Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 2010-1 SUBI, the provisions of this Supplement shall prevail. (b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 2010-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 2010-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 2010-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 2010-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 2010-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement. (c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2010-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2010-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102017-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102017-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102017-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102017-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102017-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102017-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2017-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2017-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102023-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102023-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102023-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102023-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102023-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102023-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2023-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2023-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102015-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102015-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102015-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102015-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102015-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102015-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2015-1), Vehicle Trust Supplement (BMW Auto Leasing LLC)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102018-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102018-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102018-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102018-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102018-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102018-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2018-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2018-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102024-1 2 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102024-1 2 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102024-1 2 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102024-1 2 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102024-1 2 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102024-1 2 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2024-2), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2024-2)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102012-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102012-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102012-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102012-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102012-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102012-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2012-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2012-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102015-1 2 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102015-1 2 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102015-1 2 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102015-1 2 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102015-1 2 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102015-1 2 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Auto Leasing LLC), Vehicle Trust Supplement (BMW Auto Leasing LLC)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102021-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102021-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102021-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102021-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102021-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102021-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2021-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2021-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102019-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102019-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102019-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102019-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102019-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102019-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2019-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2019-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102011-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102011-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102011-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102011-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102011-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102011-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2011-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2011-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102023-1 2 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102023-1 2 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102023-1 2 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102023-1 2 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102023-1 2 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102023-1 2 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2023-2), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2023-2)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102016-1 2 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102016-1 2 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102016-1 2 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102016-1 2 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102016-1 2 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102016-1 2 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2016-2), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2016-2)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102013-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102013-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102013-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102013-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102013-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102013-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2013-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2013-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102017-1 2 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102017-1 2 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102017-1 2 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102017-1 2 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102017-1 2 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102017-1 2 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2017-2), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2017-2)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102024-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102024-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102024-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102024-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102024-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102024-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2024-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2024-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102016-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102016-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102016-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102016-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102016-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102016-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2016-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2016-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102014-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102014-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102014-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102014-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102014-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102014-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Auto Leasing LLC), Vehicle Trust Supplement (BMW Auto Leasing LLC)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102022-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102022-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102022-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102022-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102022-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102022-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 2 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2022-1), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2022-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102000-1 SUBIA SUBIs, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102000-1 SUBIA SUBIs, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102000-1 A SUBI Account, (ii) the a SUBI shall be deemed to refer more specifically to the 2010a 2000-1 A SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102000-1 A SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102000-1 A SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 1 contract
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2000-A)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102007-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102007-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102007-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102007-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102007-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102007-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 1 contract
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2007-1)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102021-1 2 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102021-1 2 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102021-1 2 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102021-1 2 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102021-1 2 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102021-1 2 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 1 contract
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2021-2)
Effect of Supplement on Vehicle Trust Agreement. (a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue to be bound by all provisions of the Vehicle Trust Agreement and (ii) the provisions set forth herein shall operate either as additions to or modifications of the extant obligations of the parties under the Vehicle Trust Agreement, as the context may require. In the event of any conflict between this Supplement and the Vehicle Trust Agreement in respect of the 20102009-1 SUBI, the provisions of this Supplement shall prevail.
(b) For purposes of determining the obligations of the parties hereto under this Supplement with respect to the 20102009-1 SUBI, except as otherwise indicated by the context, general references in the Vehicle Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 20102009-1 SUBI Account, (ii) the SUBI shall be deemed to refer more specifically to the 20102009-1 SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 20102009-1 SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 20102009-1 SUBI Asset, (v) a SUBI Supplement shall be deemed to refer more specifically to this Supplement and (vi) a Servicing Supplement shall be deemed to refer more specifically to the Servicing Supplement.
(c) Notwithstanding the foregoing, Section 5.6 of the Vehicle Trust Agreement shall not be applicable in connection with this Supplement.
Appears in 1 contract
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2009-1)