BMW AUTO LEASING LLC, as Transferor, and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Owner TrusteeTrust Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • Delaware
This Amended and Restated Trust Agreement, dated as of February 14, 2024, 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 owner trustee (the “Owner Trustee”).
ASSET REPRESENTATIONS REVIEW AGREEMENT BMW VEHICLE LEASE TRUST 2024-1, as Issuer and BMW FINANCIAL SERVICES NA, LLC, as Servicer and CLAYTON FIXED INCOME SERVICES LLC, as Asset Representations Reviewer Dated as of February 14, 2024Asset Representations Review Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
This ASSET REPRESENTATIONS REVIEW AGREEMENT (this “Agreement”), entered into as of the 14th day of February 2024, by and among BMW VEHICLE LEASE TRUST 2024-1, 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 2024-1 $1,300,000,000 Asset Backed Notes BMW AUTO LEASING LLC (DEPOSITOR) UNDERWRITING AGREEMENTVehicle Lease • February 8th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
BMW VEHICLE LEASE TRUST 2024-1, as Issuer, and as Secured Party, and as Securities Intermediary CONTROL AGREEMENT Dated as of February 14, 2024Control Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
BMW VEHICLE LEASE TRUST 2024-1, as Issuer, BMW FINANCIAL SERVICES NA, LLC, as Administrator, BMW AUTO LEASING LLC, as Transferor, and ISSUER ADMINISTRATION AGREEMENT Dated as of February 14, 2024Issuer Administration Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
This Issuer Administration Agreement, dated as of February 14, 2024 (the “Agreement”), is among BMW Vehicle Lease Trust 2024-1, 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 Trust Company, National Association, a national banking association, as indenture trustee (the “Indenture Trustee”).
FINANCIAL SERVICES VEHICLE TRUST, as Vehicle Trust, and BMW MANUFACTURING L.P., as UTI Beneficiary, and BMW FINANCIAL SERVICES NA, LLC, as Servicer and SponsorBasic Servicing Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
This 2024-1 Servicing Supplement, dated as of February 14, 2024, 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 2024-1, as Transferee ISSUER SUBI CERTIFICATE TRANSFER AGREEMENT Dated as of February 14, 2024Transfer Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
This Issuer SUBI Certificate Transfer Agreement, dated as of February 14, 2024 (this “Agreement”), is between BMW Auto Leasing LLC, a Delaware limited liability company, as transferor (the “Transferor”), and BMW Vehicle Lease Trust 2024-1, a Delaware statutory trust (the “Issuer”), as transferee (in such capacity, the “Transferee”).
FINANCIAL SERVICES VEHICLE TRUST, BMW MANUFACTURING L.P., BMW AUTO LEASING LLC, BMW VEHICLE LEASE TRUST 2024-1, and as Indenture Trustee BACK-UP SECURITY AGREEMENT Dated as of February 14, 2024Security Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • 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 February 14, 2024Certificate Transfer Agreement • February 14th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
This SUBI Certificate Transfer Agreement, dated as of February 14, 2024 (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 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 TrusteeBMW Vehicle Lease Trust 2024-1 • February 14th, 2024 • Asset-backed securities
This 2024-1 Vehicle Trust Supplement, dated as of February 14, 2024, 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 2024-1, as Issuer, BMW FINANCIAL SERVICES NA, LLC, as Administrator, BMW AUTO LEASING LLC, as Transferor, and FORM OF ISSUER ADMINISTRATION AGREEMENT Dated as of February 14, 2024Vehicle Lease Trust • February 8th, 2024 • BMW Vehicle Lease Trust 2024-1 • Asset-backed securities • New York
This Issuer Administration Agreement, dated as of February 14, 2024 (the “Agreement”), is among BMW Vehicle Lease Trust 2024-1, 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 Trust Company, National Association, a national banking association, as indenture trustee (the “Indenture Trustee”).
