Document:

Sale and Servicing Agreement

 Exhibit 10.2 
  
 EXECUTION COPY 
  

  
 SALE AND SERVICING AGREEMENT

  
 by and between 
  
 CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2005-1 
  
 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 August 30, 2005 
  

 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 Independent Public Accountants’ Report	  	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
	  	11
				
	 	 	SECTION 4.1	 	Establishment of Accounts	  	11
	 	 	SECTION 4.2	 	Remittances	  	13
	 	 	SECTION 4.3	 	Additional Deposits and Payments	  	13
	 	 	SECTION 4.4	 	Distributions	  	14
	 	 	SECTION 4.5	 	Net Deposits	  	15
	 	 	SECTION 4.6	 	Statements to Residual Interestholders and Noteholders	  	15
	 	 	SECTION 4.7	 	No Duty to Confirm	  	17
	 	 	SECTION 4.8	 	Interest Rate Swap Agreement	  	17
		
	 ARTICLE V             THE SELLER
	  	19
				
	 	 	SECTION 5.1	 	Representations and Warranties of Seller	  	19
	 	 	SECTION 5.2	 	Liability of the Seller; Indemnities	  	20

  

			
	-i-	  	Sale and Servicing Agreement (2005-1)

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	 	 	 	 	  	Page

	 	 	SECTION 5.3	 	Merger or Consolidation of, or Assumption of the Obligations of, Seller	  	21
	 	 	SECTION 5.4	 	Limitation on Liability of Seller and Others	  	22
	 	 	SECTION 5.5	 	Seller May Own Notes	  	22
	 	 	SECTION 5.6	 	Sarbanes-Oxley Act Requirements	  	22
	 	 	SECTION 5.7	 	Compliance with Organizational Documents	  	22
	 	 	SECTION 5.8	 	Perfection Representations, Warranties and Covenants	  	22
		
	 ARTICLE VI           THE SERVICER
	  	23
				
	 	 	SECTION 6.1	 	Representations of Servicer	  	23
	 	 	SECTION 6.2	 	Indemnities of Servicer	  	24
	 	 	SECTION 6.3	 	Merger or Consolidation of, or Assumption of the Obligations of, Servicer	  	25
	 	 	SECTION 6.4	 	Limitation on Liability of Servicer and Others	  	26
	 	 	SECTION 6.5	 	Delegation of Duties	  	26
	 	 	SECTION 6.6	 	COAF Not to Resign as Servicer	  	27
	 	 	SECTION 6.7	 	Servicer May Own Notes	  	27
		
	 ARTICLE VII         TERMINATION OF SERVICER
	  	27
				
	 	 	SECTION 7.1	 	Termination of Servicer	  	27
	 	 	SECTION 7.2	 	Notification to Noteholders	  	28
		
	 ARTICLE VIII       OPTIONAL PURCHASE
	  	28
				
	 	 	SECTION 8.1	 	Optional Purchase of Trust Estate	  	28
		
	 ARTICLE IX           MISCELLANEOUS PROVISIONS
	  	29
				
	 	 	SECTION 9.1	 	Amendment	  	29
	 	 	SECTION 9.2	 	Protection of Title	  	30
	 	 	SECTION 9.3	 	Other Liens or Interests	  	31
	 	 	SECTION 9.4	 	Transfers Intended as Sale; Security Interest	  	31
	 	 	SECTION 9.5	 	Information Requests	  	32
	 	 	SECTION 9.6	 	Notices, Etc	  	32
	 	 	SECTION 9.7	 	Choice of Law	  	33
	 	 	SECTION 9.8	 	Headings	  	33
	 	 	SECTION 9.9	 	Counterparts	  	33
	 	 	SECTION 9.10	 	Waivers	  	33
	 	 	SECTION 9.11	 	Entire Agreement	  	33
	 	 	SECTION 9.12	 	Severability of Provisions	  	33
	 	 	SECTION 9.13	 	Binding Effect	  	34
	 	 	SECTION 9.14	 	Acknowledgment and Agreement	  	34
	 	 	SECTION 9.15	 	Cumulative Remedies	  	34
	 	 	SECTION 9.16	 	Nonpetition Covenant	  	34
	 	 	SECTION 9.17	 	Submission to Jurisdiction; Waiver of Jury Trial	  	34
	 	 	SECTION 9.18	 	Limitation of Liability	  	35

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	  	 	  	Page

	 SECTION 9.19        Third-Party Beneficiaries
	  	35
	 SECTION 9.20         Limitation of Rights
	  	36
	 Schedule I
	  	Representations and Warranties	  	I-1
	 Schedule II
	  	Notice Addresses	  	II-1
			
	 Exhibit A
	  	Form of Notice of Funding Date	  	A-1
	 Exhibit B
	  	Form of Joint Officer’s Certificate	  	B-1
	 Exhibit C
	  	Form of Assignment pursuant to Sale and Servicing Agreement	  	C-1
	 Exhibit D
	  	Perfection Representations, Warranties and Covenants	  	D-1
			
	 Appendix A
	  	Definitions	  	 

  

			
	-iii-	  	Sale and Servicing Agreement (2005-1)

 SALE AND SERVICING AGREEMENT, dated as of August 30, 2005 (as amended, supplemented or otherwise modified
and in effect from time to time, this “Agreement”), by and between CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2005-1, 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 (2005-1)

 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 (2005-1)

 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 (2005-1)

	 	(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 (2005-1)

 (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 (2005-1)

 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 and the Swap Counterparty. 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 6.29%, (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 (2005-1)

 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 (2005-1)

 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 (2005-1)

 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 and the Swap Counterparty, 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, the Indenture Trustee and the Swap Counterparty, on or before March 30 of each year, beginning on March 30, 2006, an 
  

			
	9	  	Sale and Servicing Agreement (2005-1)

 Officer’s Certificate stating, as to the Authorized Officer signing such Officer’s Certificate, that (i) a
review of the activities of the Servicer during the prior calendar year and of performance under this Agreement has been made under such Authorized Officer’s supervision; and (ii) to the best of such Authorized Officer’s knowledge, based
on such review, the Servicer has performed in all material respects its obligations under this Agreement throughout such year, or, if there has been a material default in the performance of any such obligation, specifying each such default known to
such Authorized Officer and the nature and status thereof. 
  
 (b) The Servicer will deliver to the Issuer, the Swap Counterparty, the Indenture Trustee and each Rating Agency within 5 Business Days after having obtained knowledge thereof written notice in an Officer’s Certificate of any event
which with the giving of notice or lapse of time, or both, would become a Servicer Termination Event. 
  
 SECTION 3.10 Annual Independent Public Accountants’ Report. (a) The Servicer shall cause a firm of independent certified public accountants,
who may also render other services to the Servicer or to its Affiliates, to deliver to the Rating Agencies, the Issuer, the Indenture Trustee and the Swap Counterparty on or before March 30 of each year, beginning March 30, 2006, a report addressed
to the board of directors of the Servicer, to the effect that such firm has examined the Officer’s Certificate delivered by the Servicer pursuant to Section 3.9(a) and that: (a) such examination was made in accordance with attestation
standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Servicer’s compliance with those requirements and performing such other procedures as such
accountants considered necessary in the circumstances and (b) except as described in such report, the Servicer’s annual statement of compliance for such year delivered pursuant to Section 3.9(a) is fairly stated in all material respects.
The certification required by this paragraph may be replaced by any similar certification using other procedures or attestation standards which are now or in the future in use by servicers of comparable motor vehicle receivables. 
  
 (b) The Servicer, however, shall not be obligated to deliver any report
described above to any Person who does not comply with or agree to the required procedures of such firm of independent certified public accountants, including but not limited to execution of engagement letters or access letters regarding such
reports. The Servicer acknowledges that any costs, expenses or liabilities of the Indenture Trustee incurred in connection with the execution of any documents required by the firm of independent certified public accountants shall be covered by the
indemnity provisions contained in Section 6.7 of the Indenture. 
  
 SECTION 3.11 Servicer Expenses. The Servicer will be required to pay all expenses (other than expenses described in the definition of Liquidation Proceeds) incurred by it in connection with its activities hereunder, including fees
and disbursements of the Indenture Trustee, Owner Trustee (in accordance with Section 8.1 of the Trust Agreement), independent accountants, taxes imposed on the Servicer and expenses incurred in connection with distributions and reports to
the Noteholders and the Residual Interestholders. 
  
 SECTION 3.12
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. 
  

			
	10	  	Sale and Servicing Agreement (2005-1)

 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 and the Swap Counterparty, 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. 

  

	 	(ii)	For the benefit of the Noteholders and the Swap Counterparty, 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 and the Swap Counterparty, 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 and the Swap Counterparty, 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, the Principal Distribution Account and the Swap Termination Payment Account (to the extent such account is established under Section 4.8(b)) (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 
  

			
	11	  	Sale and Servicing Agreement (2005-1)

 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 and the Swap Counterparty. 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. 
  
 (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 

  

			
	12	  	Sale and Servicing Agreement (2005-1)

 Bank and eligible for transfer through the Fedwire® Securities Service operated by the Federal Reserve System pursuant to Federal
book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Indenture Trustee or its designee or a securities intermediary (as such term is defined in Section
8-102(a)(14) of the UCC) acting solely for the Indenture Trustee or such designee, pending maturity or disposition, through continued book-entry registration of such Trust Account Property as described in such paragraph. 
  
 SECTION 4.2 Remittances. The Servicer shall deposit an amount equal to
all Collections into the Collection Account within two Business Days after receipt; provided, however, that if the Monthly Remittance Condition is satisfied, then the Servicer shall not be required to deposit into the Collection
Account an amount equal to the Collections received during any Collection Period until noon, New York City time, on the following Payment Date. The “Monthly Remittance Condition” shall be deemed to be satisfied if (i) COAF or one of
its Affiliates is the Servicer, (ii) no Servicer Termination Event has occurred and is continuing and (iii) Capital One Financial Corporation has a short-term debt rating of at least “Prime-1” from Moody’s, “A-1” from
Standard & Poor’s and “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. 
  

			
	13	  	Sale and Servicing Agreement (2005-1)

 (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. 
  
 (h) The Indenture Trustee will promptly, but in no
event later than noon (New York City time) on the related Payment Date, deposit into the Collection Account all Net Swap Receipts received by it under the Interest Rate Swap Agreement in immediately available funds. The Indenture Trustee shall not
be liable for the Swap Counterparty’s failure to deliver the Net Swap Receipts. 
  
 SECTION 4.4 Distributions. 
  
 (a) Prior to any acceleration of the Notes pursuant to Section 5.2 of the Indenture, on each Payment Date, the Indenture Trustee (based on information contained in the Servicer’s Certificate delivered on or before the related
Determination Date pursuant to Section 3.8) shall make the following deposits and distributions, to the extent of Available Funds and the Reserve Account Draw Amount, on deposit in the Collection Account for such Payment Date, in the
following order of priority: 
  
 (1)
first, to the Indenture Trustee and the Owner Trustee, any accrued and unpaid fees (including unpaid Indenture Trustee fees or Owner Trustee fees with respect to prior periods) and any reasonable expenses (including indemnification amounts)
not previously paid by the Servicer; provided, however, that expenses and indemnification amounts payable to the Indenture Trustee and the Owner Trustee pursuant to this clause first and Section 5.4(b)(i) of the Indenture
shall be limited to $150,000 per annum in the aggregate; 
  
 (2) second, to the Servicer, the Servicing Fee and all unpaid Servicing Fees with respect to prior periods; 
  
 (3) third, to the Swap Counterparty, the Net Swap Payment; 
  
 (4) fourth, on a pro rata basis (a) 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 and (b) to the Swap Counterparty, any Senior Swap Termination Payments payable to the Swap Counterparty; 
  

			
	14	  	Sale and Servicing Agreement (2005-1)

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

  
 (7) seventh, 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; 
  

(8) eighth, 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; 
  
 (9)
ninth, to the Swap Counterparty, any Subordinate Swap Termination Payment payable to the Swap Counterparty and any other amounts payable by the Issuer to the Swap Counterparty and not previously paid; 
  
 (10) tenth, 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 
  
 (11) eleventh, to or at the direction of the Residual
Interestholder, any funds remaining. 
  
 Notwithstanding any other provision of
this Section 4.4, following the occurrence and during the continuation of an Event of Default which has resulted in an acceleration of the Notes, the Indenture Trustee shall apply all amounts on deposit in the Collection Account pursuant to
Section 5.4(b) of the Indenture. 
  
 (b) After the payment
in full of the Notes, all amounts payable to the Swap Counterparty 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, the Swap Counterparty and the Issuer) for the Indenture Trustee to forward or otherwise make available to each Noteholder of record as of 
  

			
	15	  	Sale and Servicing Agreement (2005-1)

 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; 
  
 (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); 
  
 (j) the Net Swap Receipts and Net Swap Payment, if any; and 
  
 (k) 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). 
  

			
	16	  	Sale and Servicing Agreement (2005-1)

 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. 
  
 SECTION 4.8
Interest Rate Swap Agreement. 
  
 (a) The Issuer shall
enter into the Initial Interest Rate Swap Agreement with the Initial Swap Counterparty. Subject to the requirements of this Section 4.8, the Issuer may from time to time enter into one or more Replacement Interest Rate Swap Agreements in the
event that the Initial Interest Rate Swap Agreement is terminated due to any “Termination Event” or “Event of Default” (each as defined in the Initial Interest Rate Swap Agreement) prior to its scheduled expiration and in
accordance with the terms of such Interest Rate Swap Agreement. Other than any Replacement Interest Rate Swap Agreement entered into pursuant to this Section 4.8(a), the Issuer may not enter into any additional interest rate swap agreements.

  
 (b) In the event of any early termination of the Initial
Interest Rate Swap Agreement, (i) the Indenture Trustee shall establish the Swap Termination Payment Account over which the Indenture Trustee shall have exclusive control and the sole right of withdrawal, and in which no Person other than the
Indenture Trustee and the Noteholders shall have any legal or beneficial interest, (ii) any Swap Termination Payments received from the Swap Counterparty will be remitted to the Swap Termination Payment Account and (iii) any Swap Replacement
Proceeds received from a Replacement Swap Counterparty will be remitted directly to the Swap Counterparty; provided, that any such remittance to the Swap Counterparty shall not exceed the amounts, if any, owed to the Swap Counterparty under
the Interest Rate Swap Agreement; provided, further that the Swap Counterparty shall only receive Swap Replacement Proceeds if all Swap Termination Payments due from the Swap Counterparty to the Issuer have been paid in full and if
such amounts have not been paid in full then the amount of Swap Replacement Proceeds necessary to make up any deficiency shall be remitted to the Swap Termination Payment Account. 
  
 (c) The Issuer shall promptly, following the early termination of any Interest Rate Swap Agreement due to an “Event of
Default” or “Termination Event” (each as defined in the 
  

			
	17	  	Sale and Servicing Agreement (2005-1)

 Interest Rate Swap Agreement) and in accordance with the terms of such Interest Rate Swap Agreement, enter into a
Replacement Interest Rate Swap Agreement to the extent possible and practicable through application of funds available in the Swap Termination Payment Account unless entering into such Replacement Interest Rate Swap Agreement will cause the Rating
Agency Condition not to be satisfied. 
  
 (d) To the extent that
(i) the funds available in the Swap Termination Payment Account exceed the costs of entering into a Replacement Interest Rate Swap Agreement or (ii) the Issuer determines not to replace the Interest Rate Swap Agreement and the Rating Agency
Condition is met with respect to such determination, the amounts in the Swap Termination Payment Account (other than funds used to pay the costs of entering into a Replacement Interest Rate Swap Agreement, if applicable) shall be included in
Available Funds and allocated and applied in accordance with the order of priority specified in Section 4.4(a) on the following Payment Date. In any situation other than (i) and (ii) above where a Replacement Interest Rate Swap Agreement has not
been obtained, amounts on deposit in the Swap Termination Payment Account at any time shall be invested pursuant to Section 4.1(b) and on each Payment Date after the creation of the Swap Termination Payment Account, the funds therein shall be
used to cover any shortfalls in the amounts payable under clauses (1) through (7) under Section 4.4(a), provided that in no event will the amount withdrawn from the Swap Termination Payment Account on such Payment Date exceed the amount of
Net Swap Receipts that would have been required to be paid on such Payment Date under the terminated Interest Rate Swap Agreement had there been no termination of such transaction. Any amounts remaining in the Swap Termination Payment Account after
payment in full of the Class B Notes shall be included in Available Funds and allocated in accordance with the order of priority specified in Section 4.4(a) on the following Payment Date. 
  
 (e) If the Swap Counterparty is required to post collateral under the terms
of the Interest Rate Swap Agreement, the Indenture Trustee shall establish the Swap Collateral Account over which the Indenture Trustee shall have exclusive control and the sole right of withdrawal, and in which no Person other than the Indenture
Trustee and the Noteholders shall have any legal or beneficial interest. The Indenture Trustee shall deposit all collateral received from the Swap Counterparty under the Interest Rate Swap Agreement into the Swap Collateral Account. Any and all
funds at any time on deposit in, or otherwise to the credit of, the Swap Collateral Account shall be held in trust by the Indenture Trustee for the benefit of the Noteholders. The only permitted withdrawal from or application of funds on deposit in,
or otherwise to the credit of, the Swap Collateral Account shall be (i) for application to obligations of the Swap Counterparty to the Issuer under the Interest Rate Swap Agreement in accordance with the terms of the Initial Rate Swap Agreement or
(ii) to return collateral to the Swap Counterparty when and as required by the Interest Rate Swap Agreement. 
  
 (f) If at any time the Interest Rate Swap Agreement becomes subject to early termination due to the occurrence of an “Event of Default” or
“Termination Event” (as defined in the Interest Rate Swap Agreement), the Issuer shall use reasonable efforts (following the expiration of any applicable grace period) to enforce the rights of the Issuer thereunder as may be permitted by
the terms of the Interest Rate Swap Agreement and consistent with the terms hereof. To the extent not fully paid from Swap Replacement Proceeds, any Swap Termination Payment owed by the Issuer to the Swap Counterparty under the Interest Rate Swap
Agreement 
  

			
	18	  	Sale and Servicing Agreement (2005-1)

 shall be payable to the Swap Counterparty in installments made on each following Payment Date until paid in full in
accordance with the order of priority specified in Section 4.4(a). To the extent that the Swap Replacement Proceeds exceed any such Swap Termination Payments (or if there are no Swap Termination Payments due to the Swap Counterparty), the Swap
Replacement Proceeds in excess of such Swap Termination Payments, if any, shall be included in Available Funds and allocated and applied in accordance with the order of priority specified in Section 4.4(a) on the following Payment Date 

 
 ARTICLE V 
  
 THE SELLER 
  
 SECTION 5.1 Representations and Warranties of Seller. The Seller makes the following representations and warranties as of the Closing Date and as
of each Funding Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties speak as of the execution and delivery of this Agreement and will survive the conveyance of the
Transferred Assets to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 
  
 (a) Existence and Power. The Seller is a Delaware limited liability company validly existing and in good standing under the laws of its state of
organization and has, in all material respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute, deliver and perform its obligations under the Transaction Documents to which it is a
party or affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets. The Seller has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and
adversely affect the ability of the Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets. 
  
 (b) Authorization and No Contravention. The execution, delivery and
performance by the Seller of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Seller and do not contravene or constitute a default under (i) any applicable law, rule or regulation,
(ii) its organizational documents or (iii) any indenture or agreement or instrument to which the Seller is a party or by which its properties are bound (other than violations of such laws, rules, regulations, indentures or agreements which do not
affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Seller’s ability to perform its
obligations under, the Transaction Documents). 
  
 (c) No
Consent Required. No approval or authorization by, or filing with, any Governmental Authority is required in connection with the execution, delivery and performance by the Seller of any Transaction Document other than (i) UCC filings, (ii)
approvals and authorizations that have previously been obtained and filings that have previously been made and (iii) approval, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability
or collectibility of the Receivables or any other part of the Transferred Assets or would not materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents. 
  

			
	19	  	Sale and Servicing Agreement (2005-1)

 (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.

  
 (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. 
  

			
	20	  	Sale and Servicing Agreement (2005-1)

 (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 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 
  

			
	21	  	Sale and Servicing Agreement (2005-1)

 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. 
  
 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. 
  

			
	22	  	Sale and Servicing Agreement (2005-1)

 ARTICLE VI 
  
 THE SERVICER 
  
 SECTION 6.1 Representations of Servicer. The Servicer makes the following representations and warranties as of the Closing Date and as of each
Funding Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties speak as of the execution and delivery of this Agreement and will survive the conveyance of the Transferred Assets
to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 
  
 (a) Existence and Power. The Servicer is a Texas corporation validly existing and in good standing under the laws of its state of organization and
has, in all material respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute, deliver and perform its obligations under the Transaction Documents to which it is a party or which
affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets. The Servicer has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely
affect the ability of the Servicer to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Transferred Assets. 
  
 (b) Authorization and No Contravention. The execution, delivery and
performance by the Servicer of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Servicer and do not contravene or constitute a default under (i) any applicable law, rule or
regulation, (ii) its organizational documents or (iii) any material indenture or material agreement or instrument to which the Servicer is a party or by which its properties are bound, in each case other than violations of such laws, rules,
regulations, indentures or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or if the aggregate, would not materially and adversely affect the transactions contemplated by, or
the Servicer’s ability to perform its obligations under, the Transaction Documents. 
  
 (c) No Consent Required. No approval or authorization by, or filing with, any Governmental Authority is required in connection with the execution, delivery and performance by the Servicer of any Transaction
Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and filings that have previously been made or approvals, authorizations or filings which will be made on a timely basis and (iii) approval,
authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectibility of the Receivables or would not materially and adversely affect the ability of the Servicer to perform its
obligations under the Transaction Documents. 
  
 (d) Binding
Effect. Each Transaction Document to which the Servicer is a party constitutes the legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its terms, except as such enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other similar laws affecting creditors’ rights generally and, if applicable, the rights of creditors of limited liability companies from time to
time in effect or by general principles of equity. 
  

			
	23	  	Sale and Servicing Agreement (2005-1)

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

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

			
	24	  	Sale and Servicing Agreement (2005-1)

 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. 
  
 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. 
  

			
	25	  	Sale and Servicing Agreement (2005-1)

 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, the Swap Counterparty or the Residual
Interestholders, except as provided under this Agreement, for any action taken or for refraining from the taking of any action pursuant to this Agreement or for errors in judgment; provided, however, that this provision will not protect the
Servicer or any such Person against any liability that would otherwise be imposed by reason of willful misfeasance or bad faith in the performance of duties or by reason of its failure to perform its obligations or of reckless disregard of
obligations and duties under this Agreement, or by reason of negligence in the performance of its duties under this Agreement (except for errors in judgment). The Servicer and any director, officer or employee or agent of the Servicer may rely in
good faith on any Opinion of Counsel or on any Officer’s Certificate of the Seller or certificate of auditors believed to be genuine and to have been signed by the proper party in respect of any matters arising under this Agreement. 

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

			
	26	  	Sale and Servicing Agreement (2005-1)

 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 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, the Swap
Counterparty 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. 
  

			
	27	  	Sale and Servicing Agreement (2005-1)

 (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 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) 99.25%. The purchase price for the Trust Estate shall equal the Redemption Price (the “Optional Purchase 
  

			
	28	  	Sale and Servicing Agreement (2005-1)

 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 Swap Counterparty, 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; provided, further, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty under the
Interest Rate Swap Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty does not object in writing within ten (10) Business Days after
confirmed verbal receipt of a written request for such consent); provided, further, that any amendment requiring the Swap Counterparty’s consent hereunder must also satisfy the Rating Agency Condition to be effective. 

 
 (b) Any term or provision of this Agreement may be amended by the Seller
and the Servicer but without the consent of the Indenture Trustee, any Noteholder, the Swap Counterparty, the Issuer, the Owner Trustee or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to
enable the Seller, the Servicer or any of their Affiliates to comply with or obtain more favorable treatment under any law or regulation or any accounting rule or principle, it being a condition to any such amendment that the Rating Agency Condition
shall have been satisfied. 
  
 (c) This Agreement may also be
amended from time to time by the parties hereto, with the consent of the Noteholders evidencing not less than a majority of the Note Balance, voting as a single class, for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided that no such amendment shall (i) reduce the interest rate or principal amount of any Note or delay any Payment Date or
the Final Scheduled Payment Date of any Note without the consent of the Holder of such Note or (ii) reduce the percentage of the Note Balance, the Holders of which are required to consent to any matter without the consent of the Holders of at least
the percentage of the Note Balance which were required to consent to such matter before giving effect to such amendment; provided, further, that such amendment shall not materially and adversely affect the rights or obligations of the
Swap Counterparty under the Interest Rate Swap Agreement or the Sale and Servicing Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be 
  

			
	29	  	Sale and Servicing Agreement (2005-1)

 deemed to have been given if the Swap Counterparty does not object in writing within ten (10) Business Days after
confirmed verbal receipt of a written request for such consent); provided, further, that any amendment requiring the Swap Counterparty’s consent hereunder must also satisfy the Rating Agency Condition to be effective. It will not
be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents
of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders will be subject to such reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record
dates pursuant to the Note Depository Agreement. 
  
 (d) Prior to
the execution of any 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. 
  
 (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. 
  

			
	30	  	Sale and Servicing Agreement (2005-1)

 (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 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 
  

			
	31	  	Sale and Servicing Agreement (2005-1)

 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. 

  
 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

  

			
	32	  	Sale and Servicing Agreement (2005-1)

 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 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. 
  

			
	33	  	Sale and Servicing Agreement (2005-1)

 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; 
  
 (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; 
  

			
	34	  	Sale and Servicing Agreement (2005-1)

 (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 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 and the Swap Counterparty 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. 
  

			
	35	  	Sale and Servicing Agreement (2005-1)

 SECTION 9.20 Limitation of Rights. All of the rights of the Swap Counterparty in, to and under
this Agreement (including, but not limited to, all of the Swap Counterparty’s rights to receive notice of any action hereunder and to give or withhold consent to any action hereunder) shall terminate upon the termination of the Interest Rate
Swap Agreement in accordance with the terms thereof and the payment in full of all amounts owing to the Swap Counterparty. 
  
 [SIGNATURES FOLLOW] 
  

			
	36	  	Sale and Servicing Agreement (2005-1)

 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 (2005-1)

			
	 CAPITAL ONE PRIME AUTO RECEIVABLES TRUST
 2005-1, 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 (2005-1)

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

	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President

  

			
	S-3	  	Sale and Servicing Agreement (2005-1)

			
	 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 (2005-1)

 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 2.00% and not more than 15.00%; 
  
 (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; 
  

			
	I-1	  	Schedule I to the
	 	  	Sale and Servicing Agreement

 (xi) had an original Principal Balance less than or equal to $100,000; 
  
 (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 December 31, 2011; 
  
 (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; 
  
 (xix) is not an “installment sale contract” as defined in the Pennsylvania Motor Vehicle Sales
Finance Act, 69 P.S. §601, et seq., and 
  
 (xx) 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. 

  

			
	I-2	  	Schedule I to the
	 	  	Sale and Servicing Agreement

	(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. 

  

	(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. 

  

			
	I-3	  	Schedule I to the
	 	  	Sale and Servicing Agreement

	(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. 

  

	(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 2005-1 
 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/Global Debt – Capital One Prime Auto Receivables
Trust 2005-1 
  
 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 
  

			
	II-3	  	Schedule II to the
	 	  	Sale and Servicing Agreement

 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

  
 If to the Initial Swap Counterparty: 
  
 Morgan Stanley Capital Services Inc. 
 1585 Broadway, 3rd Floor 

New York, New York 10036 
 Facsimile: (212) 507-4622 
 Attention: Chief Legal Officer 
  

			
	II-4	  	Schedule II to the
	 	  	Sale and Servicing Agreement

 EXHIBIT A 
  
 NOTICE OF FUNDING DATE 
  
 In accordance with the Indenture dated as of August 30, 2005 (as amended or supplemented from time to time, the “Indenture”) by and
between Capital One Prime Auto Receivables Trust 2005-1 (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 August 30, 2005 by and between the
Issuer, the Indenture Trustee, Capital One Auto Finance, Inc. and Capital One Auto Receivables, LLC, as Seller (the “Seller”). 
  
 Such Subsequent Receivables represent the following amounts: 
  

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

  
 Subsequent Cut-Off Date:
                            , 2005 
  
 The undersigned hereby certifies that, in connection with the Funding Date specified above, the undersigned has complied
with all terms and provisions specified in Section 2.5 of the Sale and Servicing Agreement, including, but not limited to, delivery of the Officer’s Certificate, as specified therein. 
  

			
	Date:                             ,
200 [  ]
	
	 CAPITAL ONE PRIME AUTO RECEIVABLES
 TRUST 2005-1

		
	 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 2005-1 
  
 [DATE] 
  
 This Officer’s Certificate is being delivered in accordance with Section 2.5 of that certain Sale and Servicing Agreement dated as of August
30, 2005 (as amended, modified or supplemented from time to time, the “Sale and Servicing Agreement”) by and between Capital One Prime Auto Receivables Trust 2005-1 (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 2005-1

		
	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 August 30, 2005, by and between
Capital One Prime Auto Receivables Trust 2005-1, 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

 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 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, (iv) the Reserve Account Excess Amount, (v) the Net Swap Receipts (excluding any
Swap Termination Payments received from the Swap Counterparty and deposited into the Swap Termination Payment Account), (vi) amounts on deposit in the Swap Termination Payment Account to the extent such amounts are required to be included in
Available Funds pursuant to Section 4.8(d) of the Sale and Servicing Agreement and (vii) Swap Replacement Proceeds, to the extent required to be included in Available Funds pursuant to Section 4.8(f) of the Sale and Servicing
Agreement. 
  
 “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 seventh 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. 
  

 2 

 “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. 
  
 “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 

  

 3 

 
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 September 2006. 
  
 “Class A-1
Interest Rate” means 3.9544% 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 2007. 
  
 “Class A-2 Interest Rate” means 4.24% 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 August 2009. 
  
 “Class A-3 Interest Rate” means 4.32% 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. 
  

 4 

 “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 April 2011. 
  
 “Class A-4 Interest Rate” means the sum of LIBOR + 0.02% per annum (computed on the basis of the actual number of days elapsed, but
assuming a 360-day year). 
  
 “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 August 2012. 
  
 “Class B Interest Rate” means 4.58% 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. 
  

 5 

 “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
August 30, 2005. 
  
 “COAF” means Capital One
Auto Finance, Inc., a Texas corporation, and its successors and assigns. 
  
 “Code” means the Internal Revenue Code of 1986, as amended, modified or supplemented from time to time, and any successor law thereto, and the regulations promulgated and the rulings issued
thereunder. 
  
 “Collateral” has the meaning set
forth in the Granting Clause of the Indenture. 
  
 “Collections” means, with respect to any Receivable and to the extent received by the Servicer after the applicable Cut-Off Date, (i) any monthly payment by or on behalf of the Obligor thereunder, (ii) any full or partial
prepayment of such Receivable, (iii) all Liquidation Proceeds and (iv) any other amounts received by the Servicer which, in accordance with the Customary Servicing Practices, would customarily be applied to the payment of accrued interest or to
reduce the Principal Balance of the Receivable, including rebates of premiums with respect to the cancellation or termination of any Insurance Policy, extended warranty or service contract; provided, however, that the term
“Collections” in no event will include (1) any amounts in respect of any Receivable the Repurchase Price of which has been included in the Available Funds on a prior Payment Date or (2) any Supplemental Servicing Fees. 

 
 “Collection Account” means the trust account established
and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement. 
  
 “Collection Period” means the period commencing on the first day of each calendar month and ending on the last day of such calendar month (or, in the case of the initial Collection Period, the period
commencing on the close of business on the Initial Cut-Off Date and ending on September 30, 2005). As used herein, the “related” Collection Period with respect to a Payment Date shall be deemed to be the Collection Period which precedes
such Payment Date. 
  
 “Commission” means the
U.S. Securities and Exchange Commission. 
  
 “Contract” means, with respect to any Receivable, the motor vehicle retail 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. 
  

 6 

 “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).

  
 “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/Global Debt
– Capital One Prime Auto Receivables Trust 2005-1 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/Global Debt – Capital One Prime Auto Receivables Trust 2005-1, or at such other address as the Indenture Trustee may designate from time to
time by notice to the Noteholders, the Swap Counterparty, 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. 
  

 7 

 “Default” means any occurrence that is, or with notice or lapse of time or both would
become, an Event of Default. 
  
 “Defaulted
Receivable” means, with respect to any Collection Period, a Receivable as to which (a) all or any part of a scheduled payment is 120 or more days past due and the Servicer has not repossessed the related Financed Vehicle, (b) the Servicer
has either repossessed and liquidated the related Financed Vehicle or repossessed and held the related Financed Vehicle in its repossession inventory for 90 days, whichever occurs first, or (c) the Servicer has, in accordance with its Customary
Servicing Practices, determined that such Receivable has or should be written off as uncollectible; provided, however, that this definition may be modified in accordance with modifications to the Servicer’s Customary Servicing Practices. The
Principal Balance of any Receivable that becomes a “Defaulted Receivable” will be deemed to be zero as of the date it becomes a “Defaulted Receivable.” 
  
 “Definitive Note” means a definitive fully registered Note issued pursuant to Section 2.12 of the
Indenture. 
  
 “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 

 (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 October 12, 2005. 
  
 “Dollar” and “$” mean lawful currency of the United States of America. 
  
 “DTC” means The Depository Trust Company, and its
successors. 
  
 “Eligible Account” means either
(a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution acting in its fiduciary capacity organized under the laws of the United States of America or any

  

 9 

 
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 

 (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 

 “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) December 31, 2005, which is
the last day of the fourth full calendar month following the Closing Date, (ii) the date upon which an Event of Default occurs and (iii) the date on which the amount on deposit in the Pre-Funding Account has been reduced to $10,000 or less.

  
 “GAAP” means generally accepted accounting
principles in the USA, applied on a materially consistent basis. 
  
 “Governmental Authority” means any (a) Federal, state, municipal, foreign or other governmental entity, board, bureau, agency or instrumentality, (b) administrative or regulatory authority (including any central bank or
similar authority) or (c) court or judicial authority. 
  
 “Grant” means mortgage, pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer, create, grant a lien upon and a security interest in and right of set-off against, deposit, set over and confirm
pursuant to the Indenture. A Grant of the Collateral or of any other agreement or instrument shall include all rights, powers and options (but none of the obligations) of the Granting party thereunder, including the immediate and continuing right to
claim for, collect, receive and give receipt for principal and interest payments in respect of the Collateral and all other moneys payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to
exercise all rights and options, to bring proceedings in the name of the Granting party or otherwise and generally to do and receive anything that the Granting party is or may be entitled to do or receive thereunder or with respect thereto. Other
forms of the verb “to Grant” shall have correlative meanings. 
  
 “Holder” means, as the context may require, 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 

 
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 $299,000,000. 
  
 “Initial Class A-2 Note Balance” means $277,000,000.

  
 “Initial Class A-3 Note Balance” means
$525,000,000. 
  
 “Initial Class A-4 Note
Balance” means $361,217,000. 
  
 “Initial Class B
Note Balance” means $37,783,000. 
  
 “Initial
Cut-Off Date” means August 24, 2005. 
  
 “Initial
Interest Rate Swap Agreement” or “Interest Rate Swap Agreement” means the ISDA Master Agreement, dated as of the Closing Date, between the Initial Swap Counterparty and the Issuer, the Schedule thereto, dated as of the
Closing Date, the Credit Support Annex, dated as of the Closing Date, and the Confirmation thereto, dated as of the Closing Date and entered into pursuant to such ISDA Master Agreement, as the same may be amended from time to time in accordance with
the terms thereof. 
  
 “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 $343,716,412.52. 
  
 “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 $16,347,758.69, which amount includes the Negative Carry Amount. 
  
 “Initial Swap Counterparty” means Morgan Stanley Capital Services Inc. as the swap counterparty under the Initial Interest Rate Swap Agreement. 
  
 “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. 
  

 13 

 “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). 
  
 “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 2005-1, 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. 
  
 “LIBOR” means, with respect to any Interest Period, the London interbank offered rate for deposits in U.S. dollars having a maturity of one month commencing on the related LIBOR Determination Date
which appears on Telerate Page 3750 as of 11:00 a.m., London Time, on such LIBOR Determination Date; provided, however, for the first Interest Period LIBOR shall mean an interpolated rate for deposits based on London interbank offered
rates for deposits in U.S. dollars for a period that corresponds to the actual number of days in the first Interest Period. If the rates used to determine LIBOR do not appear on the Telerate Page 3750, the rates for that day will be determined on
the basis of the rates at which deposits in U.S. dollars, having a maturity of one month and in a principal amount of not less than U.S. $1,000,000 are offered at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks
in the London interbank market by the reference banks. The Indenture Trustee will request the principal London office of each of such reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that
day will be the arithmetic mean to the nearest 1/100,000 of 1.00% (0.0000001), with five one-millionths of a percentage point rounded upward, of all such quotations. If fewer than two such quotations are provided, the rate for that day will be the
arithmetic mean to the nearest 1/100,000 of 1.00% (0.0000001), with five-millionths of a percentage point rounded upward, of the offered per annum rates that one or more 

  

 14 

 
leading banks in New York City, selected by the Indenture Trustee (after consultation with the Seller), are quoting as of approximately 11:00 a.m., New York
City time, on such LIBOR Determination Date to leading European banks for United States dollar deposits for that maturity; provided that if the banks selected as aforesaid are not quoting as mentioned in this sentence, LIBOR in effect for the
applicable Interest Period will be LIBOR in effect for the previous Interest Period. The reference banks are the four major banks in the London interbank market selected by the Indenture Trustee (after consultation with the Seller). 
  
 “LIBOR Determination Date” means the second London Business
Day prior to the Closing Date with respect to the first Payment Date and, as to each subsequent Payment Date, the second London Business Day prior to the immediately preceding Payment Date. 
  
 “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. 
  
 “London Business Day” means any day other than a Saturday, Sunday or day on which banking institutions in London, England are authorized
or obligated by law or government decree to be closed. 
  
 “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
$4,697,546.23. 
  
 “Net Swap Payment” means for
the Interest Rate Swap Agreement, the net amount owed by the Issuer to the Swap Counterparty, if any, on any Swap Payment Date, excluding Swap Termination Payments. 
  

 15 

 “Net Swap Receipts” means for the Interest Rate Swap Agreement, the net amount owed by
the Swap Counterparty to the Issuer, if any, on any Swap Payment Date, including, without limitation, any Swap Termination Payments. 
  
 “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. 
  
 “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. 
  
 “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 

  

 16 

 
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. 
  
 “Optional Purchase” has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement. 
  
 “Optional Purchase Price” has the meaning set forth in
Section 8.1 of the Sale and Servicing Agreement. 
  
 “Originator” means COAF. 
  
 “Other Assets” means any assets (or interests therein) (other than the Trust Estate) conveyed or purported to be conveyed by the Seller to another Person or Persons other than the Issuer, whether by way of a sale, capital
contribution or by virtue of the granting of a lien. 
  
 “Outstanding” means, as of any date, all Notes (or all Notes of an applicable Class) theretofore authenticated and delivered under the Indenture except: 
  
 (i) Notes (or Notes of an applicable Class) theretofore cancelled by the Note Registrar or delivered to the
Note Registrar for cancellation; 
  
 (ii) Notes
(or Notes of an applicable Class) or portions thereof the payment for which money in the necessary amount has been theretofore deposited with the Indenture Trustee or any Paying Agent in trust for the related Noteholders (provided, however,
that if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to the Indenture or provision therefor, satisfactory to the Indenture Trustee, has been made); and 
  
 (iii) Notes (or Notes of an applicable Class) in exchange
for or in lieu of other Notes (or Notes of such Class) that have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a bona fide purchaser;

  
 provided that in determining whether Noteholders holding the requisite
Note Balance have given any request, demand, authorization, direction, notice, consent, vote or waiver hereunder or under any Transaction Document, Notes owned by the Issuer, the Seller, the Servicer, the Administrator or any of their respective
Affiliates shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Indenture Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, vote or waiver, only
Notes that a Responsible Officer of the Indenture Trustee knows to be so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee thereof establishes to the satisfaction of the
Indenture Trustee such pledgee’s right so to act with respect to such Notes and that such pledgee is not the Issuer, the Seller, the Servicer, the Administrator or any of their respective Affiliates. 
  

 17 

 “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.

  
 “Payment Date” means the 15th day of each
calendar month beginning October 17, 2005; provided, however, whenever a Payment Date would otherwise be a day that is not a Business Day, the Payment Date shall be the next Business Day. As used herein, the “related” Payment
Date with respect to a Collection Period shall be deemed to be the Payment Date which immediately follows such Collection Period. 
  
 “Payment Default” has the meaning set forth in Section 5.4(a) of the Indenture. 
  
 “Permitted Liens” means (a) any liens created by the
Transaction Documents; (b) any liens for taxes not due and payable or the amount of which is being contested in good faith by appropriate proceedings; and (c) any liens of mechanics, suppliers, vendors, materialmen, laborers, employees, repairmen
and other like liens securing obligations which are not due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings. 
  
 “Person” means any individual, corporation, limited liability company, estate, partnership, joint venture,
association, joint stock company, trust (including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof. 
  
 “Physical Property” has the meaning specified in the definition of “Delivery” above.

  
 “Pool Balance” means, at any time, the
aggregate Principal Balance of the Receivables at such time. 
  
 “Pool Factor” on a Payment Date means a six-digit decimal figure equal to the sum of the Pool Balance and the funds in the Pre-Funding Account (excluding investment income) as of the end of the preceding Collection Period
divided by the sum of the aggregate Principal Balance of the Receivables as of the Initial Cut-Off Date plus the Initial Pre-Funding Account Deposit Amount. The Pool Factor will be 1.000000 as of the Cut-Off Date; thereafter, the Pool Factor will
decline to reflect reductions in the Pool Balance. 
  
 “Predecessor Note” means, with respect to any particular Note, every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; provided, however, for the purpose of
this definition, any Note authenticated and delivered under Section 2.5 of the Indenture in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note.

  

 18 

 “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. 
  
 “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, 99.25% 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 99.25% 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 

  

 19 

 
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. 
  
 “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, plus (c) all amounts owing to the
Swap Counterparty as of the Redemption Date. 
  
 “Registered Holder” means the Person in whose name a Note is registered on the Note Register on the related Record Date. 
  
 “Related Security” means, for any Receivable, (i) the security interest in the related Financed Vehicle, (ii) any proceeds from claims on
any Insurance Policy 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. 
  
 “Replacement
Interest Rate Swap Agreement” means, with respect to any Swap Counterparty, any replacement Interest Rate Swap Agreement entered into pursuant to the conditions set forth in the Interest Rate Swap Agreement. 
  
 “Replacement Swap Counterparty” means, with respect to any
Swap Counterparty, any replacement Swap Counterparty under a Replacement Interest Rate Swap Agreement that satisfies the conditions set forth in the Interest Rate Swap Agreement. 
  
 “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. 
  

 20 

 “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 seventh of Section 4.4(a) of the Sale and Servicing Agreement would be sufficient
to pay in full the aggregate unpaid Note Balance of all of the outstanding Classes of Notes, then the Reserve Account Draw Amount will, if so specified by the Servicer in the Servicer’s Certificate, include such additional amount as may be
necessary to pay all Outstanding Notes in full. 
  
 “Reserve Account Excess Amount” means, with respect to any Payment Date, means an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account on that Payment
Date, after giving effect to all deposits to and withdrawals from the Reserve Account relating to that Payment Date, over (b) the Specified Reserve Account Balance with respect to that Payment Date. 
  
 “Residual Interest” means the beneficial interest in the
Issuer. The Residual Interest shall not be represented by a Certificate except upon the request of the Residual Interestholder pursuant to the terms of the Trust Agreement. 
  
 “Residual Interestholder” means the owner of the Residual Interest. The Seller shall be the initial
Residual Interestholder. 
  
 “Responsible
Officer” means, (a) with respect to the Indenture Trustee, any officer within the corporate trust department of the Indenture Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust
officer or any other officer of the Indenture Trustee who customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of
such person’s knowledge of and familiarity with the particular subject and who, 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. 
  

 21 

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

“Second Allocation of Principal” means, with respect to any Payment Date, an amount equal to 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. 
  
 “Senior Swap Termination
Payment” means any Swap Termination Payment owed by the Issuer to the Swap Counterparty under the Interest Rate Swap Agreement arising due to (a) the failure of the Issuer to make payments due under the Interest Rate Swap Agreement, (b) the
occurrence of any bankruptcy or insolvency event with respect to the Issuer, (c) the illegality of the transactions contemplated by the Interest Rate Swap Agreement, (d) any redemption, acceleration, auction, clean-up call or other prepayment in
full, but not in part, of the notes under the Indenture or any Event of Default under the Indenture that results in rights or remedies being exercised with respect to the Collateral or (e) an amendment by the Issuer or any Affiliate of the Issuer of
any Transaction Document without the prior consent of the Swap Counterparty to the extent that such consent is required under such Transaction Document. 
  
 “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. 
  

 22 

 “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. 
  
 “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 $598,691.47. 
  
 “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.

  

 23 

 “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. 
  
 “Subordinate Swap Termination Payment” means any Swap
Termination Payment owed by the Issuer to the Swap Counterparty under the Interest Rate Swap Agreement other than a Senior Swap Termination Payment. 
  
 “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. 
  
 “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. 
  
 “Swap
Collateral Account” means a single Eligible Account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established
pursuant to Section 4.8(e) of the Sale and Servicing Agreement. 
  
 “Swap Counterparty” means the Initial Swap Counterparty and any Replacement Swap Counterparty. 
  
 “Swap Payment Date” means the date on which Net Swap Receipts or Net Swap Payments, as applicable, are required to be made pursuant to
the Interest Rate Swap Agreement. 
  

 24 

 “Swap Replacement Proceeds” means any amounts received from a Replacement Swap
Counterparty in consideration for entering into a Replacement Interest Rate Swap Agreement for a terminated Interest Rate Swap Agreement. 
  
 “Swap Termination Payment” means payments due to the Swap Counterparty by the Issuer or to the Issuer by the Swap Counterparty, including
interest that may accrue thereon, under the Interest Rate Swap Agreement due to a termination of the Interest Rate Swap Agreement due to an “event of default” or “termination event” under the Interest Rate Swap Agreement.

  
 “Swap Termination Payment Account” means a
single Eligible Account held in the United States in the name of the Indenture Trustee for the benefit of the holders of the Notes pursuant to Section 4.8(b) of the Sale and Servicing Agreement. 
  
 “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, the Limited Guaranty and the Initial Interest Rate Swap Agreement, 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 August 15, 2005, as amended and restated by the Amended and Restated Trust Agreement dated as of the Closing Date, between the Seller and the Owner Trustee, as the
same may be amended and supplemented from time to time. 
  
 “Trust Estate” means all money, accounts, chattel paper, general intangibles, goods, instruments, investment property and other property of the Issuer, including without limitation (i) the Receivables acquired by the Issuer
under the Sale and Servicing Agreement 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 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 

  

 25 

 
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, the Limited Guaranty and the Interest Rate Swap Agreement, 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 0.75% 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. 
  

 26Administration Agreement

 Exhibit 10.3 
  
 EXECUTION COPY 
  

  
 ADMINISTRATION AGREEMENT

  
 between 
  
 CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2005-1, 
 as Issuer, 
  
 CAPITAL ONE AUTO FINANCE, INC., 
 as Administrator 
  
 and 
  
 JPMORGAN CHASE BANK, N.A., 
 as Indenture Trustee 
  
 Dated as of August 30, 2005 
  

  
 2005-1 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	  	9
			
	 14.
	  	Headings	  	9
			
	 15.
	  	Counterparts	  	9
			
	 16.
	  	Severability of Provisions	  	10
			
	 17.
	  	Not Applicable to COAF in Other Capacities	  	10
			
	 18.
	  	Benefits of the Administration Agreement	  	10
			
	 19.
	  	Assignment	  	10
			
	 20.
	  	Nonpetition Covenant	  	10
			
	 21.
	  	Limitation of Liability	  	10
			
	 22.
	  	Limitation of Rights	  	11

  

			
	-i-	  	2005-1 Administration Agreement

 THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of August 30, 2005, is between
CAPITAL ONE PRIME AUTO RECEIVABLES TRUST 2005-1, 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 August 30, 2005 (the “Sale and Servicing Agreement”) by and between Capital One Auto Receivables, LLC, as seller, the Issuer, the
Administrator, as servicer, and the Indenture Trustee. 
  
 W I T N
E S S E T H : 
  
 WHEREAS, the Issuer has issued the Notes
pursuant to the Indenture and has entered into certain agreements in connection therewith, including, (i) the Sale and Servicing Agreement, (ii) the Indenture, (iii) the Note Depository Agreement, (iv) the Limited Guaranty (v) the Interest Rate Swap
Agreement and (vi) the Trust Agreement (each of the agreements referred to in clauses (i) through (vi) are referred to herein collectively as the “Issuer Documents”); 
  
 WHEREAS, to secure payment of the Notes, the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the
Indenture; 
  
 WHEREAS, pursuant to the Issuer Documents, the
Issuer and the Owner Trustee are required to perform certain duties; 
  
 WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and the Owner Trustee (in its capacity as Owner Trustee), and to provide such additional services consistent with this
Agreement and the Issuer Documents as the Issuer may from time to time request; 
  
 WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for the Issuer and the Owner Trustee on the terms set forth herein; 
  
 NOW, THEREFORE, in consideration of the mutual terms and covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
  
 1. Duties of the Administrator. 
  
 (a) Duties with Respect to the Issuer Documents. The Administrator shall perform all of its duties as Administrator under this
Agreement and the Issuer Documents and the duties and obligations of the Issuer and the Owner Trustee (in its capacity as owner trustee) under the Issuer Documents; provided, however, except as otherwise provided in the Issuer Documents, that
the Administrator shall have no obligation to make any payment required to be made by the Issuer under any Issuer Document. In addition, the Administrator shall consult with the Issuer and the Owner Trustee regarding its duties and obligations under
the Issuer Documents. The Administrator shall monitor the performance of the Issuer and the Owner Trustee and shall advise the Issuer and the 
  

			
	 	  	2005-1 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	  	2005-1 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	  	2005-1 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	  	2005-1 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	  	2005-1 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 2005-1 
 1680 Capital One Drive 
 McLean, Virginia 22102 
 Attention: Manager of Securitization 
 Telephone: (703) 720-1000 
 Facsimile: (703) 720-2121 
  

			
	6	  	2005-1 Administration Agreement

 with a copy to: 
  
 Wilmington Trust Company 
 Rodney Square North 
 1100 North Market Street 
 Wilmington, Delaware 19890-0001 
 Attention:
Jeanne Oller 
 Telephone: (302) 636-6188 
 Facsimile: (302) 636-4140 
  

	 	(c)	if to the Owner Trustee, to: 

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

	 	(d)	if to the Indenture Trustee, to: 

  
 JPMorgan Chase Bank, N.A. 
 4 New York
Plaza, 6th Floor 
 New York, New York 10004-2413 
 Attention: Worldwide Securities Services/ Global Debt – 
 Capital One Prime Auto Receivables Trust 2005-1 
 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, provided further, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty or the Issuer under the Interest Rate Swap Agreement unless the Swap
Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have 
  

			
	7	  	2005-1 Administration Agreement

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

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

			
	8	  	2005-1 Administration Agreement

 own rights, duties or immunities under this Agreement. Furthermore, notwithstanding anything to the
contrary herein, this Agreement may not be amended in any way that would adversely affect the Owner Trustee’s rights, duties or obligations under this Agreement, the Transaction Documents or otherwise or the Administrator’s duties and
obligations under Section 1 of this Agreement, without the prior written consent of the Owner Trustee. 
  
 13. Governing Law; Submission to Jurisdiction. 
  
 (a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK
WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  
 (b) Each of the parties hereto hereby irrevocably and
unconditionally: 
  
 (i) submits for itself and
its property in any legal action or proceeding relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction
of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
  

(ii) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter
have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
  
 (iii) agrees that service of process in any such action or proceeding may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 11 of this Agreement; and 
  
 (iv) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 
  
 14. Headings. The section headings hereof have been inserted for convenience of reference only and shall not be construed to affect the meaning,
construction or effect of this Agreement. 
  
 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. 
  

			
	9	  	2005-1 Administration Agreement

 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. 
  
 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 
  

			
	10	  	2005-1 Administration Agreement

 certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to the
assets of the Issuer. Under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expense of the Issuer or be liable for the breach or failure of any obligations, representation, warranty or covenant
made or undertaken by the Issuer under the Transaction Documents. For the purposes of this Agreement, in the performance of its duties or obligations hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and
provisions of Articles VI, VII and VIII of the Trust Agreement. 
  
 22. Limitation of Rights. All of the rights of the Swap Counterparty in, to and under this Agreement (including but not limited to, all of the Swap Counterparty’s rights to receive notice of any action hereunder and to give or
withhold consent to any action hereunder) shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts owing to the Swap Counterparty. 
  
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	11	  	2005-1 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
2005-1

	
	 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	  	2005-1 Administration Agreement

			
	 CAPITAL ONE AUTO FINANCE, INC., as
 Administrator

		
	By:	 	 /s/ Jerry Hamstead

	Name:	 	Jerry Hamstead
	Title:	 	Assistant Vice President

  

			
	S-2	  	2005-1 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	  	2005-1 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	  	2005-1 Administration Agreement

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