Section 1315. Inspection and Acceptance. STATE and its authorized and designated representative shall at all times be allowed access to all parts of the Operations and Areas of Operations of PURCHASER, as STATE may determine to be necessary or desirable to make a complete and detailed inspection of the Operations and PURCHASER’s compliance with all terms and conditions of this Contract. STATE shall be furnished operation progress status or other information and assistance by PURCHASER, or the Authorized Representative(s), as STATE may determine necessary to permit STATE to verify PURCHASER's compliance with all terms and conditions of this Contract. PURCHASER shall notify STATE in writing upon completion of final Operations. STATE will inspect the Operations completed by PURCHASER within twenty (20) business days after receipt of written notification that final Operations are complete. Following inspection, STATE shall notify PURCHASER in writing of STATE’s acceptance of PURCHASER's performance of the Contract or, if PURCHASER’s Operations are not acceptable to STATE, shall advise PURCHASER in writing of the particular defects to be remedied before final acceptance by STATE can be granted.
Section 1315. 12 An employee who resigns will give, by written notice to the Superintendent or designee, two (2) weeks 13 notice of resignation. 17 A R T I C L E X I V 18 19 ASSOCIATION MEMBERSHIP AND CHECKOFF
Section 1315. Rights of Trustee as a Holder of Senior Indebtedness; Preservation of Trustees' Rights........................ 98 SECTION 1316. Article Applicable to Paying Agents...................... 98
Section 1315. Hedge Counterparty............................................................................66 Section 1316. Consents and Approvals........................................................................66 Section 1317. Counterparts..................................................................................66 Section 1318. Effect on Prior Indenture.....................................................................67 Table of Contents (continued) Schedule I Maximum Concentrations for Lessees EXHIBIT A - Form of Non-Recourse Release EXHIBIT B - Investment Letter EXHIBIT C - Form of Control Agreement EXHIBIT D - Depreciation Methods by Type of Managed Container EXHIBIT E - Form of Asset Base Certificate EXHIBIT F Interest Rate Hedge Agreement Policy APPENDIX A - Master Index of Defined Terms This Amended and Restated Indenture, dated as of April 12, 2006 (as amended, modified or supplemented from time to time as permitted hereby, this "Indenture"), between TAL ADVANTAGE I LLC, a limited liability company organized under the laws of Delaware (the "Issuer"), and U.S. Bank National Association, a national banking association, as the Indenture Trustee (the "Indenture Trustee"). Each party agrees as follows for the benefit of the other party, the Noteholders, each Series Enhancer, if any, and each Eligible Hedge Counterparty. GRANTING CLAUSE To secure the payment of all Outstanding Obligations and the performance of all of the Issuer's covenants and agreements in this Indenture and all other Transaction Documents, the Issuer hereby grants, assigns, conveys, mortgages, pledges, hypothecates and transfers to the Indenture Trustee, for the benefit of Noteholders, each Series Enhancer, if any, and each Hedge Counterparty, a security interest in and to all of the Issuer's right, title and interest in, to and under the following, whether now existing or hereafter created or acquired: (i) the Managed Containers (including any and all substitutions therefor acquired from time to time) and other Transferred Assets, (ii) the Trust Account, the Restricted Cash Account, the Temporary Loss Account, any Series Account and all amounts and Eligible Investments, Financial Assets, Investment Property, Securities Entitlements and all other instruments, assets or amounts credited to any of the foregoing or otherwise on deposit from time to time in the foregoing, (iii) the Contribution and Sale Agreement, all Hedge Agreements, the Management Agreement and the Intercreditor A...
Section 1315. No Suspension of Remedies............................... 84 SECTION 1316. Trust Moneys Not Subordinated........................... 84 SECTION 1317. Trustee's Relation to Guarantor Senior Indebtedness..... 85
Section 1315. Securities to Rank Pari Passu with Existing Subordinated ---- ----- Indebtedness; Payment of Proceeds in Certain Cases ........87 ---------- NOTE: This table of contents shall not, for any purpose, be deemed to be a part of the Indenture. ARTICLE FOURTEEN ---------------- DEFEASANCE AND COVENANT DEFEASANCE
Section 1315. Rights of Trustee as a Holder of Senior Indebtedness; Preservation of Trustee’s Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Indebtedness which may at any time be held by it, to the same extent as any other holder of Senior Indebtedness, and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 607.
Section 1315. Payment of Proceeds in Certain Cases.
Section 1315. Certain Conversions or Exchanges Deemed Payment............................... 98 Annex A -- Form of Trust Agreement Annex B -- Form of Amended and Restated Trust Agreement Annex C -- Form of Guarantee Agreement ITT HARTFORD GROUP, INC. Reconciliation and tie between the Trust Indenture Act of 1939 (including cross-references to provisions of Sections 310 to and including 317 which, pursuant to Section 318(c) of the Trust Indenture Act of 1939, as amended by the Trust Reform Act of 1990, are a part of and govern the Indenture whether or not physically contained therein) and the Junior Subordinated Indenture, dated as of February 28, 1996.
Section 1315. Reliance by Holders of Senior Indebtedness on Subordination Provisions............. 97 SECTION 1316. Proofs of Claim.................................................................... 97
