FORM OF AMENDED AND RESTATED TRUST AGREEMENT between BMW FS SECURITIES LLC as Depositor, and as Owner Trustee Dated as of [_____], 20[__]Trust Agreement • June 27th, 2012 • BMW Fs Securities LLC • Asset-backed securities • Delaware
THIS AMENDED AND RESTATED TRUST AGREEMENT, dated as of [_____], 20[__], is between BMW FS SECURITIES LLC, a Delaware limited liability company, as depositor (the “Depositor”), and [__________], a national banking association, as owner trustee (the “Owner Trustee”).
FORM OF INDENTURE between BMW VEHICLE OWNER TRUST [____]-[__], as Issuer, and as Indenture Trustee Dated as of [_____], 20[__]Indenture • June 27th, 2012 • BMW Fs Securities LLC • Asset-backed securities • New York
THIS INDENTURE, dated as of [_____], 20[__], is between BMW VEHICLE OWNER TRUST [____]-[__], a Delaware statutory trust (the “Issuer”), and [__________], a national banking association, as trustee and not in its individual capacity (the “Indenture Trustee”).
FORM OF RECEIVABLES PURCHASE AGREEMENT between BMW FINANCIAL SERVICES NA, LLC, as Seller, and BMW FS SECURITIES LLC, as Depositor Dated as of [_____], 20[__]Receivables Purchase Agreement • June 27th, 2012 • BMW Fs Securities LLC • Asset-backed securities • New York
THIS RECEIVABLES PURCHASE AGREEMENT dated as of [_____], 20[__], is between BMW FINANCIAL SERVICES NA, LLC, a Delaware limited liability company (the “Seller”), and BMW FS SECURITIES LLC, a Delaware limited liability company, as depositor (the “Depositor”).
FORM OF OWNER TRUST ADMINISTRATION AGREEMENT among BMW VEHICLE OWNER TRUST [_____]-[__], as Issuer, BMW FINANCIAL SERVICES NA, LLC, as Owner Trust Administrator, and as Indenture Trustee Dated as of [_____], 20[__]Owner Trust Administration Agreement • June 27th, 2012 • BMW Fs Securities LLC • Asset-backed securities • New York
Reference Criteria 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s receivables documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable receivables documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the related receivables, or such other number of days specified in the transaction agreements. 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or suc
BMW VEHICLE OWNER TRUST 20[__]-[__] $[__________] ASSET BACKED NOTES BMW FS SECURITIES LLC (DEPOSITOR) FORM OF UNDERWRITING AGREEMENTUnderwriting Agreement • June 27th, 2012 • BMW Fs Securities LLC • Asset-backed securities • New York
FORM OF SALE AND SERVICING AGREEMENT among BMW VEHICLE OWNER TRUST [____]-[__], as Issuer, BMW FS SECURITIES LLC, as Depositor, BMW FINANCIAL SERVICES NA, LLC, as Seller, Sponsor, Servicer, Administrator and Custodian, and as Indenture Trustee Dated...Sale and Servicing Agreement • June 27th, 2012 • BMW Fs Securities LLC • Asset-backed securities • New York
THIS SALE AND SERVICING AGREEMENT (this “Agreement”), dated as of [_____], 20[__] is among BMW VEHICLE OWNER TRUST [____]-[__], a Delaware statutory trust (the “Issuer”), BMW FS SECURITIES LLC, a Delaware limited liability company (the “Depositor”), BMW FINANCIAL SERVICES NA, LLC, a Delaware limited liability company (“BMW FS”), as seller (in such capacity, the “Seller”), as sponsor (in such capacity, the “Sponsor”), as servicer (in such capacity, the “Servicer”), as administrator (in such capacity, the “Administrator”) and as custodian (in such capacity, the “Custodian”), and [__________], a national banking association, as indenture trustee (the “Indenture Trustee”).
