Common use of SUBI Certificate Clause in Contracts

SUBI Certificate. Immediately prior to the transfer of the 2021-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 2021-1 SUBI Certificate and it has the legal right to transfer the 2021-1 SUBI Certificate; (B) has good and valid title to the 2021-1 SUBI Certificate and the 2021-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 2021-1 SUBI Certificate to the Transferee under this Agreement.

Appears in 4 contracts

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

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SUBI Certificate. Immediately prior to the transfer of the 20212015-1 2 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212015-1 2 SUBI Certificate and it has the legal right to transfer the 20212015-1 2 SUBI Certificate; (B) has good and valid title to the 20212015-1 2 SUBI Certificate and the 20212015-1 2 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212015-1 2 SUBI Certificate to the Transferee under this Agreement.

Appears in 2 contracts

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

SUBI Certificate. Immediately prior to the transfer of the 20212015-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212015-1 SUBI Certificate and it has the legal right to transfer the 20212015-1 SUBI Certificate; (B) has good and valid title to the 20212015-1 SUBI Certificate and the 20212015-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212015-1 SUBI Certificate to the Transferee under this Agreement.

Appears in 2 contracts

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

SUBI Certificate. Immediately prior to the transfer of the 20212012-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212012-1 SUBI Certificate and it has the legal right to transfer the 20212012-1 SUBI Certificate; (B) has good and valid title to the 20212012-1 SUBI Certificate and the 20212012-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212012-1 SUBI Certificate to the Transferee under this Agreement.

Appears in 2 contracts

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

SUBI Certificate. Immediately prior to the transfer of the 20212011-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212011-1 SUBI Certificate and it has the legal right to transfer the 20212011-1 SUBI Certificate; (B) has good and valid title to the 20212011-1 SUBI Certificate and the 20212011-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212011-1 SUBI Certificate to 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)

SUBI Certificate. Immediately prior to the transfer of the 20212022-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212022-1 SUBI Certificate and it has the legal right to transfer the 20212022-1 SUBI Certificate; (B) has good and valid title to the 20212022-1 SUBI Certificate and the 20212022-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212022-1 SUBI Certificate to the Transferee under this Agreement.

Appears in 2 contracts

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

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SUBI Certificate. Immediately prior to the transfer of the 20212013-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212013-1 SUBI Certificate and it has the legal right to transfer the 20212013-1 SUBI Certificate; (B) has good and valid title to the 20212013-1 SUBI Certificate and the 20212013-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212013-1 SUBI Certificate to the Transferee under this Agreement.

Appears in 2 contracts

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

SUBI Certificate. Immediately prior to the transfer of the 20212007-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212007-1 SUBI Certificate and it has the legal right to transfer the 20212007-1 SUBI Certificate; (B) has good and valid title to the 20212007-1 SUBI Certificate and the 20212007-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212007-1 SUBI Certificate to the Transferee under this Agreement.

Appears in 1 contract

Samples: Certificate Transfer Agreement (BMW Vehicle Lease Trust 2007-1)

SUBI Certificate. Immediately prior to the transfer of the 20212009-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 20212009-1 SUBI Certificate and it has the legal right to transfer the 20212009-1 SUBI Certificate; (B) has good and valid title to the 20212009-1 SUBI Certificate and the 20212009-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 20212009-1 SUBI Certificate to the Transferee under this Agreement.

Appears in 1 contract

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

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