UTI Beneficiary definition

UTI Beneficiary means NILT Trust, in its capacity as the initial beneficiary of the Titling Trust.

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UTI Beneficiary has the meaning set forth in the Preamble.

UTI Beneficiary has the meaning set forth in the Recitals.

Examples of UTI Beneficiary in a sentence

• The 2025-2 SUBI Certificate shall be printed, typewritten, photocopied or may be produced in any other manner as may, consistent herewith and with the Vehicle Trust Agreement, be determined by the UTI Beneficiary.

• The 2025-2 SUBI Certificate shall be substantially in the form of Exhibit B attached hereto, with such appropriate insertions, omissions, substitutions and other variations as are required by this Supplement and may have such letters, numbers or other marks of identification and such legends and endorsements placed thereon as may, consistent herewith and with the Vehicle Trust Agreement, be directed by the UTI Beneficiary.

• BMW MANUFACTURING L.P., as Grantor and UTI Beneficiary By: BMW FACILITY PARTNERS, LLC, as General Partner By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Treasurer By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇▇ Title: President BNY MELLON TRUST OF DELAWARE, as Vehicle Trustee By: /s/ ▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇ Title: Associate No. R‑___ evidencing a fractional undivided interest in all 2025-2 SUBI Assets (as defined below).

• Under the Vehicle Trust Agreement, from time to time the UTI Beneficiary may direct the Vehicle Trustee to issue to or upon the order of the UTI Beneficiary one or more certificates (each, a “SUBI Certificate”) representing a beneficial interest in certain specified Vehicles, Leases and related Trust Assets (such assets, the “SUBI Assets”).

• Notwithstanding Section 9.1(b) of the Vehicle Trust Agreement, the UTI Beneficiary shall not direct that the Vehicle Trust dissolve prior to payment in full of all amounts owed under the Vehicle Trust Agreement, the Trust Agreement and the Indenture and under any Securitized Financing in connection with an Other SUBI.

More Definitions of UTI Beneficiary

UTI Beneficiary means BMW Manufacturing L.P., in its capacity as initial Beneficiary of the Vehicle Trust, and its permitted successors and assigns.

UTI Beneficiary means TMCC, in its capacity as the initial beneficiary of the Titling Trust on the date of the UTI Supplement, and its successors and assigns (exclusive of any pledgee of a UTI Pledge).

UTI Beneficiary means (i) Ryder Truck Rental I LP or Ryder Truck Rental II LP, each a Delaware limited partnership, each in its capacity as an initial beneficiary of the Trust, and its permitted successors and assigns or (ii) any other UTI Beneficiary that becomes a party to this Agreement pursuant to Section 7.03(b).

UTI Beneficiary means GECCI, as beneficiary of the UTI.]

UTI Beneficiary means GE Capital Commercial Inc., as the beneficiary of the undivided trust interest in the Trust.

UTI Beneficiary has the meaning assigned to such term in the Annex of Definitions.

UTI Beneficiary has the meaning set forth in the Origination Trust Agreement.