Exhibit 10.9

NISSAN-INFINITI LT,

as Origination Trust,

NILT TRUST,

as UTI Beneficiary,

and

NISSAN MOTOR ACCEPTANCE CORPORATION,

as Servicer

 

 

SECOND AMENDMENT TO

SERVICING AGREEMENT

Dated as of January 27, 2020

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SECOND AMENDMENT TO SERVICING AGREEMENT

This Second Amendment to Servicing Agreement (this “Amendment”) is dated as of
January 27, 2020 and entered into by and among Nissan-Infiniti LT, a Delaware
statutory trust (the “Origination Trust”), NILT Trust, a Delaware statutory
trust (“NILT Trust”), as initial beneficiary of the Origination Trust (the “UTI
Beneficiary”), and Nissan Motor Acceptance Corporation, a California corporation
(“NMAC”), as servicer (in such capacity, the “Servicer”), and is made with
reference to that certain Servicing Agreement, dated as of March 1, 1999, as
amended by that First Amendment to Servicing Agreement, dated as of January 3,
2001 (collectively, the “Servicing Agreement”), by and among the Origination
Trust, NILT Trust and NMAC. Capitalized terms used herein that are not otherwise
defined shall have the meanings ascribed thereto in the Servicing Agreement or
the Amended and Restated Trust and Servicing Agreement, dated as of August 26,
1998 (the “Origination Trust Agreement”), by and among NILT Trust, as UTI
Beneficiary, NMAC, as Servicer, NILT, Inc., a Delaware corporation, as trustee,
Wilmington Trust Company, a Delaware trust company, as Delaware trustee, and
U.S. Bank National Association, a national banking association, as trust agent.

RECITALS

WHEREAS, the parties hereto wish to remove the provisions of the Servicing
Agreement with respect to NMAC’s like-kind exchange program due to the
termination of NMAC’s like-kind exchange program;

WHEREAS, pursuant to Section 6.02(b) of the Servicing Agreement, the Servicing
Agreement may be amended by the parties thereto without the consent of any
Holder or other Beneficiary provided that an Opinion of Counsel is delivered to
the Trustee to the effect that such amendment shall not materially and adversely
affect the interest of any Holder; and

WHEREAS, an Opinion of Counsel has been delivered to the Trustee as provided by
Section 6.02(b) of the Servicing Agreement.

NOW, THEREFORE, in consideration of the amendments, agreements, and other
provisions herein contained and of other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties hereto agree
as follows:

ARTICLE ONE

AMENDMENT OF THE SERVICING AGREEMENT

SECTION 1.01. Amendment of Section 2.01. Section 2.01(a) is hereby amended by
renumbering subparagraph “(ix)” to read “(viii),” adding the word “and” at the
end of subparagraph (vii), and deleting subparagraph (viii) in its entirety.

 

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SECTION 1.02. Amendment of Section 2.05. Section 2.05 is hereby amended by
deleting paragraph (b) in its entirety and substituting in lieu thereof a new
paragraph (b), reading in its entirety as follows:

“(b) Except as otherwise prohibited in the applicable Supplement or Servicing
Supplement, the UTI Beneficiary shall make Capital Contributions or loans to the
Origination Trust in the amounts required to pay the relevant Dealers the
purchase price for Leases and Leased Vehicles that NMAC has caused such Dealers
to assign to the Origination Trust from time to time pursuant to the Assignment
Agreement and the related Dealer Agreements. Such Capital Contributions may be
funded by a loan made by NMAC to the UTI Beneficiary secured by a pledge of the
UTI Certificate or by other means. In lieu of paying Capital Contributions or
making loans to the Origination Trust and having the Origination Trust pay the
Dealers, the UTI Beneficiary may, on behalf of the Origination Trust, pay or
cause to be paid the amounts of such Capital Contributions or loans directly to
the Dealers to whom payment is due.”

SECTION 1.03. Amendment of Section 2.07(c). Section 2.07(c) is hereby amended by
deleting subparagraph (v) in its entirety.

SECTION 1.04. Amendment of Section 2.07. Section 2.07 is hereby further amended
by deleting paragraph (g) in its entirety.

SECTION 1.05. Amendment of Section 2.11. Section 2.11 is hereby amended by
deleting paragraph (c) in its entirety.

SECTION 1.06. Amendment of Article Six. Article Six is hereby amended by
deleting Section 6.15 in its entirety.

SECTION 1.07. Amendment of Exhibit A. Exhibit A is hereby amended by deleting
the following definitions to Exhibit A (Definitions) of the Servicing Agreement
in their entirety: “Contract Residual,” “LKE Program,” “QI” and “Replacement
Vehicle.”

ARTICLE TWO

MISCELLANEOUS

SECTION 2.01. Reference to and Effect on the Servicing Agreement.

(a) On or after the date hereof, each reference in the Servicing Agreement to
the “Servicing Agreement,” “this Agreement,” “hereunder,” “hereof,” “herein,” or
words of similar import referring the Servicing Agreement shall mean and be a
reference to the Servicing Agreement as amended by this Amendment.

(b) Except as specifically amended by this Amendment, the Servicing Agreement
shall remain in full force and effect and is hereby ratified and confirmed.

SECTION 2.02. Governing Law. This Amendment shall be created under and governed
by and construed in under the internal laws of the State of California, without
regard to any otherwise applicable principles of conflict of laws.

 

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SECTION 2.03. Counterparts. This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed to be
an original, but all of which counterparts shall together constitute but one and
the same instrument.

[Remainder of the page intentionally left blank.]

 

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IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly
executed by its authorized officer as of the date first above written.

 

NISSAN-INFINITI LT By:   NILT, INC.,   as Trustee of Nissan-Infiniti LT By:  

/s/ Edwin J. Janis

  Name:   Edwin J. Janis   Title:   Vice President

 

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IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly
executed by its authorized officer as of the date first above written.

 

NILT TRUST,   as UTI Beneficiary By:  

U.S. BANK TRUST NATIONAL ASSOCIATION,

as Trustee

By:  

/s/ Brian W. Kozack

  Name:   Brian W. Kozack   Title:   Vice President

 

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IN WITNESS WHEREOF, the undersigned has caused this Amendment to be duly
executed by its authorized officer as of the date first above written.

 

NISSAN MOTOR ACCEPTANCE CORPORATION, as Servicer By:  

/s/ Kevin J. Cullum

  Name:   Kevin J. Cullum   Title:   President

 

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