Common use of Acknowledgement and Agreement Clause in Contracts

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 2023-2 SUBI Certificate and the 2023-2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2023-2), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2023-2)

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Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232017-2 SUBI Certificate and the 20232017-2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-2), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232013-2 1 SUBI Certificate and the 20232013-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2013-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2013-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232024-2 1 SUBI Certificate and the 20232024-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232015-2 SUBI Certificate and the 20232015-2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Auto Leasing LLC), Issuer Subi Certificate Transfer Agreement (BMW Auto Leasing LLC)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232014-2 1 SUBI Certificate and the 20232014-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Auto Leasing LLC), Issuer Subi Certificate Transfer Agreement (BMW Auto Leasing LLC)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232015-2 1 SUBI Certificate and the 20232015-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2015-1), Issuer Subi Certificate Transfer Agreement (BMW Auto Leasing LLC)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232011-2 1 SUBI Certificate and the 20232011-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2011-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2011-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232016-2 1 SUBI Certificate and the 20232016-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2016-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2016-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232017-2 1 SUBI Certificate and the 20232017-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232024-2 SUBI Certificate and the 20232024-2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2024-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232016-2 SUBI Certificate and the 20232016-2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2016-2), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2016-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232022-2 1 SUBI Certificate and the 20232022-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2022-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2022-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 2023-2 1 SUBI Certificate and the 2023-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2023-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2023-1)

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Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232019-2 1 SUBI Certificate and the 20232019-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2019-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2019-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232021-2 1 SUBI Certificate and the 20232021-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2021-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2021-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232010-2 1 SUBI Certificate and the 20232010-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2010-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2010-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232012-2 1 SUBI Certificate and the 20232012-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2012-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2012-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232018-2 1 SUBI Certificate and the 20232018-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2018-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2018-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232021-2 SUBI Certificate and the 20232021-2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 1 contract

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2021-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232009-2 1 SUBI Certificate and the 20232009-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement.

Appears in 1 contract

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2009-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20232019-2 1 SUBI Certificate and the 20232019-2 1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor 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 Transferee under this Agreement. Section 3.12.

Appears in 1 contract

Samples: Issuer Subi Certificate Transfer Agreement

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