Document:

EX-10.5

 Exhibit 10.5 
 EXECUTION VERSION 
  

 
 NISSAN AUTO LEASE TRUST 2012-B,

 NISSAN MOTOR ACCEPTANCE CORPORATION, 
 as Administrative Agent, 
 NISSAN AUTO LEASING LLC II, 

as Depositor, 

and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Indenture Trustee 

 
  

TRUST ADMINISTRATION AGREEMENT 
 Dated as of October 24, 2012 
  

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 Section 1.01 Capitalized Terms; Interpretive Provisions
	  	 	1	  
		
	 Section 1.02 Duties of the Administrative Agent
	  	 	2	  
		
	 Section 1.03 Records
	  	 	7	  
		
	 Section 1.04 Compensation
	  	 	7	  
		
	 Section 1.05 Additional Information to be Furnished to the Issuing Entity
	  	 	7	  
		
	 Section 1.06 Independence of the Administrative Agent
	  	 	7	  
		
	 Section 1.07 No Joint Venture
	  	 	7	  
		
	 Section 1.08 Other Activities of Administrative Agent
	  	 	7	  
		
	 Section 1.09 Term of Agreement; Resignation and Removal of Administrative Agent
	  	 	7	  
		
	 Section 1.10 Action Upon Termination, Resignation or Removal
	  	 	9	  
		
	 Section 1.11 Notices
	  	 	9	  
		
	 Section 1.12 Amendments
	  	 	10	  
		
	 Section 1.13 Successors and Assigns
	  	 	10	  
		
	 Section 1.14 Governing Law
	  	 	10	  
		
	 Section 1.15 Headings
	  	 	10	  
		
	 Section 1.16 Counterparts
	  	 	11	  
		
	 Section 1.17 Severability
	  	 	11	  
		
	 Section 1.18 Limitation of Liability of Owner Trustee and Indenture Trustee.
	  	 	11	  
		
	 Section 1.19 Third-Party Beneficiary
	  	 	11	  
		
	 Section 1.20 No Petition
	  	 	11	  

  
 -i-

 TRUST ADMINISTRATION AGREEMENT 

This Trust Administration Agreement, dated as of October 24, 2012 (this “Agreement”), is among Nissan Auto Lease
Trust 2012-B, a Delaware statutory trust (the “Issuing Entity”), Nissan Motor Acceptance Corporation, a California corporation (“NMAC”), as administrative agent (in such capacity, the “Administrative
Agent”), Nissan Auto Leasing LLC II, a Delaware limited liability company (“NALL II”), as depositor (the “Depositor”), and U.S. Bank National Association, a national banking association (“U.S.
Bank”), as indenture trustee (the “Indenture Trustee”). 
 RECITALS 

WHEREAS, the Issuing Entity was formed pursuant to a trust agreement, dated as of September 27, 2012, as amended and restated by the
amended and restated trust agreement, dated as of October 24, 2012 (the “Trust Agreement”), between the Depositor and Wilmington Trust, National Association, as trustee (the “Owner Trustee”); and 

WHEREAS, the parties desire to enter into this agreement to provide for, among other things, the Administrative Agent’s provision of
certain services to the Issuing Entity and the Owner Trustee. 
 NOW, THEREFORE, in consideration of the mutual agreements
herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1.01 Capitalized Terms; Interpretive Provisions. 
 (a)
Capitalized terms used herein that are not otherwise defined shall have the respective meanings ascribed thereto in the Agreement of Definitions, dated as of October 24, 2012, by and among the Issuing Entity, NILT Trust, a Delaware statutory
trust, as grantor and initial beneficiary (in such capacity, the “Grantor” and the “UTI Beneficiary,” respectively), Nissan-Infiniti LT, a Delaware statutory trust (the “Titling Trust”), NMAC, in
its individual capacity, as Administrative Agent and as servicer (in such capacity, the “Servicer”), NALL II, NILT, Inc., a Delaware corporation, as trustee to the Titling Trust (the “Titling Trustee”), the Owner
Trustee, Wilmington Trust Company, a Delaware corporation, as Delaware trustee (the “Delaware Trustee”), U.S. Bank, as trust agent (in such capacity, the “Trust Agent”) and the Indenture Trustee. 

(b) For all purposes of this Agreement, except as otherwise expressly provided or unless the context otherwise requires, (i) terms
used herein include, as appropriate, all genders and the plural as well as the singular, (ii) references to words such as “herein,” “hereof” and the like shall refer to this Agreement as a whole and not to any particular
part, Article or Section within this Agreement, (iii) references to an Article or Section such as “Article One” or “Section 1.01” shall refer to the applicable Article or Section of this Agreement, (iv) the term
“include” and all variations thereof shall mean “include without limitation,” (v) the term “or” shall include “and/or,” (vi) the term “proceeds” shall have the meaning ascribed to such term
in the UCC, (vii) references to Persons include their permitted successors and assigns, (viii) references to agreements and other contractual instruments include all subsequent amendments, amendments

  

			
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and restatements and supplements thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement, except that references to the SUBI Trust
Agreement include only such items as related to the 2012-B SUBI and the Titling Trust, (ix) references to laws include their amendments and supplements, the rules and regulations thereunder and any successors thereto, (x) references to
this Agreement include all Exhibits hereto, (xi) the phrase “Titling Trustee on behalf of the Trust,” or words of similar import, shall, to the extent required to effectuate the appointment of any Co-Trustee pursuant to the Titling
Trust Agreement, be deemed to refer to the Trustee (or such Co-Trustee) on behalf of the Titling Trust, and (xii) in the computation of a period of time from a specified date to a later specified date, the word “from” shall mean
“from and including” and the words “to” and “until” shall mean “to but excluding.” 

Section 1.02 Duties of the Administrative Agent. 
 (a) The Administrative Agent agrees to perform all its duties as Administrative Agent and the duties of the Issuing Entity and the Owner Trustee under the Related Documents. In addition, the
Administrative Agent shall consult with the Owner Trustee regarding the duties of the Issuing Entity or the Owner Trustee under the Related Documents. The Administrative Agent shall monitor the performance of the Issuing Entity and shall advise the
Owner Trustee when action is necessary to comply with the respective duties of the Issuing Entity and the Owner Trustee under the Related Documents. The Administrative Agent shall prepare for execution by the Issuing Entity, or shall cause the
preparation by other appropriate persons of, all such documents, reports, notices, filings, instruments, certificates and opinions that it shall be the duty of the Issuing Entity or the Owner Trustee to prepare, file or deliver pursuant to the
Related Documents. In addition, the Administrative Agent or the Depositor shall execute and deliver any filings, certificates, affidavits or other instruments required under the Sarbanes-Oxley Act of 2002, to the extent permitted by applicable law.
In furtherance of the foregoing, the Administrative Agent shall take (or, in the case of the immediately preceding sentence, cause to be taken) all appropriate action that the Issuing Entity or the Owner Trustee is required to take pursuant to the
Indenture, including, without limitation, such of the foregoing as are required with respect to the following matters under the Indenture (references are to Sections of the Indenture): 

(i) the preparation of or obtaining of the documents and instruments required for execution and authentication of the Notes and delivery
of the same to the Indenture Trustee (Section 2.02); 
 (ii) the duty to cause the Note Register to be kept and to give
the Indenture Trustee notice of any appointment of a new Note Registrar and the location, or change in location, of the Note Register (Section 2.04); 
 (iii) preparation of, obtaining of or filing of all instruments, opinions and certificates or other documents required for the release of Collateral (Section 2.08); 

(iv) the maintenance of an office in the Borough of Manhattan, The City of New York, for registration of transfer or exchange of Notes
(Section 3.02); 

  

			
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	  	(NALT 2012-B Trust Administration Agreement)

 (v) the duty to cause newly appointed Paying Agents, if any, to deliver to the Indenture
Trustee the instrument specified in the Indenture regarding funds held in trust (Section 3.03); 
 (vi) the direction to
the Indenture Trustee to deposit monies with Paying Agents, if any, other than the Indenture Trustee (Section 3.03); 

(vii) the obtaining and preservation of the Issuing Entity’s qualifications to do business (Section 3.04); 

(viii) the preparation of all supplements and amendments to the Indenture and all financing statements, continuation statements,
instruments of further assurance and other instruments and the taking of such other action as are necessary or advisable to protect the Owner Trust Estate (Section 3.05); 

(ix) the delivery of the Opinion of Counsel on the Closing Date and the annual delivery of Opinions of Counsel, as to the Owner Trust
Estate, and the annual delivery of the Officer’s Certificate and certain other statements as to compliance with the Indenture (Sections 3.06 and 3.09); 
 (x) the identification to the Indenture Trustee in an Officer’s Certificate of any Person with whom the Issuing Entity has contracted to perform its duties under the Indenture (Section
3.07(b)); 
 (xi) the notification of the Indenture Trustee and each Rating Agency of a Servicer Default under the Servicing
Agreement and, if such Servicer Default arises from the failure of the Servicer to perform any of its duties or obligations under the Servicing Agreement with respect to the 2012-B SUBI Assets, the taking of all reasonable steps available to remedy
such failure (Section 3.07(d)); 
 (xii) the delivery of written notice to the Indenture Trustee and each Rating
Agency of each Indenture Default (Section 3.11); 
 (xiii) the delivery of prior written notice to each Rating Agency
of the Issuing Entity ‘s consolidation or merger with or into any other Person (Section 3.15(a)); 
 (xiv) the
delivery of prior written notice to each Rating Agency of the Issuing Entity ‘s conveyance or transfer of any of its properties or assets to any Person (Section 3.15(b)); 

(xv) the preparation and obtaining of documents and instruments required for the release of the Issuing Entity from its obligations under
the Indenture (Section 4.01); 
 (xvi) the monitoring of the Issuing Entity’s obligations as to the satisfaction and
discharge of the Indenture and the preparation of an Officer’s Certificate and the obtaining of the Opinion of Counsel and the Independent Certificate relating thereto (Section 4.01); 

  

			
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	  	(NALT 2012-B Trust Administration Agreement)

 (xvii) the preparation and delivery of notice to the Rating Agencies of the removal of the
Indenture Trustee and the appointment of a successor Indenture Trustee (Section 6.08); 
 (xviii) the preparation of any
written instruments required to confirm more fully the authority of any co-trustee or separate trustee and any written instruments necessary in connection with the resignation or removal of the Indenture Trustee or any co-trustee or separate trustee
(Sections 6.08 and 6.10); 
 (xix) the furnishing of the Indenture Trustee with the names and addresses of
Noteholders during any period when the Indenture Trustee is not the Note Registrar (Section 7.01); 
 (xx) the furnishing
of certain reports with the Indenture Trustee (Section 7.03); 
 (xxi) the taking of all other actions necessary with
respect to the investment of funds in the Note Distribution Account (Sections 8.02 and 8.05); 
 (xxii) [Reserved];

 (xxiii) the preparation of Issuing Entity Requests and the obtaining of Opinions of Counsel with respect to the execution of
supplemental indentures, and the mailing of notices to the Noteholders with respect thereto (Sections 9.01 and 9.02); 
 (xxiv) the execution of new Notes conforming to any supplemental indenture (Section 9.05); 
 (xxv) the duty to notify each Rating Agency of redemption of the Notes (Section 10.02); 
 (xxvi) the preparation and delivery of all Officer’s Certificates, Opinions of Counsel and Independent Certificates with respect to any requests by the Issuing Entity to the Indenture Trustee to take
any action under the Indenture (Section 11.01(a), (b)); 
 (xxvii) the preparation and delivery of Officer’s
Certificates and the obtaining of Independent Certificates, if necessary, for the release of property from the Lien of the Indenture (Section 11.01(b)); 
 (xxviii) [Reserved]; and 
 (xxix) the preparation of Definitive Notes in accordance
with the instructions of the Clearing Agency (Section 2.11). 
 (b) The Administrative Agent shall (a) pay the
Indenture Trustee from time to time the reasonable compensation provided for in the Indenture with respect to services rendered by the Indenture Trustee, (b) pay the Owner Trustee, the Certificate Registrar and the Paying Agent from time to
time reasonable compensation provided for in the Trust Agreement for all services rendered by the Owner Trustee, the Certificate Registrar and the Paying Agent (which 

  

			
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	  	(NALT 2012-B Trust Administration Agreement)

 
compensation shall not be limited by any provision of law in regard to the compensation for a trustee of an express trust); (c) provide the indemnification specified in
Section 8.01 of the Trust Agreement, and Section 6.07 of the Indenture, and (d) cause the Servicer to provide the indemnification specified in Section 8.02(e) of the Servicing Agreement. 

(c) In addition to the duties set forth above in Sections 1.02(a) and (b), the Administrative Agent shall perform such
calculations and shall prepare or shall cause the preparation by other appropriate Persons of, and shall execute on behalf of the Issuing Entity or the Owner Trustee, all such documents, notices, reports, filings, instruments, certificates and
opinions that the Issuing Entity or the Owner Trustee is required to prepare, file or deliver pursuant to the Related Documents, and at the request of the Owner Trustee shall take all appropriate action that the Issuing Entity or the Owner Trustee
is required to take pursuant to the Related Documents. Subject to Section 1.06 of this Agreement, and in accordance with the directions of the Owner Trustee, the Administrative Agent shall administer, perform or supervise the performance
of such other activities in connection with the Collateral (including the Related Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Owner Trustee and are reasonably within the capability of the
Administrative Agent. 
 (d) Notwithstanding anything in this Agreement or the Related Documents to the contrary, the
Administrative Agent shall be responsible for promptly notifying the Owner Trustee if any withholding tax is imposed on the Issuing Entity’s payments (or allocations of income) to a Trust Certificateholder as contemplated in
Section 5.02(d) of the Trust Agreement. Any such notice shall specify the amount of any withholding tax required to be withheld by the Owner Trustee pursuant to such provision. 

(e) Notwithstanding anything in this Agreement or the Related Documents to the contrary, the Administrative Agent shall be responsible
for performance of the duties of the Owner Trustee set forth in Sections 5.03 and 9.01(c) of the Trust Agreement with respect to notifying the Trust Certificateholders of the Payment Date on which their Trust Certificates will be
repaid and Section 5.04(a) of the Trust Agreement with respect to accounting and reports to Trust Certificateholders; provided, however, that the Owner Trustee shall retain responsibility for the distribution of the
documentation necessary to enable each Trust Certificateholder to prepare its federal and state income tax returns. 
 (f) The
Administrative Agent shall satisfy its obligations with respect to clauses (d) and (e) above by retaining, at the expense of the Administrative Agent, Accountants acceptable to the Owner Trustee, which shall perform the obligations of the
Administrative Agent thereunder. 
 (g) The Administrative Agent shall perform any duties expressly required to be performed by
the Administrative Agent under the Trust Agreement. The Administrative Agent shall perform all duties and obligations applicable to or required of the Issuing Entity set forth in Schedule A to the 2012-B Servicing Supplement in accordance with the
terms and conditions thereof. 
 (h) [Reserved]. 

  

			
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	  	(NALT 2012-B Trust Administration Agreement)

 (i) In carrying out the foregoing duties or any of its other obligations under this
Agreement, the Administrative Agent may enter into transactions or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any directions received
from the Issuing Entity and shall be, in the Administrative Agent’s opinion, no less favorable to the Issuing Entity than would be available from unaffiliated parties. 
 (j) With respect to matters that in the reasonable judgment of the Administrative Agent are non-ministerial, the Administrative Agent shall not take any action unless within a reasonable time before the
taking of such action the Administrative Agent shall have notified the Owner Trustee of the proposed action and the Owner Trustee shall not have withheld consent or provided an alternative direction. For the purpose of the preceding sentence,
“non-ministerial matters” shall include: 
 (i) amendment of or any supplement to the Indenture; 

(ii) the initiation of any claim or lawsuit by the Issuing Entity and the compromise of any action, claim or lawsuit brought by or against
the Issuing Entity (other than in connection with the collection of the Leases); 
 (iii) the amendment, change or modification
of the Related Documents; 
 (iv) the appointment of successor Note Registrars, successor Paying Agents and successor Indenture
Trustees pursuant to the Indenture or the appointment of successor Administrative Agents or successor Servicers, or the consent to the assignment by the Note Registrar, any Paying Agent or Indenture Trustee of its obligations under the Indenture;
and 
 (v) the removal of the Indenture Trustee. 
 Notwithstanding anything to the contrary in this Agreement, the Administrative Agent shall not be obligated to, and shall not, (i) make any payments to the Noteholders under the Related Documents,
(ii) sell the Owner Trust Estate pursuant to Section 5.02 of the Indenture, (iii) take any other action that the Issuing Entity directs the Administrative Agent not to take on its behalf or (iv) take any other action which
may be construed as having the effect of varying the investment of the Trust Certificateholders. 
 (k) The Administrative Agent
will deliver to each Rating Agency notice (which shall be deemed to be delivered if a copy of such notice 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)) of (i) any Servicer Default pursuant to Section 3.07(d) of the Indenture; (ii) any breach of perfection representations pursuant to Section 3.18(c) of the Indenture; (iii) any
declaration that the principal of the Notes has been accelerated pursuant to Section 5.02 of the Indenture; (iv) any Indenture Default of which it has been provided notice pursuant to Section 6.05 of the Indenture;
(v) any merger or consolidation of the Indenture Trustee pursuant to Section 6.09 of the Indenture; (vi) unaudited report it has been provided pursuant to Section 8.04(f) of the Indenture; (vii) any final
payment of Trust Certificates pursuant to Section 9.01(c) of the Trust Agreement; (viii) any resignation of the Owner Trustee of which it has been provided notice pursuant to Section 10.02 of the Trust Agreement;
(ix) any 

  

			
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	  	(NALT 2012-B Trust Administration Agreement)

 
resignation or removal of the Owner Trustee pursuant to Section 10.02 of the Trust Agreement; (x) any merger or consolidation of the Owner Trustee pursuant to
Section 10.04 of the Trust Agreement; (xi) any Servicer Default of which it has been provided notice pursuant to Section 8.12(c) of the 2012-B Servicing Supplement; and (xii) any amendment to the Agreement of
Definitions pursuant to Section 1.04(g) of the Agreement of Definitions. 
 Section 1.03 Records. The
Administrative Agent shall maintain appropriate books of account and records relating to services performed hereunder, which books of account and records shall be accessible for inspection by the Issuing Entity and the Depositor at any time during
normal business hours upon reasonable prior written notice. 
 Section 1.04 Compensation. As compensation for the
performance of the Administrative Agent’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrative Agent shall be entitled to a monthly payment of compensation in an amount to be agreed to
between the Administrative Agent and the Servicer, which shall be solely an obligation of the Servicer and which shall not be paid from the proceeds of the Leases, Leased Vehicles or other Titling Trust Assets. 

Section 1.05 Additional Information to be Furnished to the Issuing Entity. The Administrative Agent shall furnish to the
Issuing Entity from time to time such additional information regarding the Collateral as the Issuing Entity shall reasonably request. 
 Section 1.06 Independence of the Administrative Agent. For all purposes of this Agreement, the Administrative Agent shall be an independent contractor and shall not be subject to the
supervision of the Issuing Entity or the Owner Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly authorized by the Issuing Entity, the Administrative Agent shall have no
authority to act for or represent the Issuing Entity or the Owner Trustee in any way and shall not otherwise be deemed an agent of the Issuing Entity or the Owner Trustee. 
 Section 1.07 No Joint Venture. Nothing contained in this Agreement (i) shall constitute the Administrative Agent and either of the Issuing Entity or the Owner Trustee as members of any
partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express,
implied or apparent authority to incur any obligation or liability on behalf of the others. 
 Section 1.08 Other
Activities of Administrative Agent. Nothing herein shall prevent the Administrative Agent or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an Administrative Agent for any other
Person or entity, even though such person or entity may engage in business activities similar to those of the Issuing Entity, the Owner Trustee or the Indenture Trustee. 
 Section 1.09 Term of Agreement; Resignation and Removal of Administrative Agent. This Agreement shall continue in force until the dissolution of the Issuing Entity, upon which event this
Agreement shall automatically terminate. 

  

			
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	  	(NALT 2012-B Trust Administration Agreement)

 (a) Subject to Sections 1.09(d) and 1.09(e) of this Agreement, the
Administrative Agent may resign its duties hereunder by providing the Issuing Entity with at least 60 days’ prior written notice. 
 (b) Subject to Sections 1.09(d) and 1.09(e) of this Agreement, the Issuing Entity may remove the Administrative Agent without cause by providing the Administrative Agent with at least 60
days’ prior written notice. 
 (c) Subject to Sections 1.09(d) and 1.09(e) of this Agreement, at the sole
option of the Issuing Entity, the Administrative Agent may be removed immediately upon written notice of termination from the Issuing Entity to the Administrative Agent if any of the following events shall occur: 

(i) the Administrative Agent shall default in the performance of any of its duties under this Agreement and, after notice of such default,
shall not cure such default within ten days (or, if such default cannot be cured in such time, shall not give within ten days such assurance of cure as shall be reasonably satisfactory to the Issuing Entity); 

(ii) the existence of any proceeding or action, or the entry of a decree or order for relief by a court or regulatory authority having
jurisdiction over the Administrative Agent in an involuntary case under the federal bankruptcy laws, as now or hereafter in effect, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the
Administrative Agent or of any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Administrative Agent and the continuance of any such action, proceeding, decree or order unstayed and, in the case of
any such order or decree, in effect for a period of 90 consecutive days; or 
 (iii) the commencement by the Administrative Agent
of a voluntary case under the federal bankruptcy laws, as now or hereafter in effect, or the consent by the Administrative Agent to the appointment of or taking of possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator or
other similar official of the Administrative Agent or of any substantial part of its property or the making by the Administrative Agent of an assignment for the benefit of creditors or the failure by the Administrative Agent generally to pay its
debts as such debts become due or the taking of corporate action by the Administrative Agent in furtherance of any of the foregoing. 
 The Administrative Agent agrees that if any of the events specified in clauses (ii) or (iii) above shall occur, it shall give written notice thereof to the Issuing Entity and the Indenture
Trustee within seven days after the occurrence of such event. 
 (d) No resignation or removal of the Administrative Agent
pursuant to this Section shall be effective until (i) a successor Administrative Agent shall have been appointed by the Issuing Entity and (ii) such successor Administrative Agent shall have agreed in writing to be bound by the terms of
this Agreement in the same manner as the Administrative Agent is bound hereunder. 
 (e) The appointment of any successor
Administrative Agent shall be effective only after satisfaction of the Rating Agency Condition with respect to the proposed appointment. 

  

			
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	  	(NALT 2012-B Trust Administration Agreement)

 (f) Subject to Sections 1.09(d) and 1.09(e), the Administrative Agent
acknowledges that upon the appointment of a successor Servicer pursuant to the Servicing Agreement, the Administrative Agent shall immediately resign and such successor Servicer shall automatically become the Administrative Agent under this
Agreement. 
 Section 1.10 Action Upon Termination, Resignation or Removal. Promptly upon the effective date of
termination of this Agreement pursuant to the first sentence of Section 1.09 or the resignation or removal of the Administrative Agent pursuant to Section 1.09(a), (b) or (c), respectively, the
Administrative Agent shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such termination, resignation or removal. The Administrative Agent shall forthwith upon such termination pursuant to the first
sentence of Section 1.09 deliver to the Issuing Entity all property and documents representing or relating to the Collateral then in the custody of the Administrative Agent. In the event of the resignation or removal of the
Administrative Agent pursuant to Section 1.09(a), (b) or (c), respectively, the Administrative Agent shall cooperate with the Issuing Entity and take all reasonable steps requested to assist the Issuing Entity in
making an orderly transfer of the duties of the Administrative Agent. 
 Section 1.11 Notices. All demands, notices
and communications hereunder shall be in writing and shall be delivered, sent electronically by telecopier or email (if an email address is provided), or mailed by registered or certified first-class United States mail, postage prepaid, hand
delivery, prepaid courier service, and addressed in each case as follows: (i) if to the Issuing Entity or the Administrative Agent, at One Nissan Way, Franklin, Tennessee 37067 (telecopier no. (615) 725-8530) (email:
doug.gwin@nissan-usa.com), Attention: Treasurer; (ii) if to the Owner Trustee, at Wilmington Trust, National Association, Rodney Square North, 1100 N. Market Street, Wilmington, Delaware 19890 (telecopier no. (302) 636-4140),
Attention: Corporate Trust Administration; (iii) if to the Indenture Trustee, at U.S. Bank National Association, 190 South LaSalle Street, 7th Floor, Chicago, IL 60603 (telecopier no. (312) 332-7996) (email:
patricia.child@usbank.com), Attention: Nissan Auto Lease Trust 2012-B; (iv) if to Moody’s, to Moody’s Investors Service, 7 World Trade Center, 250 Greenwich Street, New York, New York 10007 (telecopier no. (212) 553-7820),
Attention: ABS Monitoring Group; (v) if to Fitch, to Fitch Ratings, Ltd., One State Street Plaza, New York, New York 10004 (email: abs.surveillance@fitchratings.com) Attention: ABS Surveillance; or (vi) if to the Depositor, at One Nissan
Way, Franklin 37067 (telecopier no. (615) 725-8530) (email: doug.gwin@nissan-usa.com), Attention: Treasurer; or at such other address as shall be designated by any of the foregoing in a written notice to the other parties hereto. Delivery shall
occur only when delivered by hand or, in the case of mail, email or facsimile notice, upon actual receipt or reported tender of such communication by an officer of the intended recipient entitled to receive such notices located at the address of
such recipient for notices hereunder; provided, however, any demand, notice or communication to be delivered pursuant to this Trust Administration 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). 

  

			
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 Section 1.12 Amendments. This Agreement may be amended from time to time by a
written amendment duly executed and delivered by the parties hereto, with the written consent of the Owner Trustee but without the consent of the Securityholders, for the purpose of adding any provisions to or changing in any manner or eliminating
any of the provisions of this Agreement or of modifying in any manner the rights of the Securityholders; provided, that such amendment will not materially and adversely affect any Noteholder. 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 Administrative Agent or the Depositor delivers an Officer’s Certificate to the Indenture Trustee stating that
such amendment shall not materially and adversely affect the Noteholders. This Agreement may also be amended by the parties hereto with the written consent of the Owner Trustee and (a) the holders of Notes evidencing at least a majority of the
Outstanding Amount, or (b) in the case of any amendment that does not materially and adversely affect the Noteholders, the holders of Trust Certificates evidencing at least a majority of the Certificate Balance, for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of Securityholders that are not covered by the immediately precedent sentence; provided however, that no such
amendment may (i) increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections of payments on the 2012-B Leases or distributions that are required to be made for the benefit of the Securityholders, or
(ii) reduce the aforesaid percentage of the holders of Notes and Trust Certificates which are required to consent to any such amendment, without the consent of the holders of all outstanding Notes and Trust Certificates. Notwithstanding the
foregoing, the Administrative Agent may not amend this Agreement without the permission of the Depositor, which permission shall not be unreasonably withheld. 
 Section 1.13 Successors and Assigns. This Agreement may not be assigned by the Administrative Agent unless such assignment is previously consented to in writing by the Issuing Entity and the
Owner Trustee and subject to the satisfaction of the Rating Agency Condition in respect thereof. An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the same manner as the
Administrative Agent is bound hereunder. Notwithstanding the foregoing, this Agreement may be assigned by the Administrative Agent without the consent of the Issuing Entity or the Owner Trustee to a corporation or other organization that is a
successor (by merger, consolidation or purchase of assets) to the Administrative Agent; provided, that such successor organization executes and delivers to the Issuing Entity, the Owner Trustee and the Indenture Trustee an agreement, in form and
substance reasonably satisfactory to the Owner Trustee and the Indenture Trustee, in which such corporation or other organization agrees to be bound hereunder by the terms of said assignment in the same manner as the Administrative Agent is bound
hereunder. Subject to the foregoing, this Agreement shall bind any successors or assigns of the parties hereto. 

Section 1.14 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of
New York, without reference to its conflict of law provisions (other than Section 5-1401 of the General Obligations Law of the State of New York). 
 Section 1.15 Headings. The headings of the various Sections herein are for convenience of reference only and shall not define or limit any of the terms or provisions hereof. 

  

			
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 Section 1.16 Counterparts. This Agreement may be executed by the parties hereto
in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. 

Section 1.17 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 Section 1.18 Limitation of Liability of Owner Trustee and
Indenture Trustee. 
 (a) Notwithstanding anything contained herein to the contrary, this instrument has been countersigned
by Wilmington Trust, National Association in its capacity as Owner Trustee of the Issuing Entity and in no event shall Wilmington Trust, National Association in its individual capacity or any beneficial owner of the Issuing Entity have any liability
for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Agreement, in the
performance of any duties or obligations of the Issuing Entity hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Eight of the Trust Agreement. 

(b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed by U.S. Bank as Indenture Trustee and in
no event shall U.S. Bank have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuing Entity hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of
which recourse shall be had solely to the assets of the Issuing Entity. 
 Section 1.19 Third-Party Beneficiary. The
Owner Trustee is a third-party beneficiary to this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto. 

Section 1.20 No Petition. Each of the parties hereto covenants and agrees that prior to the date that 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 Grantor, the Depositor, the Titling Trustee, the Titling Trust, the
Issuing Entity , any other Special Purpose Affiliate or any Beneficiary, any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceeding or other Proceeding under any federal or state bankruptcy or similar law. 

[Signature Page to Follow] 

  

			
	 11
	  	(NALT 2012-B Trust Administration Agreement)

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered as of the day and year first above written. 
  

			
	NISSAN AUTO LEASE TRUST 2012-B,
	as Issuing Entity
		
	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION,
		 	not in its individual capacity, but solely as Owner Trustee
		
	By:	 	 /s/ Dorri Costello

	Name:	 	 Dorri Costello

	Title:	 	 Assistant Vice President

	
	 NISSAN AUTO LEASING LLC II,
 as Depositor

		
	By:	 	 /s/ Shishir Bhushan

	Name:	 	 Shishir Bhushan

	Title:	 	 Treasurer

	
	 U.S. BANK NATIONAL ASSOCIATION
 as Indenture Trustee

		
	By:	 	 /s/ Patricia M. Child

	Name:	 	 Patricia M. Child

	Title:	 	 Vice President

	
	 NISSAN MOTOR ACCEPTANCE CORPORATION,
 as Administrative Agent

		
	By:	 	 /s/ Mark Kaczynski

	Name:	 	 Mark Kaczynski

	Title:	 	 President

  

			
	 S-1
	  	(NALT 2012-B Trust Administration Agreement)EX-10.6

 Exhibit 10.6 
 EXECUTION VERSION 
  

 
 NISSAN AUTO LEASE TRUST 2012-B,

 U.S. BANK NATIONAL ASSOCIATION, 
 as Indenture Trustee and 
 as Secured Party, 

and 
 U.S. BANK
NATIONAL ASSOCIATION, 
 as Securities Intermediary 

 
  

CONTROL AGREEMENT 

Dated as of October 24, 2012 
  

 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE ONE DEFINITIONS
	  	 	1	  
		
	 1.01 General Definitions
	  	 	1	  
		
	 1.02 Incorporation of UCC by Reference
	  	 	2	  
		
	 1.03 Interpretive Provisions
	  	 	2	  
		
	 ARTICLE TWO ESTABLISHMENT OF CONTROL OVER SECURITIES ACCOUNTS
	  	 	2	  
		
	 2.01 Establishment of Reserve Account
	  	 	2	  
		
	 2.02 “Financial Assets” Election
	  	 	3	  
		
	 2.03 Entitlement Orders
	  	 	3	  
		
	 2.04 Subordination of Lien; Waiver of Set-Off
	  	 	3	  
		
	 2.05 Notice of Adverse Claims
	  	 	3	  
		
	
ARTICLE THREE REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SECURITIES INTERMEDIARY
	  	 	3	  
		
	 3.01 Representations, Warranties and Covenants of the Securities Intermediary
	  	 	3	  
		
	 ARTICLE FOUR MISCELLANEOUS
	  	 	4	  
		
	 4.01 Choice of Law
	  	 	4	  
		
	 4.02 Conflict with Other Agreements
	  	 	4	  
		
	 4.03 Amendments
	  	 	4	  
		
	 4.04 Successors
	  	 	4	  
		
	 4.05 Notices
	  	 	4	  
		
	 4.06 Termination
	  	 	5	  
		
	 4.07 Counterparts
	  	 	5	  
		
	 4.08 No Petition
	  	 	5	  
		
	 4.09 Limitation of Liability of Owner Trustee
	  	 	5	  

  
 -i-

 CONTROL AGREEMENT 
 This Control Agreement, dated as of October 24, 2012 (this “Agreement”) is among Nissan Auto Lease Trust 2012-B, a statutory trust formed pursuant to the laws of the State of
Delaware (the “Issuing Entity”), U.S. Bank National Association, a national banking association (“U.S. Bank”), in its capacity as securities intermediary (the “Securities Intermediary”), and in its
capacity as indenture trustee (the “Indenture Trustee”) on behalf of the holders of the Notes (the “Secured Party”) under the Indenture, dated as of October 24, 2012 (the “Indenture”), by and
between the Issuing Entity and the Indenture Trustee. 
 RECITALS 

WHEREAS, pursuant to the Indenture, the Issuing Entity has granted to the Secured Party a security interest in investment property
consisting of the Reserve Account, related Security Entitlements and the financial assets and other investment property from time to time included therein to secure payment of the Notes; 

WHEREAS, pursuant to the Indenture, on the date on which the lien of the Indenture is released, rights with respect to the Reserve
Account shall be transferred back to the Issuing Entity; and 
 WHEREAS, the parties hereto desire that the security interest of
the Secured Party be a first priority security interest perfected by “control” pursuant to Articles Eight and Nine of the UCC. 
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE ONE 
 DEFINITIONS 
 1.01 General Definitions. Capitalized terms used
herein that are not otherwise defined shall have the respective meanings ascribed thereto in the Agreement of Definitions, dated as of October 24, 2012, by and among the Issuing Entity, as issuer, NILT Trust, a Delaware statutory trust, as
grantor and initial beneficiary (in such capacity, the “Grantor” and the “UTI Beneficiary,” respectively), Nissan-Infiniti LT, a Delaware statutory trust (the “Titling Trust”), Nissan Motor
Acceptance Corporation, a California corporation (“NMAC”), in its individual capacity, as servicer and as administrative agent (in such capacity, the “Servicer” and the “Administrative Agent,”
respectively), Nissan Auto Leasing LLC II, a Delaware limited liability company (“NALL II”), NILT, Inc., a Delaware corporation, as trustee to the Titling Trust (the “Titling Trustee”), Wilmington Trust, National
Association, a national banking association with trust powers, as owner trustee (the “Owner Trustee”), Wilmington Trust Company, a Delaware corporation with trust powers, as Delaware trustee (the “Delaware
Trustee”), U.S. Bank, as trust agent (in such capacity, the “Trust Agent”) and the Indenture Trustee. 

  

			
	 1
	  	(NALT 2012-B Control Agreement)

 1.02 Incorporation of UCC by Reference. Except as otherwise specified herein or as
the context may otherwise require, all terms used in this Agreement not otherwise defined herein which are defined in the UCC shall have the meanings assigned to them in the UCC. 

1.03 Interpretive Provisions. For all purposes of this Agreement, except as otherwise expressly provided or unless the context
otherwise requires, (i) terms used herein include, as appropriate, all genders and the plural as well as the singular, (ii) references to words such as “herein,” “hereof” and the like shall refer to this Agreement as a
whole and not to any particular part, Article or Section within this Agreement, (iii) references to an Article or Section such as “Article One” or “Section 1.01” shall refer to the applicable Article or Section of
this Agreement, (iv) the term “include” and all variations thereof shall mean “include without limitation,” (v) the term “or” shall include “and/or,” (vi) the term “proceeds” shall
have the meaning ascribed to such term in the UCC, (vii) references to Persons include their permitted successors and assigns, (viii) references to agreements and other contractual instruments include all subsequent amendments, amendments
and restatements and supplements thereto or changes therein entered into in accordance with their respective terms and not prohibited by this Agreement, except that references to the SUBI Trust Agreement include only such items as related to the
2012-B SUBI and the Titling Trust, (ix) references to laws include their amendments and supplements, the rules and regulations thereunder and any successors thereto, (x) references to this Agreement include all Exhibits hereto,
(xi) the phrase “Titling Trustee on behalf of the Trust,” or words of similar import, shall, to the extent required to effectuate the appointment of any Co-Trustee pursuant to the Titling Trust Agreement, be deemed to refer to the
Trustee (or such Co-Trustee) on behalf of the Titling Trust, and (xii) in the computation of a period of time from a specified date to a later specified date, the word “from” shall mean “from and including” and the words
“to” and “until” shall mean “to but excluding.” 
 ARTICLE TWO 

ESTABLISHMENT OF CONTROL OVER SECURITIES ACCOUNTS 
 2.01 Establishment of Reserve Account. The Securities Intermediary hereby confirms that (i) the Servicer, on behalf of the Issuing Entity, has established the Reserve Account with the
Securities Intermediary, (ii) the Reserve Account is an account to which financial assets are or may be credited, (iii) the Securities Intermediary shall, subject to the terms of this Agreement and the Indenture, treat the Secured Party as
entitled to exercise the rights with respect to any financial asset credited to the Reserve Account, (iv) all property delivered to the Securities Intermediary by or on behalf of the Secured Party for deposit to the Reserve Account will
promptly be credited to the Reserve Account and (v) all securities or other property underlying any financial assets credited to the Reserve Account shall be registered in the name of the Securities Intermediary, endorsed to the Securities
Intermediary or in blank or credited to another securities account maintained in the name of the Securities Intermediary and in no case will any financial asset credited to the Reserve Account be registered in the name of the Issuing Entity, payable
to the order of the Issuing Entity or specially endorsed to the Issuing Entity except to the extent the foregoing have been specially endorsed to the Securities Intermediary or in blank. 

  

			
	 2
	  	(NALT 2012-B Control Agreement)

 2.02 “Financial Assets” Election. The Securities Intermediary hereby agrees
that each item of property (whether investment property, financial asset, security, instrument or cash) credited to the Reserve Account shall be treated as a “Financial Asset.” 

2.03 Entitlement Orders. If at any time the Securities Intermediary shall receive any Entitlement Order from the Secured Party
with respect to the Reserve Account, the Securities Intermediary shall comply with such Entitlement Order without further consent by the Issuing Entity, the Secured Party or any other Person. If at any time the Secured Party notifies the Securities
Intermediary in writing that the Lien of the Indenture has been released, the Securities Intermediary shall thereafter comply with Entitlement Orders with respect to the Reserve Account from the Issuing Entity without further consent by the Secured
Party or any other Person. 
 2.04 Subordination of Lien; Waiver of Set-Off. If the Securities Intermediary has or
subsequently obtains by agreement, operation of law or otherwise a security interest in the Reserve Account or any Security Entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to
the security interests of the Secured Party. The financial assets and other items deposited to the Reserve Account will not be subject to deduction, set-off, banker’s lien or any other right in favor of any Person or entity other than the
Secured Party (except that the Securities Intermediary may set off against amounts on deposit in the Reserve Account (i) all amounts due to it in respect of its customary fees and expenses for the routine maintenance and operation of the
Reserve Account and (ii) the face amount of any checks that have been credited to the Reserve Account but are subsequently returned unpaid because of uncollected or insufficient funds). 

2.05 Notice of Adverse Claims. Except for the claims and interests of the Secured Party and the Issuing Entity in the Reserve
Account, the Securities Intermediary does not know of any claim to, or interest in, the Reserve Account or in any financial asset credited thereto. If any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment,
judgment, warrant of attachment, execution or similar process) against the Reserve Account or in any financial asset credited thereto, the Securities Intermediary will promptly notify the Secured Party and the Issuing Entity thereof. 

ARTICLE THREE 
 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SECURITIES INTERMEDIARY 

3.01 Representations, Warranties and Covenants of the Securities Intermediary. The Securities Intermediary hereby represents and
warrants to each of the Secured Party and the Issuing Entity, and covenants that: 
 (a) The Reserve Account has been
established as set forth in Section 2.01 and the Reserve Account will be maintained in the manner set forth herein until termination of this Agreement. The Securities Intermediary shall not change the name or account number of the
Reserve Account without the prior written consent of the Secured Party. 

  

			
	 3
	  	(NALT 2012-B Control Agreement)

 (b) No financial asset carried in the Reserve Account is or will be registered in the name
of the Issuing Entity, payable to the order of the Issuing Entity, or specially endorsed to the Issuing Entity, except to the extent such financial asset has been endorsed to the Securities Intermediary or in blank. 

(c) This Agreement is the valid and legally binding obligation of the Securities Intermediary, enforceable against the Securities
Intermediary in accordance with its terms. 
 (d) The Securities Intermediary has not entered into, and until the termination of
this Agreement will not enter into, any agreement pursuant to which it agrees to comply with Entitlement Orders of any Person other than the Secured Party to the extent provided in Section 2.03, with respect to the Reserve Account.

 (e) The Securities Intermediary has not entered into any other agreement with the Issuing Entity or the Secured Party
purporting to limit or condition the obligation of the Securities Intermediary to comply with Entitlement Orders as set forth in Section 2.03. 
 ARTICLE FOUR 
 MISCELLANEOUS 

4.01 Choice of Law. This Agreement and the Reserve Account shall be governed by the laws of the State of New York,
without reference to its conflict of law provisions (other than Section 5-1401 of the General Obligations Law of the State of New York). Regardless of any provision in any other agreement, for purposes of the UCC, New York shall be deemed to be
the Securities Intermediary’s jurisdiction and the Reserve Account (as well as the Security Entitlements related thereto) shall be governed by the laws of the State of New York. 

4.02 Conflict with Other Agreements. There are no other agreements entered into between the Securities Intermediary in such
capacity and the Issuing Entity with respect to the Reserve Account. In the event of any conflict between this Agreement (or any portion thereof) and any other agreement now existing or hereafter entered into, the terms of this Agreement shall
prevail. 
 4.03 Amendments. No amendment or modification of this Agreement or waiver of any right hereunder shall be
binding on any party hereto unless it is in writing and is signed by all of the parties hereto. 
 4.04 Successors. The
terms of this Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective corporate successors. 
 4.05 Notices. All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally 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, in the case of (i) the Issuing 

  

			
	 4
	  	(NALT 2012-B Control Agreement)

 
Entity c/o Wilmington Trust, National Association, at Rodney Square North, 1100 N. Market Street, Wilmington, Delaware 19890 (telecopier no. (302) 636-4140), Attention: Corporate Trust
Administration, with a copy to Nissan Motor Acceptance Corporation, as Administrative Agent, at One Nissan Way, Franklin, Tennessee 37067 (telecopier no. (615) 725-8530) (email: doug.gwin@nissan-usa.com), Attention: Treasurer,
(ii) the Secured Party, at U.S. Bank National Association, 190 South LaSalle Street, 7th Floor, Chicago, IL 60603 (telecopier no. (312) 332-7996) (email: patricia.child@usbank.com), Attention: Nissan Auto Lease Trust 2012-B, and
(iii) the Securities Intermediary, at U.S. Bank National Association, 190 South LaSalle, 7th Floor, Chicago IL 60603 (telecopier no. (312) 332-7996) (email: patricia.child@usbank.com), Attention: Nissan Auto Lease Trust 2012-B, or
as to any of such parties, at such other address as shall be designated by such party in a written notice to the other parties. 

4.06 Termination. The rights and powers granted herein to the Secured Party have been granted in order to perfect its security
interest in the Reserve Account, are powers coupled with an interest and will neither be affected by the bankruptcy of the Issuing Entity nor by the lapse of time. The obligations of the Securities Intermediary hereunder shall continue in effect
with respect to the Reserve Account until the Secured Party shall have notified the Securities Intermediary in writing that its security interests under the Indenture have been terminated. 

4.07 Counterparts. This Agreement may be executed in any number of counterparts, all of which shall constitute one and the same
instrument, and any party hereto may execute this Agreement by signing and delivering one or more counterparts. 
 4.08 No
Petition. Each of the parties hereto covenants and agrees that prior to the date that 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 Grantor, the Depositor, the Titling Trustee, the Titling Trust, the Issuing Entity, any other Special Purpose Affiliate or any Beneficiary, any bankruptcy, reorganization, arrangement, insolvency or
liquidation Proceeding or other Proceeding under any federal or state bankruptcy or similar law. 
 4.09 Limitation of
Liability of Owner Trustee. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association not in its individual capacity but solely in its capacity as Owner Trustee of
the Issuing Entity and in no event shall Wilmington Trust, National Association in its individual capacity or any beneficial owner of the Issuing Entity have any liability for the representations, warranties, covenants, agreements or other
obligations of the Issuing Entity hereunder, as to all of which recourse shall be had solely to the assets of the Issuing Entity. For all purposes of this Control Agreement, in the performance of any duties or obligations of the Issuing Entity
hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles Six, Seven and Ten of the Trust Agreement. 
 [Signature Page to Follow] 

  

			
	 5
	  	(NALT 2012-B Control Agreement)

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective officers as of the day and year first above written. 
  

			
	NISSAN AUTO LEASE TRUST 2012-B
		
	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION,
		 	not in its individual capacity, but solely as Owner Trustee
		
	By:	 	 /s/ Dorri Costello

	Name:	 	 Dorri Costello

	Title:	 	 Assistant Vice President

	
	 U.S. BANK NATIONAL ASSOCIATION,
 as Indenture Trustee and Secured Party

		
	By:	 	 /s/ Patricia M. Child

	Name:	 	 Patricia M. Child

	Title:	 	 Vice President

	
	 U.S. BANK NATIONAL ASSOCIATION,
 as Securities Intermediary

		
	By:	 	 /s/ Patricia M. Child

	Name:	 	 Patricia M. Child 

	Title:	 	 Vice President

  

			
	 S-1
	  	(NALT 2012-B Control Agreement)

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