BMW Vehicle Lease Trust 2022-1 Sample Contracts

BMW AUTO LEASING LLC, as Transferor, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Owner Trustee
Trust Agreement • January 19th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • Delaware

This Amended and Restated Trust Agreement, dated as of January 19, 2022, 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 BMW VEHICLE LEASE TRUST 2022-1, as Issuer and BMW FINANCIAL SERVICES NA, LLC, as Servicer
Asset Representations Review Agreement • January 19th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • New York

This ASSET REPRESENTATIONS REVIEW AGREEMENT (this “Agreement”), entered into as of the 19th day of January 2022, by and among BMW VEHICLE LEASE TRUST 2022-1, 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 2022-1, as Issuer, and as Secured Party, and as Securities Intermediary CONTROL AGREEMENT Dated as of January 19, 2022
Control Agreement • January 19th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • New York
BMW MANUFACTURING L.P., as Transferor, and BMW AUTO LEASING LLC, as Transferee SUBI CERTIFICATE TRANSFER AGREEMENT Dated as of January 19, 2022
Certificate Transfer Agreement • January 19th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • New York

This SUBI Certificate Transfer Agreement, dated as of January 19, 2022 (this “Agreement”), is between BMW Manufacturing L.P., an Indiana limited partnership, as transferor (the “Transferor”), and BMW Auto Leasing LLC, a Delaware limited liability company, as transferee (the “Transferee”).

BMW VEHICLE LEASE TRUST 2022-1, as Issuer, BMW FINANCIAL SERVICES NA, LLC, as Administrator, BMW AUTO LEASING LLC, as Transferor, and ISSUER ADMINISTRATION AGREEMENT Dated as of January 19, 2022
Vehicle Lease Trust 2022 • January 19th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • New York

This Issuer Administration Agreement, dated as of January 19, 2022 (the “Agreement”), is among BMW Vehicle Lease Trust 2022-1, 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 2022-1, as Transferee ISSUER SUBI CERTIFICATE TRANSFER AGREEMENT Dated as of January 19, 2022
Transfer Agreement • January 19th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • New York

This Issuer SUBI Certificate Transfer Agreement, dated as of January 19, 2022 (this “Agreement”), is between BMW Auto Leasing LLC, a Delaware limited liability company, as transferor (the “Transferor”), and BMW Vehicle Lease Trust 2022-1, a Delaware statutory trust (the “Issuer”), as transferee (in such capacity, the “Transferee”).

FINANCIAL SERVICES VEHICLE TRUST, as Vehicle Trust, and BMW MANUFACTURING L.P., as UTI Beneficiary, and BMW FINANCIAL SERVICES NA, LLC, as Servicer and Sponsor
Basic Servicing Agreement • January 19th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • New York
BMW MANUFACTURING L.P., as Grantor and UTI Beneficiary, and BNY MELLON TRUST OF DELAWARE, formerly known as The Bank of New York (Delaware), as Vehicle Trustee
BMW Vehicle Lease Trust 2022-1 • January 19th, 2022 • Asset-backed securities

This 2022-1 Vehicle Trust Supplement, dated as of January 19, 2022, 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”).

BMW VEHICLE LEASE TRUST 2022-1 Asset Backed Notes BMW AUTO LEASING LLC (DEPOSITOR) UNDERWRITING AGREEMENT
Vehicle Lease Trust 2022 • January 13th, 2022 • BMW Vehicle Lease Trust 2022-1 • Asset-backed securities • New York
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