Common use of Filing of Financing Statements Clause in Contracts

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 2019-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192017-1 2 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192017-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien Xxxx created hereby with respect to the 20192024-1 2 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192021-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien Xxxx created hereby with respect to the 20192023-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192016-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192013-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192015-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien Xxxx created hereby with respect to the 20192023-1 2 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192015-1 2 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up backup Lien created hereby with respect to the 20192010-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 2019-1 20[__]-[__] Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192012-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192014-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192022-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192018-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up backup Lien created hereby with respect to the 20192011-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 2019-1 20[__]-[__] Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192016-1 2 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192024-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192015-1 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, Trustee shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.. 4

Filing of Financing Statements. (a) Each of the Vehicle Trust, BMW LP, the Transferor and the Issuer, will from time to time execute, deliver and file all UCC financing statements and continuation statements reasonably required or necessary to maintain, perfect or continue the perfection of the back-up Lien created hereby with respect to the 20192021-1 2 Leases and the proceeds thereof and any other Collateral, the perfection of a security interest in which may be accomplished and continued by the same filings. Each of BMW LP, the Transferor and the Issuer acknowledge and agree that the UCC-1 financing statement filed against BMW LP in connection with the transactions contemplated by the SUBI Certificate Transfer Agreement shall be assigned directly by the Transferor to the Indenture Trustee as secured party of record. The obligations of the Issuer hereunder will be performed by the Administrator. (b) Upon release of the lien of the Indenture, the Indenture Trustee, at the expense of the Issuer, shall execute and file such partial or full releases or partial or full assignments of financing statements and other documents and instruments as may be prepared by and reasonably requested by the Issuer to assign the Indenture Trustee’s interests hereunder back to the Issuer.