OTHER MATTERS PERTAINING TO THE ASSET. REPRESENTATIONS REVIEWER 9 Section 5.01 Representations and Warranties of the Asset Representations Reviewer. 9 Section 5.02 Limitation of Liability. 10 Section 5.03 Inspections of Asset Representations Reviewer 11 Section 5.04 Indemnification of Asset Representations Reviewer. 11 TABLE OF CONTENTS (continued) Page Section 5.05 Proceedings 12 Section 5.06 Delegation of Obligations 12 Section 5.07 Indemnification by Asset Representations Reviewer. 12 ARTICLE VI. REMOVAL, RESIGNATION 13 Section 6.01 Removal of Asset Representations Reviewer. 13 Section 6.02 Appointment of Successor. 13 Section 6.03 Merger or Consolidation of, or Assumption of the Obligations of, Asset the Representations Reviewer. 14 Section 6.04 Asset Representations Reviewer Not to Resign. 14 Section 6.05 Cooperation of Asset Representations Reviewer. 14
OTHER MATTERS PERTAINING TO THE ASSET. REPRESENTATIONS REVIEWER
OTHER MATTERS PERTAINING TO THE ASSET. REPRESENTATIONS REVIEWER 9 Section 5.01 Representations and Warranties of the Asset Representations Reviewer 9 Section 5.02 Limitation of Liability 10 Section 5.03 Inspections of Asset Representations Reviewer 11 Section 5.04 Indemnification of Asset Representations Reviewer 11 i TABLE OF CONTENTS (continued) Page Section 5.05 Proceedings 12 Section 5.06 Delegation of Obligations 12 Section 5.07 Indemnification by Asset Representations Reviewer 12 ARTICLE VI. REMOVAL, RESIGNATION 13 Section 6.01 Removal of Asset Representations Reviewer 13 Section 6.02 Appointment of Successor 13 Section 6.03 Merger or Consolidation of, or Assumption of the Obligations of, Asset the Representations Reviewer 14 Section 6.04 Asset Representations Reviewer Not to Resign 14 Section 6.05 Cooperation of Asset Representations Reviewer 14 ARTICLE VII. TREATMENT OF CONFIDENTIAL INFORMATION 15 Section 7.01 Confidential Information 15 Section 7.02 Safeguarding Personally Identifiable Information 16 ARTICLE VIII. OTHER MATTERS PERTAINING TO THE ISSUER 18 Section 8.01 Termination of the Issuer 18 ARTICLE IX. MISCELLANEOUS PROVISIONS 18 Section 9.01 Amendment 19 Section 9.02 Notices 19 Section 9.03 Severability Clause 20 Section 9.04 Counterparts 21 Section 9.05 Governing Law 21 Section 9.06 Relationship of the Parties 21 Section 9.07 Captions 21 Section 9.08 Waivers 21 Section 9.09 Assignment 21 Section 9.10 Benefit of the Agreement; Third-Party Beneficiaries 21 Section 9.11 Exhibits 22 Section 9.12 No Petition 22 Section 9.13 Limitation of Liability of Owner Trustee 22 ASSET REPRESENTATIONS REVIEW AGREEMENT This ASSET REPRESENTATIONS REVIEW AGREEMENT (this “Agreement”), entered into as of the 15th day of February 2023, by and among BMW VEHICLE LEASE TRUST 2023-1, a Delaware statutory trust (the “Issuer”), BMW FINANCIAL SERVICES NA, LLC, a Delaware limited liability company (the “Servicer”), and XXXXXXX FIXED INCOME SERVICES LLC, a Delaware limited liability company (the “Asset Representations Reviewer”).
OTHER MATTERS PERTAINING TO THE ASSET. REPRESENTATIONS REVIEWER 9 Section 5.01 Limitation on Liability 9 Section 5.02 Indemnification by Servicer 9 Section 5.03 Indemnification by Asset Representations Reviewer 9 Section 5.04 Inspections of Asset Representations Reviewer 10 Section 5.05 Delegation of Obligations 10
OTHER MATTERS PERTAINING TO THE ASSET. REPRESENTATIONS REVIEWER 10 Section 5.1 Representations and Warranties of the Asset Representations Reviewer 10 Section 5.2 Limitation of Liability of Asset Representations Reviewer 11 Section 5.3 Indemnification of Asset Representations Reviewer 11 Section 5.4 Indemnification by Asset Representations Reviewer 12 ARTICLE VI. REMOVAL, RESIGNATION; SUCCESSOR ASSET REPRESENTATION REVIEWER 13 Section 6.1 Eligibility Requirements for Asset Representations Reviewer 13 TABLE OF CONTENTS (continued) Page
OTHER MATTERS PERTAINING TO THE ASSET. REPRESENTATIONS REVIEWER Section 5.01
