EX-10.2





 Exhibit 10.2 

NISSAN-INFINITI LT LLC 

20[•]-[•] SERIES SUPPLEMENT 

[•] [•], 20[•] 
  

	To:	 U.S. Bank National Association, 



as Titling Company Registrar of Nissan-Infiniti LT LLC (the “Company”) 

 

	Re:	 Designation of 20[•]-[•] Series Interest 



 

	cc:	 [•], not in its individual capacity, but as Indenture Trustee, as Registered Pledgee;



 Nissan Motor Acceptance Company LLC, as Administrator 

Reference is made to the Limited Liability Company Agreement of the Company, dated as of April 1, 2021 (as amended from time to time, the
“Titling Company Agreement”), among NILT LLC, as member of the Company (in such capacity, the “Member”), Nissan Motor Acceptance Company LLC (“NMAC”), as manager (in such capacity, the
“Administrator”), and U.S. Bank National Association, a national banking association, as Titling Company Registrar (in such capacity, the “Titling Company Registrar”). Unless otherwise defined herein, all
capitalized terms will have the meanings ascribed thereto in Annex A to the Series Certificate Sale Agreement dated as of [•] [•], 20[•], by and between NILT LLC and Nissan Auto Leasing LLC II, and, if not defined therein, will
have the meanings ascribed thereto in the Titling Company Agreement, which also contains rules as to usage that are applicable herein. 
 1.
Pursuant to Section 4.1(a) of the Titling Company Agreement, a new Series Interest, to be known as the “Nissan-Infiniti LT LLC—20[•]-[•] Series Interest” (the
“20[•]-[•] Series Interest”) is hereby established and formed, and there shall be issued a Certificate representing the 20[•]-[•] Series Interest (the
“20[•]-[•] Series Certificate”), substantially in the form of Exhibit A, representing the entire 20[•]-[•] Series Interest. The 20[•]-[•] Series Interest shall have
the Series Assets allocated to and associated with from time to time such Series Interest and listed in the Schedule of 20[•]-[•] Series Assets (the “20[•]-[•] Series Assets”). 

2. The 20[•]-[•] Series Interest is a separate protected series of the Company within the meaning of
Section 18-215(b) of the Act. 
 3. Pursuant to Section 4.1(c)(i) of
the Titling Company Agreement, the Series Issue Date of the 20[•]-[•] Series Interest is [•] [•], 20[•] (the “20[•]-[•] Series Issue Date”). 

4. Pursuant to Section 4.1(c)(iv) of the Titling Company Agreement, Nissan Auto Lease Trust 20[•]-[•] is
designated as the initial registered Holder of the entire 20[•]-[•] Series Interest as of the 20[•]-[•] Series Issue Date. You are directed to authenticate, as of the 20[•]-[•] Series Issue Date, a single Certificate,
designated as 20[•]-[•] Series Certificate No. 1, which will represent the entire 20[•]-[•] Series Interest. 
 5.
The 20[•]-[•] Series Interest is a Fixed Series Interest. 
 6. The 20[•]-[•] Series Certificate is issued as a single
class. 












 7. Pursuant to Section 4.1(c)(v) of the Titling Company Agreement,
the Series Cutoff Date for the 20[•]-[•] Series Interest will be [•] [•], 20[•]. 
 8. Rights in Respect of the
20[•]-[•] Series Interest: Each Holder and Registered Pledgee of the 20[•]-[•] Series Certificate is a third-party beneficiary of this Series Supplement and the Titling Company Agreement insofar as
this 20[•]-[•] Series Supplement and the Titling Company Agreement apply to the 20[•]-[•] Series Interest, the Holders of the 20[•]-[•] Series Certificate and the Registered Pledgees of the 20[•]-[•] Series
Certificate. Therefore, to the extent references in the Titling Company Agreement to the ability of a “Holder” or a “Registered Pledgee” of a Series Certificate to take any action shall be deemed to refer to the Indenture Trustee
(as Registered Pledgee of the 20[•]-[•] Series Certificate), acting at the direction of the Required Percentage of the Noteholders and thereafter, the Owner Trustee, acting at the direction of the Required Percentage of the Trust
Certificateholders (which for this purpose shall include the Trust Certificates owned by the Issuing Entity, the Depositor, the Servicer (so long as NMAC or an Affiliate is the Servicer) and any of their respective Affiliates) until the final
distribution is made with respect to the 20[•]-[•] Series Assets. 
 9. Transfer Restrictions: 

(a) The 20[•]-[•] Series Certificate (or the 20[•]-[•] Series Interest represented thereby) may not be acquired or held by
or on behalf of any Benefit Plan Investor. The 20[•]-[•] Series Certificate (or the 20[•]-[•] Series Interest represented thereby) may not be acquired or held by or on behalf of a Plan that is subject to Similar Law if the
acquisition, holding and disposition of the 20[•]-[•] Series Certificate (or the 20[•]-[•] Series Interest represented thereby) would result in a violation of Similar Law or would result in the assets of the Company being
(i) considered plan assets of such plan or (ii) subject to Similar Law. 
 (b) Notwithstanding any other provision herein, no
transfer or assignment of the 20[•]-[•] Series Certificate or the 20[•]-[•] Series Interest represented thereby (other than transfer or assignments to the Depositor or the Issuing Entity and the related pledge to the Indenture
Trustee) will be valid, and any such purported transfer or assignment shall, to the fullest extent permitted by law, be deemed null, void, and of no effect herewith, unless the purported transferee first shall have certified in writing to the
Titling Company and the Administrator that, for U.S. federal income tax purposes, the transferee is not a partnership, S Corporation (as defined in the Code), or grantor trust having more than one beneficial owner or having a single beneficial owner
that is a partnership or S Corporation. 
 10. 20[•]-[•] Series Collection Account: 

(a) With respect to the 20[•]-[•] Series Interest, the Servicer, on or prior to the Closing Date, shall establish and maintain in
the name of the Registered Pledgee until the Outstanding Amount of the Notes is zero, and thereafter in the name of the Holder, the 20[•]-[•] Series Collection Account (the “20[•]-[•] Series
Collection Account”). The 20[•]-[•] Series Collection Account shall be initially established with the Registered Pledgee. If the 20[•]-[•] Series Collection Account shall cease to be an Eligible Account or if the
Servicer, in its sole discretion, notifies the Registered Pledgee in writing that the 20[•]-[•] Series Collection Account should be moved, then the Servicer shall, with the assistance of the Registered Pledgee, as necessary, cause such
20[•]-[•] Series 

  
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Collection Account to be moved to an alternate institution selected by the Servicer. The 20[•]-[•] Series Collection Account shall be related solely to the 20[•]-[•] Series
and the 20[•]-[•] Series Assets, and funds therein shall not be commingled with any other monies, except as otherwise provided for in, or contemplated by, the Titling Company Agreement or in the Servicing Agreement. All deposits into the
20[•]-[•] Series Collection Account shall be made as described in the Servicing Agreement. 
 (b) On each Deposit Date and Payment
Date, pursuant to the instructions from the Servicer, the Registered Pledgee shall make deposits and withdrawals from the 20[•]-[•] Series Collection Account as set forth in the 20[•]-[•] Series Servicing Supplement. 

(c) Any transfer of funds to a Holder of a 20[•]-[•] Series Certificate shall be made as directed pursuant to the Basic Documents.

 11. 20[•]-[•] Reserve Account: Pursuant to Section 5.01(b) of the Trust Agreement, the
Servicer, on behalf of the Issuing Entity, on or prior to the Closing Date, shall establish and maintain the Reserve Account (i) with the Indenture Trustee, until the Outstanding Amount is reduced to zero, and (ii) thereafter with the
Owner Trustee. Deposits to and withdrawals from the Reserve Account shall be made as directed pursuant to the Basic Documents, including Section 8.04(c) of the Indenture, Section 8.03 of the 20[•]-[•] Series Servicing Supplement
and Section 12 of this 20[•]-[•] Series Supplement. 
 12. Investment of Monies in
20[•]-[•] Series Accounts: All amounts held in the 20[•]-[•] Series Collection Account and the Reserve Account shall be invested in Permitted Investments in accordance with Section 8.05(a) of
the Indenture. 
 13. Termination of 20[•]-[•] Series: 

(a) If all of the Series Assets allocated to or associated with the 20[•]-[•] Series Interest have been liquidated into cash and all
such cash shall have been distributed, then, at the direction of the Holder of the 20[•]-[•] Series Certificate, the 20[•]-[•] Series Interest shall be terminated and the 20[•]-[•] Series Certificate shall be returned
to the Titling Company Registrar and canceled. 
 (b) Upon a written direction to the Administrator from the Holder of the
20[•]-[•] Series Certificate (subject to the rights of the Registered Pledgee), the Administrator shall (at the expense of the Holder of the 20[•]-[•] Series Certificate), subject to the Act, either (i) distribute the
20[•]-[•] Series Assets to the Holder of the 20[•]-[•] Series Certificate or (ii) allocate to, and associate with, the 20[•]-[•] Series Assets to the Unallocated Assets Series or to an Other Series, as directed by
such Holder; provided, however, that the 20[•]-[•] Series Assets shall not be subject to such distribution or allocation and association prior to the earlier of (x) the acceleration of the Notes under Section 5.02 of the
Indenture following an Indenture Default or (y) payment in full of principal of, and accrued interest on, the Notes. 
 14.
Amendments: 
 (a) Notwithstanding any provision of the Titling Company Agreement, the Titling Company Agreement, as supplemented by
this 20[•]-[•] Series Supplement, to the extent that it relates solely to the 20[•]-[•] Series, may be amended in accordance with this Section 14. 

  
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 (b) Any term or provision of this 20[•]-[•] Series Supplement may be amended by
the parties hereto, without the consent of any other Person; provided that (i) either (A) any amendment that materially and adversely affects the Noteholders shall require the consent of Noteholders evidencing not less than a Majority Interest
of the Notes voting together as a single class, or (B) such amendment shall not materially and adversely affect the Noteholders, and (ii) any amendment that adversely affects the interests of the Trust Certificateholder, the Indenture
Trustee or the Owner Trustee shall require the prior written consent of each Person whose interests are adversely affected. An amendment shall be deemed not to materially and adversely affect the Noteholders if (i) the Rating Agency Condition
is satisfied with respect to such amendment, or (ii) the Member delivers an Officer’s Certificate to the Indenture Trustee stating that such amendment shall not materially and adversely affect the Noteholders. The consent of the Trust
Certificateholder or the Owner Trustee shall be deemed to have been given if the Member does not receive a written objection from such Person within 10 Business Days after a written request for such consent shall have been given. The Indenture
Trustee and the Owner Trustee may, but shall not be obliged to, enter into or consent to any such amendment that affects the Indenture Trustee’s or the Owner Trustee’s own rights, duties, liabilities or immunities under this Series
Supplement or otherwise. 
 (c) Notwithstanding the foregoing, no amendment shall (i) reduce the interest rate or principal amount of
any Note, or change the due date of any installment of principal of or interest in any Note, or the Redemption Price with respect thereto, without the consent of the Holder of such Note, or (ii) reduce the Outstanding Amount, the Holders of
which are required to consent to any matter without the consent of the Holders of at least a Majority Interest of the Notes which were required to consent to such matter before giving effect to such amendment. 

(d) It shall not be necessary for the consent of any Person pursuant to this Section for such Person to approve the particular form of any
proposed amendment, but it shall be sufficient if such Person consents to the substance thereof. 
 (e) Prior to the execution of any
amendment to this 20[•]-[•] Series Supplement, the Member shall provide each Rating Agency, the Trust Certificateholder, the Depositor, the Owner Trustee and the Indenture Trustee with written notice of the substance of such amendment. No
later than 10 Business Days after the execution of any amendment to this 20[•]-[•] Series Supplement, the Member shall furnish a copy of such amendment to each Rating Agency, the Issuing Entity, the Trust Certificateholder, the Indenture
Trustee and the Owner Trustee. 
 (f) Prior to the execution of any amendment to this 20[•]-[•] Series Supplement, the Member
shall provide an Opinion of Counsel to the Titling Company Registrar to the effect that after such amendment, for U.S. federal income tax purposes, the Company will not be treated as an association (or a publicly traded partnership) taxable as a
corporation and the Notes (other than Tax Retained Notes) will properly be characterized as indebtedness. 
 (g) The Indenture Trustee shall
not be under any obligation to ascertain whether a Rating Agency Condition has been satisfied with respect to any amendment. When the Rating Agency Condition is satisfied with respect to such amendment, the Member shall deliver to a Responsible
Officer of the Indenture Trustee an Officer’s Certificate to that effect, and the Indenture Trustee may conclusively rely upon the Officer’s Certificate from the Member that a Rating Agency Condition has been satisfied with respect to such
amendment. 

  
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 15. Governing Law: THIS 20[•]-[•] SERIES SUPPLEMENT WILL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE (WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES), ALL RIGHTS AND REMEDIES BEING GOVERNED BY SAID LAWS. 

16. LLC Agreement: For all purposes of the Act, the Titling Company Agreement, together with each Series Supplement (including this
20[•]-[•] Series Supplement) and Series Designation Notice, shall constitute the “limited liability company agreement” of the Company within the meaning of the Act. The terms and provisions of each Series Supplement (including
this Series Supplement) and Series Designation Notice may have the effect of altering, supplementing or amending the terms and provisions of the Titling Company Agreement with respect to the Series governed or established thereby, but shall not
alter, supplement or amend the terms of the Titling Company Agreement with respect to any other Series. To the extent that any of the terms or provisions of a Series Supplement or Series Designation Notice conflict with any of the terms or
provisions of the Titling Company Agreement, the terms or provisions of such Series Supplement or Series Designation Notice shall control with respect to such Series. The Holder hereby agrees that it is bound by the Titling Company Agreement. 

17. Third Party Beneficiaries: Each of the Indenture Trustee and the Owner Trustee shall be a third-party beneficiary hereof with the
right to enforce this 20[•]-[•] Series Supplement to the same extent as if a party hereto. 
 18. Limitation on Owner Trustee
Liability: It is expressly understood and agreed by the parties hereto that (a) this 20[•]-[•] Series Supplement is executed and delivered by [•] (“[•]”), not individually or personally, but solely as Owner
Trustee of the Holder, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Holder is made and intended not as a personal
representation, undertaking or agreement by [•], but is made and intended for the purpose of binding only the Holder, (c) nothing herein contained shall be construed as creating any liability on [•], individually or personally, to
perform any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall
[•] be personally liable for the payment of any indebtedness or expenses of the Holder or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Holder under this
20[•]-[•] Series Supplement or any other related documents. 
 19. Counterparts; Electronic Signatures: This
20[•]-[•] Series Supplement may be executed (including by way of electronic or facsimile transmission) in any number of counterparts and by separate parties hereto on separate counterparts, each of which when executed shall be deemed an
original, but all counterparts taken together shall constitute one and the same instrument. The parties acknowledge and agree that they may execute this 20[•]-[•] Series Supplement and any variation or amendment to the same, by electronic
instrument. The parties agree that the electronic signatures appearing on the document shall have the same effect as handwritten signatures and the use of an electronic signature on this 20[•]-[•] Series Supplement


  
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shall have the same validity and legal effect as the use of a signature affixed by hand and is made with the intention of authenticating this 20[•]-[•] Series Supplement, and evidencing
the parties’ intention to be bound by the terms and conditions contained herein. For the purposes of using an electronic signature, the parties authorize each other to the lawful processing of personal data of the signers for contract
performance and their legitimate interests including contract management. 
 20. Notices: The notice provisions of
Section 11.3 of the Titling Company Agreement shall apply equally to this 20[•]-[•] Series Supplement. A copy of each notice or other writing required to be delivered pursuant to this 20[•]-[•] Series
Supplement shall be in writing and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand or, in the case of mail, email (if an email address is provided) or facsimile notice, when
actually received by the intended recipient, addressed to the party to be notified, and sent to (i) the Owner Trustee at [•], (email: [•]), Attention: [•]; (ii) the Servicer at [•] (email: [•]), Attention:
[•]; (iii) the Titling Company Registrar at [•], Attention: [•] (email: [•]); or (iv) at such other address as shall be designated by any of the foregoing in written notice to the other parties hereto; provided,
however, any demand, notice or communication to be delivered pursuant to the Series LLC Agreement to any Rating Agency shall be deemed to be delivered if a copy of such demand, notice or communication has been posted on any web site
maintained by NMAC pursuant to a commitment to any Rating Agency relating to the Notes in accordance with 17 C.F.R. 240 17g-5(a)(3). 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the Member has caused this 20[•]-[•] Series Supplement to be
duly executed and delivered by its officer hereunto duly authorized, as of the date first above written. 
  

			
	NILT LLC, as Member
		
	By:	 	 
	Name:	 	
	Title:	 	














 Acknowledged and Agreed: 

 

			
	NISSAN AUTO LEASE TRUST 20[•]-[•],
as Holder
		
	By:	 	[•],
not in its individual capacity, but solely as Owner Trustee
		
	By:	 	 
	Name:	 	
	Title:	 	














 EXHIBIT A 

[Form of Certificate] 

NISSAN-INFINITI LT LLC 

NISSAN-INFINITI LT LLC – SERIES 20[•]-[•] CERTIFICATE 

 

			
	Certificate No. [    ]	  	Percentage: 100%

 (This Certificate does not represent an interest in or obligation of Nissan Motor Acceptance Company LLC, U.S. Bank National
Association or any of their respective affiliates, except to the extent described below.) 
 The Series Interest represented by this Certificate shall
constitute a “security” within the meaning of, and governed by, (i) Article 8 of the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the
State of Delaware, and (ii) the corresponding provisions of the Uniform Commercial Code of any other applicable jurisdiction that now or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted by the American Law
Institute and the National Conference of Commissioners on Uniform State Laws and approved by the American Bar Association on February 14, 1995. 

THIS CERTIFIES THAT [ ] is the registered owner of 100% of Nissan-Infiniti LT LLC – 20[•]-[•] Series Interest (the
“20[•]-[•] Series Interest”), a designated series of limited liability company interests in Nissan-Infiniti LT LLC, a Delaware limited liability company (the “Company”). The
Series Interests represented by this Certificate shall be nonassessable and fully paid. 
 The Company is a Delaware limited liability
company governed by the Limited Liability Company Agreement of the Company, dated as of April 1, 2021 (as supplemented or amended from time to time, the “Titling Company Agreement”), among NILT LLC, as member (in such capacity,
the “Member”), Nissan Motor Acceptance Company LLC (“NMAC”) as administrator (in such capacity, the “Administrator”), the Independent Manager (as defined therein), and U.S. Bank National
Association, a national banking association, as Titling Company Registrar (in such capacity, the “Titling Company Registrar”). Unless otherwise defined herein, all capitalized terms used but not defined in this Certificate will have
the meanings ascribed thereto in the Titling Company Agreement, which also contains rules as to usage that are applicable herein. The Holder agrees that it is bound by the Titling Company Agreement. 

This Certificate is one of a duly authorized Certificates. This Certificate is issued under and is subject to the Titling Company Agreement
and the Amended and Restated Servicing Agreement, dated as of April 1, 2021, between the Company, NILT LLC, as Member and NMAC, as Servicer, as supplemented by that certain 20[•]-[•] Series Servicing Supplement, dated as of [•]
[•], 20[•], between the Company, NILT LLC, as Member and NMAC, as Servicer (collectively, the “Servicing Agreement”). 

Any rights of the Holder of this Certificate are limited to the Series Interest represented hereby (and will include the right to receive all
Collections on the related Series Assets pursuant to Section 4.3(b)(iii) of the Titling Company Agreement). The Holder of this Certificate, 












 
by acceptance of this Certificate, agrees to release all Claims to the Unallocated Assets and any Other Series Assets, respectively, and, in the event such release is not given effect, to
subordinate fully all Claims it may be deemed to have against the Unallocated Assets or such Other Series Assets, as the case may be. 

Each Holder and Registered Pledgee of this Certificate, by acceptance of this Certificate or pledge thereof, covenants and agrees that prior
to the date which is one year and one day after the date upon which all obligations under each Securitized Financing have been paid in full, it will not institute against, or join any other Person in instituting against, the Member, the Company, any
Special Purpose Affiliate or any Beneficiary any involuntary bankruptcy, reorganization, arrangement, insolvency or liquidation Proceeding or other Proceeding under any federal or state bankruptcy or similar law. 

This Certificate, and the Series Interest represented hereby, may be transferred only in accordance with the Titling Company Agreement. 

THIS CERTIFICATE WILL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES UNDER THIS AGREEMENT WILL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Unless this Certificate is executed by an Authorized Officer of the Company and authenticated by an Authorized Officer of the Titling Company
Registrar on behalf of the Titling Company Registrar, this Certificate will not entitle the Holder thereof to any benefit under the Titling Company Agreement or be valid for any purpose. 












 IN WITNESS WHEREOF, the Company has caused this Certificate to be duly executed. 

 

							
		 		 	NISSAN-INFINITI LT LLC
				
	 Dated: _____________________, 2021
	 		 	By:	 	 
		 		 		 	Name:
		 		 		 	Title:













 TITLING COMPANY REGISTRAR’S CERTIFICATE OF AUTHENTICATION 

This is the 20[•]-[•] Series Certificate referred to in the within mentioned 20[•]-[•] Series Supplement. 

 

			
	U.S. BANK NATIONAL ASSOCIATION,
not in its individual capacity but solely
as Titling Company Registrar
		
	By:	 	 
		 	Authorized Officer














 FORM OF ASSIGNMENT 

_______________, 20___ 
 FOR
VALUE RECEIVED, the undersigned transfers and assigns unto _______________ the Nissan-Infiniti LT LLC—20[•]-[•] Series Interest, and all rights thereunder, irrevocably constituting and appointing _________________ as Attorney to
transfer said Nissan-Infiniti LT LLC—20[•]-[•] Series Interest on the books of the Company, with full power of substitution in the premises. The effectiveness of a transfer pursuant to this irrevocable assignment shall be subject to
any and all transfer restrictions referenced on the face of the Certificate or in the organizational documents of the subject company, to the extent they may from time to time exist. 

 

			
	Dated:
                                         
               	  	By: