Common use of Section 15 Clause in Contracts

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 Section 15.08. Severability............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 77 Section 15.06. Notices................................................. 78 77 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ...................... 78 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 79 Section 15.10. Successors and Assigns.................................. 80 79 Section 15.11. Headings................................................ 80 79 Section 15.12. Normal Commercial Relations............................. 80 79 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN584FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN584FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 0507. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Officers' Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 .................... 71 Section 15.08. Severability............................................ 80 72 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 72 Section 15.10. Successors and Assigns.................................. 80 72 Section 15.11. Headings................................................ 80 72 Section 15.12. Normal Commercial Relations............................. 80 73 Section 15.13. Governing Law; Counterparts............................. 80 73 Exhibit A -- Form --Form of Indenture and Security Agreement Supplement Exhibit B -- Form --Form of Certificate Schedule I -- [Reserved--[Intentionally Left Blank] Schedule II -- Definitions --Definitions Schedule III --Description of Original Indenture TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN667FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN667FE) dated as of May August 1, 1997 1996, as amended and restated as of October 15, 1996 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUTFIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBFSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATIONSTATE STREET BANK AND TRUST COMPANY, a national banking associationMassachusetts trust company, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... ................................................. 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. ............................... 79 Section 15.08. Severability............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN670FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN670FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 0507. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Officers' Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ............................... 71 Section 15.08. Severability............................................ 80 72 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 72 Section 15.10. Successors and Assigns.................................. 80 72 Section 15.11. Headings................................................ 80 72 Section 15.12. Normal Commercial Relations............................. 80 73 Section 15.13. Governing Law; Counterparts............................. 80 73 Exhibit A -- Form --Form of Indenture and Security Agreement Supplement Exhibit B -- Form --Form of Certificate Schedule I -- [Reserved--[Intentionally Left Blank] Schedule II -- Definitions --Definitions Schedule III --Description of Original Indenture TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN662FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN662FE) dated as of May September 1, 1997 1996, as amended and restated as of October 15, 1996 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUTFIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBFSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATIONSTATE STREET BANK AND TRUST COMPANY, a national banking associationMassachusetts trust company, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 .............................................. 69 Section 15.06. Notices................................................. 78 ............................................ 69 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ..... 69 Section 15.08. Severability............................................ 80 ....................................... 70 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 ........ 70 Section 15.10. Successors and Assigns.................................. 80 ............................. 70 Section 15.11. Headings................................................ 80 ........................................... 70 Section 15.12. Normal Commercial Relations............................. 80 ........................ 70 Section 15.13. Governing Law; Counterparts............................. 80 ........................ 71 Section 15.14. Lessee's Right of Quiet Enjoyment. ............... 71 Annex A - Principal Amount of Equipment Notes Annex B - Amortization Schedule Appendix A - Definitions Exhibit A -- - Form of Indenture and Security Agreement Supplement Exhibit B -- - Form of Certificate Equipment Note Schedule I -- [Reserved] Schedule II -- Definitions - Principal Amortization TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) [N_______] TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) [N ] dated as of May 1, 1997 ___________ (the "Indenture"), between STATE STREET BANK AND FIRST UNION TRUST COMPANY OF CONNECTICUTCOMPANY, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBTrust Company"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and THE FIRST SECURITY BANK, NATIONAL ASSOCIATIONBANK OF MARYLAND, a national banking associationassociation (when acting in its individual capacity, "FNBM"), as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... ............................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. ...................... 79 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN585FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN585FE) dated as of May 1June 15, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 . .............................................. 76 Section 15.06. Notices................................................. 78 .............................................. 76 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ................... 77 Section 15.08. Severability............................................ 80 ......................................... 78 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 .......... 78 Section 15.10. Successors and Assigns.................................. 80 ............................... 78 Section 15.11. Headings................................................ 80 ............................................. 78 Section 15.12. Normal Commercial Relations............................. 80 .......................... 78 Section 15.13. Governing Law; Counterparts............................. 80 .......................... 79 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN583FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN583FE) dated as of May 1, 1997, as amended and restated as of September 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... ............................................. 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. .................... 79 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN623FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN623FE) dated as of May 1June 15, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 .................................................. 76 Section 15.06. Notices................................................. 78 76 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ..................... 77 Section 15.08. Severability............................................ 80 78 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 78 Section 15.10. Successors and Assigns.................................. 80 78 Section 15.11. Headings................................................ 80 78 Section 15.12. Normal Commercial Relations............................. 80 78 Section 15.13. Governing Law; Counterparts............................. 80 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN584FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN584FE) dated as of May 1, 1997, as amended by Amendment Agreement No. 1 to Trust Indenture and Security Agreement (Federal Express Corporation Trust No. N584FE) dated September 30, 1997 and as amended and restated as of February 1, 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 Section 15.08. Severability............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN672FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN672FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 .............................................. 76 Section 15.06. Notices................................................. 78 76 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ..................... 77 Section 15.08. Severability............................................ 80 77 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 78 Section 15.10. Successors and Assigns.................................. 80 78 Section 15.11. Headings................................................ 80 78 Section 15.12. Normal Commercial Relations............................. 80 78 Section 15.13. Governing Law; Counterparts............................. 80 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN679FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN679FE) dated as of May June 15, 1998, as amended and restated as of October 1, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 ................................................................................ 65 Section 15.06. Notices................................................. 78 .............................................................................. 65 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ....................................... 65 Section 15.08. Severability............................................ 80 ......................................................................... 66 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 .......................................... 66 Section 15.10. Successors and Assigns.................................. 80 ............................................................... 66 Section 15.11. Headings................................................ 80 ............................................................................. 66 Section 15.12. Normal Commercial Relations............................. 80 .......................................................... 66 Section 15.13. Governing Law; Counterparts............................. 80 .......................................................... 66 Section 15.14. Lessee's Right of Quiet Enjoyment.................................................... 67 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Equipment Note Schedule I -- [Reserved] Schedule II -- Definitions to Equipment Note Principal Amortization TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) [N361ML] TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) [N361ML] dated as of May 1September 27, 1997 2000 (the "Indenture"), between STATE STREET BANK AND FIRST UNION TRUST COMPANY OF CONNECTICUTCOMPANY, --------- NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBTrust Company"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY ALLFIRST BANK, NATIONAL ASSOCIATIONa ------- Maryland state-chartered commercial bank (when acting in its individual capacity, a national banking association"Allfirst"), as Indenture Trustee hereunder (the "Indenture Trustee").. -------- -----------------

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 Section 15.08. Severability............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN674FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN674FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 76 Section 15.06. Notices................................................. 78 76 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ...................... 77 Section 15.08. Severability............................................ 80 77 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 78 Section 15.10. Successors and Assigns.................................. 80 78 Section 15.11. Headings................................................ 80 78 Section 15.12. Normal Commercial Relations............................. 80 78 Section 15.13. Governing Law; Counterparts............................. 80 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN678FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN678FE) dated as of May June 15, 1998, as amended and restated as of September 1, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. ...................... 79 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN677FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN677FE) dated as of May 1June 15, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 ................... 64 Section 15.06. Notices................................................. 78 ................................................................. 64 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 .......................... 64 Section 15.08. Severability............................................ 80 ............................................................ 65 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 ............................. 65 Section 15.10. Successors and Assigns.................................. 80 .................................................. 65 Section 15.11. Headings................................................ 80 ................................................................ 66 Section 15.12. Normal Commercial Relations............................. 80 ............................................. 66 Section 15.13. Governing Law; Counterparts............................. 80 ............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions to Equipment Note Principal Amortization TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) [N3__ML] TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) [N3__ML] dated as of May 1, 1997 ___________ (the "Indenture"), between STATE STREET BANK AND FIRST UNION TRUST COMPANY OF CONNECTICUTCOMPANY, NATIONAL --------- ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBTrust Company"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY ALLFIRST BANK, NATIONAL ASSOCIATIONa ------- Maryland state-chartered commercial bank (when acting in its individual capacity, a national banking association"Allfirst"), as Indenture Trustee hereunder (the "Indenture Trustee").. -------- -----------------

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 ............................................... 75 Section 15.06. Notices................................................. 78 75 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ...................... 76 Section 15.08. Severability............................................ 80 76 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 77 Section 15.10. Successors and Assigns.................................. 80 77 Section 15.11. Headings................................................ 80 77 Section 15.12. Normal Commercial Relations............................. 80 77 Section 15.13. Governing Law; Counterparts............................. 80 77 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions Schedule III -- Description of Original Indenture; Description of Aircraft TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN590FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN590FE) dated as of May 1, 1997 1998, as amended and restated as of June 15, 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 77 Section 15.06. Notices................................................. 78 77 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ...................... 78 Section 15.08. Severability............................................ 80 78 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 79 Section 15.10. Successors and Assigns.................................. 80 79 Section 15.11. Headings................................................ 80 79 Section 15.12. Normal Commercial Relations............................. 80 79 Section 15.13. Governing Law; Counterparts............................. 80 79 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN581FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN581FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND WILMINGTON TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATIONCOMPANY, a national Delaware banking associationcorporation, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBWTC"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. ...................... 79 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN620FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN620FE) dated as of May 1June 15, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 ......................................... 74 Section 15.06. Notices................................................. 78 74 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ...................... 75 Section 15.08. Severability............................................ 80 76 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 76 Section 15.10. Successors and Assigns.................................. 80 76 Section 15.11. Headings................................................ 80 76 Section 15.12. Normal Commercial Relations............................. 80 76 Section 15.13. Governing Law; Counterparts............................. 80 77 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions Schedule III -- Description of Original Indenture; Description of Aircraft TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN675FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN675FE) dated as of May June 1, 1997 1998, as amended and restated as of June 15, 1998 (the this "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 .............................................. 76 Section 15.06. Notices................................................. 78 ................................................ 76 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ................. 77 Section 15.08. Severability............................................ 80 . ......................................... 77 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 ............ 78 Section 15.10. Successors and Assigns.................................. 80 . ............................... 78 Section 15.11. Headings................................................ 80 . ............................................ 78 Section 15.12. Normal Commercial Relations............................. 80 . .......................... 78 Section 15.13. Governing Law; Counterparts............................. 80 . .......................... 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN677FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN677FE) dated as of May June 15, 1998, as amended and restated as of August 1, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 77 Section 15.06. Notices................................................. 78 77 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ...................... 78 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 79 Section 15.10. Successors and Assigns.................................. 80 79 Section 15.11. Headings................................................ 80 79 Section 15.12. Normal Commercial Relations............................. 80 79 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN583FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN583FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 76 Section 15.06. Notices................................................. 78 76 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 77 Section 15.08. Severability............................................ 80 77 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 78 Section 15.10. Successors and Assigns.................................. 80 78 Section 15.11. Headings................................................ 80 78 Section 15.12. Normal Commercial Relations............................. 80 78 Section 15.13. Governing Law; Counterparts............................. 80 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN680FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN680FE) dated as of May June 15, 1998, as amended and restated as of November 1, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 Section 15.08. Severability............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN673FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN673FE) dated as of May 1, 1997 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 0507. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Officers' Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 Section .................... 72 SECTION 15.08. Severability............................................ 80 Section 73 SECTION 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 73 SECTION 15.10. Successors and Assigns.................................. 80 Section 73 SECTION 15.11. Headings................................................ 80 Section 73 SECTION 15.12. Normal Commercial Relations............................. 80 Section 73 SECTION 15.13. Governing Law; Counterparts............................. 80 74 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [ReservedIntentionally Left Blank] Schedule II -- Definitions Schedule III -- Description of Original Indenture TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN661FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN661FE) dated as of May 1October 15, 1997 1995, as amended and restated as of October 26, 1995 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATIONNBD Bank, a national Michigan banking associationcorporation, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBNBD"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATIONThe Chase Manhattan Bank (National Association), a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 .................................................. 76 Section 15.06. Notices................................................. 78 76 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ..................... 77 Section 15.08. Severability............................................ 80 77 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 78 Section 15.10. Successors and Assigns.................................. 80 78 Section 15.11. Headings................................................ 80 78 Section 15.12. Normal Commercial Relations............................. 80 78 Section 15.13. Governing Law; Counterparts............................. 80 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN676FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN676FE) dated as of May 1June 15, 1997 1998, as amended and restated as of July 15, 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. ...................... 79 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN676FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN676FE) dated as of May 1June 15, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 .................................................. 70 Section 15.06. Notices................................................. 78 70 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ................................ 71 Section 15.08. Severability............................................ 80 72 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 72 Section 15.10. Successors and Assigns.................................. 80 72 Section 15.11. Headings................................................ 80 73 Section 15.12. Normal Commercial Relations............................. 80 73 Section 15.13. Governing Law; Counterparts............................. 80 73 Exhibit A -- Form --Form of Indenture and Security Agreement Supplement Exhibit B -- Form --Form of Certificate Schedule I -- [Reserved--[Intentionally Left Blank] Schedule II -- Definitions --Definitions Schedule III --Description of Original Indenture TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN586FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN586FE) dated as of May September 1, 1997 1996, as amended and restated as of October 15, 1996 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUTFIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSBFSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATIONSTATE STREET BANK AND TRUST COMPANY, a national banking associationMassachusetts trust company, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 75 Section 15.06. Notices................................................. 78 75 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. 79 ...................... 76 Section 15.08. Severability............................................ 80 77 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 77 Section 15.10. Successors and Assigns.................................. 80 77 Section 15.11. Headings................................................ 80 78 Section 15.12. Normal Commercial Relations............................. 80 78 Section 15.13. Governing Law; Counterparts............................. 80 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN585FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN585FE) dated as of May June 15, 1998, as amended and restated as of September 1, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................................................... 78 Section 15.06. Notices................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel; Statements to Be Contained Therein................................. ...................... 79 Section 15.08. Severability............................................ 80 79 Section 15.09. No Oral Modifications or Continuing Waivers............. 80 Section 15.10. Successors and Assigns.................................. 80 Section 15.11. Headings................................................ 80 Section 15.12. Normal Commercial Relations............................. 80 Section 15.13. Governing Law; Counterparts............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I -- [Reserved] Schedule of Principal Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN621FE) TRUST INDENTURE AND SECURITY AGREEMENT (FEDERAL EXPRESS CORPORATION TRUST NO. N671FEN621FE) dated as of May 1June 15, 1997 1998 (the "Indenture"), between STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "SSB"), but solely as owner trustee (the "Owner Trustee") under the Trust Agreement, as defined herein, and FIRST SECURITY BANK, NATIONAL ASSOCIATION, a national banking association, as Indenture Trustee hereunder (the "Indenture Trustee").