LIMITED LIABILITY COMPANY AGREEMENT FOR BMW FS SECURITIES LLC (a Delaware Limited Liability Company) Effective as of July 8, 2016Limited Liability Company Agreement • July 11th, 2016 • BMW Fs Securities LLC • Asset-backed securities • Delaware
This Amended and Restated Limited Liability Company Agreement (this “LLC Agreement”) is entered into on and shall be effective as of July 8, 2016, by BMW Financial Services NA, LLC, a Delaware limited liability company (“BMW FS”), as the primary member, and BMW FS Receivables Corporation, a Delaware corporation (“Receivables Corp.”), as the second member, with reference to the following:
