Common use of Acknowledgement and Agreement Clause in Contracts

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 2012-1 SUBI Certificate and the 2012-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2012-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2012-1)

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Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122024-1 SUBI Certificate and the 20122024-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Transfer Agreement (BMW Vehicle Lease Trust 2024-1), Transfer Agreement (BMW Vehicle Lease Trust 2024-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122013-1 SUBI Certificate and the 20122013-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2013-1), Issuer Subi Certificate Transfer Agreement (BMW Vehicle Lease Trust 2013-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122016-1 2 SUBI Certificate and the 20122016-1 2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2016-2), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2016-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122018-1 SUBI Certificate and the 20122018-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2018-1), Transfer Agreement (BMW Vehicle Lease Trust 2018-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122011-1 SUBI Certificate and the 20122011-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2011-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2011-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122014-1 SUBI Certificate and the 20122014-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Auto Leasing LLC), Certificate Transfer Agreement (BMW Auto Leasing LLC)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122017-1 2 SUBI Certificate and the 20122017-1 2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-2), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122019-1 SUBI Certificate and the 20122019-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2019-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2019-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122023-1 2 SUBI Certificate and the 20122023-1 2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2023-2), Transfer Agreement (BMW Vehicle Lease Trust 2023-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122022-1 SUBI Certificate and the 20122022-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Transfer Agreement (BMW Vehicle Lease Trust 2022-1), Transfer Agreement (BMW Vehicle Lease Trust 2022-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122016-1 SUBI Certificate and the 20122016-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Transfer Agreement (BMW Vehicle Lease Trust 2016-1), Agreement (BMW Vehicle Lease Trust 2016-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122015-1 SUBI Certificate and the 20122015-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2015-1), Vehicle Lease (BMW Auto Leasing LLC)

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Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122010-1 SUBI Certificate and the 20122010-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2010-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2010-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122017-1 SUBI Certificate and the 20122017-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2017-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122015-1 2 SUBI Certificate and the 20122015-1 2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Auto Leasing LLC), Vehicle Lease (BMW Auto Leasing LLC)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122023-1 SUBI Certificate and the 20122023-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Transfer Agreement (BMW Vehicle Lease Trust 2023-1), Transfer Agreement (BMW Vehicle Lease Trust 2023-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122021-1 SUBI Certificate and the 20122021-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 2 contracts

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2021-1), Certificate Transfer Agreement (BMW Vehicle Lease Trust 2021-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122009-1 SUBI Certificate and the 20122009-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 1 contract

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2009-1)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122021-1 2 SUBI Certificate and the 20122021-1 2 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement.

Appears in 1 contract

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2021-2)

Acknowledgement and Agreement. By execution below, the Transferor expressly acknowledges and consents to the pledge of the 20122019-1 SUBI Certificate and the 20122019-1 SUBI and the assignment of all rights and obligations of the Transferor related thereto by the Transferee to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders. In addition, the Transferor hereby acknowledges and agrees that for so long as the Notes are Outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Transferee under this Agreement. Section 3.12.

Appears in 1 contract

Samples: Certificate Transfer Agreement

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