Document:

Sale and Servicing Agreement

 Exhibit 10.2 
  

 SALE AND SERVICING AGREEMENT 
 by and between 
 CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2006-1 
 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 March 9, 2006 
  

 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
			
	 ARTICLE III
	  	ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY	  	6
				
	 SECTION 3.1
	  		  	Duties of Servicer	  	6
				
	 SECTION 3.2
	  		  	Collection of Receivable Payments	  	7
				
	 SECTION 3.3
	  		  	Repossession of Financed Vehicles	  	8
				
	 SECTION 3.4
	  		  	Maintenance of Security Interests in Financed Vehicles	  	8
				
	 SECTION 3.5
	  		  	Covenants of Servicer	  	8
				
	 SECTION 3.6
	  		  	Purchase of Receivables Upon Breach	  	9
				
	 SECTION 3.7
	  		  	Servicing Fee	  	9
				
	 SECTION 3.8
	  		  	Servicer’s Certificate	  	9
				
	 SECTION 3.9
	  		  	Annual Officer’s Certificate; Notice of Servicer Termination Event	  	9
				
	 SECTION 3.10
	  		  	Annual Servicing Report of Independent Public Accountants	  	10
				
	 SECTION 3.11
	  		  	Servicer Expenses	  	10
				
	 SECTION 3.12
	  		  	1934 Act Filings	  	10
			
	 ARTICLE IV
	  	DISTRIBUTIONS; ACCOUNTS STATEMENTS TO THE RESIDUAL INTERESTHOLDERS AND THE NOTEHOLDERS	  	10
				
	 SECTION 4.1
	  		  	Establishment of Accounts	  	10
				
	 SECTION 4.2
	  		  	Remittances	  	12
				
	 SECTION 4.3
	  		  	Additional Deposits and Payments	  	12
				
	 SECTION 4.4
	  		  	Distributions	  	13

  

					
		 	-i-	  	Sale and Servicing Agreement (2006-1)

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	 	  	Page
	 SECTION 4.5
	  		  	Net Deposits	  	15
				
	 SECTION 4.6
	  		  	Statements to Residual Interestholders and Noteholders	  	15
				
	 SECTION 4.7
	  		  	No Duty to Confirm	  	16
			
	 ARTICLE V
	  	THE SELLER	  	16
				
	 SECTION 5.1
	  		  	Representations and Warranties of Seller	  	16
				
	 SECTION 5.2
	  		  	Liability of the Seller; Indemnities	  	18
				
	 SECTION 5.3
	  		  	Merger or Consolidation of, or Assumption of the Obligations of, Seller	  	19
				
	 SECTION 5.4
	  		  	Limitation on Liability of Seller and Others	  	19
				
	 SECTION 5.5
	  		  	Seller May Own Notes	  	20
				
	 SECTION 5.6
	  		  	Sarbanes-Oxley Act Requirements	  	20
				
	 SECTION 5.7
	  		  	Compliance with Organizational Documents	  	20
				
	 SECTION 5.8
	  		  	Perfection Representations, Warranties and Covenants	  	20
			
	 ARTICLE VI
	  	THE SERVICER	  	20
				
	 SECTION 6.1
	  		  	Representations of Servicer	  	20
				
	 SECTION 6.2
	  		  	Indemnities of Servicer	  	21
				
	 SECTION 6.3
	  		  	Merger or Consolidation of, or Assumption of the Obligations of, Servicer	  	23
				
	 SECTION 6.4
	  		  	Limitation on Liability of Servicer and Others	  	23
				
	 SECTION 6.5
	  		  	Delegation of Duties	  	24
				
	 SECTION 6.6
	  		  	COAF Not to Resign as Servicer	  	24
				
	 SECTION 6.7
	  		  	Servicer May Own Notes	  	24
			
	 ARTICLE VII
	  	TERMINATION OF SERVICER	  	25
				
	 SECTION 7.1
	  		  	Termination of Servicer	  	25
				
	 SECTION 7.2
	  		  	Notification to Noteholders	  	26
			
	 ARTICLE VIII
	  	OPTIONAL PURCHASE	  	26
				
	 SECTION 8.1
	  		  	Optional Purchase of Trust Estate	  	26
			
	 ARTICLE IX
	  	MISCELLANEOUS PROVISIONS	  	26
				
	 SECTION 9.1
	  		  	Amendment	  	26
				
	 SECTION 9.2
	  		  	Protection of Title	  	27
				
	 SECTION 9.3
	  		  	Other Liens or Interests	  	28

  

					
		 	-ii-	  	Sale and Servicing Agreement (2006-1)

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	 	  	Page
	 SECTION 9.4
	  		  	Transfers Intended as Sale; Security Interest	  	29
				
	 SECTION 9.5
	  		  	Information Requests	  	30
				
	 SECTION 9.6
	  		  	Notices, Etc	  	30
				
	 SECTION 9.7
	  		  	Choice of Law	  	30
				
	 SECTION 9.8
	  		  	Headings	  	30
				
	 SECTION 9.9
	  		  	Counterparts	  	30
				
	 SECTION 9.10
	  		  	Waivers	  	30
				
	 SECTION 9.11
	  		  	Entire Agreement	  	30
				
	 SECTION 9.12
	  		  	Severability of Provisions	  	31
				
	 SECTION 9.13
	  		  	Binding Effect	  	31
				
	 SECTION 9.14
	  		  	Acknowledgment and Agreement	  	31
				
	 SECTION 9.15
	  		  	Cumulative Remedies	  	31
				
	 SECTION 9.16
	  		  	Nonpetition Covenant	  	31
				
	 SECTION 9.17
	  		  	Submission to Jurisdiction; Waiver of Jury Trial	  	31
				
	 SECTION 9.18
	  		  	Limitation of Liability	  	32
				
	 SECTION 9.19
	  		  	Third-Party Beneficiaries	  	33
				
	 SECTION 9.20
	  		  	RESERVED	  	33
				
	 SECTION 9.21
	  		  	Regulation AB	  	33
				
	 SECTION 9.22
	  		  	Information to Be Provided by the Indenture Trustee	  	33

  

			
	Schedule I	    	Representations and Warranties with Respect to the Receivables
	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
	Exhibit E	    	Servicing Criteria to be Addressed in Indenture Trustee’s Assessment of Compliance
	Exhibit F	    	Form of Indenture Trustee’s Annual Certification
		
	Appendix A	    	Definitions

  

					
		 	-iii-	  	Sale and Servicing Agreement (2006-1)

 SALE AND SERVICING AGREEMENT, dated as of March 9, 2006 (as amended, supplemented or otherwise
modified and in effect from time to time, this “Agreement”), by and between CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2006-1, 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 loans that are secured by new and used automobiles, light-duty trucks and motorcycles; 

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 (2006-1)

 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 the Originators to the Obligors 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 the Originators to the Obligors 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 (2006-1)

 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 of or was notified of such breach. Any such breach or failure will not be deemed to have a material and
adverse effect if such breach or failure does not affect the ability of the Issuer to receive and retain timely payment in full on such Receivable. 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 the date of such repurchase. Upon
payment of such Repurchase Price by the Seller, the Issuer and the Indenture Trustee 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; 

  

					
		 	3	  	Sale and Servicing Agreement (2006-1)

	 	(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 file, in accordance with its Customary Servicing Practices, evidencing the security interest of the related 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, (ii) maintain custody of all or any portion of the Receivable Files with one or more of its agents or designees,
and (iii) with respect to those Receivables the form of which consists in part of a check to be endorsed by the Obligor, maintain either an image of such endorsed check or such other information or records evidencing such endorsement as
permitted or provided by clearing house rules, rules and regulations of the Federal Reserve Board, or other established systems for the transmission of payments within the banking system. 
 (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. 
  

					
		 	4	  	Sale and Servicing Agreement (2006-1)

 (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. 
 (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 
  

					
		 	5	  	Sale and Servicing Agreement (2006-1)

 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 Holders of the Notes. 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 6.98%, (ii) increase the weighted average remaining term to maturity of the Receivables included in the Transferred Assets to greater than 58 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% of the aggregate Principal Balance of the Receivables (except with respect to California).

 (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 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. 
 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 
  

					
		 	6	  	Sale and Servicing Agreement (2006-1)

 Receivables 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 (if applicable), reporting any required tax information to Obligors, accounting for Collections and furnishing monthly and annual statements to the Indenture
Trustee with respect to distributions. 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 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 
  

					
		 	7	  	Sale and Servicing Agreement (2006-1)

 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 B 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 will follow such Customary Servicing Practices as it deems necessary
or advisable in selling the 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. 
 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 amount 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 accordance with its Customary Servicing Practices, in
connection with a settlement in the event the Receivable becomes a Defaulted Receivable or (C) in accordance with its Customary Servicing Practices, in connection with a Cram Down Loss relating to such Receivable. 
  

					
		 	8	  	Sale and Servicing Agreement (2006-1)

 SECTION 3.6 Purchase of Receivables Upon Breach. Upon discovery by any party hereto of a breach of
any of the covenants set forth in Section 3.2, 3.3, 3.4 or 3.5 which materially and adversely affects the interests of the Issuer, the Noteholders or the Indenture Trustee 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 interest 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 breach or failure will not be deemed to have a material and adverse effect if such breach or failure does not affect the ability of the Issuer to receive and retain timely
payment in full on such Receivable. 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 the date of such repurchase. Upon payment of such Repurchase Price by the Servicer, the Issuer and the Indenture Trustee 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 Servicer 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. 
 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, 2007, an Officer’s Certificate of the Servicer (with appropriate insertions) providing such information as is required under Item 1123 of Regulation
AB. 
  

					
		 	9	  	Sale and Servicing Agreement (2006-1)

 (b) The Servicer will deliver to the Issuer, the Indenture Trustee and each Rating Agency promptly after
having obtained knowledge thereof, but in no event later than five (5) Business Days after having obtained such knowledge, 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. 
 (c) The Servicer will deliver to the Issuer, on or before March 30 of each year, beginning
on March 30, 2007, a report regarding the Servicer’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under paragraph (b) of Rule 13a-18, Rule 15d-18 of the Exchange Act
and Item 1122 of Regulation AB. 
 SECTION 3.10 Annual Servicing Report of Independent Public Accountants. On or before the 90th
day following the end of each fiscal year, beginning with the fiscal year ending December 31, 2006, the Servicer shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Servicer, the
Seller or their respective Affiliates) to furnish to the Indenture Trustee, the Servicer, the Seller and each Rating Agency each attestation report on assessments of compliance with the Servicing Criteria with respect to the Servicer or any
affiliate thereof during the related fiscal year delivered by such accountants pursuant to paragraph (c) of Rule 13a-18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 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. 
 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 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 Noteholders, 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. 

  

					
		 	10	  	Sale and Servicing Agreement (2006-1)

	 	(ii)	For the benefit of the Noteholders, 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 Noteholders, 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 Noteholders, 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 (collectively, the
“Trust Accounts”) 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 Noteholders. 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. 
  

					
		 	11	  	Sale and Servicing Agreement (2006-1)

 (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 
  

					
		 	12	  	Sale and Servicing Agreement (2006-1)

 (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 “F1” 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. 
 SECTION 4.3 Additional Deposits and Payments. (a) On the date of a repurchase of a
Receivable by the Seller pursuant to Section 2.3 or the purchase of a Receivable by the Servicer pursuant to Section 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 
  

					
		 	13	  	Sale and Servicing Agreement (2006-1)

 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 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, on a pro rata basis to the Class A Noteholders, 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 Class B Noteholders, 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 Reserve
Account, any additional amount required to increase the amount on deposit in the Reserve Account up to the Specified Reserve Account Balance; 
 (8) eighth, 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 
 (9) ninth, 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. 
  

					
		 	14	  	Sale and Servicing Agreement (2006-1)

 (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 Residual Interestholders and Noteholders. 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 A-4 Note Balance and the Class B Note Balance, 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; 
 (d) the First Allocation of Principal and the Second 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 amounts of the Class A Noteholders’ Interest
Carryover Shortfall and the Class B Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amounts from the preceding Payment Date; 
  

					
		 	15	  	Sale and Servicing Agreement (2006-1)

 (h) 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; 
 (i) the amount on deposit in the Pre-Funding Account (until the
termination of the Funding Period); and 
 (j) the amount of fees to be paid to the Indenture Trustee and the Owner Trustee with respect to
the related Payment Date. 
 Each amount set forth pursuant to clause (a) or (g) 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. 
 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 
  

					
		 	16	  	Sale and Servicing Agreement (2006-1)

 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 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 have a material adverse effect on the Noteholders, 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. 
  

					
		 	17	  	Sale and Servicing Agreement (2006-1)

 (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 the 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 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 
  

					
		 	18	  	Sale and Servicing Agreement (2006-1)

 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 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. 
  

					
		 	19	  	Sale and Servicing Agreement (2006-1)

 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. 
 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. 
  

					
		 	20	  	Sale and Servicing Agreement (2006-1)

 (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. 
 (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. 
  

					
		 	21	  	Sale and Servicing Agreement (2006-1)

 (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 3.6. 
 (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. 
  

					
		 	22	  	Sale and Servicing Agreement (2006-1)

 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 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 
  

					
		 	23	  	Sale and Servicing Agreement (2006-1)

 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 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 
  

					
		 	24	  	Sale and Servicing Agreement (2006-1)

 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 Note Balance 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 7.1, 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 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

  

					
		 	25	  	Sale and Servicing Agreement (2006-1)

 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) (A) the Initial
Pre-Funding Account Deposit Amount divided by (B) 97.75%. 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. 
 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 
  

					
		 	26	  	Sale and Servicing Agreement (2006-1)

 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 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 Purchased Assets (other than any Purchased Asset
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. 
  

					
		 	27	  	Sale and Servicing Agreement (2006-1)

 (b) None of the Issuer, the Seller or 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 Receivable is owned by the Issuer and has
been pledged to the Indenture Trustee pursuant to the Indenture. Indication of the Issuer’s and 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.

 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

  

					
		 	28	  	Sale and Servicing Agreement (2006-1)

 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 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. 

  

					
		 	29	  	Sale and Servicing Agreement (2006-1)

 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. 
 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 
  

					
		 	30	  	Sale and Servicing Agreement (2006-1)

 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 pursuant to the Indenture for the benefit of the Noteholders. 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 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; 
  

					
		 	31	  	Sale and Servicing Agreement (2006-1)

 (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 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 only for its actions as Indenture Trustee hereunder and under the Indenture. Under no circumstances shall the Indenture Trustee be 
  

					
		 	32	  	Sale and Servicing Agreement (2006-1)

 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 express
third party beneficiaries hereof and may enforce the provisions hereof as if they were parties hereto. Except as otherwise provided in this Section, no other Person will have any right hereunder. 
 SECTION 9.20 RESERVED. 
 SECTION 9.21
Regulation AB. The Seller and the Servicer acknowledge and agree that the purpose of this Section 9.21 is to facilitate compliance by the Seller with the provisions of Regulation AB and related rules and regulations of the Commission. The
Seller shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and
regulations of the Commission under the Securities Act and the Exchange Act. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or
its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Seller in good faith for delivery of information under these provisions on the basis of
evolving interpretations of Regulation AB. The Servicer shall cooperate fully with the Seller and the Issuer to deliver to the Seller and the Issuer (including any of its assignees or designees) any and all statements, reports, certifications,
records and any other information necessary in the good faith determination of the Seller or the Issuer to permit the Seller to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer and the Receivables,
or the servicing of the Receivables, reasonably believed by the Servicer to be necessary in order to effect such compliance. 
 SECTION 9.22
Information to Be Provided by the Indenture Trustee. (a) For so long as the Issuer is required to report under the Exchange Act, the Indenture Trustee shall (i) on or before the fifth Business Day of each month, provide to the Seller, in
writing, such information regarding the Indenture Trustee as is requested by the Seller for the purpose of compliance with Item 1117 of Regulation AB; provided, however, that the Indenture Trustee shall not be required to provide such
information in the event that there has been no change to the information previously provided by the Indenture Trustee to Seller, and (ii) as promptly as practicable following notice to or discovery by a Responsible Officer of the Indenture Trustee
of any changes to such information, provide to the Seller, in writing, such updated information. 
 (b) As soon as available but no later
than March 15 of each calendar year for so long as the Issuer is required to report under the Exchange Act, commencing in 2007, the Indenture Trustee shall: 
 (i) deliver to the Seller a report regarding the Indenture Trustee’s assessment of compliance with the Servicing Criteria during the
immediately preceding calendar year, as required under paragraph (b) of Rule 13a-18, Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. Such report shall be signed by an authorized officer of the Indenture Trustee, and shall
address each of the Servicing Criteria specified in Exhibit E or such criteria as mutually agreed upon by the Seller and the Indenture Trustee; 
  

					
		 	33	  	Sale and Servicing Agreement (2006-1)

 (ii) deliver to the Seller a report of a registered public accounting firm that attests
to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered pursuant to the preceding paragraph. Such attestation shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act
and the Exchange Act; and 
 (iii) deliver to the Seller and any other Person that will be responsible for signing the
certification (a “Sarbanes Certification”) required by Rules 13a-14(d) and 15d-14(d) under the Exchange Act (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002) on behalf of the Issuer or the Seller substantially in the form
attached hereto as Exhibit F or such form as mutually agreed upon by the Seller and the Indenture Trustee. 
 The
Indenture Trustee acknowledges that the parties identified in clause (iii) above may rely on the certification provided by the Indenture Trustee pursuant to such clause in signing a Sarbanes Certification and filing such with the Commission.

 [SIGNATURES FOLLOW] 
  

					
		 	34	  	Sale and Servicing Agreement (2006-1)

 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 (2006-1)

			
	CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2006-1, as Issuer
		
	By:	 	WILMINGTON TRUST COMPANY,
		 	not in its individual capacity but
		 	solely as Owner Trustee
		
	By:	 	 /s/ Joann A. Rozell

	Name:	 	Joann A. Rozell
	Title:	 	Assistant Vice President

  

					
		 	S-2	  	Sale and Servicing Agreement (2006-1)

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

	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President

  

					
		 	S-3	  	Sale and Servicing Agreement (2006-1)

			
	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 (2006-1)

 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 (as defined in the UCC) by the Obligor thereto; 
 (ii) has been originated directly by the related 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 related 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 related Originator, as secured party, which security interest, in either case, is assignable and has been so assigned by the related Originator to COAF, if applicable, 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 monthly 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; 
 (viii) is secured by a new or used automobile, light-duty truck or motorcycle; 
 (ix) has a
Contract Rate of no less than 2.0% and not more than 15.0%; 
 (x) had an original term to maturity of not more than 72 months
and not less than 12 months and each Receivable has a remaining term to maturity, as of its respective Cut-Off Date, of four months or more; 
 (xi) had an original Principal Balance less than or equal to $100,000; 
  

					
		 	I-1	 	 Schedule I to the
 Sale and Servicing Agreement

 (xii) has a Principal Balance on its respective Cut-Off Date of greater than or equal to
$500; 
 (xiii) the final Scheduled Payment is due on or before June 2012; 
 (xiv) was not more than 30 days past due as of its Cut-Off Date; 
 (xv) the related Originator has not received notice that the related Obligor has filed for bankruptcy, and to the best of the related
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; 
 (xviii) was selected using no materially adverse selection
procedures; and 
 (xix) all payments by the related Obligor with respect to such Receivable are paid into an account in which
no entity is a “secured party” within the meaning of Article 9 of the UCC. 
  

	(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 the Originators, COAF or the Seller that include a description of collateral covering the Receivables 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 Prime Auto Receivables Trust 2006-1 
 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 a 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) 623-5932 
 Attention: Worldwide Securities Services/Structured Finance Services – Capital One Prime 
 Auto Receivables 
     Trust 2006-1 
 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 March 9, 2006 (as amended
or supplemented from time to time, the “Indenture”) by and between Capital One Prime Auto Receivables Trust 2006-1 (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             , 200[  ] 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 March 9, 2006 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:
                        , 2006 
 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:
                                        ,
200[  ]

	
	CAPITAL ONE PRIME AUTO RECEIVABLES
	TRUST 2006-1
		
	By:	 	Capital One Auto Finance, Inc., as Administrator
		
	By:	 	     

	Name:	 	
	Title:	 	

  

					
		 	A-1	 	 Exhibit A to the
 Sale and Servicing Agreement

 Schedule 1 
 SCHEDULE OF RECEIVABLES 
  

					
		 	A-2	 	 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 PRIME AUTO RECEIVABLES TRUST 2006-1 
 [DATE] 
 This Officer’s Certificate is being delivered in accordance with
Section 2.5 of that certain Sale and Servicing Agreement dated as of March 9, 2006 (as amended, modified or supplemented from time to time, the “Sale and Servicing Agreement”) by and between Capital One Prime Auto
Receivables Trust 2006-1 (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
                    , 200[  ] (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 5.1 of the Sale and Servicing Agreement are
true and correct as of the date hereof; 
 (b) 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; 
 (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

			
	 CAPITAL ONE PRIME AUTO RECEIVABLES TRUST
 2006-1

		
	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 March 9, 2006, by and
between Capital One Prime Auto Receivables Trust 2006-1, 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 the Originator to the Obligors, 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 related 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/Purchaser”. 
  

					
		 	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.

 Survival of Perfection Representations 
 12. 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. 
 No Waiver 
 13. 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.

  

					
		 	D-2	 	 Exhibit D to the
 Sale and Servicing Agreement

 Servicer to Maintain Perfection and Priority 
 14. 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 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

 EXHIBIT E 
 SERVICING CRITERIA TO BE ADDRESSED IN 
 INDENTURE TRUSTEE’S ASSESSMENT OF COMPLIANCE

 The assessment of compliance to be delivered by the Indenture Trustee shall address, at a minimum, the criteria identified as below as
“Applicable Servicing Criteria”: 
  

					
	 Servicing
Criteria
	  	Applicable
Servicing Criteria
	 Reference
	  	 Criteria
	  	 
		  	General Servicing Considerations	  	
			
	 1122(d)(1)(i)
	  	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	  	
			
	 1122(d)(1)(ii)
	  	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing
activities.	  	
			
	 1122(d)(1)(iii)
	  	Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.	  	
			
	 1122(d)(1)(iv)
	  	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and
otherwise in accordance with the terms of the transaction agreements.	  	
			
		  	Cash Collection and Administration	  	
			
	 1122(d)(2)(i)
	  	Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of
days specified in the transaction agreements.	  	ü1
			
	 1122(d)(2)(ii)
	  	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	  	ü
			
	 1122(d)(2)(iii)
	  	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the
transaction agreements.	  	
			
	 1122(d)(2)(iv)
	  	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling
of cash) as set forth in the transaction agreements.	  	
			
	 1122(d)(2)(v)
	  	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository
institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.	  	
			
	 1122(d)(2)(vi)
	  	Unissued checks are safeguarded so as to prevent unauthorized access.	  	
			
	 1122(d)(2)(vii)
	  	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are
(A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the
reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	  	

	1	Solely with regard to deposits made by the Indenture Trustee. 

  

					
		 	E-1	 	 Exhibit E to the
 Sale and Servicing Agreement

					
	 Servicing
Criteria
	  	Applicable
Servicing Criteria
	 Reference
	  	 Criteria
	  	 
		  	Investor Remittances and Reporting	  	
			
	 1122(d)(3)(i)
	  	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such
reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the
Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.	  	
			
	 1122(d)(3)(ii)
	  	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	  	ü
			
	 1122(d)(3)(iii)
	  	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.	  	ü
			
	 1122(d)(3)(iv)
	  	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	  	ü
			
		  	Pool Asset Administration	  	
			
	 1122(d)(4)(i)
	  	Collateral or security on pool assets is maintained as required by the transaction agreements or related asset pool documents.	  	
			
	 1122(d)(4)(ii)
	  	Pool assets and related documents are safeguarded as required by the transaction agreements	  	
			
	 1122(d)(4)(iii)
	  	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	  	
			
	 1122(d)(4)(iv)
	  	Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business
days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related asset pool documents.	  	
			
	 1122(d)(4)(v)
	  	The Servicer’s records regarding the accounts and the accounts agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.	  	
			
	 1122(d)(4)(vi)
	  	Changes with respect to the terms or status of an obligor’s account (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the
transaction agreements and related pool asset documents.	  	
			
	 1122(d)(4)(vii)
	  	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and
concluded in accordance with the timeframes or other requirements established by the transaction agreements.	  	
			
	 1122(d)(4)(viii)
	  	Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a
monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where
delinquency is deemed temporary (e.g., illness or unemployment).	  	
			
	 1122(d)(4)(ix)
	  	Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.	  	

  

					
		 	E-2	 	 Exhibit E to the
 Sale and Servicing Agreement

					
	 Servicing
Criteria
	  	Applicable
Servicing Criteria
	 Reference
	  	 Criteria
	  	 
	 1122(d)(4)(x)
	  	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s Account documents, on at least an annual basis,
or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable Account documents and state laws; and (C) such funds are returned to the obligor within 30
calendar days of full repayment of the related Accounts, or such other number of days specified in the transaction agreements.	  	
			
	 1122(d)(4)(xi)
	  	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such
payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	  	
			
	 1122(d)(4)(xii)
	  	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was
due to the obligor’s error or omission.	  	
			
	 1122(d)(4)(xiii)
	  	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such other number of days specified in the transaction
agreements.	  	
			
	 1122(d)(4)(xiv)
	  	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	  	
			
	 1122(d)(4)(xv)
	  	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.	  	

  

					
		 	E-3	 	 Exhibit E to the
 Sale and Servicing Agreement

 EXHIBIT F 
 FORM OF INDENTURE TRUSTEE’S ANNUAL CERTIFICATION 
  

	Re:	CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2006-1 

 JPMorgan Chase Bank, NA, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), certifies to Capital One Auto Receivables, LLC (the “Seller”), and its officers, with the knowledge and
intent that they will rely upon this certification, that: 
 (1) It has reviewed the report on assessment of the Indenture
Trustee’s compliance provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Item 1122 of Regulation AB (the “Servicing Assessment”), and the
registered public accounting firm’s attestation report provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”) that were delivered by the
Indenture Trustee to the Seller pursuant to the Sale and Servicing Agreement (the “Agreement”), dated as of March 9, 2006, by and between Capital One Auto Finance Inc., the Seller, the Indenture Trustee and Capital One Prime Auto
Receivables Trust 2006-1 (collectively, the “Indenture Trustee Information”); 
 (2) To the best of its knowledge,
the Indenture Trustee Information, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were
made, not misleading with respect to the period of time covered by the Indenture Trustee Information; 
 (3) To the best of
its knowledge, all of the Indenture Trustee Information required to be provided by the Indenture Trustee under the Agreement has been provided to the Seller; and 
 (4) To the best of its knowledge, except as disclosed in the Servicing Assessment or the Attestation Report, the Indenture Trustee has
fulfilled its obligations under the Agreement. 
  

			
	JPMORGAN CHASE BANK, N.A., not in its individual capacity but solely As Indenture Trustee
		
	Date:	 	_____________
		
	By:	 	     

	Name:	 	
	Title:	 	

  

					
		 	F-1	 	 Exhibit F 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. 
 “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. 
 “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 
  

					
		 		  	Definitions (2006-1)

 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 during the related Collection Period, (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 sixth 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. 
 “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. 
  

					
		 	2	  	Definitions (2006-1)

 “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. 
 “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 A-4 Notes and the Class B Notes. 
 “Class A Notes” shall mean, collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 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. 
 “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, the Class A-3 Notes and the Class A-4 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 March 2007. 
  

					
		 	3	  	Definitions (2006-1)

 “Class A-1 Interest Rate” means 4.872% 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 November 2008. 
 “Class
A-2 Interest Rate” means 5.04% 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 September 2010. 

“Class A-3 Interest Rate” means 4.99% 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. 
 “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 A-4 Final Scheduled Payment Date” shall mean the
Payment Date occurring in November 2011. 
 “Class A-4 Interest Rate” means 5.01% per annum (computed on the basis of a
360-day year of twelve 30-day months). 
  

					
		 	4	  	Definitions (2006-1)

 “Class A-4 Note Balance” means, at any time, the Initial Class A-4 Note Balance
reduced by all payments of principal made prior to such time on the Class A-4 Notes. 
 “Class A-4 Noteholder” shall
mean the Person in whose name a Class A-4 Note is registered on the Note Register. 
 “Class A-4 Notes” means the Class
of Auto Loan Asset Backed Notes designated as Class A-4 Notes, issued in accordance with the Indenture. 
 “Class B Final
Scheduled Payment Date” shall mean the Payment Date occurring in January 2013. 
 “Class B Interest Rate” means
5.13% 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. 
 “Clearing Agency” means an organization
registered as a “clearing agency” pursuant to Section 17A of the Exchange Act and shall initially be DTC. 
 “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 March 9, 2006. 
  

					
		 	5	  	Definitions (2006-1)

 “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 March 31, 2006). 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 thereafter the Class B Notes as long as any Class B Notes are
Outstanding (excluding, in each case, Notes held by the Servicer or any of its Affiliates). 
  

					
		 	6	  	Definitions (2006-1)

 “Corporate Trust Office” means: 
 (a) 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 the Notes, 2001 Bryan Street, 10th Floor, Dallas, Texas 75201, Attention: Worldwide Securities Services/Structured Finance Services – Capital One Prime Auto Receivables Trust 2006-1 and
(ii) for all other purposes, 4 New York Plaza, 6th Floor, New York, New York 10004-2477 (telecopier no.
(212) 623-5932), Attention: Worldwide Securities Services/Structured Finance Services – Capital One Prime Auto Receivables Trust 2006-1, 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 
 (b) 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. 
 “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 or 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. 
 “Default” means any occurrence that is, or with notice or lapse of time or both would become, an Event of
Default. 
  

					
		 	7	  	Definitions (2006-1)

 “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. 
 “Delivery” when used with respect to Trust Account Property means: 
 (a) with respect to
(I) bankers’ acceptances, commercial paper, 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 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; 
  

					
		 	8	  	Definitions (2006-1)

 (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 depository 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 depository 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 depository 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 
 (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 April 12, 2006. 
 “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 
  

					
		 	9	  	Definitions (2006-1)

 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, “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, “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 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+, 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+, from Moody’s
of Prime-1 and from Fitch of F1, if rated by Fitch; 
  

					
		 	10	  	Definitions (2006-1)

 (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, 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. 
 “Event of
Default” has the meaning set forth in Section 5.1 of the Indenture. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended. 
 “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 A-4 Notes, the Class A-4 Final Scheduled Payment Date and (v) the Class B Notes, the Class B Final Scheduled Payment Date. 
 “Financed Vehicle” means an automobile, light-duty truck or motorcycle, 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 minus (iii) the YSOC Amount; 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. 
 “Fitch” means Fitch, Inc., or any successor that is a nationally recognized statistical rating organization. 
  

					
		 	11	  	Definitions (2006-1)

 “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) April 30, 2006, (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, a 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 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. 
 “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 
  

					
		 	12	  	Definitions (2006-1)

 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 $212,000,000. 
 “Initial Class A-2 Note Balance” means $247,000,000. 
 “Initial Class A-3 Note
Balance” means $365,000,000. 
 “Initial Class A-4 Note Balance” means $146,844,000. 
 “Initial Class B Note Balance” means $29,156,000. 
 “Initial Cut-Off Date” means March 2, 2006. 
 “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 A-4 Note Balance or the Initial Class B 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
$154,690,100.35. 
 “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 $10,261,448.53, 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 (in
each case assuming that the Payment Date for the Class A-2 Notes, the Class A-3 Notes and the Class B Notes is always the 15th day of the calendar month in which that Payment Date occurs). 
  

					
		 	13	  	Definitions (2006-1)

 “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 A-4
Notes, the Class A-4 Interest Rate or (e) with respect to the Class B Notes, the Class B Interest Rate. 
 “Internal
Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto, and the regulations promulgated and the rulings issued thereunder. 
 “Issuer” means Capital One Prime Auto Receivables Trust 2006-1, 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 $1,613,776.92. 
 “Note” means a Class A-1 Note, Class A-2 Note, Class A-3 Note, Class A-4 Note or Class B Note, in each case
substantially in the forms of Exhibit A to the Indenture. 
  

					
		 	14	  	Definitions (2006-1)

 “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 A-4 Note Balance or the Class B 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 Issuer 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. 
 “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. 
 “Onyx” means Onyx Acceptance Corporation, a Delaware Corporation, and its successors and
assigns. 
 “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. 
  

					
		 	15	  	Definitions (2006-1)

 “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, or Onyx, as applicable. 
 “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. 
  

					
		 	16	  	Definitions (2006-1)

 “Payment Date” means the 15th day of each calendar month beginning April 17, 2006;
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 segregated trust 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. 
  

					
		 	17	  	Definitions (2006-1)

 “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 2.2 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, light-duty truck or motorcycle 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” is defined in
Section 2.4(a) of the Sale and Servicing Agreement. 
 “Receivables Purchase Price” means, with respect to any
Subsequent Receivables, 97.75% 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 97.75% 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. 
  

					
		 	18	  	Definitions (2006-1)

 “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) the unpaid Note Balance 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. 
 “Regulation AB” means Subpart 229.1100 – Asset Backed
Securities (Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such regulation may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release
(Asset-Backed Securities, Securities Act Release No. 33-8518. 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided in writing by the Commission or its staff from time to time. 
 “Related Security” means, for any Receivable, (i) the security interest in the related Financed Vehicle, (ii) any proceeds
from claims on any Insurance Policy and 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 of the Sale and Servicing Agreement. 
 “Reserve Account” means the segregated trust 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 sixth 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. 
  

					
		 	19	  	Definitions (2006-1)

 “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, in each case, 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. 
 “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 Certification” has the meaning set forth in Section 9.22(b) of the Sale and Servicing Agreement. 
 “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. 
  

					
		 	20	  	Definitions (2006-1)

 “Second 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 Notes as such Payment Date minus the First Allocation of Principal for 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 (iii) the YSOC Amount; provided, however, that the Second Allocation of Principal for any Payment
Date on and after the Final Scheduled Payment Date for any Class of Notes shall not be less than the amount that is necessary to reduce the Note Balance of that Class 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 a 25% of the Note Balance of the Notes, 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 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 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 of the
Notes, 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 3.6 of the Sale and Servicing Agreement; or 
 (c) the Servicer suffers a Bankruptcy
Event. 
  

					
		 	21	  	Definitions (2006-1)

 “Servicing Criteria” shall mean the “servicing criteria” set forth in
Item 1122(d) of Regulation AB. 
 “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
$348,309.00. 
 “Servicing Fee Rate” means 0.50% 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” for any Payment Date means the sum of (x) the greater of
(a) 0.50% of the sum of (i) the Pool Balance as of the Initial Cut-Off Date and (ii) the aggregate Principal Balance of all Subsequent Receivables, calculated as of their respective Subsequent Cut-Off Dates, transferred on any Funding
Date on or prior to that Payment Date and (b) 2.00% of the Pool Balance as of the last day of the preceding calendar month, and (y) 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 aggregate Note Balance of the Class A Notes and the Class B Notes after giving effect to all payments 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. 
 “Subsequent
Receivable” means a Receivable transferred to the Issuer by the Seller on a Funding Date. 
  

					
		 	22	  	Definitions (2006-1)

 “Subsequent Reserve Account Deposit Amount” means, with respect to a Funding Date, an
amount equal to 1.00% of the aggregate Principal Balance of the Subsequent Receivables transferred on such Funding Date as of the related Subsequent Cut-Off 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. 
 “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. 
 “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. 
 “Trust Accounts” has the meaning set forth in Section 4.1 of the Sale and Servicing Agreement. 
 “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
January 20, 2006, 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 and all Receivable Files, Related Security and Collections thereon, (ii) the security interests in the Financed
Vehicles, (iii) any proceeds from claims on any Insurance Policy and refunds in connection with extended service agreements relating to Receivables which became Defaulted Receivables after the applicable Cut-Off Date, (iv) any other
property securing the Receivables, (v) the rights of the Issuer to the funds on deposit from time to time in the Trust Accounts and 
  

					
		 	23	  	Definitions (2006-1)

 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), (vi) the rights of the Seller, as buyer,
under the Purchase Agreement, (vii) rights under the Sale and Servicing Agreement and the Limited Guaranty, and (viii) 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). 
 “YSOC Amount” means, with respect to each Payment Date, the product of 2.25% and the
Pool Balance as of the last day of the related Collection Period. 
 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. 
  

					
		 	24	  	Definitions (2006-1)Administration Agreement

 Exhibit 10.3 
  

 ADMINISTRATION AGREEMENT 
 between 
 CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2006-1, 
 as Issuer, 
 CAPITAL ONE AUTO
FINANCE, INC., 
 as Administrator 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as Indenture Trustee 
 Dated as of March 9, 2006 
  

  

					
		 		 	2006-1 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
	  	8
	14.	  	 Headings
	  	9
	15.	  	 Counterparts
	  	9
	16.	  	 Severability of Provisions
	  	9
	17.	  	 Not Applicable to COAF in Other Capacities
	  	9
	18.	  	 Benefits of the Administration Agreement
	  	9
	19.	  	 Assignment
	  	9
	20.	  	 Nonpetition Covenant
	  	10
	21.	  	 Limitation of Liability
	  	10

  

					
		 	-i-	 	2006-1 Administration Agreement

 THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of March 9, 2006, is between
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2006-1, 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 March 9, 2006 (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 
  

					
		 		 	2006-1 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	 	2006-1 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	 	2006-1 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) approval, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the
enforceability or collectibility of the Receivables or any other part of the Collateral or would not materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents. 
 (d) Binding Effect. Each Transaction Document to which the Administrator is a party constitutes the legal, valid and binding
obligation of the Administrator enforceable against the Administrator in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other
similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of limited liability companies from time to time in effect or by general principles of equity. 
 8. Administrator Termination Events; Termination of the Administrator. 
 (a) Subject to clauses (d) and (e) below, the Administrator may resign its duties hereunder by providing the Issuer with at
least sixty (60) days’ prior written notice. 
 (b) Subject to clauses (d) and (e) below, the Issuer may
remove the Administrator without cause by providing the Administrator with at least sixty (60) days’ prior written notice. 
 (c) The occurrence of any one of the following events (each, an “Administrator Termination Event”) shall also entitle the Issuer, subject to Section 19 hereof, to terminate and replace the Administrator:

 (i) any failure by the Administrator to deliver or cause to be delivered any required payment to the Indenture Trustee for
distribution to the Noteholders, which failure continues unremedied for five Business Days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or
Noteholders evidencing at least 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	 	2006-1 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	 	2006-1 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 
  

	 	(b)	if to the Issuer, to: 

 Capital One Prime Auto
Receivables Trust 2006-1 
 1680 Capital One Drive 
 McLean, Virginia 22102 
 Attention: Manager of Securitization 
 Telephone: (703) 720-1000 
 Facsimile:
(703) 720-2121 
 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 
  

					
		 	6	 	2006-1 Administration Agreement

	 	(c)	if to the Owner Trustee, to: 

 Wilmington Trust Company

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

	 	(d)	if to the Indenture Trustee, to: 

 JPMorgan Chase Bank,
N.A. 
 4 New York Plaza, 6th Floor 
 New York, New York 10004-2413 
 Attention: Worldwide Securities Services/ Structured 
 Finance Services – Capital One Prime Auto Receivables 
 Trust 2006-1 
 Telephone: (212) 623-5600 
 Facsimile:
(212) 623-5932 
 or to such other address as any party shall have provided to the other parties in writing. Any notice required to be in writing
hereunder shall be deemed given if such notice is mailed by certified mail, postage prepaid or hand-delivered to the address of such party as provided above. 
 12. Amendments. 
 (a) Any term or provision of this Agreement may be amended by the
Administrator without the consent of the Indenture Trustee, any Noteholder, the Issuer or the Owner Trustee (subject to Section 12(e) below); provided that such amendment shall 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 
  

					
		 	7	 	2006-1 Administration Agreement

 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. 
 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; 
  

					
		 	8	 	2006-1 Administration Agreement

 (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. 
 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 6.10 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. 
  

					
		 	9	 	2006-1 Administration 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 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. 
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		 	10	 	2006-1 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 PRIME AUTO RECEIVABLES TRUST 2006-1
		
	By:	 	Wilmington Trust Company, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 /s/ Joann A. Rozell
  

	Name:	 	Joann A. Rozell
	Title:	 	Assistant Vice President

  

					
		 	S-1	 	2006-1 Administration Agreement

			
	 CAPITAL ONE AUTO FINANCE, INC., as
 Administrator

		
	By:	 	 /s/ Jerry Hamstead
  

	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President

  

					
		 	S-2	 	2006-1 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	 	2006-1 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	 	2006-1 Administration Agreement

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