SEC Contract Filing

Filing Date: 2020-09-30

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d26769dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AGREEMENT OF DEFINITIONS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">by and
among </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NISSAN MOTOR ACCEPTANCE CORPORATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NISSAN AUTO LEASING LLC II </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NISSAN AUTO LEASE TRUST <FONT STYLE="white-space:nowrap">2020-B</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NISSAN-INFINITI LT </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NILT TRUST
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NILT, INC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">WILMINGTON
TRUST, NATIONAL ASSOCIATION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">WILMINGTON TRUST COMPANY </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">U.S. BANK NATIONAL ASSOCIATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Dated as of September&nbsp;29, 2020 </P>
</DIV></Center>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AGREEMENT OF DEFINITIONS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement of Definitions (this &#147;<U>Agreement of Definitions</U>&#148;), dated as of September&nbsp;29, 2020 is by and among Nissan
Auto Lease Trust <FONT STYLE="white-space:nowrap">2020-B,</FONT> as issuer (the &#147;<U>Issuing Entity</U>&#148;), NILT Trust, a Delaware statutory trust, as grantor and initial beneficiary (in such capacity, the &#147;<U>Grantor</U>&#148; and the
&#147;<U>UTI Beneficiary</U>,&#148; respectively), and as transferor, Nissan-Infiniti LT, a Delaware statutory trust (the &#147;<U>Titling Trust</U>&#148;), Nissan Motor Acceptance Corporation, a California corporation (&#147;<U>NMAC</U>&#148;), in
its individual capacity, as servicer and as administrative agent (in such capacity, the &#147;<U>Servicer</U>&#148; and the &#147;<U>Administrative Agent</U>,&#148; respectively), Nissan Auto Leasing LLC II, a Delaware limited liability company
(&#147;<U>NALL II</U>&#148;), NILT, Inc., a Delaware corporation, as trustee to the Titling Trust (the &#147;<U>Titling Trustee</U>&#148;), Wilmington Trust, National Association, a national banking association with trust powers, as owner trustee
(the &#147;<U>Owner Trustee</U>&#148;), Wilmington Trust Company, a Delaware corporation with trust powers, as Delaware trustee (the &#147;<U>Delaware Trustee</U>&#148;), U.S. Bank National Association, a national banking association (&#147;<U>U.S.
Bank</U>&#148;), as trust agent (in such capacity, the &#147;<U>Trust Agent</U>&#148;), and U.S. Bank, as indenture trustee (in such capacity, the &#147;<U>Indenture Trustee</U>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A.&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Amended and Restated Trust and Servicing Agreement, dated as of August&nbsp;26, 1998 (the
&#147;<U>Titling Trust Agreement</U>&#148;), among the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee, and the Trust Agent, the Titling Trust was formed to take assignments and conveyances of and hold in
trust various assets (the &#147;<U>Trust Assets</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">B.&nbsp;&nbsp;&nbsp;&nbsp;The UTI Beneficiary, the Servicer, and the Titling
Trust have entered into the SUBI Servicing Agreement, dated as of March&nbsp;1, 1999, as amended by the First Amendment to Servicing Agreement, dated as of January&nbsp;3, 2001, and the Second Amendment to Servicing Agreement, dated as of
January&nbsp;27, 2020 (the &#147;<U>Basic Servicing Agreement</U>&#148;), which provides for, among other things, the servicing of the Trust Assets by the Servicer; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">C.&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Titling Trust Agreement, from time to time the Trustee, on behalf of the Titling Trust and at the
direction of the UTI Beneficiary, will identify and allocate on the books and records of the Titling Trust certain Trust Assets and create and issue one or more special units of beneficial interest (each, a &#147;<U>SUBI</U>&#148;), the
beneficiaries of which generally will be entitled to the net cash flows arising from such Trust Assets; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">D.&nbsp;