BMW Vehicle Lease Trust 2016-1 Sample Contracts

BMW AUTO LEASING LLC, as Transferor, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Owner Trustee
Trust Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • Delaware

This Amended and Restated Trust Agreement, dated as of February 17, 2016, is between BMW Auto Leasing LLC, a Delaware limited liability company, as transferor (the “Transferor”), and Wilmington Trust, National Association, a national banking association, as trustee (the “Owner Trustee”).

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ASSET REPRESENTATIONS REVIEW AGREEMENT
Asset Representations Review Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York

This ASSET REPRESENTATIONS REVIEW AGREEMENT (this “Agreement”), entered into as of the 17th day of February 2016, by and among BMW VEHICLE LEASE TRUST 2016-1, a Delaware statutory trust (the “Issuer”), BMW FINANCIAL SERVICES NA, LLC, a Delaware limited liability company (the “Servicer”), and CLAYTON FIXED INCOME SERVICES LLC, a Delaware limited liability company (the “Asset Representations Reviewer”).

BMW VEHICLE LEASE TRUST 2016-1 Asset Backed Notes BMW AUTO LEASING LLC (DEPOSITOR) UNDERWRITING AGREEMENT
Vehicle Lease • February 11th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York
BMW VEHICLE LEASE TRUST 2016-1,
Issuer Administration Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York

This Issuer Administration Agreement, dated as of February 17, 2016 (the “Agreement”), is among BMW Vehicle Lease Trust 2016-1, a Delaware statutory trust, as issuer (the “Issuer”), BMW Financial Services NA, LLC, a Delaware limited liability company (“BMW FS”), as administrator (in such capacity, the “Administrator”), BMW Auto Leasing LLC, a Delaware limited liability company, as transferor (the “Transferor”), and U.S. Bank National Association, a national banking association, as indenture trustee (the “Indenture Trustee”).

as Transferor, BMW VEHICLE LEASE TRUST 2016-1, as Initial-Secured Party, and as Assignee-Secured Party, and
Control Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York
SUBI CERTIFICATE TRANSFER AGREEMENT
Certificate Transfer Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York
BMW MANUFACTURING L.P., as Grantor and UTI Beneficiary, and
BMW Vehicle Lease Trust 2016-1 • February 17th, 2016 • Asset-backed securities

This 2016-1 Vehicle Trust Supplement, dated as of February 17, 2016, is between BMW Manufacturing L.P., an Indiana limited partnership, as grantor and initial beneficiary (in such capacities, the “Grantor” and the “UTI Beneficiary”, respectively) and BNY Mellon Trust of Delaware, formerly known as The Bank of New York (Delaware), a Delaware banking association, as trustee (in such capacity, the “Vehicle Trustee”).

FINANCIAL SERVICES VEHICLE TRUST, BMW MANUFACTURING L.P., BMW AUTO LEASING LLC, BMW VEHICLE LEASE TRUST 2016-1, and
Security Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York
FINANCIAL SERVICES VEHICLE TRUST,
Basic Servicing Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York

This 2016-1 Servicing Supplement, dated as of February 17, 2016, is among Financial Services Vehicle Trust, a Delaware statutory trust (the “Vehicle Trust”), BMW Manufacturing L.P., an Indiana limited partnership, as grantor and initial beneficiary of the Vehicle Trust (in such capacities, the “Grantor” and the “UTI Beneficiary,” respectively) and BMW Financial Services NA, LLC, a Delaware limited liability company (“BMW FS”), as servicer (in such capacity, the “Servicer”) and as sponsor (in such capacity, the “Sponsor”).

BMW AUTO LEASING LLC, as Transferor, and BMW VEHICLE LEASE TRUST 2016-1, as Transferee ______________________________________________________ ISSUER SUBI CERTIFICATE TRANSFER AGREEMENT Dated as of February 17, 2016
Transfer Agreement • February 17th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York

This Issuer SUBI Certificate Transfer Agreement, dated as of February 17, 2016 (the “Agreement”), is between BMW Auto Leasing LLC, a Delaware limited liability company, as transferor (the “Transferor”), and BMW Vehicle Lease Trust 2016-1, a Delaware statutory trust (the “Issuer”), as transferee (in such capacity, the “Transferee”).

BMW VEHICLE LEASE TRUST 2016-1,
Vehicle Lease Trust 2016 • February 11th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York

This Issuer Administration Agreement, dated as of February 17, 2016 (the “Agreement”), is among BMW Vehicle Lease Trust 2016-1, a Delaware statutory trust, as issuer (the “Issuer”), BMW Financial Services NA, LLC, a Delaware limited liability company (“BMW FS”), as administrator (in such capacity, the “Administrator”), BMW Auto Leasing LLC, a Delaware limited liability company, as transferor (the “Transferor”), and U.S. Bank National Association, a national banking association, as indenture trustee (the “Indenture Trustee”).

BMW AUTO LEASING LLC, as Transferor, and BMW VEHICLE LEASE TRUST 2016-1, as Transferee ______________________________________________________ FORM OF ISSUER SUBI CERTIFICATE TRANSFER AGREEMENT Dated as of February 17, 2016
Agreement • February 11th, 2016 • BMW Vehicle Lease Trust 2016-1 • Asset-backed securities • New York

This Issuer SUBI Certificate Transfer Agreement, dated as of February 17, 2016 (the “Agreement”), is between BMW Auto Leasing LLC, a Delaware limited liability company, as transferor (the “Transferor”), and BMW Vehicle Lease Trust 2016-1, a Delaware statutory trust (the “Issuer”), as transferee (in such capacity, the “Transferee”).

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