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”).
