Common use of FEDERAL EXPRESS CORPORATION Clause in Contracts

FEDERAL EXPRESS CORPORATION. By: -------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx xxx Xxxxsurer INITIAL OWNER PARTICIPANT: FEDERAL EXPRESS CORPORATION By: -------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx xxx Xxxxsurer OWNER PARTICIPANT: NATIONSBANC LEASING CORPORATION By: -------------------------------------- Name: Title: INDENTURE TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Indenture Trustee By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx PASS THROUGH TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Pass Through Trustee By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx SUBORDINATION AGENT: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Subordination Agent By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx OWNER TRUSTEE: STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not in its individual capacity, except as otherwise expressly provided herein, but solely as Owner Trustee By: -------------------------------------- Name: Paul D. Allen Title: Vice Presixxxx SCHEDULE I OWNER PARTICIPANT'S COMMITMENT; DEBT PORTION (as a percentage of Purchase Price) Owner Participant's Commitment 25.095000% ------------------------------ Debt Portion 74.905000% ------------ SCHEDULE II DEFINITIONS (FEDERAL EXPRESS CORPORATION TRUST NO. N676FE)

FEDERAL EXPRESS CORPORATION. By: -------------------------------------- --------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx Prexxxxxx xxx Xxxxsurer Xxxxxxrer INITIAL OWNER PARTICIPANT: FEDERAL EXPRESS CORPORATION By: -------------------------------------- --------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx Prexxxxxx xxx Xxxxsurer Xxxxxxrer OWNER PARTICIPANT: NATIONSBANC LEASING CORPORATION NORLEASE, INC. By: -------------------------------------- --------------------------------------- Name: Title: INDENTURE TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Indenture Trustee By: -------------------------------------- --------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presidxxx PASS THROUGH TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Pass Through Trustee By: -------------------------------------- --------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presidxxx SUBORDINATION AGENT: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Subordination Agent By: -------------------------------------- --------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presidxxx OWNER TRUSTEE: STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not in its individual capacity, except as otherwise expressly provided herein, but solely as Owner Trustee By: -------------------------------------- --------------------------------------- Name: Paul D. Allen Title: Vice Presixxxx Presidexx SCHEDULE I OWNER PARTICIPANT'S COMMITMENT; DEBT PORTION (as a percentage of Purchase Price) Owner Participant's Commitment 25.09500027.475% ------------------------------ Debt Portion 74.90500072.525% ------------ SCHEDULE II DEFINITIONS (FEDERAL EXPRESS CORPORATION TRUST NO. N676FE)N678FE) GENERAL PROVISIONS The following terms shall have the following meanings for all purposes of the Operative Agreements (other than the Pass Through Agreement, the Series Supplements, the Intercreditor Agreement and the Liquidity Facilities) referred to below, unless otherwise defined in an Operative Agreement or the context thereof shall otherwise require. In the case of any conflict between the provisions of this Schedule and the provisions of any Operative Agreement, the provisions of such Operative Agreement shall control the construction of such Operative Agreement. Unless the context otherwise requires, (i) references to agreements shall be deemed to mean and include such agreements as amended and supplemented from time to time, and (ii) references to parties to agreements shall be deemed to include the successors and permitted assigns of such parties.

FEDERAL EXPRESS CORPORATION. By: -------------------------------------- -------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx xxx Xxxxsurer INITIAL OWNER PARTICIPANT: FEDERAL EXPRESS CORPORATION By: -------------------------------------- -------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx xxx Xxxxsurer OWNER PARTICIPANT: NATIONSBANC LEASING CORPORATION PYRGOS, INC. By: -------------------------------------- -------------------------------- Name: Title: INDENTURE TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Indenture Trustee By: -------------------------------------- -------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx PASS THROUGH TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Pass Through Trustee By: -------------------------------------- -------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx SUBORDINATION AGENT: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Subordination Agent By: -------------------------------------- -------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx OWNER TRUSTEE: STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not in its individual capacity, except as otherwise expressly provided herein, but solely as Owner Trustee By: -------------------------------------- -------------------------------- Name: Paul D. Allen Title: Vice Presixxxx SCHEDULE I OWNER PARTICIPANT'S COMMITMENT; DEBT PORTION (as a percentage of Purchase Price) Owner Participant's Commitment 25.09500028.006211% ------------------------------ Debt Portion 74.90500071.993789% ------------ SCHEDULE II DEFINITIONS (FEDERAL EXPRESS CORPORATION TRUST NO. N676FEN585FE)

FEDERAL EXPRESS CORPORATION. By: -------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx Prxxxxxxx xxx Xxxxsurer Xxxxxurer INITIAL OWNER PARTICIPANT: FEDERAL EXPRESS CORPORATION By: -------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx Prxxxxxxx xxx Xxxxsurer Xxxxxurer OWNER PARTICIPANTPARTICIPANTS: NATIONSBANC AMSOUTH LEASING, LTD. By: AmSouth Leasing Corporation, as General Partner By: -------------------------------------- Name: Charles F. Kiser Title: Presidenx NATIONAL CITY LEASING CORPORATION By: -------------------------------------- Name: Title: INDENTURE TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Indenture Trustee By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presixxxx PASS THROUGH TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Pass Through Trustee By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presixxxx SUBORDINATION AGENT: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Subordination Agent By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presixxxx OWNER TRUSTEE: STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not in its individual capacity, except as otherwise expressly provided herein, but solely as Owner Trustee By: -------------------------------------- Name: Paul D. Allen Title: Vice Presixxxx Presidxxx SCHEDULE I OWNER PARTICIPANT'S PARTICIPANTS' COMMITMENT; DEBT PORTION (as a percentage of Purchase Price) Owner Participant's Participants' Commitment 25.09500026.20875% ------------------------------ Debt Portion 74.90500073.79125% ------------ SCHEDULE II DEFINITIONS (FEDERAL EXPRESS CORPORATION TRUST NO. N676FEN679FE)

FEDERAL EXPRESS CORPORATION. By: -------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx Prxxxxxxx xxx Xxxxsurer Xxxxxurer INITIAL OWNER PARTICIPANT: FEDERAL EXPRESS CORPORATION By: -------------------------------------- Name: Robert D. Henning Title: Vice Pxxxxxxxx Prxxxxxxx xxx Xxxxsurer Xxxxxurer OWNER PARTICIPANT: NATIONSBANC LEASING CORPORATION DEBIS FINANCIAL SERVICES, INC. By: -------------------------------------- Name: Title: INDENTURE TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Indenture Trustee By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presixxxx PASS THROUGH TRUSTEE: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Pass Through Trustee By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx Presixxxx SUBORDINATION AGENT: FIRST SECURITY BANK, NATIONAL ASSOCIATION, not in its individual capacity except as otherwise expressly provided herein, but solely as Subordination Agent By: -------------------------------------- Name: Greg A. Hawley Title: Vice Presxxxxx OWNER TRUSTEE: STATE STREET BANK AND TRUST COMPANY OF CONNECTICUT, NATIONAL ASSOCIATION, not in its individual capacity, except as otherwise expressly provided herein, but solely as Owner Trustee By: -------------------------------------- Name: Paul D. Allen Title: Vice Presixxxx Presidxxx SCHEDULE I OWNER PARTICIPANT'S COMMITMENT; DEBT PORTION (as a percentage of Purchase Price) Owner Participant's Commitment 25.09500024.61125% ------------------------------ Debt Portion 74.90500075.38875% ------------ SCHEDULE II DEFINITIONS (FEDERAL EXPRESS CORPORATION TRUST NO. N676FEN680FE)