ContractTrust Agreement • January 14th, 2015 • BMW Vehicle Lease Trust 2015-1 • Asset-backed securities • Delaware
BMW VEHICLE LEASE TRUST 2015-1, as Issuer, BMW FINANCIAL SERVICES NA, LLC, as Administrator, BMW AUTO LEASING LLC, as Transferor, and as Indenture Trustee ISSUER ADMINISTRATION AGREEMENT Dated as of January 14, 2015Issuer Administration Agreement • January 14th, 2015 • BMW Vehicle Lease Trust 2015-1 • Asset-backed securities • New York
ContractCertificate Transfer Agreement • January 14th, 2015 • BMW Vehicle Lease Trust 2015-1 • Asset-backed securities • New York
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 2015-1 • January 14th, 2015 • Asset-backed securities
FINANCIAL SERVICES VEHICLE TRUST, as Vehicle Trust, and BMW MANUFACTURING L.P., as UTI Beneficiary, and BMW FINANCIAL SERVICES NA, LLC, as Servicer and SponsorFinancial Services • January 14th, 2015 • BMW Vehicle Lease Trust 2015-1 • Asset-backed securities • New York
Reference Criteria Investor Remittances and Reporting 1122(d)(3)(i) Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of receivables serviced by the Servicer. 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, o
FINANCIAL SERVICES VEHICLE TRUST, BMW MANUFACTURING L.P., BMW AUTO LEASING LLC, BMW VEHICLE LEASE TRUST 2015-1, and as Indenture Trustee BACK-UP SECURITY AGREEMENT Dated as of January 14, 2015Back-Up Security Agreement • January 14th, 2015 • BMW Vehicle Lease Trust 2015-1 • Asset-backed securities • New York
