Document:

EX-10.3

 Exhibit 10.3 

AMENDMENT 
 TO SUBI
SERVICING SUPPLEMENTS 
 This AMENDMENT TO SUBI SERVICING SUPPLEMENTS, dated as of March 27, 2018 (this
“Amendment”), is entered into between and among Nissan-Infiniti LT, a Delaware statutory trust, as titling trust (the “Titling Trust”), NILT Trust, a Delaware statutory trust, as grantor and initial beneficiary of
the Titling Trust (in such capacities, “NILT Trust”), and Nissan Motor Acceptance Corporation, a California corporation, as servicer (the “Servicer” and together with the Titling Trust and NILT Trust, the
“Parties”). 
 RECITALS: 

WHEREAS, the Parties have entered into SUBI Servicing Supplements (collectively the “SUBI Servicing Supplements”) for
each of the transactions listed on Schedule A (collectively, the “Outstanding Transactions”); 
 WHEREAS, the Parties
desire to amend Section 8.03(c)(i)(B) of each of the SUBI Servicing Supplements to modify the requirements of the Monthly Remittance Condition (as such term is defined therein); and 

WHEREAS, the Parties desire to implement such amendments as of the Effective Date (as defined below) in accordance with the terms and
conditions set forth below pursuant to Section 9.03(b) of each of the SUBI Servicing Supplements. 
 NOW, THEREFORE, in
consideration of the mutual agreements herein contained and other good and valuable consideration, receipt of which is acknowledged, the Parties hereto agree as follows: 

ARTICLE I 
 RECITALS AND
DEFINITIONS 
 Section 1.1 Definitions. Capitalized terms used and not defined herein have the respective
meanings assigned such terms in the applicable Agreement of Definitions executed in connection with each of the Outstanding Transactions. 

ARTICLE II 
 AMENDMENTS

 Section 2.1 Amendments to SUBI Servicing Supplements. As of the Effective Date, Section 8.03(c)(i)(B) of each
SUBI Servicing Supplement is hereby amended to replace the reference to “F-1” therein with “F2”. 

Amendment to 
 SUBI
Servicing Supplements 

 ARTICLE III 

EFFECTIVE DATE 

Section 3.1 Effective Date. Upon satisfaction of the following conditions this Amendment shall become effective
immediately (such date, the “Effective Date”) without further action by any Party: 
 (a) receipt by the Servicer of an
executed counterpart of this Amendment from each Party hereto; 
 (b) satisfaction of the Rating Agency Condition with respect to this
Amendment in accordance with Section 9.03(b) of each SUBI Servicing Supplement; 
 (c) receipt by the Titling Trustee of an opinion of
counsel pursuant to Section 9.03(b) of each SUBI Servicing Supplement to the effect that after such amendment, for U.S. federal income tax purposes, the Titling Trust will not be treated as an association (or a publicly traded partnership)
taxable as a corporation and Notes (other than Tax Retained Notes) will properly be characterized as indebtedness that is secured by the assets of the Issuing Entity; 

(d) receipt by the Trust Certificateholder, the Depositor, the Owner Trustee and the Indenture Trustee of written notice from the Servicer of
the substance of this Amendment pursuant to Section 9.03(e) of each SUBI Servicing Supplement; and 
 (e) receipt by a Responsible
Officer of U.S. Bank, NILT, Inc. and the Indenture Trustee of an Officer’s Certificate of the Servicer pursuant to Section 9.03(f) of each SUBI Servicing Supplement certifying that the Rating Agency Condition has been satisfied. 

ARTICLE IV 

MISCELLANEOUS 

Section 4.1 SUBI Servicing Agreements Unaffected. Except as modified herein, the Parties acknowledge that the
provisions of each of the SUBI Servicing Supplements remain in full force and effect and are hereby ratified and confirmed by the Parties hereto. After the Effective Date all references in the Basic Documents to a SUBI Servicing Supplement shall
mean such SUBI Servicing Supplement as modified hereby. 
 Section 4.2 Governing Law. This Amendment shall be
governed by and construed in accordance with the internal laws of the State of California, without regard to any otherwise applicable principles of conflict of laws. 

Section 4.3 Captions. The various captions in this Amendment are included for convenience only and shall not affect
the meaning or interpretation of any provision of this Amendment or any provision hereof. 
 Section 4.4
Severability. Whenever possible, each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid
under the laws of any applicable jurisdiction, such provision, as to jurisdiction, shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this
Amendment as to such jurisdiction or any other jurisdiction. 
 Amendment to 

SUBI Servicing Supplements 

  
 2 

 Section 4.5 Binding Effect. This Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns. 
 Section 4.6
Counterparts. This Amendment may be executed in any number of counterparts and by the parties hereto on separate signature pages, each such executed counterpart constituting an original but all together only one Amendment. 

[Signature Page Follows] 

Amendment to 
 SUBI
Servicing Supplements 

  
 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as
of the date first above written. 
  

			
	 NISSAN-INFINITI LT,
 as
Titling Trust

		
	By:	 	NILT, INC.,
		 	as Titling Trustee

 
			
		
	By:	 	/s/ Jessica J. Elliott
	Name: Jessica J. Elliott
	Title: Vice President

  

			
	 NILT TRUST,
 as Grantor and
UTI Beneficiary

		
	By:	 	U.S. BANK NATIONAL ASSOCIATION,
		 	as Trustee

 
			
		
	By:	 	/s/ Jessica J. Elliott
	Name: Jessica J. Elliott
	Title: Vice President

  

			
	 NISSAN MOTOR ACCEPTANCE

CORPORATION, as Servicer

 
			
		
	By:	 	/s/ Riley A. McAndrews

 
			
	Name: Riley A. McAndrews
	Title:   Assistant Treasurer

 Amendment to 

SUBI Servicing Supplements 

  
 4 

 SCHEDULE A 

Nissan Auto Least Trust Series 2015-B 

Nissan Auto Least Trust Series 2016-A 

Nissan Auto Least Trust Series 2016-B 

Nissan Auto Least Trust Series 2017-A 

Nissan Auto Least Trust Series 2017-B 

Amendment to 
 SUBI
Servicing Supplements 

  
 5EX-10.1

 Exhibit 10.1 

EXECUTION COPY 
 AMENDMENT NO. 2

 TO 
 LOAN AND SERVICING
AGREEMENT 
 This AMENDMENT NO. 2 TO LOAN AND SERVICING AGREEMENT (this “Amendment”) dated as of March 23, 2018 is by
and among Tampa Electric Company, in its capacity as “Servicer” under the Loan Agreement (as defined below); TEC Receivables Corp., in its capacity as “Borrower”, The Bank of Tokyo-Mitsubishi UFJ, Ltd., in its
capacities as “Program Agent”, a “Managing Agent” and a “Committed Lender”, and Royal Bank of Canada, in its capacities as a “Managing Agent” and a “Committed
Lender.” Capitalized terms used herein but not specifically defined herein shall have the meanings given to such terms in the Loan Agreement (as defined below). 

PRELIMINARY STATEMENTS: 

(1)    The Servicer, the Borrower, the Committed Lenders, the Managing Agents, the Program Agent and certain Conduit
Lenders are parties to that certain Loan and Servicing Agreement dated as of March 24, 2015, as amended by Amendment No. 1 to Loan and Servicing Agreement dated as of August 10, 2016 (the “Loan Agreement”). 

(2)    The parties hereto wish to amend the Loan Agreement, in accordance with Section 10.01(b) thereof, upon the
terms and subject to the conditions set forth herein. 
 NOW, THEREFORE, the parties hereto agree as follows: 

SECTION 1.    Amendments to the Loan Agreement. Effective as of the date hereof and subject to the
satisfaction of the conditions precedent set forth in Section 2 hereof, the Loan Agreement is hereby amended as follows: 
  

	 	A.	The definition of “Scheduled Termination Date” in Section 1.01 is hereby amended to replace the date “March 23, 2018” appearing in two places therein with the date
“March 22, 2021” in both places. 

  

	 	B.	Each reference to “The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch” appearing in the Loan Agreement and in each other Facility Document (including any schedules, exhibits, and annexes thereto) is
hereby replaced with “The Bank of Tokyo-Mitsubishi UFJ, Ltd.”. 

  

	 	C.	Section 2.08 is hereby amended to read in its entirety as follows: 

 “SECTION 2.08.
Deemed Collections. If on any day the Originator is deemed to have received a Deemed Collection (as such term is defined in the Purchase Agreement) with respect to any Pool Receivable pursuant to Section 2.02(f) of the Purchase
Agreement, then the Borrower shall be deemed to have received on such day an amount equal to such Deemed Collection; provided, that any such Deemed Collections may be applied as set forth in Section 2.02(f) of the

 
Purchase Agreement. If the Borrower is on any day deemed to have received Deemed Collections pursuant to this Section 2.08 from and after the Termination Date, on such
day the Borrower shall pay an amount of funds equal to such Deemed Collections to the Servicer for allocation and application in accordance with Section 2.07.” 

 

	 	D.	Section 7.01(g)(iv) is hereby amended to replace the percentage “1.00%” appearing therein with the percentage “1.25%”. 

 

	 	E.	Exhibit F is hereby amended to delete the existing Exhibit F and to replace it in its entirety with the “Exhibit F” attached to this Amendment. 

 

	 	F.	Schedule II is hereby amended to delete the existing Schedule II and to replace it in its entirety with the “Schedule II” attached to this Amendment. 

 

	 	G.	Schedule IV is hereby amended to delete the existing Schedule IV and to replace it in its entirety with the “Schedule IV” attached to this Amendment. 

 

	 	H.	Schedule V is hereby amended to delete the existing Schedule V and to replace it in its entirety with the “Schedule V” attached to this Amendment. 

SECTION 2.    Conditions of Effectiveness. This Amendment shall become effective as of the date hereof upon
the receipt (i) by the Program Agent of (a) this Amendment duly executed by all of the parties hereto and (b) the Amended and Restated Fee Letter dated the date hereof (the “Fee Letter”) duly executed by all of the parties
thereto, and (ii) by each Managing Agent of the Upfront Fee (as defined in the Fee Letter). 

SECTION 3.    Representations and Warranties. 

A.    Upon the effectiveness of this Amendment, each of the Borrower and the Servicer hereby reaffirms all covenants,
representations and warranties made by it in the Loan Agreement and agrees that all such covenants, representations and warranties shall be deemed to have been re-made as of the effective date of this
Amendment, unless such representations and warranties by their terms refer to an earlier date than the Effective Date, in which case they shall be correct on and as of such earlier date. 

B.    Each of the Borrower and the Servicer hereby represents and warrants as to itself (i) that this Amendment
constitutes the legal, valid and binding obligation of such party enforceable against such party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
the enforcement of creditors’ rights generally and general principles of equity which may limit the availability of equitable remedies and (ii) upon the effectiveness of this Amendment, that no event shall have occurred and be continuing
which constitutes an Event of Termination or an Incipient Event of Termination. 
  

  
 2 

 SECTION 4.    Reference to and Effect on the Loan Agreement. 

A.    On and after the effective date of this Amendment, each reference in the Loan Agreement to “this
Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Loan Agreement and each reference to the Loan Agreement in any certificate delivered in connection therewith, shall mean and be a
reference to the Loan Agreement as amended hereby. 
 B.    Each of the parties hereto hereby agrees that, except as
specifically amended above, the Loan Agreement is hereby ratified and confirmed and shall continue to be in full force and effect and enforceable, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or
other similar laws relating to or limiting creditors’ rights generally and general equitable principles. 

C.    The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or
remedy of any Lender, any Managing Agent or the Program Agent under the Loan Agreement or any of the other Facility Documents, nor constitute a waiver of any provision contained therein. 

SECTION 5.    Execution in Counterparts. This Amendment may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 

SECTION 6.    Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK. 
 [Signature pages follow.] 

 

  
 3 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first
above written. 
  

			
	TAMPA ELECTRIC COMPANY,as Servicer
		
	By:	 	/s/ Kim M. Caruso
	Name:	 	Kim M. Caruso
	Title:	 	Treasurer
		
	By:	 	/s/ Gregory W. Blunden
	Name:	 	Gregory W. Blunden
	Title:	 	Senior Vice President – Finance and Accounting and Chief Financial Officer
	
	TEC RECEIVABLES CORP., AS BORROWER
		
	By:	 	/s/ Kim M. Caruso
	Name:	 	Kim M. Caruso
	Title:	 	Treasurer
		
	By:	 	/s/ Sarah R. MacDonald
	Name:	 	Sarah R. MacDonald
	Title:	 	Director

 Signature Page to Amendment No. 2 

to 
 Loan and Servicing
Agreement 

 
			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as Program Agent, as a Managing Agent and as a Committed Lender
		
	By:	 	/s/ Eric Williams
	Name:	 	Eric Williams
	Title:	 	Managing Director

 Signature Page to Amendment No. 2 

to 
 Loan and Servicing
Agreement 

 
			
	ROYAL BANK OF CANADA, as a Managing Agent and as a Committed Lender
		
	By:	 	/s/ Robert S. Jones
	Name:	 	Robert S. Jones
	Title:	 	Authorized Signatory
		
	By:	 	/s/ Veronica L. Gallagher
	Name:	 	Veronica L. Gallagher
	Title:	 	Authorized Signatory

 Signature Page to Amendment No. 2 

to 
 Loan and Servicing
Agreement 

 EXHIBIT F 

LIST OF DEPOSIT ACCOUNTS; DEPOSIT ACCOUNT BANKS; 

ALTERNATE PAYMENT LOCATIONS; LOCK BOXES; LOCK BOX PROCESSORS 

[intentionally omitted] 

 SCHEDULE II 

NOTICE ADDRESSES 
 BTMU as Program Agent and a
Managing Agent: 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 

1251 Avenue of the Americas, 10th Floor 

New York, New York 10020 
 Attention: Securitization Group 

Telephone No.: (212) 782-6957 

Telecopier No.: (212) 782-6448 

Email:    securitization_reporting@us.mufg.jp 

               ewilliams@us.mufg.jp 

               nmounier@us.mufg.jp 

BTMU as a Committed Lender: 
 THE BANK OF
TOKYO-MITSUBISHI UFJ, LTD. 
 Harborside Financial Center Plaza III 

Jersey City, New Jersey 07311 
 Telecopier No.: 201-369-2149 

Email:    securitization_reporting@us.mufg.jp 

With a copy to: 
 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 

1251 Avenue of the Americas, 10th Floor 

New York, New York 10020 
 Attention: Securitization Group 

Telephone No.: (212) 782-6957 

Telecopier No.: (212) 782-6448 

Email:    securitization_reporting@us.mufg.jp 

               ewilliams@us.mufg.jp 

               nmounier@us.mufg.jp 

VICTORY RECEIVABLES CORPORATION 
 c/o Global Securitization
Services, LLC 
 68 South Service Road, Suite 120 Melville, NY 11747 

Telephone:     (631) 930-7216 

Facsimile:     (212) 302-8767 

Attention:     David V. DeAngelis 

Email:    ddeangelis@gssnyc.com 

 With a copy to: 

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. 
 1251 Avenue of the
Americas, 10th Floor 
 New York, New York 10020 

Attention: Securitization Group 
 Telephone No.: (212) 782-6957 
 Telecopier No.: (212) 782-6448 

Email:    securitization_reporting@us.mufg.jp 

               ewilliams@us.mufg.jp 

               nmounier@us.mufg.jp 

Royal Bank of Canada as a Managing Agent: 
 ROYAL BANK OF
CANADA 
 200 Vesey Street 
 New York, New York 10281-8098 

Attention: Securitization Finance 
 Telephone: (212) 428-6537 
 Email:    conduit.management@rbccm.com 

Royal Bank of Canada as a Committed Lender: 
 ROYAL BANK
OF CANADA 
 Royal Bank Plaza, North Tower 
 200 Bay Street 

2nd Floor 
 Toronto Ontario M5J2W7 

Attn: Securitization Finance 
 Telephone:(416)-842-3842 
 Email:    conduit.management@rbccm.com 

With a copy to: 
 ROYAL BANK OF CANADA 

Two Little Falls Center 
 2751 Centerville Road 

Suite 212 
 Wilmington, DE 19808 

Telephone: (302) 892-5903 

Email:    conduit.management@rbccm.com 

  
 2 

 OLD LINE FUNDING, LLC 

c/o Global Securitization Services, LLC 
 68 South Service Road,
Suite 120 
 Melville, NY 11747 
 Attention:
    Kevin BurnsTelephone: 
 (631) 587-4700 

Email:    : RBCUS@gssnyc.com 
 With a copy
to: 
 ROYAL BANK OF CANADA 
 Two Little Falls Center 

2751 Centerville Road 
 Suite 212 

Wilmington, DE 19808 
 Telephone: (302) 892-5903 
 Email:    conduit.management@rbccm.com 

TEC RECEIVABLES CORP. 
 TECO Plaza 

702 N. Franklin Street, 8th Floor 
 Tampa, FL 33602 

Attention: Kim Caruso, Treasury Department 
 Telephone: (813) 228-1012 
 Facsimile No.: (813) 228-4262 

TAMPA ELECTRIC COMPANY 
 TECO Plaza 

702 N. Franklin Street 
 Tampa, FL 33602 

Attention: Corporate Secretary 
 Telephone: (813) 228-1808 
 Facsimile No.: (813) 228-1328 

  
 3 

 SCHEDULE IV 

CONCENTRATION PERCENTAGES 
  

									
	  	 	Unbilled
Overconcentration
Percentage	 	Customer Deposit
Overconcentration
Percentage	 	Taxes
Overconcentration
Percentage	 	Government
Receivables
Overconcentration
Percentage
	 	 	 	 	 
	
Level 1

Ratings Period
	 	100%	 	100%	 	100%	 	7.5%
	 	 	 	 	 
	
Level 2

Ratings Period
	 	100%	 	50%	 	50%	 	5%
	 	 	 	 	 
	
Level 3

Ratings Period
	 	95%	 	0%	 	0%	 	5%
	 	 	 	 	 
	
Level 4

Ratings Period
	 	90%	 	0%	 	0%	 	0%
	 	 	 	 	 
	
Level 5

Ratings Period
	 	70%	 	0%	 	0%	 	0%

 SCHEDULE V 

LIST OF APPROVED SUB-SERVICERS 

Bill2Pay, LLC 
 Official Payments Corporation (Online Resources,
Inc.) 
 JP Morgan Chase

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