken all action prior to making such change (or shall have made arrangements to take such action
substantially simultaneously with such change, if it is not possible to take such action in advance) reasonably necessary or advisable to amend all previously filed financing statements or continuation statements described in paragraph (a)
above. 
  
 (d) The Servicer shall maintain (or shall cause its
Sub-Servicer to maintain) accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time the status of such Receivable, including payments and recoveries made and payments owing
(and the nature of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the amounts from time to time deposited in the Collection Account in respect of such Receivable. 
  
 (e) The Servicer shall maintain (or shall cause its Sub-Servicer to maintain)
its computer systems so that, from time to time after the conveyance under this Agreement of the Receivables, the master computer records (including any backup archives) that refer to a Receivable shall indicate clearly the interest of the Issuer in
such Receivable and that such 
  

					
	 	 	29	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 Receivable is owned by the Issuer and has been pledged to the Indenture Trustee on behalf of the Indenture Secured
Parties pursuant to the Indenture. Indication of the Issuer’s and the Indenture Trustee’s interest in a Receivable shall not be deleted from or modified on such computer systems until, and only until, the related Receivable shall have been
paid in full or repurchased. 
  
 (f) If at any time the Servicer
shall propose to sell, grant a security interest in or otherwise transfer any interest in motor vehicle receivables to any prospective purchaser, lender or other transferee, the Servicer shall give to such prospective purchaser, lender or other
transferee computer tapes, records or printouts (including any restored from backup archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly that such Receivable has been sold and is owned by the Issuer
and has been pledged to the Indenture Trustee on behalf of the Indenture Secured Parties. 
  
 SECTION 9.3 Other Liens or Interests. Except for the conveyances and grants of security interests pursuant to this Agreement and the other Transaction Documents, the Seller shall not sell, pledge, assign
or transfer the Receivables or other property transferred to the Issuer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any interest therein, and the Seller shall defend the right, title and interest of the Issuer
in, to and under such Receivables and other property transferred to the Issuer against all claims of third parties claiming through or under the Seller. 
  
 SECTION 9.4 Transfers Intended as Sale; Security Interest. 
  
 (a) Each of the parties hereto expressly intends and agrees that the transfers contemplated and effected under this
Agreement are complete and absolute sales and transfers rather than pledges or assignments of only a security interest and shall be given effect as such for all purposes. It is further the intention of the parties hereto that the Receivables and
related Transferred Assets shall not be part of the Seller’s estate in the event of a bankruptcy or insolvency of the Seller. The sales and transfers by the Seller of Receivables and related Transferred Assets hereunder are and shall be without
recourse to, or representation or warranty (express or implied) by, the Seller, except as otherwise specifically provided herein. The limited rights of recourse specified herein against the Seller are intended to provide a remedy for breach of
representations and warranties relating to the condition of the property sold, rather than to the collectibility of the Receivables. 
  
 (b) Notwithstanding the foregoing, in the event that the Receivables and other Transferred Assets are held to be property of the Seller, or if for any
reason this Agreement is held or deemed to create indebtedness or a security interest in the Receivables and other Transferred Assets, then it is intended that: 
  

	 	(i)	This Agreement shall be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York Uniform Commercial Code and the Uniform Commercial Code of any other
applicable jurisdiction; 

  

	 	(ii)	The conveyance provided for in Section 2.1 shall be deemed to be a grant by the Seller, and the Seller hereby grants, to the Issuer of a security interest in all of its right
(including the power to convey title thereto), title 

  

					
	 	 	30	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 and interest, whether now owned or hereafter acquired, in and to the Receivables and other Transferred
Assets, to secure such indebtedness and the performance of the obligations of the Seller hereunder; 
  

	 	(iii)	The possession by the Issuer, or the Servicer as the Issuer’s agent, of the Receivables Files and any other property as constitute instruments, money, negotiable documents or
chattel paper shall be deemed to be “possession by the secured party” or possession by the purchaser or a person designated by such purchaser, for purposes of perfecting the security interest pursuant to the New York Uniform Commercial
Code and the Uniform Commercial Code of any other applicable jurisdiction; and 

  

	 	(iv)	Notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed to be notifications to, or
acknowledgments, receipts or confirmations from, bailees or agents (as applicable) of the Issuer for the purpose of perfecting such security interest under applicable law. 

  
 SECTION 9.5 Information Requests. The parties hereto shall provide any information reasonably requested by the
Servicer, the Issuer, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 
  
 SECTION 9.6 Notices, Etc. All demands, notices and
communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile, and addressed in each case as set
forth on Schedule II or at such other address as shall be designated in a written notice to the other parties hereto. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address
of such Noteholder as shown in the Note Register. Delivery shall occur only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices
hereunder; provided, however, that any notice to a Noteholder mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 
  
 SECTION 9.7 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT EXCLUDING TO THE MAXIMUM EXTENT PERMITTED BY LAW ALL OTHER 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. 
  
 SECTION 9.8 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. 
  

					
	 	 	31	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 SECTION 9.9 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. 
  
 SECTION 9.10 Waivers. No failure or delay on the part of the Servicer, the Seller, the Issuer or the Indenture Trustee in exercising any
power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the
exercise of any other power or right. No notice to or demand on any party hereto in any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by any party hereto under this Agreement shall, except as
may otherwise be stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval under this Agreement shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder. 
  
 SECTION 9.11 Entire Agreement. The Transaction Documents
contain a final and complete integration of all prior expressions by the parties hereto with respect to the subject matter thereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof,
superseding all prior oral or written understandings. There are no unwritten agreements among the parties. 
  
 SECTION 9.12 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. 
  
 SECTION 9.13 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement shall create and constitute the continuing
obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree. 
  
 SECTION 9.14 Acknowledgment and Agreement. By execution below, the Seller expressly acknowledges and consents to the pledge, assignment and
grant of a security interest in the Receivables and the other Transferred Assets by the Issuer to the Indenture Trustee on behalf of the Indenture Secured Parties pursuant to the Indenture for the benefit of the Indenture Secured Parties. In
addition, the Seller hereby acknowledges and agrees that for so long as the Notes are outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Issuer under this Agreement. 
  
 SECTION 9.15 Cumulative Remedies. The remedies herein provided
are cumulative and not exclusive of any remedies provided by law. 
  
 SECTION 9.16 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 
  

					
	 	 	32	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 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. This Section shall survive the termination of this Agreement. 
  
 SECTION 9.17 Submission to Jurisdiction; Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally:

  
 (a) 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; 
  
 (b) 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; 
  
 (c) 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 9.6 of this Agreement; 
  
 (d) 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; and 
  
 (e) to the extent permitted by
applicable law, each party hereto irrevocably waives all right of trial by jury in any action, proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising
hereunder or thereunder. 
  
 SECTION 9.18 Limitation of
Liability. 
  
 (a) 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 
  

					
	 	 	33	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 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. 
  
 (b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by JPMorgan Chase Bank, N.A., not in its
individual capacity but solely as Indenture Trustee, and in no event shall it have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer 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; provided that the Indenture Trustee shall be responsible for its actions as
Indenture Trustee hereunder and under the Indenture. Under no circumstances shall the Indenture 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 Indenture Trustee shall be subject to, and
entitled to the benefits of, the terms and provisions of Article VI of the Indenture. 
  
 SECTION 9.19 Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto, the Noteholders and the Residual Interestholders and their respective
successors and permitted assigns and the Owner Trustee shall be an express third party beneficiary hereof and may enforce the provisions hereof as if it were a party hereto. Except as otherwise provided in this Section, no other Person will have any
right hereunder. 
  
 [SIGNATURES FOLLOW] 
  

					
	 	 	34	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 IN WITNESS WHEREOF, the parties have caused this Sale and Servicing Agreement to be duly executed by
their respective officers thereunto duly authorized as of the day and year first above written. 
  

			
	CAPITAL ONE AUTO RECEIVABLES, LLC, as Seller
		
	By:	 	 /s/ Albert A. Ciafre

	Name:	 	Albert A. Ciafre
	Title:	 	Assistant Vice President

  
  

					
	 	 	S-1	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

			
	CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS, as Issuer
		
	By:	 	WILMINGTON TRUST COMPANY,
	 	 	not in its individual capacity but
	 	 	solely as Owner Trustee
		
	By:	 	 /s/ Michele C. Harra

	Name:	 	Michele C. Harra
	Title:	 	Financial Services Officer

  
  

					
	 	 	S-2	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

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

	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President

  

					
	 	 	S-3	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

			
	 JPMORGAN CHASE BANK, N.A., not in its individual
 capacity but solely as Indenture Trustee

		
	By:	 	 /s/ Aranka R. Paul

	Name:	 	Aranka R. Paul
	Title:	 	Assistant Vice President

  

					
	 	 	S-4	 	 Sale and Servicing Agreement (2005-B-SS)
 (Senior/Sub)

 SCHEDULE I 
  

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE RECEIVABLES 
  

	(a)	Characteristics of Receivables. As of its respective Cut-Off Date (or such other date as may be specifically set forth below), each Receivable: 

  
 (i) has been fully and properly executed or electronically
authenticated by the Obligor thereto; 
  
 (ii)
has been originated directly by the Originator in accordance with its customary origination practices; 
  
 (iii) as of the Closing Date or Subsequent Funding Date, as applicable, is secured by a first priority validly perfected security interest
in the Financed Vehicle in favor of the applicable Originator, as secured party, or all necessary actions with respect to the Receivable has been taken or will be taken to perfect a first priority security interest in the Financed Vehicle in favor
of the applicable Originator, as secured party, which security interest, in either case, is assignable and has been so assigned by COAF to the Seller and by the Seller to the Issuer; 
  
 (iv) contains customary and enforceable provisions such that the rights and remedies of the holder thereof
are adequate for realization against the collateral of the benefits of the security; 
  
 (v) provided, at origination, for level monthly payments which fully amortize the initial Principal Balance over the original term;
provided, that the amount of the first or last payment may be different from the level payment but in no event more than three times the level monthly payment; 
  
 (vi) provides for interest at the Contract Rate specified in the Schedule of Receivables; 
  
 (vii) was originated in the United States and denominated in
Dollars; 
  
 (viii) is secured by a new or used
automobile or light-duty truck; 
  
 (ix) has a
Contract Rate of at least 3.00%; 
  
 (x) had an
original term to maturity of not more than 72 months and each Receivable has a remaining term to maturity, as of its respective Cut-Off Date, of not more than 72 months and not less than 6 months; 
  
 (xi) had an original Principal Balance of at least $3,000
and no more than $50,000; 
  

					
	 	 	I-1	 	 Schedule I to the
 Sale and Servicing Agreement
 (Senior/Sub)

 (xii) has a Principal Balance on its respective Cut-Off Date of greater than or equal to
$500; 
  
 (xiii) has a final Scheduled Payment
due on or before August 31, 2011; 
  
 (xiv) was
not more than 30 days past due as of its Cut-Off Date; 
  
 (xv) the Originator has not received notice that the related Obligor has filed for bankruptcy, and to the best of the Originator’s knowledge without any independent investigation, the related Obligor was not the subject of any pending
bankruptcy or insolvency proceeding; 
  
 (xvi) is
not subject to a force-placed Insurance Policy on the related Financed Vehicle; 
  
 (xvii) is a Simple Interest Receivable, and scheduled payments under each Receivable have been applied in accordance with the method for
allocating principal and interest set forth in such Receivable; and 
  
 (xviii) was selected using no materially adverse selection procedures. 
  

	(b)	Schedule of Receivables. The information with respect to a Receivable transferred on the Closing Date or on any Funding Date set forth in the Schedule of Receivables for such
date was true and correct in all material respects as of the Cut-Off Date for such Receivable. 

  

	(c)	Compliance with Law. The Receivable complied at the time it was originated or made, and the transfer of that Receivable to the Issuer complied at the time of transfer, in all
material respects with all requirements of applicable federal, state and local laws, and regulations thereunder, including, to the extent applicable, usury laws, the Federal Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit
Reporting Act, the Federal Trade Commission Act, the Fair Debt Collection Practices Act, the Fair Credit Billing Act, the Magnuson-Moss Warranty Act, Federal Reserve Board Regulations B and Z, the Servicemembers Civil Relief Act, state adaptations
of the National Consumer Act and of the Uniform Consumer Credit Code and any other consumer credit, equal opportunity and disclosure laws applicable to that Receivable. 

  

	(d)	Binding Obligation. The Receivable constitutes the legal, valid and binding payment obligation in writing of the Obligor, enforceable by the holder thereof in accordance with
its terms, except (i) as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, liquidation or other similar laws and equitable principles relating to or affecting the enforcement of creditors’ rights generally and
(ii) as such Receivable may be modified by the application after the applicable Cut-Off Date of the Servicemembers Civil Relief Act, as amended, to the extent applicable to the related Obligor. 

  

					
	 	 	I-2	 	 Schedule I to the
 Sale and Servicing Agreement

	(e)	Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor has the related Financed Vehicle been released from the lien of such Receivable in
whole or in part.  

  

	(f)	No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the applicable Cut-Off Date, the Seller has no knowledge that a
default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the applicable Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach,
violation or event permitting acceleration under the terms of the Receivable had arisen as of the applicable Cut-Off Date and the Seller has not waived any of the foregoing. 

  

	(g)	Insurance. The Receivable requires that the Obligor thereunder obtain comprehensive and collision insurance covering the related Financed Vehicle.

  

	(h)	No Government Obligor. The Obligor on the Receivable is not the United States of America or any state thereof or any local government, or any agency, department, political
subdivision or instrumentality of the United States of America or any state thereof or any local government. 

  

	(i)	Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer, assignment, setting over, conveyance or
pledge of such Receivable would be unlawful, void, or voidable. COAF has not entered into any agreement with any Obligor that prohibits, restricts or conditions the assignment of the related Receivable. 

  

	(j)	Good Title. It is the intention of the Seller that the sale, transfer, assignment and conveyance herein contemplated constitute an absolute sale, transfer, assignment and
conveyance of the Receivables and that the Receivables not be part of the Seller’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law. As of the Closing Date or Funding Date, as
applicable, no Receivable has been sold, transferred, assigned, conveyed or pledged to any Person other than pursuant to the Transaction Documents. As of the Closing Date or Funding Date, as applicable, and immediately prior to the sale and transfer
herein contemplated, the Seller had good and marketable title to and was the sole owner of each Receivable free and clear of all Liens (except any Lien which will be released prior to assignment of such Receivable hereunder), and, immediately upon
the sale and transfer thereof, the Issuer will have good and marketable title to each Receivable, free and clear of all Liens. 

  

	(k)	Filings. All filings (including, without limitation, UCC filings) necessary in any jurisdiction to give the Issuer a first priority, validly perfected ownership interest in
the Receivables (other than any Related Security with respect thereto, to the extent that an ownership interest therein cannot be perfected by the filing of a financing statement), and to give the Indenture Trustee a first priority perfected
security interest therein, will be made within ten days of the Closing Date. 

  

					
	 	 	I-3	 	 Schedule I to the
 Sale and Servicing Agreement

	(l)	Priority. The Receivable is not pledged, assigned, sold, subject to a security interest, or otherwise conveyed other than pursuant to the Transaction Documents. The Seller
has not authorized the filing of and is not aware of any financing statements against any Originator or the Seller that include a description of collateral covering any Receivable other than any financing statement relating to security interests
granted under the Transaction Documents or that have been or, prior to the assignment of such Receivable hereunder, will be terminated, amended or released. The Sale and Servicing Agreement creates a valid and continuing security interest in the
Receivable (other than the Related Security with respect thereto) in favor of the Issuer which security interest is prior to all other Liens and is enforceable as such against all other creditors of and purchasers and assignees from the
Seller. 

  

	(m)	Characterization of Receivables. Each Receivable constitutes either “electronic chattel paper,” “tangible chattel paper,”,” an “account,”
an “instrument,” or a “general intangible,” each as defined in the UCC. 

  

	(n)	One Original. There is only one executed original, electronically authenticated original or authoritative copy of the Contract (in each case within the meaning of the UCC)
related to each Receivable. 

  

	(o)	No Defenses. As of the related Cut-Off Date, there are no rights of rescission, offset, claim, counterclaim or defense, and the Seller has no knowledge of the same being
asserted or threatened, with respect to any Receivable. 

  

					
	 	 	I-4	 	 Schedule I to the
 Sale and Servicing Agreement

 SCHEDULE II 
  
 NOTICE ADDRESSES 
  
 If to the Issuer: 
  
 Capital One Auto Finance Trust 2005-B-SS 
 c/o Wilmington Trust Company 
 1100 North Market Street 
 Rodney Square North, Wilmington, Delaware
19890-0001 
 Facsimile: (302) 636-4140 
 Attention: Corporate
Trust Department 
  
 with copies to the Administrator and the Indenture Trustee

  
 If to COAF, the Servicer or the Administrator: 
  
 Capital One Auto Finance, Inc. 
 1680 Capital One Drive 
 McLean, Virginia 22102 
 Facsimile: (703) 720-2121 
 Attention: Manager of Securitization 
  
 with copies to: 
  
 Capital One Auto Finance, Inc. 
 1680 Capital
One Drive 
 McLean, Virginia 22102 
 Facsimile: (703) 720-2227

 Attention: Funding Counsel 
  
 Capital One Auto Finance, Inc. 
 3901 N. Dallas Parkway 
 Plano, Texas 75093 
 Facsimile: (888) 722-8255 
 Attention: Chief Financial Officer 
  
 Capital One Auto Finance, Inc. 
 3901 N. Dallas Parkway 
 Plano, Texas 75093 
 Facsimile: (866) 722-6341 
 Attention: Legal 
  

					
	 	 	II-1	 	 Schedule II to the
 Sale and Servicing Agreement

 If to the Seller: 
  
 Capital One Auto Receivables, LLC 
 140 E. Shore Drive 
 Room 1052-D 
 Glen Allen, Virginia 23059 
 Facsimile: (804) 290-6666 
 Telephone: (804) 290-6736 
 Attention: Capital Markets 
  
 with a copy to: 
  
 Capital One Auto Finance,
Inc. 
 1680 Capital One Drive 
 McLean, Virginia 22102

 Facsimile No. (703) 720-2227 
 Attention: Funding Counsel

  
 If to the Indenture Trustee: 
  
 JPMorgan Chase Bank, N.A. 
 4 New York Plaza, 6th Floor 
 New York, New York 10004-2477 
 Facsimile: (212) 623-5600 
 Attention: Institutional Trust Services/Global Debt – Capital One Auto Finance Trust 2005-B-SS 
  
 If to the Owner Trustee: 
  
 Wilmington Trust Company 
 1100 North Market Street 
 Rodney Square North, Wilmington, Delaware 19890-0001 
 Facsimile: (302)
636-4140 
 Attention: Corporate Trust Department 
  
 If to Moody’s: 
  
 Moody’s Investors Service, Inc. 
 99 Church Street 
 New York, New York 10007 
 Facsimile: (212) 298-7139) 
 Attention: ABS Monitoring Group, 4th Floor 
  

					
	 	 	II-2	 	 Schedule II to the
 Sale and Servicing Agreement

 If to S&P: 
  
 Standard & Poor’s Ratings Services 
 55 Water Street 
 New York, New York 10041 
 Facsimile: (212) 438-2664 
 Attention: Asset Backed Surveillance Group 
  
 If to Fitch: 
  
 Fitch, Inc. 
 One State Street Plaza, 32nd Floor 
 New York, New York 10004 
 Facsimile: (212) 480-4438 
 Attention: Asset-Backed Securities Group

  

					
	 	 	II-3	 	 Schedule II to the
 Sale and Servicing Agreement

 EXHIBIT A 
  
 NOTICE OF FUNDING DATE 
  
 In accordance with the Indenture dated as of June 2, 2005 (as amended or supplemented from time to time, the “Indenture”) by and between
Capital One Auto Finance Trust 2005-B-SS (the “Issuer”), and JPMorgan Chase Bank, N.A., as indenture trustee (the “Indenture Trustee”), the undersigned hereby gives notice of the Funding Date to occur on or before
[        ], 2005 for each of the Receivables listed on the Schedule of Receivables attached hereto as Schedule 1. Unless otherwise defined herein, capitalized terms have the meanings set forth in
Appendix A to the Sale and Servicing Agreement dated as of June 2, 2005 by and between the Issuer, the Indenture Trustee, Capital One Auto Finance, Inc. and Capital One Auto Receivables, LLC, as Seller (the “Seller”). 
  
 Such Subsequent Receivables represent the following amounts: 
  

				
	 Aggregate Principal Balance of Subsequent Receivables as of the Subsequent Cut-Off Date:
	  	$	__________________
	 Amount to be wired to or at the direction of the Seller in payment for such Subsequent Receivables:
	  	$	__________________
		
	 Subsequent Cut-Off Date:
                    , 2005
	  	 	 

  
 The undersigned hereby
certifies that, in connection with the Funding Date specified above, the undersigned has complied with all terms and provisions specified in Section 2.5 of the Sale and Servicing Agreement, including, but not limited to, delivery of the
Officer’s Certificate, as specified therein. 
  

			
	 Date:
                    , 2005

	
	 CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS

		
	 By:
	 	 Capital One Auto Finance, Inc., as Administrator

		
	 By:
	 	  

  
  

					
	 	 	A-1	 	 Exhibit A to the
 Sale and Servicing Agreement

 EXHIBIT B 
  
 JOINT OFFICER’S CERTIFICATE 
  
 re: Funding Date 
  
 CAPITAL ONE AUTO FINANCE, INC. 
 CAPITAL ONE AUTO RECEIVABLES, LLC 
 CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS 
  
 This Officer’s Certificate is being delivered in accordance with Section 2.5 of that certain Sale and Servicing Agreement dated as of June 2,
2005 (as amended, modified or supplemented from time to time, the “Sale and Servicing Agreement”) by and between Capital One Auto Finance Trust 2005-B-SS (the “Issuer”), Capital One Auto Receivables, LLC (the
“Seller”), Capital One Auto Finance, Inc. (the “Servicer”) and JPMorgan Chase Bank, N.A. (the “Indenture Trustee”). Terms not otherwise defined herein shall have the meanings ascribed thereto in
Appendix A to the Sale and Servicing Agreement. Reference is hereby made to the Funding Date to occur on                     , 2005
(the “Subject Funding Date”). 
  
 By his or her
signature below, each of the undersigned officers on behalf of the Servicer, the Seller, and the Issuer, as the case may be, certifies that: 
  
 (a) the representations and warranties of the Seller contained in Section 2.2 of the Sale and Servicing Agreement with respect to the Subsequent
Receivables to be acquired on the Subject Funding Date are true and correct as of the applicable date set forth on Schedule I to the Sale and Servicing Agreement; 
  
 (b) the representations and warranties of the Seller contained in Section 5.1 of the Sale and Servicing Agreement are
true and correct as of the date hereof; 
  
 (c) the
representations and warranties of the Servicer set forth in Section 6.1 of the Sale and Servicing Agreement are true and correct as of the date hereof; and 
  
 (d) the requirements stated in Section 2.5 of the Sale and Servicing Agreement regarding the Subsequent Receivables
to be acquired on the Subject Funding Date have been met. 
  

					
	 	 	B-1	 	 Exhibit B to the
 Sale and Servicing Agreement

			
	Date:                     , 2005
	
	CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS
		
	By:	 	Capital One Auto Finance, Inc., as Administrator
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	CAPITAL ONE AUTO FINANCE, INC.
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	CAPITAL ONE AUTO RECEIVABLES, LLC
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  
  

					
	 	 	B-2	 	 Exhibit B to the
 Sale and Servicing Agreement

 EXHIBIT C 
  
 ASSIGNMENT PURSUANT TO SALE AND SERVICING AGREEMENT 
  
 [Date] 
  
 For value received, in accordance with the Sale and Servicing Agreement (the “Agreement”), dated as of June 2, 2005, by and between
Capital One Auto Finance Trust 2005-B-SS, a Delaware statutory trust (the “Issuer”), Capital One Auto Receivables, LLC, a Delaware limited liability company (the “Seller”), Capital One Auto Finance, Inc., a Texas
corporation (“COAF”), and JPMorgan Chase Bank, N.A. (the “Indenture Trustee”), on the terms and subject to the conditions set forth in the Agreement, the Seller does hereby irrevocably sell, transfer, assign and
otherwise convey to the Issuer without recourse (subject to the obligations in the Agreement) on the date hereof, all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the Receivables set forth on the
schedule of Receivables delivered by the Seller to the Issuer on the date hereof (such schedule, together with any other Schedule of Receivables delivered by Seller to the Issuer pursuant to the Agreement, the “Schedule of
Receivables”), and the Collections after the related Cut-Off Date and the Related Security relating thereto, together with all of Seller’s rights under the Purchase Agreement and all proceeds of the foregoing, which sale shall be
effective as of such Cut-Off Date. 
  
 The foregoing sale does not
constitute and is not intended to result in an assumption by the Issuer of any obligation of the Seller or any Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables or the other assets and
properties conveyed hereunder or any agreement, document or instrument related thereto. 
  
 This assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Agreement and is governed by the Agreement. 
  
 Capitalized terms used herein and not otherwise defined shall have the
meaning assigned to them in the Agreement. 
  
 IN WITNESS HEREOF,
the undersigned has caused this assignment to be duly executed as of the date first above written. 
  

			
	 CAPITAL ONE AUTO RECEIVABLES, LLC

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  

					
	 	 	C-1	 	 Exhibit C to the
 Sale and Servicing Agreement

 EXHIBIT D 
  
 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 
  
 In addition to the representations, warranties and covenants contained in the Agreement, the Seller hereby represents, warrants, and covenants to the
Issuer and the Indenture Trustee as follows on the Closing Date and on each Funding Date: 
  
 General 
  
 1. This Agreement creates a
valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Transferred Assets in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such as against
creditors of and purchasers from the Seller. 
  
 2. The Receivables constitute
“chattel paper” (including “electronic chattel paper” or “tangible chattel paper”), “accounts,” “instruments” or “general intangibles,” within the meaning of the UCC. 
  
 3. Each Receivable is secured by a first priority validly perfected security interest in the
related Financed Vehicle in favor of the applicable Originator, as secured party, or all necessary actions with respect to such Receivable have been taken or will be taken to perfect a first priority security interest in the related Financed Vehicle
in favor of the applicable Originator, as secured party. 
  
 Creation 
  
 4. Immediately prior to the sale, transfer,
assignment and conveyance of a Receivable by the Seller to the Issuer, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such
Receivable to the Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any Lien. 
  
 5. The Originator has received all consents and approvals to the sale of the Receivables hereunder to the Issuer required by the terms of the Receivables that constitute
instruments. 
  
 Perfection 
  
 6. The Seller has caused or will have caused, within ten days after the effective date of
this Agreement, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the sale of the Receivables from the Seller to Issuer, and the security interest
in the Receivables granted to the Issuer hereunder; and the Servicer, in its capacity as custodian, has in its possession the original copies of such instruments or tangible chattel paper that constitute or evidence the Receivables, and all
financing statements referred to in this paragraph contain a statement that: “A purchase of or security interest in any collateral described in this financing statement will violate the rights of the Secured Party”. 
  

					
	 	 	D-1	 	 Exhibit D to the
 Sale and Servicing Agreement

 7. With respect to Receivables that constitute instruments or tangible chattel paper, either: 
  
 (i) All original executed copies of each such instrument or tangible chattel
paper have been delivered to the Indenture Trustee; or 
  
 (ii)
Such instruments or tangible chattel paper are in the possession of the Servicer and the Indenture Trustee has received a written acknowledgment from the Servicer that the Servicer, in its capacity as custodian, is holding such instruments or
tangible chattel paper solely on behalf and for the benefit of the Indenture Trustee; or 
  
 (iii) The Servicer received possession of such instruments or tangible chattel paper after the Indenture Trustee received a written acknowledgment from the Servicer that the Servicer is acting solely as agent of the
Indenture Trustee. 
  
 Priority 
  
 8. Neither the Seller nor COAF has authorized the filing of, or is aware of any financing
statements against either the Seller or COAF that include a description of collateral covering the Receivables other than any financing statement (i) relating to the conveyance of the Receivables by COAF to the Seller under the Purchase Agreement,
(ii) relating to the security interest granted to Issuer hereunder or (iii) that has been terminated. 
  
 9. Neither the Seller nor COAF is aware of any material judgment, ERISA or tax lien filings against either the Seller or COAF. 
  

10. Neither the Seller nor COAF nor a custodian or vaulting agent thereof holding any Receivable that is electronic chattel paper has communicated an authoritative
copy of any loan agreement that constitutes or evidences such Receivable to any Person other than the Servicer. 
  
 11. None of the instruments, tangible chattel paper or electronic chattel paper that constitute or evidence the Receivables has any marks or notations indicating that
they have been pledged, assigned or otherwise conveyed to any Person other than the Seller, the Issuer or the Indenture Trustee. 
  
 12. Survival of Perfection Representations. Notwithstanding any other provision of the Sale and Servicing Agreement or any other Transaction Document, the
perfection representations, warranties and covenants contained in this Exhibit D shall be continuing, and remain in full force and effect until such time as all obligations under the Transaction Documents and the Notes have been finally and fully
paid and performed. 
  
 13. No Waiver. The parties to the Sale and
Servicing Agreement shall provide the Rating Agencies with prompt written notice of any breach of the perfection representations, warranties and covenants contained in this Exhibit D, and shall not, without satisfying the Rating Agency Condition,
waive a breach of any of such perfection representations, warranties or covenants. 
  
 14. Servicer to Maintain Perfection and Priority. The Servicer covenants that, in order to evidence the interests of the Seller and Issuer under the Sale and Servicing Agreement and the Indenture Trustee under the Indenture, Servicer
shall take such action, or execute and deliver 
  

					
	 	 	D-2	 	 Exhibit D to the
 Sale and Servicing Agreement

 such instruments as may be necessary or advisable (including, without limitation, such actions as are requested by the
Indenture Trustee) to maintain and perfect, as a first priority perfected security interest, the Indenture Trustee’s security interest in the Receivables. The Servicer shall, from time to time and within the time limits established by law,
prepare and file, all financing statements, amendments, continuations, initial financing statements in lieu of a continuation statement, terminations, partial terminations, releases or partial releases, or any other filings necessary or advisable to
continue, maintain and perfect the Indenture Trustee’s security interest in the Receivables as a first-priority perfected security interest (each a “Filing”). 
  

					
	 	 	D-3	 	 Exhibit D to the
 Sale and Servicing Agreement

 APPENDIX A 
  
 DEFINITIONS 
  
 The following terms have the meanings set forth, or referred to, below: 
  
 “Accrued Class A Note Interest” shall mean, with respect to any Payment Date, the sum of the Class A
Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date. 
  
 “Accrued Class B Note Interest” shall mean, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Accrued
Interest for such Payment Date and the Class B Noteholders’ Interest Carryover Shortfall for such Payment Date. 
  
 “Accrued Class C Note Interest” shall mean, with respect to any Payment Date, the sum of the Class C Noteholders’ Monthly Accrued
Interest for such Payment Date and the Class C Noteholders’ Interest Carryover Shortfall for such Payment Date. 
  
 “Accrued Class D Note Interest” shall mean, with respect to any Payment Date, the sum of the Class D Noteholders’ Monthly Accrued
Interest for such Payment Date and the Class D Noteholders’ Interest Carryover Shortfall for such Payment Date. 
  
 “Act” has the meaning set forth in Section 11.3(a) of the Indenture. 
  
 “Administration Agreement” means the Administration Agreement, dated as of the Closing Date, between the
Administrator, the Issuer and the Indenture Trustee, as the same may be amended and supplemented from time to time. 
  
 “Administrator” means COAF, or any successor Administrator under the Administration Agreement. 
  
 “Affiliate” means, for any specified Person, any other
Person which, directly or indirectly, controls, is controlled by or is under common control with such specified Person and “affiliated” has a meaning correlative to the foregoing. For purposes of this definition, “control” means
the power, directly or indirectly, to cause the direction of the management and policies of a Person. 
  
 “Applicable Tax State” shall mean, as of any date, each State as to which any of the following is then applicable: (a) a State in which
the Owner Trustee maintains its Corporate Trust Office, (b) a State in which the Owner Trustee maintains its principal executive offices, and (c) the States of Virginia and Texas. 
  
 “Authenticating Agent” means any Person authorized by the Indenture Trustee to act on behalf of the
Indenture Trustee to authenticate and deliver the Notes. 
  
 “Authorized Newspaper” means a newspaper of general circulation in the City of New York, printed in the English language and customarily published on each Business Day, whether or not published on Saturdays, Sundays and
holidays. 
  

					
	 	 	 	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Authorized Officer” means (a) with respect to the Issuer, (i) any officer of the Owner
Trustee who is authorized to act for the Owner Trustee in matters relating to the Issuer and who is identified on the list of Authorized Officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date or (ii) so long as the
Administration Agreement is in effect, any officer of the Administrator who is authorized to act for the Administrator in matters relating to the Issuer pursuant to the Administration Agreement and who is identified on the list of Authorized
Officers delivered by the Administrator to the Owner Trustee and the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter) and (b) with respect to the Owner Trustee, the Indenture Trustee
and the Servicer, any officer of the Owner Trustee, the Indenture Trustee or the Servicer, as applicable, who is authorized to act for the Owner Trustee, the Indenture Trustee or the Servicer, as applicable, in matters relating to the Owner Trustee,
the Indenture Trustee or the Servicer and who is identified on the list of Authorized Officers delivered by each of the Owner Trustee, the Indenture Trustee and the Servicer to the Indenture Trustee on the Closing Date (as such list may be modified
or supplemented from time to time thereafter). 
  
 “Available Funds” means, for any Payment Date and the related Collection Period, an amount equal to the sum of the following amounts: (i) all Collections received by the Servicer during such Collection Period, (ii) the sum
of the Repurchase Prices deposited into the Collection Account with respect to each Receivable that is to become a Repurchased Receivable on such Payment Date, (iii) the investment income accrued during such Collection Period from the investment of
funds in the Trust Accounts and (iv) the Reserve Account Excess Amount. 
  
 “Available Funds Shortfall Amount” means, as of any Payment Date, the amount by which the amounts required to be paid pursuant to clauses first through tenth of Section 4.4(a) of the Sale and Servicing
Agreement exceeds the Available Funds for such Payment Date. 
  
 “Bankruptcy Code” means the United States Bankruptcy Code, 11 U.S.C. 101 et seq., as amended. 
  
 “Bankruptcy Event” means, with respect to any Person, (i) the filing of a decree or order for relief by a court having jurisdiction in
the premises in respect of such Person in an involuntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee,
sequestrator or similar official of such Person, or ordering the winding-up or liquidation of such Person’s affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days or (ii) the commencement by
such Person of a voluntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by such Person to the entry of an order for relief in an involuntary case under any such
law, or the consent by such Person to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person, or the making by such Person of any general assignment for the
benefit of creditors, or the failure by such Person generally to pay its debts as such debts become due, or the taking of action by such Person in furtherance of any of the foregoing. 
  
 “Bankruptcy Remote Party” means each of the Seller, the Issuer, any other trust created by the Seller or
any limited liability company or corporation wholly-owned by the Seller. 
  

					
	 	 	A-2	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Benefit Plan” means (i) any “employee benefit plan” whether or not subject to
ERISA, (ii) a “plan” described by Section 4975(e)(1) of the Code or (iii) any entity deemed to hold the assets of any of the foregoing by reason of an employee benefit plan’s or other plan’s investment in such entity. 

 
 “Book-Entry Notes” means a beneficial interest in the
Notes, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 2.10 of the Indenture. 
  
 “Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions in the states of Delaware,
California, Texas, Virginia or New York, or in the state in which the Corporate Trust Office of the Indenture Trustee is located, are authorized or obligated by law, executive order or government decree to be closed. 
  
 “Certificate” means a certificate substantially in the form
of Exhibit A to the Trust Agreement evidencing the Residual Interest, as such Certificate may be issued pursuant to the Trust Agreement at the request of the Residual Interestholder. 
  
 “Certificate of Title” means, with respect to any Financed
Vehicle, the certificate of title or other documentary evidence of ownership of such Financed Vehicle as issued by the department, agency or official of the jurisdiction (whether in paper or electronic form) in which such Financed Vehicle is titled
responsible for accepting applications for, and maintaining records regarding, certificates of title and liens thereon. 
  
 “Certificate of Title Repurchase Event” means, with respect to any Receivable, (a) the original Certificate of Title has not been
received by the Servicer for inclusion in the related Receivable File by the Required Title Delivery Date for such Receivable, (b) the failure of such items to be so received materially and adversely affects the interests of the Issuer or the
Noteholders in such Receivable and (c) the failure to repurchase such Receivable would cause the Title Delivery Failure Percentage to exceed 0.50% as of the Required Title Delivery Date for such Receivable. 
  
 “Certificateholder” means any Holder of a Certificate.

  
 “Class” means a group of Notes whose form is
identical except for variation in denomination, principal amount or owner, and references to “each Class” thus mean each of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes and the Class D
Notes. 
  
 “Class A Notes” shall mean,
collectively, the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes. 
  
 “Class A Noteholders’ Interest Carryover Shortfall” shall mean, with respect to any Payment Date, the excess of the Class A Noteholders’ Monthly Accrued Interest for the preceding Payment
Date and any outstanding Class A Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class A Notes on such preceding Payment Date, plus
interest on the amount of interest due but not paid to Noteholders of Class A Notes on the preceding Payment Date, to the extent permitted by law, at the respective Interest Rates borne by such Class A Notes for the related Interest Period.

  

					
	 	 	A-3	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Class A Noteholders’ Monthly Accrued Interest” shall mean, with respect to any
Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on
the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date. 
  
 “Class A-1 Final Scheduled Payment Date” shall mean the
Payment Date occurring in June 2006. 
  
 “Class A-1
Interest Rate” means 3.3395% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year). 
  
 “Class A-1 Note Balance” means, at any time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such
time on the Class A-1 Notes. 
  
 “Class A-1
Noteholder” means the Person in whose name a Class A-1 Note is registered on the Note Register. 
  
 “Class A-1 Notes” means the Class of Auto Loan Asset Backed Notes designated as Class A-1 Notes, issued in accordance with the Indenture.

  
 “Class A-2 Final Scheduled Payment Date”
shall mean the Payment Date occurring in September 2008. 
  
 “Class A-2 Interest Rate” means 3.82% per annum (computed on the basis of a 360-day year of twelve 30-day months). 
  
 “Class A-2 Note Balance” means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such
time on the Class A-2 Notes. 
  
 “Class A-2
Noteholder” means the Person in whose name a Class A-2 Note is registered on the Note Register. 
  
 “Class A-2 Notes” means the Class of Auto Loan Asset Backed Notes designated as Class A-2 Notes, issued in accordance with the Indenture.

  
 “Class A-3 Final Scheduled Payment Date”
shall mean the Payment Date occurring in November 2009. 
  
 “Class A-3 Interest Rate” means 4.08% per annum (computed on the basis of a 360-day year of twelve 30-day months). 
  
 “Class A-3 Note Balance” means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such
time on the Class A-3 Notes. 
  

					
	 	 	A-4	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Class A-3 Noteholder” shall mean the Person in whose name a Class A-3 Note is
registered on the Note Register. 
  
 “Class A-3
Notes” means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture. 
  
 “Class B Final Scheduled Payment Date” shall mean the Payment Date occurring in May 2010. 
  
 “Class B Interest Rate” means 4.32% per annum (computed on
the basis of a 360-day year of twelve 30-day months). 
  
 “Class B Note Balance” means, at any time, the Initial Class B Note Balance reduced by all payments of principal made prior to such time on the Class B Notes. 
  
 “Class B Noteholder” shall mean the Person in whose name a Class B Note is registered on the Note Register.

  
 “Class B Noteholders’ Interest Carryover
Shortfall” shall mean, with respect to any Payment Date, the excess of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such
preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class B Notes on the
preceding Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period. 
  
 “Class B Noteholders’ Monthly Accrued Interest” shall mean, with respect to any Payment Date, the aggregate interest accrued for the
related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class B
Noteholders on or prior to such preceding Payment Date. 
  
 “Class B Notes” means the Class of Auto Loan Asset Backed Notes designated as Class B Notes, issued in accordance with the Indenture. 
  

“Class C Final Scheduled Payment Date” shall mean the Payment Date occurring in December 2010. 
  
 “Class C Interest Rate” means 4.48% per annum (computed on
the basis of a 360-day year of twelve 30-day months). 
  
 “Class C Note Balance” means, at any time, the Initial Class C Note Balance reduced by all payments of principal made prior to such time on the Class C Notes. 
  
 “Class C Noteholder” shall mean the Person in whose name a Class C Note is registered on the Note Register.

  

					
	 	 	A-5	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Class C Noteholders’ Interest Carryover Shortfall” shall mean, with respect to any
Payment Date, the excess of the Class C Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class C Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect
of interest that is actually paid to Noteholders of Class C Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class C Notes on the preceding Payment Date, to the extent permitted by law,
at the Class C Interest Rate for the related Interest Period. 
  
 “Class C Noteholders’ Monthly Accrued Interest” shall mean, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the
Class C Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date. 
  
 “Class C Notes” means the Class of Auto Loan Asset Backed
Notes designated as Class C Notes, issued in accordance with the Indenture. 
  
 “Class D Final Scheduled Payment Date” shall mean the Payment Date occurring in September 2012. 
  
 “Class D Interest Rate” means 4.80% per annum (computed on the basis of a 360-day year of twelve 30-day months). 
  
 “Class D Note Balance” means, at any time, the Initial Class
D Note Balance reduced by all payments of principal made prior to such time on the Class D Notes. 
  
 “Class D Noteholder” shall mean the Person in whose name a Class D Note is registered on the Note Register. 
  
 “Class D Noteholders’ Interest Carryover
Shortfall” shall mean, with respect to any Payment Date, the excess of the Class D Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class D Noteholders’ Interest Carryover Shortfall on such
preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class D Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class D Notes on the
preceding Payment Date, to the extent permitted by law, at the Class D Interest Rate for the related Interest Period. 
  
 “Class D Noteholders’ Monthly Accrued Interest” shall mean, with respect to any Payment Date, the aggregate interest accrued for the
related Interest Period on the Class D Notes at the Class D Interest Rate on the Class D Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class D
Noteholders on or prior to such preceding Payment Date. 
  
 “Class D Notes” means the Class of Auto Loan Asset Backed Notes designated as Class D Notes, issued in accordance with the Indenture. 
  

“Clearing Agency” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act and
shall initially be DTC. 
  

					
	 	 	A-6	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Clearing Agency Participant” means a broker, dealer, bank or other financial
institution or other Person for which from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 
  
 “Closing Date” means June 2, 2005. 
  
 “COAF” means Capital One Auto Finance, Inc., a Texas corporation, and its successors and assigns.

  
 “Code” means the Internal Revenue Code of
1986, as amended, modified or supplemented from time to time, and any successor law thereto, and the regulations promulgated and the rulings issued thereunder. 
  

“Collateral” has the meaning set forth in the Granting Clause of the Indenture. 
  
 “Collections” means, with respect to any Receivable and to
the extent received by the Servicer after the applicable Cut-Off Date, (i) any monthly payment by or on behalf of the Obligor thereunder, (ii) any full or partial prepayment of such Receivable, (iii) all Liquidation Proceeds and (iv) any other
amounts received by the Servicer which, in accordance with the Customary Servicing Practices, would customarily be applied to the payment of accrued interest or to reduce the Principal Balance of the Receivable, including rebates of premiums with
respect to the cancellation or termination of any Insurance Policy, extended warranty or service contract; provided, however, that the term “Collections” in no event will include (1) any amounts in respect of any
Receivable the Repurchase Price of which has been included in the Available Funds on a prior Payment Date or (2) any Supplemental Servicing Fees. 
  
 “Collection Account” means the trust account established and maintained pursuant to Section 4.1 of the Sale and Servicing
Agreement. 
  
 “Collection Period” means the
period commencing on the first day of each calendar month and ending on the last day of such calendar month (or, in the case of the initial Collection Period, the period commencing on the close of business on the Initial Cut-Off Date and ending on
June 30, 2005). As used herein, the “related” Collection Period with respect to a Payment Date shall be deemed to be the Collection Period which precedes such Payment Date. 
  
 “Commission” means the U.S. Securities and Exchange Commission. 
  
 “Contract” means, with respect to any Receivable, the motor
vehicle retail installment sales contract and/or note and security agreement, the installment loan agreement, any amendments thereto and any related documentary draft, if applicable, evidencing such Receivable. 
  
 “Contract Rate” means, with respect to a Receivable, the
rate per annum at which interest accrues under the Contract evidencing such Receivable. Such rate may be less than the “Annual Percentage Rate” disclosed in the Receivable. 
  
 “Controlling Class” shall mean, with respect to any Notes Outstanding, the Class A Notes (voting together
as a single Class) as long as any Class A Notes are Outstanding, and 
  

					
	 	 	A-7	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 thereafter the Class B Notes as long as any Class B Notes are Outstanding, and thereafter the Class C Notes as long as
any Class C Notes are Outstanding, and thereafter the Class D Notes as long as any Class D Notes are Outstanding (excluding, in each case, Notes held by the Servicer or any of its Affiliates). 
  
 “Corporate Trust Office” means: 
  
 (p) as used with respect to Indenture Trustee, the principal office of the
Indenture Trustee at which at any particular time its corporate trust business shall be administered which office at date of the execution of the Indenture is located at (i) solely for purposes of the transfer, surrender or exchange of Notes, 2001
Bryan Street, 10th Floor, Dallas, Texas 75201, Attention: Institutional Trust Services – Capital One Auto
Finance Trust 2005-B-SS and (ii) for all other purposes, 4 New York Plaza, 6th Floor, New York, New York 10004-2477
(telecopier no. (212) 623-5932), Attention: Institutional Trust Services/Global Debt – Capital One Auto Finance Trust 2005-B-SS, or at such other address as the Indenture Trustee may designate from time to time by notice to the Noteholders, the
Administrator, the Servicer and the Issuer, or the principal corporate trust office of any successor Indenture Trustee (the address of which the successor Indenture Trustee will notify the Noteholders, the Administrator, the Servicer and the Owner
Trustee); and 
  
 (q) as used with respect to Owner Trustee, the
corporate trust office of the Owner Trustee located at 1100 North Market Street, Rodney Square North, Wilmington, Delaware 19890-0001 (telecopier no. (302) 636-4140), Attention: Corporate Trust Department, or at such other address as the Owner
Trustee may designate by notice to the Residual Interestholder and the Seller, or the principal corporate trust office of any successor Owner Trustee (the address of which the successor Owner Trustee will notify the Residual Interestholder and the
Seller). 
  
 “Cram Down Loss” means, with respect
to any Receivable (other than a Defaulted Receivable) as to which any court in any bankruptcy, insolvency or other similar proceeding issues an order reducing the principal amount to be paid on such Receivable or otherwise modifies any payment terms
with respect thereto, an amount equal to the greater of (i) the amount of the principal reduction ordered by such court and (ii) the difference between the Principal Balance of such Receivable at the time of such court order and the net present
value (using a discount rate which is the higher of the Contract Rate of such Receivable or the rate of interest specified by such court order) of the remaining scheduled payments to be paid on such Receivable as modified or restructured. A
“Cram Down Loss” will be deemed to have occurred on the date of issuance of such court’s order. 
  
 “Cumulative Net Charge-Off Ratio” means, as of any Determination Date, the ratio of (i) the aggregate Principal Balance of Receivables
that became Defaulted Receivables plus all the Cram Down Losses which occurred during the period from the Initial Cutoff Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted
Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the sum of (A) the initial aggregate Principal Balance of the Initial Receivables plus (B) the initial aggregate Principal Balance of the
Subsequent Receivables as of their respective Subsequent Cutoff Dates. 
  

					
	 	 	A-8	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Customary Servicing Practices” means the customary servicing practices of the Servicer
or any Sub-Servicer with respect to all comparable motor vehicle receivables that the Servicer or such Sub-Servicer, as applicable, services for itself and others, as such customary servicing practices may be changed from time to time, it being
understood that the Servicer and the Sub-Servicers may not have the same “Customary Servicing Practices.” 
  
 “Cut-Off Date” means, (i) with respect to any Receivable transferred on the Closing Date, the Initial Cut-Off Date and (ii) with respect
to Receivables transferred on any Funding Date, the applicable Subsequent Cut-Off Date. 
  
 “Dealer” means a motor vehicle dealership. 
  
 “Default” means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default. 
  
 “Defaulted Receivable” means, with respect to any Collection Period, a Receivable as to which (a) all or
any part of a scheduled payment is 120 or more days past due and the Servicer has not repossessed the related Financed Vehicle, (b) the Servicer has either repossessed and liquidated the related Financed Vehicle or repossessed and held the related
Financed Vehicle in its repossession inventory for 90 days, whichever occurs first, or (c) the Servicer has, in accordance with its Customary Servicing Practices, determined that such Receivable has or should be written off as uncollectible;
provided, however, that this definition may be modified in accordance with modifications to the Servicer’s Customary Servicing Practices. The Principal Balance of any Receivable that becomes a “Defaulted Receivable” will be
deemed to be zero as of the date it becomes a “Defaulted Receivable”. 
  
 “Definitive Note” means a definitive fully registered Note issued pursuant to Section 2.12 of the Indenture. 
  
 “Delinquency Ratio” means, as of a Determination Date, the ratio of (i) the aggregate Principal Balance of
Receivables that were Delinquent Receivables at the end of the related Collection Period to (ii) the aggregate Principal Balance of all Receivables as of the first day of such related Collection Period. 
  
 “Delinquent Receivable” means any Receivable (other than a
Defaulted Receivable) as to which any portion of a scheduled payment remains unpaid for more than 60 days from the date on which it is due and payable. 
  
 “Delivery” when used with respect to Trust Account Property means: 
  
 (a) with respect to (I) bankers’ acceptances, commercial paper, and negotiable certificates of deposit
and other obligations that constitute “instruments” as defined in Section 9-102(47) of the UCC and are susceptible of physical delivery, transfer of actual possession thereof to the Indenture Trustee or its nominee or custodian by physical
delivery to the Indenture Trustee or its nominee or custodian endorsed to, or registered in the name of, the Indenture Trustee or its nominee or custodian or endorsed in blank, and (II) with respect to a “certificated security” (as defined
in Section 8-102(a)(4) of the UCC) transfer of actual possession thereof (i) by physical delivery of such certificated 
  

					
	 	 	A-9	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 security to the Indenture Trustee or its nominee or custodian endorsed to, or registered in the name of,
the Indenture Trustee or its nominee or custodian or endorsed in blank, or to another person, other than a “securities intermediary” (as defined in Section 8-102(a)(14) of the UCC), who acquires possession of the certificated security on
behalf of the Indenture Trustee or its nominee or custodian or, having previously acquired possession of the certificate, acknowledges that it holds for the Indenture Trustee or its nominee or custodian or (ii) by delivery thereof to a
“securities intermediary”, endorsed to or registered in the name of the Indenture Trustee or its nominee or custodian, or endorsed in blank, and the making by such “securities intermediary” of entries on its books and records
identifying such certificated securities as belonging to the Indenture Trustee or its nominee or custodian and the sending by such “securities intermediary” of a confirmation of the purchase of such certificated security by the Indenture
Trustee or its nominee or custodian (all of the foregoing, “Physical Property”), and, in any event, any such Physical Property in registered form shall be in the name of the Indenture Trustee or its nominee or custodian; and such
additional or alternative procedures as may hereafter become appropriate to effect the complete transfer of ownership of any such Trust Account Property to the Indenture Trustee or its nominee or custodian, consistent with changes in applicable law
or regulations or the interpretation thereof; 
  
 (b) with respect to any securities issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the other government agencies, instrumentalities and establishments of the United
States identified in Appendix A to Federal Reserve Bank Operating Circular No. 7 as in effect from time to time that is a “book-entry security” (as such term is defined in Federal Reserve Bank Operating Circular No. 7) held in a securities
account and eligible for transfer through the Fedwire® Securities Service operated by the
Federal Reserve System pursuant to Federal book-entry regulations, the following procedures, all in accordance with applicable law, including applicable Federal regulations and Articles 8 and 9 of the UCC: book-entry registration of such Trust
Account Property to an appropriate securities account maintained with a Federal Reserve Bank by a “participant” (as such term is defined in Federal Reserve Bank Operating Circular No. 7) that is a “depository institution” (as
defined in Section 19(B)(1)(A) of the Federal Reserve Act) pursuant to applicable Federal regulations, and issuance by such depositary institution of a deposit advice or other written confirmation of such book-entry registration to the Indenture
Trustee or its nominee or custodian of the purchase by the Indenture Trustee or its nominee or custodian of such book-entry securities; the making by such depositary institution of entries in its books and records identifying such book entry
security held through the Federal Reserve System pursuant to Federal book-entry regulations or a security entitlement thereto as belonging to the Indenture Trustee or its nominee or custodian and indicating that such depositary institution holds
such Trust Account Property solely as agent for the Indenture Trustee or its nominee or custodian; and such additional or alternative procedures as may hereafter become appropriate to effect complete transfer of ownership of any such Trust Account
Property to the Indenture Trustee or its nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof; and 
  

					
	 	 	A-10	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 (c) with respect to any item of Trust Account Property that is an uncertificated security
(as defined in Section 8-102(a)(18) of the UCC) and that is not governed by clause (b) above, (i) registration on the books and records of the issuer thereof in the name of the Indenture Trustee or its nominee or custodian, or (ii) registration on
the books and records of the issuer thereof in the name of another person, other than a securities intermediary, who acknowledges that it holds such uncertificated security for the benefit of the Indenture Trustee or its nominee or custodian.

  
 “Depositor” means the Seller in its capacity
as Depositor under the Trust Agreement. 
  
 “Determination
Date” means the third Business Day preceding the related Payment Date, beginning July 12, 2005. 
  
 “Dollar” and “$” mean lawful currency of the United States of America. 
  
 “DTC” means The Depository Trust Company, and its
successors. 
  
 “Eligible Account” means either
(a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution acting in its fiduciary capacity organized under the laws of the United States of America or any
one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as the long-term unsecured debt of such depository
institution shall have a credit rating from each Rating Agency in one of its generic rating categories which signifies investment grade. Any such trust account may be maintained with the Owner Trustee, the Indenture Trustee or any of their
respective Affiliates, if such accounts meet the requirements described in clause (b) of the preceding sentence. 
  
 “Eligible Institution” means a depository institution or trust company (other than any Affiliate of Capital One Financial Corporation)
(which may be the Owner Trustee, the Indenture Trustee or any of their respective Affiliates) organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign
bank) (a) which at all times has either (i) a long-term senior unsecured debt rating of “Aa2” or better by Moody’s and “AA-” or better by Standard & Poor’s and AA- or better by Fitch, if rated by Fitch or such other
rating that is acceptable to each Rating Agency, as evidenced by a letter from such Rating Agency to the Issuer or the Indenture Trustee or (ii) a certificate of deposit rating of “P-1” by Moody’s and “A-1+” by Standard
& Poor’s and F1 by Fitch, if rated by Fitch or (iii) such other rating that is acceptable to each Rating Agency, as evidenced by a letter from such Rating Agency to the Issuer or the Indenture Trustee and (b) whose deposits are insured by
the Federal Deposit Insurance Corporation. 
  
 “Eligible
Investments” shall mean any one or more of the following types of investments: 
  
 (a) direct obligations of, and obligations fully guaranteed as to timely payment by, the United States of America; 
  
 (b) demand deposits, time deposits or certificates of
deposit of any depository institution (including any Affiliate of the Seller, the Servicer, the Indenture Trustee or the 
  

					
	 	 	A-11	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 Owner Trustee) or trust company incorporated under the laws of the United States of America or any state
thereof or the District of Columbia (or any domestic branch of a foreign bank) and subject to supervision and examination by Federal or state banking or depository institution authorities (including depository receipts issued by any such institution
or trust company as custodian with respect to any obligation referred to in clause (a) above or a portion of such obligation for the benefit of the holders of such depository receipts); provided that at the time of the investment or
contractual commitment to invest therein (which shall be deemed to be made again each time funds are reinvested following each Payment Date), the commercial paper or other short-term senior unsecured debt obligations (other than such obligations the
rating of which is based on the credit of a Person other than such depository institution or trust company) of such depository institution or trust company shall have a credit rating from Standard & Poor’s of at least A-1+ and from
Moody’s of Prime-1 and from Fitch of F1, if rated by Fitch; 
  
 (c) commercial paper (including commercial paper of any Affiliate of the Seller, the Servicer, the Indenture Trustee or the Owner Trustee) having, at the time of the investment or contractual commitment to invest
therein, a rating from Standard & Poor’s of at least A-1+ and from Moody’s of Prime-1 and from Fitch of F1, if rated by Fitch; 
  
 (d) investments in money market funds (including funds for which the Seller, the Servicer, the Indenture Trustee or Owner Trustee or any
of their respective Affiliates is investment manager or advisor) having a rating from Standard & Poor’s of AAA-m or AAAm-G and from Moody’s of Aaa and from Fitch of AAA, if rated by Fitch; 
  
 (e) bankers’ acceptances issued by any depository
institution or trust company referred to in clause (b) above; 
  
 (f) repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United States of America or any agency or instrumentality thereof the obligations of which are backed
by the full faith and credit of the United States of America, in either case entered into with a depository institution or trust company (acting as principal) referred to in clause (b) above; and 
  
 (g) any other investment that satisfies the Rating Agency
Condition. 
  
 “Eligible Receivable” means a
Receivable meeting all of the criteria set forth on Schedule I of the Sale and Servicing Agreement as of the Closing Date or the applicable Funding Date, as the case may be. 
  
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 
  
 “ERISA Affiliate” means at any time, with respect to any
Person or entity, any member of such Person’s or entity’s “controlled group,” within the meaning of Section 4001 of ERISA or Section 414(b), (c), (m) or (o) of the Code. 
  
 “Event of Default” has the meaning set forth in Section
5.1 of the Indenture. 
  

					
	 	 	A-12	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  
 “Extended Title Delivery Date” means, with respect to any
Receivable, the day that is 90 days after the First Title Delivery Date for such Receivable. 
  
 “Final Scheduled Payment Date” means, with respect to (i) the Class A-1 Notes, the Class A-1 Final Scheduled Payment Date, (ii) the Class A-2 Notes, the Class A-2 Final Scheduled Payment Date, (iii)
the Class A-3 Notes, the Class A-3 Final Scheduled Payment Date, (iv) the Class B Notes, the Class B Final Scheduled Payment Date, (v) the Class C Notes, the Class C Final Scheduled Payment Date and (vi) the Class D Notes, the Class D Final
Scheduled Payment Date. 
  
 “Financed Vehicle”
means an automobile or light-duty truck, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable. 
  
 “First Allocation of Principal” means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Note Balance
of the Class A Notes as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date) over (b) the sum of (i) the Pool Balance as of the end of the related Collection Period plus (ii) amounts,
if any, on deposit in the Pre-Funding Account as of the end of the related Collection Period; provided, however, that the “First Allocation of Principal” shall not exceed the Note Balance of the Class A Notes;
provided, further, that the “First Allocation of Principal” for any Payment Date on and after the Final Scheduled Payment Date for any Class of Class A Notes shall not be less than the amount that is necessary to
reduce the Note Balance of that Class of Class A Notes to zero. 
  
 “First Title Delivery Date” means, with respect to any Receivable, the day that is 270 days after (i) the Closing Date or (ii) if such Receivable is a Subsequent Receivable, the applicable Funding Date. 
  
 “Fitch” means Fitch, Inc., or any successor that is a
nationally recognized statistical rating organization. 
  
 “Fourth Allocation of Principal” means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the Note Balance of the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes
as of such Payment Date (before giving effect to any principal payments made on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes on such Payment Date) over (b) the sum of (i) the Pool Balance as of the end of the related
Collection Period plus (ii) amounts, if any, on deposit in the Pre-Funding Account as of the end of the related Collection Period minus (2) the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal
for such Payment Date; provided, however, that the Fourth Allocation of Principal on and after the Final Scheduled Payment Date for the Class D Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of
the Class D Notes to zero (after the application of the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal). 
  

					
	 	 	A-13	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Funding Date” means a date occurring not more than once per calendar week during the
Funding Period and on which some or all of the Subsequent Receivables are transferred to the Issuer. 
  
 “Funding Period” means the period beginning on the Closing Date and ending upon the earliest to occur of (i) August 31, 2005, which is
three full calendar months following the Closing Date, (ii) the date upon which an Event of Default occurs and (iii) the date on which the amount on deposit in the Pre-Funding Account has been reduced to $10,000 or less. 
  
 “GAAP” means generally accepted accounting principles in the
USA, applied on a materially consistent basis. 
  
 “Governmental Authority” means any (a) Federal, state, municipal, foreign or other governmental entity, board, bureau, agency or instrumentality, (b) administrative or regulatory authority (including any central bank or
similar authority) or (c) court or judicial authority. 
  
 “Grant” means mortgage, pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer, create, grant a lien upon and a security interest in and right of set-off against, deposit, set over and confirm
pursuant to the Indenture. A Grant of the Collateral or of any other agreement or instrument shall include all rights, powers and options (but none of the obligations) of the Granting party thereunder, including the immediate and continuing right to
claim for, collect, receive and give receipt for principal and interest payments in respect of the Collateral and all other moneys payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to
exercise all rights and options, to bring proceedings in the name of the Granting party or otherwise and generally to do and receive anything that the Granting party is or may be entitled to do or receive thereunder or with respect thereto. Other
forms of the verb “to Grant” shall have correlative meanings. 
  
 “Holder” means, as the context may require, the Certificateholder or a Noteholder or both. 
  
 “Indenture” means the Indenture, dated as of the Closing Date, between the Issuer and Indenture Trustee, as the same may be amended and
supplemented from time to time. 
  
 “Indenture Secured
Parties” shall mean the Noteholders. 
  
 “Indenture Trustee” means JPMorgan Chase Bank, N.A., a banking association organized under the laws of the United States, not in its individual capacity but as indenture trustee under the Indenture, or any successor trustee
under the Indenture. 
  
 “Independent” means,
when used with respect to any specified Person, that such Person (i) is in fact independent of the Issuer, any other obligor upon the Notes, the Administrator and any Affiliate of any of the foregoing Persons, (ii) does not have any direct financial
interest or any material indirect financial interest in the Issuer, any such other obligor, the Administrator or any Affiliate of any of the foregoing Persons and (iii) is not connected with the Issuer, any such other obligor, the Administrator or
any Affiliate of any of the foregoing Persons as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions. 
  

					
	 	 	A-14	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Independent Certificate” means a certificate or opinion to be delivered to the
Indenture Trustee under the circumstances described in, and otherwise complying with, the applicable requirements of Section 11.1 of the Indenture, made by an independent appraiser or other expert appointed by an Issuer Order, and such
opinion or certificate shall state that the signer has read the definition of “Independent” in this Appendix A and that the signer is Independent within the meaning thereof. 
  
 “Initial Class A-1 Note Balance” means $137,000,000.

  
 “Initial Class A-2 Note Balance” means
$233,000,000. 
  
 “Initial Class A-3 Note
Balance” means $137,602,000. 
  
 “Initial Class B
Note Balance” means $57,310,000. 
  
 “Initial
Class C Note Balance” means $69,590,000. 
  
 “Initial Class D Note Balance” means $65,498,000. 
  
 “Initial Cut-Off Date” means May 26, 2005. 
  
 “Initial Note Balance” means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class B Note Balance, the Initial
Class C Note Balance or the Initial Class D Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing. 
  
 “Initial Pre-Funding Account Deposit Amount” means an amount equal to $101,499,694.24. 
  
 “Initial Purchased Assets” has the meaning set forth in
Section 2.1 of the Purchase Agreement. 
  
 “Initial
Receivables” means the Receivables transferred by the Seller to the Issuer on the Closing Date. 
  
 “Initial Reserve Account Deposit Amount” means an amount equal to $14,936,644.75, which amount includes the Negative Carry Amount.

  
 “Initial Transferred Assets” means (a) the
Initial Purchased Assets, (b) all of the Seller’s rights under the Purchase Agreement and (c) all proceeds of the foregoing. 
  
 “Insurance Policy” means (i) any theft and physical damage insurance policy maintained by the Obligor under a Receivable, providing
coverage against loss or damage to or theft of the related Financed Vehicle, and (ii) any credit life or credit disability insurance maintained by an Obligor in connection with any Receivable. 
  
 “Interest Period” means (i) with respect to the first
Payment Date, the period from and including the Closing Date to but excluding the first Payment Date and (ii) with respect to each subsequent Payment Date, the period from and including the prior Payment Date to but excluding such subsequent Payment
Date. 
  

					
	 	 	A-15	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Interest Rate” means (a) with respect to the Class A-1 Notes, the Class A-1 Interest
Rate, (b) with respect to the Class A-2 Notes, the Class A-2 Interest Rate, (c) with respect to the Class A-3 Notes, the Class A-3 Interest Rate, (d) with respect to the Class B Notes, the Class B Interest Rate, (e) with respect to the Class C
Notes, the Class C Interest Rate or (f) with respect to the Class D Notes, the Class D Interest Rate. 
  
 “Issuer” means Capital One Auto Finance Trust 2005-B-SS, a Delaware statutory trust established pursuant to the Trust Agreement, until a
successor replaces it and, thereafter, means the successor and, for purposes of any provision contained herein, each other obligor on the Notes. 
  
 “Issuer Order” and “Issuer Request” means a written order or request of the Issuer signed in the name of the Issuer by
any one of its Authorized Officers and delivered to the Indenture Trustee. 
  
 “Lien” means, for any asset or property of a Person, a lien, security interest, mortgage, pledge or encumbrance in, of or on such asset or property in favor of any other Person, except any Permitted
Lien. 
  
 “Limited Guaranty” means the Limited
Guaranty, dated as of the Closing Date, issued by Capital One Financial Corporation for the benefit of the Issuer and the Indenture Trustee. 
  
 “Liquidation Proceeds” means, with respect to any Receivable, (a) insurance proceeds received by the Servicer with respect to the
Insurance Policies, (b) amounts received by the Servicer in connection with such Receivable pursuant to the exercise of rights under that Receivable and (c) the monies collected by the Servicer (from whatever source, including proceeds of a sale of
a Financed Vehicle, a deficiency balance recovered from the Obligor after the charge-off of such Receivable or as a result of any recourse against the related Dealer, if any) on such Receivable, in the case of each of the foregoing clauses (a)
through (c), net of any expenses (including, without limitation, any auction, painting, repair or refurbishment expenses in respect of the related Financed Vehicle) incurred by the Servicer in connection therewith and any payments required by law to
be remitted to the Obligor. 
  
 “Monthly Remittance
Condition” has the meaning set forth in Section 4.2 of the Sale and Servicing Agreement. 
  
 “Moody’s” means Moody’s Investors Service, Inc., or any successor that is a nationally recognized statistical rating
organization. 
  
 “Negative Carry Amount” means
$936,637.60. 
  
 “Note” means a Class A-1 Note,
Class A-2 Note, Class A-3 Note, Class B Note, Class C Note or Class D Note in each case substantially in the forms of Exhibit A to the Indenture. 
  

					
	 	 	A-16	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Note Balance” means, with respect to any date of determination, for any Class, the
Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class B Note Balance, the Class C Note Balance or the Class D Note Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing.

  
 “Note Depository Agreement” means the
agreement, dated as of the Closing Date, between the Indenture Trustee and DTC, as the initial Clearing Agency relating to the Notes, as the same may be amended or supplemented from time to time. 
  
 “Note Factor” on a Payment Date means, with respect to each
Class of Notes, a six-digit decimal figure equal to the Note Balance of such Class of Notes as of the end of the related Collection Period divided by the Note Balance of such Class of Notes as of the Closing Date. The Note Factor will be 1.000000 as
of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of such Class of Notes. 
  
 “Note Owner” means, with respect to a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as reflected on
the books of the Clearing Agency or a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency). 

 
 “Note Register” and “Note Registrar”
have the respective meanings set forth in Section 2.4 of the Indenture. 
  
 “Noteholder” means, as of any date, the Person in whose name a Note is registered on the Note Register on such date. 
  
 “Notes” shall mean, collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the
Class B Notes, the Class C Notes and the Class D Notes. 
  
 “Notice of Funding Date” means a notice in the form of Exhibit A to the Sale and Servicing Agreement. 
  
 “Obligor” means, for any Receivable, each Person obligated to pay such Receivable. 
  
 “Officer’s Certificate” means (i) with respect to the
Issuer, a certificate signed by any Authorized Officer of the Issuer and (ii) with respect to the Seller or the Servicer, a certificate signed by the chairman of the board, the president, any executive vice president, any vice president, the
treasurer, any assistant treasurer or the controller of the Seller or the Servicer, as applicable. 
  
 “Opinion of Counsel” means one or more written opinions of counsel who may, except as otherwise expressly provided in the Indenture or
any other applicable Transaction Document, be employees of or counsel to the Issuer, the Servicer, the Seller or the Administrator, and which opinion or opinions comply with any applicable requirements of the Transaction Documents and are in form
and substance reasonably satisfactory to the recipient(s). Opinions of Counsel need address matters of law only and may be based upon stated assumptions as to relevant matters of fact. 
  

					
	 	 	A-17	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Optional Purchase” has the meaning set forth in Section 8.1 of the Sale and
Servicing Agreement. 
  
 “Optional Purchase
Price” has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement. 
  
 “Originator” means COAF. 
  
 “Other Assets” means any assets (or interests therein) (other than the Trust Estate) conveyed or purported to be conveyed by the Seller
to another Person or Persons other than the Issuer, whether by way of a sale, capital contribution or by virtue of the granting of a lien. 
  
 “Outstanding” means, as of any date, all Notes (or all Notes of an applicable Class) theretofore authenticated and delivered under the
Indenture except: 
  
 (i) Notes (or Notes of an applicable Class)
theretofore cancelled by the Note Registrar or delivered to the Note Registrar for cancellation; 
  
 (ii) Notes (or Notes of an applicable Class) or portions thereof the payment for which money in the necessary amount has been theretofore deposited with
the Indenture Trustee or any Paying Agent in trust for the related Noteholders (provided, however, that if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to the Indenture or provision therefor, satisfactory to
the Indenture Trustee, has been made); and 
  
 (iii) Notes (or
Notes of an applicable Class) in exchange for or in lieu of other Notes (or Notes of such Class) that have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes
are held by a bona fide purchaser; 
  
 provided that in determining whether
Noteholders holding the requisite Note Balance have given any request, demand, authorization, direction, notice, consent, vote or waiver hereunder or under any Transaction Document, Notes owned by the Issuer, the Seller, the Servicer, the
Administrator or any of their respective Affiliates shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Indenture Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent, vote or waiver, only Notes that a Responsible Officer of the Indenture Trustee knows to be so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the
pledgee thereof establishes to the satisfaction of the Indenture Trustee such pledgee’s right so to act with respect to such Notes and that such pledgee is not the Issuer, the Seller, the Servicer, the Administrator or any of their respective
Affiliates. 
  
 “Owner Trustee” means Wilmington
Trust Company, a Delaware banking corporation, not in its individual capacity but solely as owner trustee under the Trust Agreement, and any successor Owner Trustee thereunder. 
  
 “Paying Agent” means the Indenture Trustee or any other Person that meets the eligibility standards for the
Indenture Trustee set forth in Section 6.11 of the Indenture and is authorized by the Issuer to make the payments to and distributions from the Principal Distribution Account, including the payment of principal of or interest on the Notes on
behalf of the Issuer. 
  

					
	 	 	A-18	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Payment Date” means the 15th day of each calendar month beginning July 15, 2005;
provided, however, whenever a Payment Date would otherwise be a day that is not a Business Day, the Payment Date shall be the next Business Day. As used herein, the “related” Payment Date with respect to a Collection Period shall be deemed
to be the Payment Date which immediately follows such Collection Period. 
  
 “Payment Default” has the meaning set forth in Section 5.4(a) of the Indenture. 
  
 “Permitted Liens” means (a) any liens created by the Transaction Documents; (b) any liens for taxes not due and payable or the amount of
which is being contested in good faith by appropriate proceedings; and (c) any liens of mechanics, suppliers, vendors, materialmen, laborers, employees, repairmen and other like liens securing obligations which are not due and payable or the amount
or validity of which is being contested in good faith by appropriate proceedings. 
  
 “Person” means any individual, corporation, limited liability company, estate, partnership, joint venture, association, joint stock company, trust (including any beneficiary thereof), unincorporated
organization or government or any agency or political subdivision thereof. 
  
 “Physical Property” has the meaning specified in the definition of “Delivery” above. 
  
 “Pool Balance” means, at any time, the aggregate Principal Balance of the Receivables at such time. 
  
 “Pool Factor” on a Payment Date means a six-digit decimal
figure equal to the sum of the Pool Balance and the funds in the Pre-Funding Account (excluding investment income) as of the end of the preceding Collection Period divided by the sum of the aggregate Principal Balance of the Receivables as of the
Initial Cut-Off Date plus the Initial Pre-Funding Account Deposit Amount. The Pool Factor will be 1.000000 as of the Cut-Off Date; thereafter, the Pool Factor will decline to reflect reductions in the Pool Balance. 
  
 “Predecessor Note” means, with respect to any particular
Note, every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; provided, however, for the purpose of this definition, any Note authenticated and delivered under Section 2.5 of the Indenture
in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 
  
 “Pre-Funding Account” means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing
Agreement. 
  
 “Principal Balance” means, as of
any time, for any Receivable, the principal balance of such Receivable under the terms of the Receivable determined in accordance with the Customary Servicing Practices. The Principal Balance of any Receivable that becomes a Defaulted Receivable
will be deemed to be zero as of the date it becomes a Defaulted Receivable. 
  

					
	 	 	A-19	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Principal Distribution Account” means the account by that name established and
maintained pursuant to Section 4.1 of the Sale and Servicing Agreement. 
  
 “Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding. 
  
 “Purchase Agreement” means the Purchase Agreement, dated as of the Closing Date, between COAF and the Seller, as amended, modified or
supplemented from time to time. 
  
 “Purchase
Price” has the meaning specified in Section 2.4 of the Purchase Agreement. 
  
 “Purchased Assets” has the meaning set forth in Section 2.1 of the Purchase Agreement. 
  
 “Rating Agency” means Moody’s, Standard & Poor’s or Fitch. 
  
 “Rating Agency Condition” means, with respect to any event or circumstance and each Rating Agency, either
(a) written confirmation by such Rating Agency that the occurrence of such event or circumstance will not cause such Rating Agency to downgrade or withdraw its rating assigned to any of the Notes or (b) that such Rating Agency shall have been given
notice of such event at least ten days prior to the occurrence of such event (or, if ten days’ advance notice is impracticable, as much advance notice as is practicable) and such Rating Agency shall not have issued any written notice that the
occurrence of such event will itself cause such Rating Agency to downgrade or withdraw its rating assigned to the Notes. 
  
 “Receivable” means any Contract with respect to a new or used automobile or light-duty truck which shall appear on the Schedule of
Receivables and all Related Security in connection therewith which has not been released from the lien of the Indenture. 
  
 “Receivable Files” has the meaning set forth in Section 2.4(a) of the Sale and Servicing Agreement. 
  
 “Receivables Purchase Price” means, with respect to any
Subsequent Receivables, 85.50% of the aggregate Principal Balance of such Subsequent Receivables as of the related Subsequent Cut-Off Date (provided, however, that the Receivables Purchase Price on the final Funding Date may be adjusted as agreed to
by the Seller and the Issuer to be less than 85.50% for the purpose of using all funds remaining on deposit in the Pre-Funding Account to purchase Subsequent Receivables). 
  
 “Record Date” means, unless otherwise specified in any Transaction Document, with respect to any Payment
Date or Redemption Date, (i) for any Definitive Notes and for the Certificates, if any, the close of business on the last Business Day of the calendar month immediately preceding the calendar month in which such Payment Date or Redemption Date
occurs and (ii) for any Book-Entry Notes, the close of business on the Business Day immediately preceding such Payment Date or Redemption Date. 
  
 “Records” means, for any Receivable, all contracts, books, records and other documents or information (including computer programs,
tapes, disks, software and related property and rights, to the extent legally transferable) relating to such Receivable or the related Obligor. 
  

					
	 	 	A-20	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Redemption Date” means, in the case of a redemption of the Notes pursuant to Section
10.1 of the Indenture, the Payment Date specified by the Administrator or the Issuer pursuant to Section 10.1 of the Indenture. 
  
 “Redemption Price” means an amount equal to the sum of (a) unpaid Note Balance redeemed, plus (b) accrued and unpaid interest thereon at
the applicable Interest Rate for the Notes being so redeemed, up to but excluding the Redemption Date. 
  
 “Registered Holder” means the Person in whose name a Note is registered on the Note Register on the related Record Date. 
  
 “Regular Allocation of Principal” means, with respect to any
Payment Date, an amount not less than zero equal to (1) the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) the sum of (i)
76.00% of the Pool Balance as of the end of the related Collection Period plus (ii) amounts, if any, on deposit in the Pre-Funding Account as of the end of the related Collection Period minus (2) the First Allocation of Principal, the Second
Allocation of Principal, the Third Allocation of Principal and the Fourth Allocation of Principal for such Payment Date. 
  
 “Related Security” means, for any Receivable, (i) the security interest in the related Financed Vehicle, (ii) any proceeds from claims on
any Insurance Policy or refunds in connection with extended service agreements relating to such Receivable (if such Receivable became a Defaulted Receivable after the applicable Cut-Off Date), (iii) any other property securing the Receivables and
(iv) all proceeds of the foregoing. 
  
 “Repurchase
Price” means, with respect to any Repurchased Receivable, a price equal to the outstanding Principal Balance (calculated without giving effect to the last sentence of the definition of “Principal Balance”) of such
Receivable plus any unpaid accrued interest related to such Receivable accrued to and including the end of the Collection Period preceding the date that such Repurchased Receivable was purchased by COAF, the Servicer or the Seller, as applicable.

  
 “Repurchased Receivable” means a Receivable
purchased by COAF pursuant to Section 3.3 of the Purchase Agreement, by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement or by the Seller pursuant to Section 2.3 or Section 2.6 of the Sale and
Servicing Agreement. 
  
 “Required Title Delivery
Date” means, with respect to any Receivable, the Extended Title Delivery Date unless the failure to repurchase such Receivable on the First Title Delivery Date would materially and adversely affect the interests of the Issuer or the
Noteholders in such Receivable, in which case the Required Title Delivery Date for such Receivable shall be the First Title Delivery Date for such Receivable; provided, however, that the failure to repurchase such Receivable on the
First Title Delivery Date shall be deemed not to have a material adverse effect on the Issuer or the Noteholders in such Receivable and the Required Title Delivery Date for such Receivable shall be the Extended Title Delivery Date if such Receivable
is not a Defaulted Receivable as of the First Title Delivery Date for such Receivable. 
  

					
	 	 	A-21	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Reserve Account” means the account designated as such, established and maintained
pursuant to Section 4.1 of the Sale and Servicing Agreement. 
  
 “Reserve Account Draw Amount” means, for any Payment Date, the amount withdrawn from the Reserve Account, equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date or (b) the amount on
deposit in the Reserve Account on such Payment Date. In addition, on any Payment Date occurring after the end of the Funding Period, if the sum of the amounts in the Reserve Account and the remaining Available Funds after the payments under clauses
first through tenth of Section 4.4(a) of the Sale and Servicing Agreement would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Classes of Notes, then the Reserve Account Draw Amount
will, if so specified by the Servicer in the Servicer’s Certificate, include such additional amount as may be necessary to pay all Outstanding Notes in full. 
  
 “Reserve Account Excess Amount” means, with respect to any Payment Date, means an amount equal to the
excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account relating to that Payment Date, over (b) the
Specified Reserve Account Balance with respect to that Payment Date. 
  
 “Residual Interest” means the beneficial interest in the Issuer. The Residual Interest shall not be represented by a Certificate except upon the request of the Residual Interestholder pursuant to the terms of the Trust
Agreement. 
  
 “Residual Interestholder” means
the owner of the Residual Interest. The Seller shall be the initial Residual Interestholder. 
  
 “Responsible Officer” means, (a) with respect to the Indenture Trustee, any officer within the corporate trust department of the Indenture Trustee, including any vice president, assistant vice
president, assistant secretary, assistant treasurer, trust officer or any other officer of the Indenture Trustee who customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to
whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of the Indenture, (b) with respect to the Owner
Trustee, any officer within the Corporate Trust Office of the Owner Trustee and having direct responsibility for the administration of the Issuer, including any Vice President, Assistant Vice President, Assistant Treasurer, Assistant Secretary, or
any other officer customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s
knowledge of and familiarity with the particular subject and (c) with respect to the Servicer or Seller, any officer of such Person having direct responsibility for the transactions contemplated by the Transaction Documents, including the President,
Treasurer or Secretary or any Vice President, Assistant Vice President, Assistant Treasurer, Assistant Secretary, or any other officer customarily performing functions similar to those performed by any of the above designated officers and also, with
respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 
  

					
	 	 	A-22	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Sale and Servicing Agreement” means the Sale and Servicing Agreement, dated as of the
Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time. 
  
 “Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002, as amended, modified or supplemented from time to time, and any successor law
thereto. 
  
 “Schedule of Receivables” means, as
the context may require, (i) the schedule of Initial Receivables or Subsequent Receivables, as the case may be, transferred to the Issuer on the Closing Date or a Funding Date, respectively, or (ii) collectively, the schedule of all Receivables
assigned to the Issuer by the Seller as of the date of determination, with such additions and deletions as properly made pursuant to the Transaction Documents. 
  

“Second Allocation of Principal” means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the Note
Balance of the Class A Notes and the Class B Notes as of such Date (before giving effect to any principal payments made on the Class A Notes and the Class B Notes on such Payment Date) over (b) the sum of (i) the Pool Balance as of the end of the
related Collection Period plus (ii) amounts, if any, on deposit in the Pre-Funding Account as of the end of the related Collection Period minus (2) the First Allocation of Principal for such Payment Date; provided, however, that the
Second Allocation of Principal on and after the Final Scheduled Payment Date for the Class B Notes shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class B Notes to zero (after the application of
the First Allocation of Principal). 
  
 “Securities
Act” means the Securities Act of 1933, as amended. 
  
 “Seller” means Capital One Auto Receivables, LLC, a Delaware limited liability company. 
  
 “Servicer” means COAF, initially, and any replacement Servicer appointed pursuant to the Sale and Servicing Agreement. 
  
 “Servicer’s Certificate” means the certificate
delivered pursuant to Section 3.8 of the Sale and Servicing Agreement. 
  
 “Servicer Termination Event” means any one or more of the following that shall have occurred and be continuing: 
  
 (a) any failure by the Servicer 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 Servicer or receipt by the Servicer of written notice thereof from the Indenture Trustee or
Noteholders evidencing at least 25% of the Note Balance, voting together as a single Class; 
  
 (b) any failure by the Servicer to duly observe or perform in any material respect any other of its material covenants or agreements in the Sale and Servicing Agreement, which failure materially and adversely affects
the rights of the Issuer or the Noteholders, and which continues unremedied for 60 days (or for such longer period not in excess of 90 days as may be reasonably 
  

					
	 	 	A-23	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 necessary to remedy such failure; provided that such failure is capable of remedy within 90 days) after discovery
thereof by a Responsible Officer of the Servicer or receipt by the Servicer of written notice thereof from the Indenture Trustee or Noteholders evidencing at least 25% of the Note Balance, voting together as a single Class; provided,
however, that no Servicer Termination Event will result from the breach by the Servicer of any covenant for which the repurchase of the affected Receivable is specified as the sole remedy pursuant to Section 2.6 or Section 3.6
of the Sale and Servicing Agreement; or 
  
 (c) the Servicer
suffers a Bankruptcy Event. 
  
 “Servicing Fee”
means, for any Payment Date, the product of (A) one-twelfth (or, in the case of the first Payment Date, a fraction, the numerator of which is the number of days from but not including the Initial Cut-Off Date to and including the last day of the
first Collection Period and the denominator of which is 360), (B) the Servicing Fee Rate and (C) the Pool Balance as of the first day of the related Collection Period (or, in the case of the first Payment Date, as of the Initial Cut-Off Date). The
Servicing Fee for the first Payment Date shall be $1,604,167.49. 
  
 “Servicing Fee Rate” means 2.50% per annum. 
  
 “Simple Interest Method” means the method of calculating interest due on a motor vehicle receivable on a daily basis based on the actual outstanding principal balance of the receivable on that date. 
  
 “Simple Interest Receivable” means any motor vehicle
receivable pursuant to which the payments due from the Obligors during any month are allocated between interest, principal and other charges based on the actual date on which a payment is received and for which interest is calculated using the
Simple Interest Method. 
  
 “Specified Reserve Account
Balance” means, for any Payment Date, the sum of (x) 2.00% of the Pool Balance as of the Initial Cut-Off Date, (y) 2.00% of the aggregate principal balance, calculated as of their respective Subsequent Cut-Off Dates, of all Subsequent
Receivables transferred to the Issuer on or prior to that Payment Date and (z) during the Funding Period, the Negative Carry Amount; provided, however, that in no event will the “Specified Reserve Account Balance” for
a Payment Date exceed the Note Balance after giving effect to all payments of principal on that Payment Date. 
  
 “Standard & Poor’s” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., or any
successor that is a nationally recognized statistical rating organization. 
  
 “Statutory Trust Statute” means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. 
  

“Subsequent Cut-Off Date” means, with respect to any Subsequent Receivable, the date specified in the Notice of Funding Date related
to such Subsequent Receivable. 
  
 “Subsequent Purchased
Assets” has the meaning set forth in Section 2.2 of the Purchase Agreement. 
  

					
	 	 	A-24	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Subsequent Receivable” means a Receivable transferred to the Issuer by the Seller on a
Funding Date. 
  
 “Subsequent Reserve Account Deposit
Amount” means, with respect to a Funding Date, an amount equal to 2.00% of the aggregate Principal Balance of the Subsequent Receivables as of the Subsequent Cut-Off Date transferred on such Funding Date. 
  
 “Subsequent Transferred Assets” means (a) the Subsequent
Purchased Assets, (b) all of the Seller’s rights under the Purchase Agreement and (c) all proceeds of the foregoing. 
  
 “Sub-Servicer” means any Affiliate of the Servicer or any sub-contractor to whom any or all duties of the Servicer (including, without
limitation, its duties as custodian) under the Transaction Documents have been delegated in accordance with Section 6.5 of the Sale and Servicing Agreement. 
  
 “Supplemental Servicing Fees” means any and all (i) late fees, (ii) extension fees, (iii) non-sufficient
funds charges and (iv) any and all other administrative fees or similar charges allowed by applicable law with respect to any Receivable. 
  
 “Third Allocation of Principal” means, with respect to any Payment Date, an amount equal to (1) the excess, if any, of (a) the Note
Balance of the Class A Notes, the Class B Notes and the Class C Notes as of such Payment Date (before giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such Payment Date) over (b) the sum
of (i) the Pool Balance as of the end of the related Collection Period plus (ii) amounts, if any, on deposit in the Pre-Funding Account as of the end of the related Collection Period minus (2) the First Allocation of Principal and the Second
Allocation of Principal for such Payment Date; provided, however, that the Third Allocation of Principal on and after the Final Scheduled Payment Date for the Class C Notes shall not be less than the amount that is necessary to reduce
the outstanding principal amount of the Class C Notes to zero (after the application of the First Allocation of Principal and the Second Allocation of Principal). 
  
 “TIA” or “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended and as in
force on the date hereof, unless otherwise specifically provided. 
  
 “Title Delivery Failure Percentage” means, as of any date of determination, a fraction (expressed as a percentage), the numerator of which is the aggregate Principal Balance of all Receivables with respect to which, as of
such date, the related original Certificates of Title have not been received by the Custodian or its agent for inclusion in the related Receivable File, and the denominator of which is the Pool Balance as of such date. 
  
 “Transaction Documents” means the Indenture, the Notes, the
Note Depository Agreement, the Sale and Servicing Agreement, the Purchase Agreement, the Administration Agreement, the Trust Agreement and the Limited Guaranty, as the same may be amended or modified from time to time. 
  
 “Transferred Assets” means (a) the Initial Transferred
Assets and (b) the Subsequent Transferred Assets. 
  

					
	 	 	A-25	 	 Definitions (2005-B-SS)
 (Senior/Sub)

 “Trust Accounts” means the Collection Account, the Pre-Funding Account, the Reserve
Account and the Principal Distribution Account. 
  
 “Trust
Account Property” means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise),
and all proceeds of the foregoing. 
  
 “Trust
Agreement” means the Trust Agreement, dated as of May 10, 2005, as amended and restated by the Amended and Restated Trust Agreement, dated as of the Closing Date, between the Seller and the Owner Trustee, as the same may be amended and
supplemented from time to time. 
  
 “Trust
Estate” means all money, accounts, chattel paper, general intangibles, goods, instruments, investment property and other property of the Issuer, including without limitation (i) the Receivables acquired by the Issuer under the Sale and
Servicing Agreement, (ii) the security interests in the Financed Vehicles and all certificates of title to those Financed Vehicles, (iii) all Receivables Files; (iv) any proceeds from claims on any Insurance Policy or refunds in connection with
extended service agreements relating to Receivables which became Defaulted Receivables after the applicable Cut-Off Date, (v) any other property securing the Receivables, (vi) the rights of the Issuer to the funds on deposit from time to time in the
Trust Accounts and any other account or accounts established pursuant to the Indenture or Sale and Servicing Agreement and all cash, investment property and other property from time to time credited thereto and all proceeds thereof (including
investment earnings, net of losses and investment expenses, on amounts on deposit therein), (vii) the rights of the Seller, as buyer, under the Purchase Agreement, (viii) rights under the Sale and Servicing Agreement and the Limited Guaranty and
(ix) all proceeds of the foregoing. 
  
 “UCC”
means, unless the context otherwise requires, the Uniform Commercial Code as in effect in the relevant jurisdiction, as amended from time to time. 
  
 “United States” or “USA” means the United States of America (including all states, the District of Columbia and
political subdivisions thereof). 
  
 The foregoing definitions
shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations
hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes. 
  

					
	 	 	A-26	 	 Definitions (2005-B-SS)
 (Senior/Sub)Administration Agreement dated June 2, 2005

 Exhibit 10.3 
  

  
 ADMINISTRATION AGREEMENT 
  
 between

  
 CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS,

 as Issuer, 
  
 CAPITAL ONE AUTO FINANCE, INC., 
 as
Administrator 
  
 and 
  
 JPMORGAN CHASE BANK, N.A., 
 as Indenture Trustee 
  
 Dated as of June 2, 2005 
  

  

					
	 	 	 	 	2005-B-SS Administration Agreement

 TABLE OF CONTENTS 
  

					
	 	  	 	  	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	  	9
			
	16.	  	Severability of Provisions	  	9
			
	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	  	10

  

					
	 	 	-i-	 	2005-B-SS Administration Agreement

 THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of June 2, 2005, is between
CAPITAL ONE AUTO FINANCE TRUST 2005-B-SS, 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 June 2, 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 and (v) the Trust Agreement (each of the
agreements referred to in clauses (i) through (v) 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 
  

					
	 	 	 	 	2005-B-SS 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.

  

					
	 	 	2	 	2005-B-SS Administration Agreement

 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, 
  

					
	 	 	3	 	2005-B-SS Administration Agreement

 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) approvals,
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 90 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 25% of Outstanding Notes, voting together as a single class; 
  

					
	 	 	4	 	2005-B-SS Administration Agreement

 (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 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

  
 (d) the Administrator suffers a Bankruptcy
Event. 
  
 (e) 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. 
  
 (f) 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 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. 
  

					
	 	 	5	 	2005-B-SS Administration Agreement

 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-B-SS
 1680 Capital
One Drive
 McLean, Virginia 22102
 Attention: Manager of
Securitization
 Telephone: (703) 720-1000
 Facsimile: (703)
720-2121

  

					
	 	 	6	 	2005-B-SS Administration Agreement

			
	 	  	 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: Jeanne Oller
 Telephone: (302)
636-6188
 Facsimile: (302) 636-4140
  

	(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-B-SS
 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 
  

					
	 	 	7	 	2005-B-SS Administration Agreement

 the Owner Trustee (subject to Section 12(e) below); provided that such amendment shall 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 be deemed not to materially and adversely affect
the interests of any Noteholder, and no Opinion of Counsel shall be required, if the Rating Agency Condition is satisfied with respect to such amendment. 
  
 (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. 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 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. 
  

					
	 	 	8	 	2005-B-SS Administration Agreement

 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. 
  
 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. 
  

					
	 	 	9	 	2005-B-SS Administration 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 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 is a third party beneficiary of this Agreement and is
entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it 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. 
  
 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 
  

					
	 	 	10	 	2005-B-SS Administration Agreement

 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. 
  
 [SIGNATURES ON NEXT PAGE] 
  

					
	 	 	11	 	2005-B-SS Administration Agreement

 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-B-SS

	
	 By: Wilmington Trust Company, not in its
 individual capacity but solely as Owner Trustee

		
	By:	 	 /s/ Michele C. Harra

	Name:	 	Michele C. Harra
	Title:	 	Financial Services Officer

  

					
	 	 	S-1	 	2005-B-SS Administration Agreement

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

	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President

  

					
	 	 	S-2	 	2005-B-SS Administration Agreement

			
	JPMORGAN CHASE BANK, N.A., as Indenture
Trustee
		
	By:	 	 /s/ Aranka R. Paul

	Name:	 	Aranka R. Paul
	Title:	 	Assistant Vice President

  

					
	 	 	S-3	 	2005-B-SS Administration Agreement

 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

  

					
	 	 	S-4	 	2005-B-SS Administration Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]