2020-B SUBI SERVICING SUPPLEMENT
This 2020-B SUBI Servicing Supplement, dated as of September 29, 2020 (this 2020-B Servicing Supplement), is among Nissan-Infiniti LT, a Delaware statutory trust (the Titling Trust), NILT Trust, a Delaware statutory trust, as grantor and initial beneficiary of the Titling Trust (in such capacities, the Grantor and the UTI Beneficiary, respectively), and Nissan Motor Acceptance Corporation, a California corporation (NMAC), as servicer (the Servicer).
A. The Grantor and the UTI Beneficiary, the Servicer, NILT, Inc., as trustee of the Titling Trust (the Titling Trustee), Wilmington Trust Company, a Delaware corporation with trust powers, as Delaware trustee (the Delaware Trustee), and U.S. Bank National Association (U.S. Bank), as trust agent (the Trust Agent), have entered into the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998 (the Titling Trust Agreement), pursuant to which the Titling Trust was created to, among other things, take assignments and conveyances of and hold in trust various assets (the Trust Assets);
B. The parties hereto have entered into the Servicing Agreement, dated as of March 1, 1999 as amended by the First Amendment to the Servicing Agreement, dated as of January 3, 2001, and the Second Amendment to the Servicing Agreement, dated as of January 27, 2020 (the Basic Servicing Agreement and, as supplemented hereby, the Servicing Agreement), which provides for certain servicing obligations with respect to the Trust Assets; and
C. The parties acknowledge that in connection with the execution of the 2020-B SUBI Supplement to the Titling Trust Agreement, dated as of September 29, 2020 (the 2020-B SUBI Supplement, and together with the Titling Trust Agreement, the SUBI Trust Agreement), pursuant to which a special unit of beneficial interest in the Titling Trust (the 2020-B SUBI) will be created, it is necessary and desirable to enter into a supplemental agreement to the Basic Servicing Agreement providing for specific servicing obligations in connection with the Trust Assets allocated to the 2020-B SUBI.
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 7.01 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 September 29, 2020, by and among Nissan Auto Lease Trust 2020-B as issuer (the Issuing Entity), NILT Trust, as Grantor, UTI Beneficiary and Transferor, the Titling Trust, NMAC, in its individual capacity, as Servicer and as administrative agent (in such capacity, the Administrative Agent), Nissan Auto Leasing LLC II, a Delaware limited liability company
(NALT 2020-B SUBI Servicing Supplement)