All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly given if personally delivered at or mailed by registered mail, return receipt requested, to, in the case of (i) the Transferor, at 300 Chestnut Ridge Road, Woodcliff Lake, NJ 07677 (telecopier no. (201) 307-9286), Attention: General Counsel, with a copy (which shall not constitute notice) to Reed Auerbach, Esq., Morgan, Lewis & Bockius LLP, 101 Park Avenue, New York, New York 10178; (ii) the Initial-Secured Party, at c/o Wilmington Trust, National Association, Rodney Square North, 1100 North Market Street, Wilmington, DE 19890, Attention: Corporate Trust Administration, with a copy to BMW Financial Services NA, LLC, as Administrator, at 300 Chestnut Ridge Road, Woodcliff Lake, NJ 07677 (telecopier no. (201) 307-9286), Attention: General Counsel; (iii) the Indenture Trustee and the Assignee-Secured Party, at 388 Greenwich Street, 14th Floor, New York, NY 10013, Attention:  Citibank Agency & Trust, BMW Vehicle Lease Trust 2016-2; and (iv) the Securities Intermediary, at 388 Greenwich Street, 14th Floor, New York, NY 10013, Attention:  Citibank Agency & Trust, BMW Vehicle Lease Trust 2016-2; 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.