EXHIBIT 4.11
 EXECUTION VERSION
 INTERCREDITOR AGREEMENT
   TAL INTERNATIONAL CONTAINER CORPORATION
 TAL ADVANTAGE I LLC (TAL A)
 U.S. BANK NATIONAL ASSOCIATION (the Indenture Trustee),
  FORTIS CAPITAL CORP. (Fortis)
  VARIOUS OTHER PERSONS FROM TIME TO TIME PARTIES HERETO




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INTERCREDITOR AGREEMENT
 Agreement TAL International
Container Corporation TLI TAL Advantage I LLC TAL A U.S. Bank National Association Indenture Trustee Fortis Capital Corp. Fortis Section 8
 WITNESSETH:
 WHEREAS, Indenture Securitized Containers Securitized Leases Securitized Lease Payments Securitized Collateral
 WHEREAS, Fortis Credit Agreement Fortis Security Agreement Fortis Containers Fortis
Leases Fortis Lease Payments Fortis Collateral




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WHEREAS, Appendix A Other Lenders inter
alia, Other Lenders Containers Other Lenders
Leases Other Lenders Lease Payments ( Other Lenders Additional Collateral Other Lenders Collateral
 WHEREAS,
 WHEREAS,
 WHEREAS,
 NOW, THEREFORE,
 SECTION 1. Definitions .
 Generally; Accounting Terms Appendix A
 Articles, Sections, Subsections, and Paragraphs; Other Interpretive Provisions Appendix A
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SECTION 2. Disclaimer of Fortis in the Securitized Collateral and Other Lenders Collateral .
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SECTION 3. Disclaimer of Indenture Trustee in Fortis Collateral and Other Lenders Collateral .
    SECTION 4.
    
    Concentration Account.4.1
    
    Concentration Account.
 Exhibit A
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Section 4.1 Concentration Account Collection Accounts Exhibit B provided
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SECTION 5. Inspection of Books and Records; Negative Pledge on Container Management System;
Non-Exclusive License on Container Management System .
   SECTION 6. Joinder to this Agreement by Supplemental Agreements .
 Exhibit D provided
 SECTION 7. Miscellaneous .
 Conflict with Equipment Loan Agreements provided Section 7.1
 No Waiver
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Successors and Assigns
 Counterparts
 Headings
 Notices
 SECTION 8. Entire Agreement .
 SECTION 9. Amendment . Section 6 Section 6
 SECTION 10. Governing Law .
 SECTION 11. Consent to Jurisdiction.
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SECTION 12. Further Assurances .
 SECTION 13. Waiver of Jury Trial .
 SECTION 14. Acknowledgment of Indenture Trustee .
 SECTION 15. Acknowledgment .
 SECTION 16. No Petition .
 [Remainder of page intentionally blank]
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IN WITNESS WHEREOF
 TAL INTERNATIONAL CONTAINER CORPORATION,
    
    TAL ADVANTAGE I LLC, acting in its capacityIn its capacity as an equipment owner
    
    as an equipment ownerand manager of Containers owned by TAL
Advantage I LLC
    
    By:
    
    TAL International Container
Corporation, its ManagerBy:
    
    
    
    By:TAL International Container Corporation
100 Manhattanville Road 
Purchase, New York 10577-2135
    
    TAL Advantage I LLC
100 Manhattanville Road
Purchase, New York 10577-2135Attn:
    
    Chand Khan, Vice President and
    
    Attn:
    
    Chand KhanChief Financial OfficerFax:
    
    914-697-2526
    
    with copies to:with a copy to:
    
    TAL International Container Corporation100 Manhattanville Road
Purchase, New York 10577-2135TAL International Group, Inc.
100 Manhattanville Road
Purchase, NY 10577-2135
    
    Attn:
    
    Chand Khan, Vice President and
Chief Financial OfficerAttn:
    
    Marc A. Pearlin, Vice President,
    
    and:General Counsel & SecretaryFax:
    
    914-697-2526
    
    TAL International
Group, Inc.
100 Manhattanville Road
Purchase, NY 10577-2135Attn:
    
    Marc A. Pearlin, Vice President,
General Counsel & SecretaryFax:
    
    914-697-2526
 Concentration Account Intercreditor Agreement




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FORTIS CAPITAL CORP.
 By: 
 Intercreditor Agreement




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U.S. BANK NATIONAL ASSOCIATION,
 By: 
 Concentration Account Intercreditor Agreement




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APPENDIX A
 CERTAIN DEFINITIONS
  Actionable Default
 Affiliate
 Business Day
 Collateral
 Collection Accounts
 Concentration Account
 Container Management System
 Containers
 Equipment Lenders




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Equipment Loan Agreements
 Fortis
 Fortis Collateral
 Fortis Containers
 Fortis Credit Agreement
 Fortis Lease Payments
 Fortis Leases
 Fortis Security Agreement
 GAAP
 Indenture
 Indenture Trustee
 Leases
 Lien
 Management Agreement
 Other Lenders
 Other Lenders Collateral
 Other Lenders Containers
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Other Lenders Lease Payments
 Other Lenders Leases
 Permitted Lien
       Securitized Collateral
 Securitized Containers
 Securitized Lease Payments
 Securitized Leases
 Security Agreements
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TAL A
 TLI
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EXHIBIT A
 DESCRIPTION OF CONCENTRATION ACCOUNT




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EXHIBIT B
 LIST OF COLLECTION ACCOUNTS




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EXHIBIT C




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EXHIBIT D
 FORM OF SUPPLEMENTAL AGREEMENT TO THE INTERCREDITOR AGREEMENT
 THIS SUPPLEMENTAL AGREEMENT TO THE INTERCREDITOR AGREEMENT  TAL International Container Corporation TLI TAL Advantage I LLC TAL A U.S. Bank
National Association Indenture
Trustee Fortis Capital Corp. Fortis Section 8
 RECITALS
 WHEREAS, [New Party] Agreement Section 6
 WHEREAS,
 NOW, THEREFORE,




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Section 7.7  Section 7.7
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IN WITNESS WHEREOF,
 TAL INTERNATIONAL CONTAINER CORPORATION, 
In its capacity as an equipment owner and as 
the manager of equipment owned by TAL
Advantage I LLCBy:Name:Title: with a copy to:[          ]Address:[           ]




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[NEW PARTY]By:Title: