Trust Termination. Notwithstanding Section 9.1(b) of the Vehicle Trust Agreement, the UTI Beneficiary shall not direct that the Vehicle Trust dissolve prior to payment in full of all amounts owed under the Vehicle Trust Agreement, the Trust Agreement and the Indenture and under any Securitized Financing in connection with an Other SUBI.
Appears in 27 contracts
Samples: Vehicle Trust Supplement (BMW Vehicle Lease Trust 2024-2), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2024-2), Vehicle Trust Supplement (BMW Vehicle Lease Trust 2024-1)
Trust Termination. Notwithstanding Section 9.1(b) of the Vehicle Trust Agreement, the UTI Beneficiary shall not direct that the Vehicle Trust dissolve prior to payment in full of all amounts owed under the Vehicle Trust Agreement, the Trust Agreement and the Indenture and under any Securitized Financing in connection with an Other SUBI.
Appears in 19 contracts
Samples: Vehicle Trust Supplement (BMW Auto Leasing LLC), Vehicle Trust Supplement (BMW Auto Leasing LLC), Vehicle Trust Supplement (Financial Services Vehicle Trust)
