Common use of Section 15 Clause in Contracts

Section 15. 05. No Action Contrary to Lessee's Rights Under the Lease................... 64 Section 15.06. Notices................................................................. 64 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 Section 15.08. Severability............................................................ 65 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 Section 15.10. Successors and Assigns.................................................. 65 Section 15.11. Headings................................................................ 66 Section 15.12. Normal Commercial Relations............................................. 66 Section 15.13. Governing Law; Counterparts............................................. 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 Supplement Schedule I to Equipment Note Principal Amortization TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] dated as of ___________ (the "Indenture"), between FIRST UNION TRUST COMPANY, NATIONAL --------- ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "Trust Company"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST BANK, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst"), as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 76 Section 15.06. Notices................................................................. 64 ................................................. 76 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein...................... 77 Section 15.08. Severability............................................................ 65 ............................................ 77 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 78 Section 15.10. Successors and Assigns.................................................. 65 .................................. 78 Section 15.11. Headings................................................................ 66 ................................................ 78 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 78 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N678FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N678FE) dated as of ___________ June 15, 1998, as amended and restated as of September 1, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 .................................................. 70 Section 15.06. Notices................................................................. 64 ................................................. 70 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein................................ 71 Section 15.08. Severability............................................................ 65 ............................................ 72 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 72 Section 15.10. Successors and Assigns.................................................. 65 .................................. 72 Section 15.11. Headings................................................................ 66 ................................................ 73 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 73 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 73 Exhibit A Form --Form of Indenture and Security Agreement Supplement Exhibit B --Form of Certificate Schedule I to Equipment Note Principal Amortization --[Intentionally Left Blank] Schedule II --Definitions Schedule III --Description of Original Indenture TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N586FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N586FE) dated as of ___________ September 1, 1996, as amended and restated as of October 15, 1996 (the "Indenture"), between FIRST UNION TRUST COMPANYSECURITY 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, "Trust CompanyFSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST BANKSTATE STREET BANK AND TRUST COMPANY, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")Massachusetts trust company, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 0502. No Legal Title to Trust Indenture Estate in Holders ........................................... 67 Section 15.03. Sale of Collateral by Indenture Trustee is Binding............................................ 68 Section 15.04. Indenture Trustee, FNBM, Company, Liquidity Providers and Holders Only......................... 68 Section 15.05. No Action Contrary to LesseeCompany's Rights Under the Lease................... 64 Rights............. 68 Section 15.06. Notices................................................................. 64 ............................................ 68 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ..... 68 Section 15.08. Severability............................................................ 65 ....................................... 69 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ........ 69 Section 15.10. Successors and Assigns.................................................. 65 ............................. 69 Section 15.11. Headings................................................................ 66 ........................................... 70 Section 15.12. Normal Commercial Relations............................................. 66 ........................ 70 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 ........................ 70 Annex A - Principal Amount of Equipment Notes Annex B - Amortization Schedule Appendix A - Definitions Exhibit A - Form of Indenture Supplement Schedule I to Exhibit B - Form of Equipment Note Principal Amortization Exhibit C - List of Countries TRUST INDENTURE AND SECURITY AGREEMENT [N3__MLN_______] TRUST INDENTURE AND SECURITY AGREEMENT [N3__MLN ] dated as of ___________, __, 199__ (the "Indenture"), between MIDWAY AIRLINES CORPORATION, a Delaware corporation and THE FIRST UNION TRUST COMPANY, NATIONAL --------- ASSOCIATIONBANK OF MARYLAND, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "Trust Company"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST BANK, a ------- Maryland state-chartered commercial bank association (when acting in its individual capacity, "AllfirstFNBM"), as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to Lessee's Rights Under the Lease................... 64 .............................................. 69 Section 15.06. Notices................................................................. 64 ............................................ 69 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ..... 69 Section 15.08. Severability............................................................ 65 ....................................... 70 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ........ 70 Section 15.10. Successors and Assigns.................................................. 65 ............................. 70 Section 15.11. Headings................................................................ 66 ........................................... 70 Section 15.12. Normal Commercial Relations............................................. 66 ........................ 70 Section 15.13. Governing Law; Counterparts............................................. 66 ........................ 71 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 ............... 71 Annex A - Principal Amount of Equipment Notes Annex B - Amortization Schedule Appendix A - Definitions Exhibit A - Form of Indenture Supplement Exhibit B - Form of Equipment Note Schedule I to Equipment Note - Principal Amortization TRUST INDENTURE AND SECURITY AGREEMENT [N3__MLN_______] TRUST INDENTURE AND SECURITY AGREEMENT [N3__MLN ] dated as of ___________ (the "Indenture"), between FIRST UNION TRUST COMPANY, NATIONAL --------- ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "Trust Company"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST BANKTHE FIRST NATIONAL BANK OF MARYLAND, a ------- Maryland state-chartered commercial bank national banking association (when acting in its individual capacity, "AllfirstFNBM"), as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 78 Section 15.06. Notices................................................................. 64 ................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein................................. 79 Section 15.08. Severability............................................................ 65 ............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 80 Section 15.10. Successors and Assigns.................................................. 65 .................................. 80 Section 15.11. Headings................................................................ 66 ................................................ 80 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 80 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note Principal Amortization -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N671FE) dated as of ___________ May 1, 1997 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 0510. No Action Contrary Subordination Rights Not Impaired by Acts or Omissions of a Guarantor or Holders of Senior Debt of such Guarantor.......................................................... 69 SECTION 15.11. Holders Authorize Trustee to Lessee's Rights Under the Lease................... 64 Section 15.06Effectuate Subordination of Securities...................... 70 SECTION 15.12. Right of Trustee to Hold Senior Debt of a Guarantor...................................... 70 SECTION 15.13. Trustee Not Fiduciary for Holders of Senior Debt of a Guarantor.......................... 70 SECTION 15.14. Article Fifteen Not To Prevent Events of Default......................................... 70 SECTION 15.15. Execution and Delivery of Guarantee...................................................... 71 ARTICLE SIXTEEN MISCELLANEOUS................................................................................ 71 SECTION 16.01. Form of Documents Delivered to Trustee................................................... 71 SECTION 16.02. Notices................................................................. 64 Section 15.07.................................................................................. 71 SECTION 16.03. Officer's Certificates Notice to Holders; Waiver................................................................ 73 SECTION 16.04. Trust Indenture Act Controls............................................................. 73 SECTION 16.05. Certificate and Opinions Opinion as to Conditions Precedent....................................... 73 SECTION 16.06. Statements Required in Certificate or Opinion............................................ 74 SECTION 16.07. Table of Counsel.......................... 64 Section 15.08. Severability............................................................ 65 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 Section 15.10. Successors and Assigns.................................................. 65 Section 15.11. Contents, Headings................................................................ 66 Section 15.12. Normal Commercial Relations............................................. 66 Section 15.13. Governing Law; Counterparts............................................. 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 Supplement Schedule I to Equipment Note Principal Amortization TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] , etc......................................................... 74 FORM OF SUBORDINATED INDENTURE, dated as of ___________ , 2003 between Peabody Energy Corporation, a Delaware corporation (hereinafter called the "Indenture"), between FIRST UNION TRUST COMPANY, NATIONAL --------- ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "Trust Company"), but solely and US Bank National Association, as owner trustee Trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST BANK, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst"), as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------RECITALS OF THE COMPANY

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 75 Section 15.06. Notices................................................................. 64 ................................................. 75 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein...................... 76 Section 15.08. Severability............................................................ 65 ............................................ 77 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 77 Section 15.10. Successors and Assigns.................................................. 65 .................................. 77 Section 15.11. Headings................................................................ 66 ................................................ 78 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 78 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N585FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N585FE) dated as of ___________ June 15, 1998, as amended and restated as of September 1, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 .................................................. 76 Section 15.06. Notices................................................................. 64 ................................................. 76 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein..................... 77 Section 15.08. Severability............................................................ 65 ............................................ 77 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 78 Section 15.10. Successors and Assigns.................................................. 65 .................................. 78 Section 15.11. Headings................................................................ 66 ................................................ 78 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 78 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N676FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N676FE) dated as of ___________ June 15, 1998, as amended and restated as of July 15, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ............................................... 75 Section 15.06. Notices................................................................. 64 ................................................. 75 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein...................... 76 Section 15.08. Severability............................................................ 65 ............................................ 76 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 77 Section 15.10. Successors and Assigns.................................................. 65 .................................. 77 Section 15.11. Headings................................................................ 66 ................................................ 77 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 77 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 77 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions Schedule III -- Description of Original Indenture; Description of Aircraft TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N590FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N590FE) dated as of ___________ May 1, 1998, as amended and restated as of June 15, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 78 Section 15.06. Notices................................................................. 64 ................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein...................... 79 Section 15.08. Severability............................................................ 65 ............................................ 79 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 80 Section 15.10. Successors and Assigns.................................................. 65 .................................. 80 Section 15.11. Headings................................................................ 66 ................................................ 80 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 80 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N620FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N620FE) dated as of ___________ June 15, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 78 Section 15.06. Notices................................................................. 64 ................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein...................... 79 Section 15.08. Severability............................................................ 65 ............................................ 79 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 80 Section 15.10. Successors and Assigns.................................................. 65 .................................. 80 Section 15.11. Headings................................................................ 66 ................................................ 80 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 80 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N621FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N621FE) dated as of ___________ June 15, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to Lessee's Rights Under the Lease................... 64 ................................................................................ 65 Section 15.06. Notices................................................................. 64 .............................................................................. 65 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ....................................... 65 Section 15.08. Severability............................................................ 65 ......................................................................... 66 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 .......................................... 66 Section 15.10. Successors and Assigns.................................................. 65 ............................................................... 66 Section 15.11. Headings................................................................ ............................................................................. 66 Section 15.12. Normal Commercial Relations............................................. .......................................................... 66 Section 15.13. Governing Law; Counterparts............................................. .......................................................... 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 .................................................... 67 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule Exhibit A Form of Indenture Supplement Exhibit B Form of Equipment Note Schedule I to Equipment Note Principal Amortization TRUST INDENTURE AND SECURITY AGREEMENT [N3__MLN361ML] TRUST INDENTURE AND SECURITY AGREEMENT [N3__MLN361ML] dated as of ___________ September 27, 2000 (the "Indenture"), between FIRST UNION TRUST COMPANY, --------- NATIONAL --------- ASSOCIATION, a national banking association, not in its individual capacity, except as otherwise specifically set forth herein (when acting in such individual capacity, "Trust Company"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST BANK, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst"), as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ............................................... 78 Section 15.06. Notices................................................................. 64 ................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein...................... 79 Section 15.08. Severability............................................................ 65 ............................................ 79 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 80 Section 15.10. Successors and Assigns.................................................. 65 .................................. 80 Section 15.11. Headings................................................................ 66 ................................................ 80 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 80 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N585FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N585FE) dated as of ___________ June 15, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 . .............................................. 76 Section 15.06. Notices................................................................. 64 .............................................. 76 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein................... 77 Section 15.08. Severability............................................................ 65 ......................................... 78 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 .......... 78 Section 15.10. Successors and Assigns.................................................. 65 ............................... 78 Section 15.11. Headings................................................................ 66 ............................................. 78 Section 15.12. Normal Commercial Relations............................................. 66 .......................... 78 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule .......................... 79 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note Principal Amortization -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N583FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N583FE) dated as of ___________ May 1, 1997, as amended and restated as of September 1, 1997 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 .............................................. 76 Section 15.06. Notices................................................................. 64 ................................................ 76 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein................. 77 Section 15.08. Severability............................................................ 65 . ......................................... 77 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............ 78 Section 15.10. Successors and Assigns.................................................. 65 . ............................... 78 Section 15.11. Headings................................................................ 66 . ............................................ 78 Section 15.12. Normal Commercial Relations............................................. 66 . .......................... 78 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule .......................... 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N677FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N677FE) dated as of ___________ June 15, 1998, as amended and restated as of August 1, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................. 78 Section 15.06. Notices................................................................. 64 ................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein............................... 79 Section 15.08. Severability............................................................ 65 ............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 80 Section 15.10. Successors and Assigns.................................................. 65 .................................. 80 Section 15.11. Headings................................................................ 66 ................................................ 80 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 80 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note Principal Amortization -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N670FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N670FE) dated as of ___________ May 1, 1997 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 76 Section 15.06. Notices................................................................. 64 ................................................. 76 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein................................. 77 Section 15.08. Severability............................................................ 65 ............................................ 77 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 78 Section 15.10. Successors and Assigns.................................................. 65 .................................. 78 Section 15.11. Headings................................................................ 66 ................................................ 78 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 78 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N680FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N680FE) dated as of ___________ June 15, 1998, as amended and restated as of November 1, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 .............................................. 76 Section 15.06. Notices................................................................. 64 ................................................. 76 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein..................... 77 Section 15.08. Severability............................................................ 65 ............................................ 77 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 78 Section 15.10. Successors and Assigns.................................................. 65 .................................. 78 Section 15.11. Headings................................................................ 66 ................................................ 78 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 78 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 78 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note -- Schedule of Principal Amortization Payments Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N679FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N679FE) dated as of ___________ June 15, 1998, as amended and restated as of October 1, 1998 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 78 Section 15.06. Notices................................................................. 64 ................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein................................. 79 Section 15.08. Severability............................................................ 65 ............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 80 Section 15.10. Successors and Assigns.................................................. 65 .................................. 80 Section 15.11. Headings................................................................ 66 ................................................ 80 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 80 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note Principal Amortization -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N672FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N672FE) dated as of ___________ May 1, 1997 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.

Section 15. 05. No Action Contrary to the Lessee's Rights Under the Lease................... 64 ................................................... 78 Section 15.06. Notices................................................................. 64 ................................................. 78 Section 15.07. Officer's Certificates and Opinions of Counsel.......................... 64 ; Statements to Be Contained Therein................................. 79 Section 15.08. Severability............................................................ 65 ............................................ 80 Section 15.09. No Oral Modifications or Continuing Waivers............................. 65 ............. 80 Section 15.10. Successors and Assigns.................................................. 65 .................................. 80 Section 15.11. Headings................................................................ 66 ................................................ 80 Section 15.12. Normal Commercial Relations............................................. 66 ............................. 80 Section 15.13. Governing Law; Counterparts............................................. 66 Section 15.14. Lessee's Right of Quiet Enjoyment. .................................... 66 Annex A Principal Amount of Equipment Notes Annex B Amortization Schedule ............................. 80 Exhibit A -- Form of Indenture and Security Agreement Supplement Exhibit B -- Form of Certificate Schedule I to Equipment Note Principal Amortization -- [Reserved] Schedule II -- Definitions TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N673FE) TRUST INDENTURE AND SECURITY AGREEMENT [N3__ML] (FEDERAL EXPRESS CORPORATION TRUST NO. N673FE) dated as of ___________ May 1, 1997 (the "Indenture"), between FIRST UNION STATE STREET BANK AND TRUST COMPANYCOMPANY 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, "Trust CompanySSB"), but solely as owner trustee (the "Owner ------------- ----- Trustee") under the Trust Agreement, as defined herein, and ALLFIRST FIRST SECURITY BANK, NATIONAL ASSOCIATION, a ------- Maryland state-chartered commercial bank (when acting in its individual capacity, "Allfirst")national banking association, as Indenture Trustee hereunder (the "Indenture Trustee"). -------- -----------------.