1
Exhibit 10.46
AMENDMENT NO. 3
DATED AS OF OCTOBER 31, 2000
TO
CREDIT AGREEMENT
DATED AS OF JANUARY 15, 1998
THIS AMENDMENT NO. 3 TO THE CREDIT AGREEMENT (the "Amendment") is made as
of October 31, 2000 by and among FedEx Corporation, a Delaware corporation (the
"Borrower"), the Lenders and Bank One, NA, having its principal office in
Chicago, Illinois and formerly known as The First National Bank of Chicago, in
its capacity as agent ("Agent"). Defined terms used herein and not otherwise
defined herein shall have the meanings given to them in that certain Credit
Agreement dated as of January 15, 1998, as amended, by and among the Borrower,
the Lenders, Banc One Capital Markets, Inc., formerly known as First Chicago
Capital Markets, Inc., as Arranger, X.X. Xxxxxx Securities Inc., as Co-Arranger
and Syndication Agent, Chase Securities Inc., as Co-Arranger and Documentation
Agent, and the Agent (as amended, the "Credit Agreement").
WITNESSETH
WHEREAS, the Borrower, the Lenders and the Agent are parties to the Credit
Agreement;
WHEREAS, the Borrower, the Lenders and the Agent have agreed to amend the
Credit Agreement on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the premises set forth above, the terms
and conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the
Lenders and the Agent agree as follows:
1. Amendment to Credit Agreement. Section 2.19 of the Credit Agreement is
amended in its entirety to read as follows:
2.19. Extension of Tranche B Facility Termination Date. Not more than
60 days prior to the Tranche B Facility Termination Date then in
effect, provided that no Default or Unmatured Default shall have
occurred and be continuing, the Borrower may request an extension of
such Tranche B Facility Termination Date by submitting to the Agent a
written request therefor (an "Extension Request"), which the Agent
shall promptly furnish to each Lender. Each Lender shall, not less
than 30 days and not more than 45 days prior to the Tranche B Facility
Termination Date then in effect, notify the Borrower and the Agent of
its election to extend or not
2
extend the Tranche B Facility Termination Date as requested by the
Borrower. Notwithstanding any provision of this Agreement to the
contrary, any notice by any Lender of its willingness to extend the
Maturity Date shall be revocable by such Lender in its sole and
absolute discretion at any time prior to the date which is 30 days
prior to the Tranche B Facility Termination Date then in effect. If
any Lender shall approve in writing the extension of the Tranche B
Facility Termination Date requested in such Extension Request, the
Tranche B Facility Termination Date for such Lender's Tranche B
Commitment shall automatically and without any further action by any
Person be extended for the period specified in such Extension Request;
provided that each extension pursuant to this Section 2.19 shall be
for a maximum of 364 days. The Tranche B Commitment of any Lender that
does not consent in writing to such requested extension not less than
30 days and not more than 45 days prior to the Maturity Date then in
effect (an "Objecting Lender") shall, unless earlier terminated in
accordance with this Agreement, expire on the Tranche B Facility
Termination Date in effect on the date of such Extension Request (such
Tranche B Facility Termination Date, if any, referred to as the
"Commitment Expiration Date" with respect to such Objecting Lender).
If, not less than 30 days and not more than 45 days prior to the
Tranche B Facility Termination Date then in effect, no Lender shall
approve in writing the extension of the Tranche B Facility Termination
Date requested in an Extension Request, the Tranche B Facility
Termination Date shall not be extended pursuant to such Extension
Request. The Administrative Agent shall promptly notify y) the Lenders
and the Borrower of any extension of the Tranche B Facility
Termination Date pursuant to this Section 2.19 and (z) the Borrower
and any other Lender of any Lender which becomes an Objecting Lender.
No Lender shall be obligated to approve any extension of the Tranche B
Facility Termination Date.
2. Conditions of Effectiveness. This Amendment shall become effective as of
the date set forth above when the Agent shall have received:
(i) a counterpart of this Amendment executed by the Borrower, the
Agent and Lenders constituting the Required Lenders;
(ii) a counterpart of the Acknowledgment attached hereto as Exhibit A
executed by each of the Guarantors; and
(iii) such documents evidencing corporate existence, action and
authority of the Borrower and the Guarantors as the Agent may reasonably
request.
3
3. Representations and Warranties of the Borrower. The Borrower
represents and warrants that:
(a) This Amendment, and the Credit Agreement as previously
executed and as amended hereby, constitute legal, valid and binding
obligations of the Borrower and are enforceable against the Borrower
in accordance with their terms, except as enforceability may be
limited by bankruptcy, insolvency or similar laws affecting the
enforcement of creditors' rights generally and subject also to the
availability of equitable remedies if equitable remedies are sought.
(b) Upon the effectiveness of this Amendment, the Borrower
reaffirms all covenants, representations and warranties made in the
Credit Agreement.
(c) No Default or Unmatured Default has occurred and is
continuing.
4. Effect on Credit Agreement.
(a) During the period that this Amendment is effective, each
reference in the Credit Agreement to "this Agreement," "hereunder,"
"hereof," "herein" or words of like import shall mean and be a
reference to the Credit Agreement as amended hereby.
(b) Except as specifically amended above, the Credit Agreement
and all other Loan Documents, instruments and agreements executed
and/or delivered in connection therewith, shall remain in full force
and effect, and are hereby ratified and confirmed.
(c) The execution, delivery and effectiveness of this Amendment
shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy of the Agent or the Lenders, nor constitute
a waiver of any provision of the Credit Agreement or any other Loan
Documents, instruments and agreements executed and/or delivered in
connection therewith.
5. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of Illinois.
6. Headings. Section headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.
7. Counterparts. This Amendment may be executed by one or more of the
parties to the Amendment on any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.
4
IN WITNESS WHEREOF, the Borrower, the Lenders and the Agent have executed
this Amendment as of the date first above written.
FEDEX CORPORATION
By: /s/ XXXXXXXX X. XXXXXXXX
-----------------------------------------
Name: Xxxxxxxx X. Xxxxxxxx
---------------------------------------
Title: Vice President and Assistant Treasurer
--------------------------------------
BANK ONE, NA, having its principal office in
Chicago, Illinois, as Agent
By: /s/ XXXXXXX X.XXXXXX
-----------------------------------------
Name: Xxxxxxx X. Xxxxxx
---------------------------------------
Title: Managing Director
--------------------------------------
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK
By: /s/ XXXXXX XXXXXXX
-----------------------------------------
Name: Xxxxxx Xxxxxxx
---------------------------------------
Title: Associate
--------------------------------------
THE CHASE MANHATTAN BANK
By: /s/ XXXXXXX X. XXXXXX
-----------------------------------------
Name: Xxxxxxx X. Xxxxxx
---------------------------------------
Title: Managing Director
--------------------------------------
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KBC BANK N.Z., GRAND CAYMAN BRANCH
By: /s/ XXXXXX XXXXXXXX
-----------------------------------------
Name: Xxxxxx Xxxxxxxx
---------------------------------------
Title: First Vice President
--------------------------------------
By: /s/ XXXXXXX X. XXXXXXXX
-----------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
BANK OF AMERICA, N.A., formerly known as
BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, and successor-by-merger to
NATIONSBANK, N.A.
By: /s/ XXXXXX XXXXX XXXXX
-----------------------------------------
Name: Xxxxxx Xxxxx Horos
---------------------------------------
Title: Vice President
--------------------------------------
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By: /s/ XXXX XXXXXXXXX
-----------------------------------------
Name: Xxxx Xxxxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
CITICORP USA, INC.
By: /s/ XXXXXXX XXXXXX
-----------------------------------------
Name: Xxxxxxx Xxxxxx
---------------------------------------
Title: Vice President
Global Aviation
--------------------------------------
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COMMERZBANK AKTIENGESELLSCHAFT
By: /s/ XXXXX XXXXXX
-----------------------------------------
Name: Xxxxx Xxxxxx
---------------------------------------
Title: SVP and Manager
--------------------------------------
By: /s/ XXXXXX XXXXXXXXXXX
-----------------------------------------
Name: Xxxxxx Xxxxxxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
THE FUJI BANK, LIMITED
By: /s/ XXXXXXX XXXXXXX
-----------------------------------------
Name: Xxxxxxx Xxxxxxx
---------------------------------------
Title: Vice President and Manager
--------------------------------------
MELLON BANK, N.A.
By: /s/ XXXX X. XXXXXXXX
-----------------------------------------
Name: Xxxx X. Xxxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
KEYBANK NATIONAL ASSOCIATION
By: /s/ XXXX X. XXXXXXXXX
-----------------------------------------
Name: Xxxx X. XxXxxxxxx
---------------------------------------
Title: Assistant Vice President
--------------------------------------
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AMSOUTH BANCORPORATION, successor-by-merger
to FIRST AMERICAN NATIONAL BANK
By: /s/ S. XXXXX XXXXXX III
-----------------------------------------
Name: S. Xxxxx Xxxxxx III
---------------------------------------
Title: Vice President
--------------------------------------
BANK OF HAWAII
By:
---------------------------------------
Name:
---------------------------------------
Title:
---------------------------------------
THE BANK OF NEW YORK
By: /s/ XXXXXX XXXXXXXXX
-----------------------------------------
Name: Xxxxxx Xxxxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
THE BANK OF NOVA SCOTIA
By: /s/ A.S. XXXXXXXXXX
-----------------------------------------
Name: A.S. Xxxxxxxxxx
---------------------------------------
Title: Sr. Team Leader - Loan Operations
--------------------------------------
CREDIT SUISSE FIRST BOSTON
By: /s/ XXXXXX X. XXXXXX
-----------------------------------------
Name: Xxxxxx X. Xxxxxx
---------------------------------------
Title: Managing Director
---------------------------------------
By: /s/ XXXXXX X. XXXXXX
-----------------------------------------
Name: Xxxxxx X. Xxxxxx
---------------------------------------
Title: Director
--------------------------------------
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DEUTSCHE VERKEHRS BANK
By: /s/ XXXXXXXXX XXXXXXXXXXXXXX
-----------------------------------------
Name: Xxxxxxxxx Xxxxxxxxxxxxxx
---------------------------------------
Title: Senior Vice President
--------------------------------------
By: /s/ XXXXX X. XXXXXX
-----------------------------------------
Name: Xxxxx X. Xxxxxx
---------------------------------------
Title: Assistant Vice President
--------------------------------------
THE SANWA BANK, LIMITED
By: /s/ X. XXXXXXXX WU
-----------------------------------------
Name: X. Xxxxxxxx Wu
---------------------------------------
Title: Vice President
--------------------------------------
SUNTRUST BANK, NASHVILLE, N.A.
By: /s/ XXXXX X. XXXXX
-----------------------------------------
Name: Xxxxx X. Xxxxx
---------------------------------------
Title: Vice President
--------------------------------------
THE SUMITOMO BANK, LIMITED
By: /s/ C. XXXXXXX XXXXXXX
-----------------------------------------
Name: C. Xxxxxxx Xxxxxxx
---------------------------------------
Title: Senior Vice President
--------------------------------------
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BANCA COMMERCIALE ITALIANA
By: /s/ XXXXXXX XXXXXXXXX
-----------------------------------------
Name: Xxxxxxx Xxxxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
By: /s/ XXXX XXXXXXXXX
-----------------------------------------
Name: Xxxx Xxxxxxxxx
---------------------------------------
Title: Vice President
--------------------------------------
THE NORTHERN TRUST COMPANY
By: /s/ XXXXXX X. XXXXXXX
-----------------------------------------
Name: Xxxxxx X. Xxxxxxx
---------------------------------------
Title: Second Vice President
--------------------------------------
WACHOVIA BANK, N.A.
By:
---------------------------------------
Name:
---------------------------------------
Title:
---------------------------------------
FIRST UNION NATIONAL BANK
By: /s/ XXXXXX X. XXXXXX XX.
-----------------------------------------
Name: Xxxxxx X. XxXxxx Xx.
---------------------------------------
Title: Vice President
--------------------------------------
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EXHIBIT A
TO
AMENDMENT NO. 3
DATED AS OF OCTOBER 31, 2000
TO
CREDIT AGREEMENT
DATED AS OF JANUARY 15, 1998
ACKNOWLEDGMENT
Each of the undersigned hereby (i) acknowledges receipt of a copy of
Amendment No. 3 dated as of October 31, 2000 to the Credit Agreement dated as of
January 15, 1998 by and among the Borrower, the Lenders, Banc One Capital
Markets, Inc., formerly known as First Chicago Capital Markets, Inc., as
Arranger, X.X. Xxxxxx Securities Inc., as Co-Arranger and Syndication Agent,
Chase Securities Inc., as Co-Arranger and Documentation Agent, and the Agent
(the "Credit Agreement"), (ii) reaffirms the terms and conditions of that
certain Guaranty dated as of January 27, 1998 (the "Guaranty") and (iii)
acknowledges and agrees that the Guaranty (A) remains in full force and effect
and (B) is hereby ratified and confirmed.
FEDERAL EXPRESS CORPORATION
By: /s/ XXXXX X. XXXXXXXXX
-------------------------------------
Name: Xxxxx X. Xxxxxxxxx
-----------------------------------
Title: SVP & General Counsel
----------------------------------
FEDEX GROUND PACKAGE SYSTEM, INC.
By: /s/ XXXXXX X. XXXXXX
-------------------------------------
Name: Xxxxxx X. Xxxxxx
-----------------------------------
Title: Sr. V.P. & General Counsel
----------------------------------
VIKING FREIGHT, INC.
By: /s/ XXXX XXXXXX
-------------------------------------
Name: Xxxx Xxxxxx
-----------------------------------
Title: President & CEO
----------------------------------
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FEDEX CUSTOM CRITICAL, INC.
By: /s/ R. XXXXX XXXXXXX
------------------------------------
Name: R. Xxxxx Xxxxxxx
----------------------------------
Title: President & CEO
---------------------------------
Dated as of October 31, 2000
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AMENDMENT NO. 4
DATED AS OF JANUARY 19, 2001
TO
CREDIT AGREEMENT
DATED AS OF JANUARY 15, 1998
THIS AMENDMENT NO. 4 TO THE CREDIT AGREEMENT (the "Amendment") is made as
of January 19, 2001 by and among FedEx Corporation, a Delaware corporation (the
"Borrower"), the Lenders and Bank One, NA, having its principal office in
Chicago, Illinois and formerly known as The First National Bank of Chicago, in
its capacity as agent ("Agent"). Defined terms used herein and not otherwise
defined herein shall have the meanings given to them in that certain Credit
Agreement dated as of January 15, 1998, as amended, by and among the Borrower,
the Lenders, Banc One Capital Markets, Inc., formerly known as First Chicago
Capital Markets, Inc., as Arranger, X.X. Xxxxxx Securities Inc., as Co-Arranger
and Syndication Agent, Chase Securities Inc., as Co-Arranger and Documentation
Agent, and the Agent (as amended, the "Credit Agreement").
WITNESSETH
WHEREAS, the Borrower, the Lenders and the Agent are parties to the Credit
Agreement;
WHEREAS, the Borrower, the Lenders and the Agent have agreed to amend the
Credit Agreement on the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the premises set forth above, the terms
and conditions contained herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Borrower, the
Lenders and the Agent agree as follows:
1. Amendment to Credit Agreement. Clause (a) of Section 6.20 is amended in
its entirety to read as follows:
"6.20. Guaranties. (a) Within thirty (30) days after acquiring or
establishing any Subsidiary that constitutes a Significant Subsidiary
(other than Federal Express Canada Ltd. or FedEx Global Logistics, Inc.)
upon its acquisition or establishment or the consummation of any
transactions contemplated at the time of its establishment, the Borrower
shall cause such Significant Subsidiary to execute the Guaranty pursuant to
the Addendum thereto in the form of Annex I to the Guaranty, and to deliver
documentation similar to that described in Section 4.1(a)(iii), (iv), (v)
and (vii) relating to the authorization for, execution and delivery of, and
validity of such Significant Subsidiary's obligations as a Guarantor, such
documentation to be in form and substance reasonably satisfactory to the
Agent."
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2. Conditions of Effectiveness. This Amendment shall become effective as of
the date set forth above when the Agent shall have received:
(i) a counterpart of this Amendment executed by the Borrower, the
Agent and Lenders constituting the Required Lenders;
(ii) a counterpart of the Acknowledgment attached hereto as Exhibit A
executed by each of the Guarantors; and
(iii) such documents evidencing corporate existence, action and
authority of the Borrower and the Guarantors as the Agent may reasonably
request.
3. Representations and Warranties of the Borrower. The Borrower represents
and warrants that:
(a) This Amendment, and the Credit Agreement as previously executed
and as amended hereby, constitute legal, valid and binding obligations of
the Borrower and are enforceable against the Borrower in accordance with
their terms, except as enforceability may be limited by bankruptcy,
insolvency or similar laws affecting the enforcement of creditors' rights
generally and subject also to the availability of equitable remedies if
equitable remedies are sought.
(b) Upon the effectiveness of this Amendment, the Borrower reaffirms
all covenants, representations and warranties made in the Credit Agreement.
(c) No Default or Unmatured Default has occurred and is continuing.
4. Effect on Credit Agreement.
(a) During the period that this Amendment is effective, each reference
in the Credit Agreement to "this Agreement," "hereunder," "hereof,"
"herein" or words of like import shall mean and be a reference to the
Credit Agreement as amended hereby.
(b) Except as specifically amended above, the Credit Agreement and all
other Loan Documents, instruments and agreements executed and/or delivered
in connection therewith, shall remain in full force and effect, and are
hereby ratified and confirmed.
(c) The execution, delivery and effectiveness of this Amendment shall
not, except as expressly provided herein, operate as a waiver of any right,
power or remedy of the Agent or the Lenders, nor constitute a waiver of any
provision of the Credit Agreement or any other Loan Documents, instruments
and agreements executed and/or delivered in connection therewith.
5. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of Illinois.
14
6. Headings. Section headings in this Amendment are included herein for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.
7. Counterparts. This Amendment may be executed by one or more of the
parties to the Amendment on any number of separate counterparts and all of said
counterparts taken together shall be deemed to constitute one and the same
instrument.
IN WITNESS WHEREOF, the Borrower, the Lenders and the Agent have executed
this Amendment as of the date first above written.
FEDEX CORPORATION
By: /s/ XXXXXXX X. XXXXXX
---------------------------------------
Name: Xxxxxxx X. Xxxxxx
-------------------------------------
Title: Corp. Vice President and Treasurer
------------------------------------
BANK ONE, NA, having its principal office
in Chicago, Illinois, as Agent
By: /s/ XXXXXXX X. XXXXXX
---------------------------------------
Name: Xxxxxxx X. Xxxxxx
-------------------------------------
Title: Managing Director
------------------------------------
XXXXXX GUARANTY TRUST COMPANY OF NEW YORK
By: /s/ XXXXXX X. XXXXXXX
---------------------------------------
Name: Xxxxxx X. Xxxxxxx
-------------------------------------
Title: Vice President
------------------------------------
00
XXX XXXXX XXXXXXXXX BANK
By: /s/ XXXXXXX X. XXXXXX
---------------------------------------
Name: Xxxxxxx X. Xxxxxx
-------------------------------------
Title: Managing Director
------------------------------------
KBC BANK N.Z., GRAND CAYMAN BRANCH
By: /s/ XXXXXX XXXXXXXX
---------------------------------------
Name: Xxxxxx Xxxxxxxx
-------------------------------------
Title: First Vice President
------------------------------------
By: /s/ XXXXXXX X. XXXXXXXX
---------------------------------------
Name: Xxxxxxx X. Xxxxxxxx
-------------------------------------
Title: Vice President
------------------------------------
BANK OF AMERICA, N.A., formerly known as
BANK OF AMERICA NATIONAL TRUST AND SAVINGS
ASSOCIATION, and successor-by-merger to
NATIONSBANK, N.A.
By: /s/ XXXXXX XXXXX XXXXX
---------------------------------------
Name: Xxxxxx Xxxxx Horos
-------------------------------------
Title: Vice President
------------------------------------
BANK OF TOKYO-MITSUBISHI TRUST COMPANY
By: /s/ XXXX XXXXXXXXX
---------------------------------------
Name: Xxxx Xxxxxxxxx
-------------------------------------
Title: Vice President
------------------------------------
CITICORP USA, INC.
By:
--------------------------------------
Name:
--------------------------------------
Title:
--------------------------------------
16
COMMERZBANK AKTIENGESELLSCHAFT
By:
--------------------------------------
Name:
--------------------------------------
Title:
--------------------------------------
By:
--------------------------------------
Name:
--------------------------------------
Title:
--------------------------------------
THE FUJI BANK, LIMITED
By: /s/ XXXXXXX XXXXXXX
---------------------------------------
Name: Xxxxxxx Xxxxxxx
-------------------------------------
Title: Vice President and Manager
------------------------------------
MELLON BANK, N.A.
By: /s/ XXXX X. XXXXXXXX
---------------------------------------
Name: Xxxx X. Xxxxxxxx
-------------------------------------
Title: Vice President
------------------------------------
KEYBANK NATIONAL ASSOCIATION
By: /s/ XXXX X. XXXXXXXXX
---------------------------------------
Name: Xxxx X. XxXxxxxxx
-------------------------------------
Title: Assistant Vice President
------------------------------------
AMSOUTH BANCORPORATION, successor-by-merger
to FIRST AMERICAN NATIONAL BANK
By: /s/ S. XXXXX XXXXXX III
---------------------------------------
Name: S. Xxxxx Xxxxxx III
-------------------------------------
Title: Vice President
------------------------------------
17
BANK OF HAWAII
By: /s/ XXXXX X. XXXXXX
---------------------------------------
Name: Xxxxx X. Xxxxxx
-------------------------------------
Title: Vice President
------------------------------------
THE BANK OF NEW YORK
By: /s/ XXXXXX XXXXXXXXX
---------------------------------------
Name: Xxxxxx Xxxxxxxxx
-------------------------------------
Title: Vice President
------------------------------------
THE BANK OF NOVA SCOTIA
By: /s/ A.S. XXXXXXXXXX
---------------------------------------
Name: A.S. Xxxxxxxxxx
-------------------------------------
Title: Sr. Team Leader - Loan Operations
------------------------------------
CREDIT SUISSE FIRST BOSTON
By: /s/ XXXXX X. XXXXXX
---------------------------------------
Name: Xxxxx X. Xxxxxx
-------------------------------------
Title: Vice President
------------------------------------
DEUTSCHE VERKEHRS BANK
By: /s/ XXXXXXXXX XXXXXXXXXXXXXX
---------------------------------------
Name: Xxxxxxxxx Xxxxxxxxxxxxxx
-------------------------------------
Title: Assistant Vice President
------------------------------------
By: /s/ XXXXX X. XXXXXX
---------------------------------------
Name: Xxxxx X. Xxxxxx
-------------------------------------
Title: Assistant Vice President
------------------------------------
18
THE SANWA BANK, LIMITED
By: /s/ P/ XXXXXXXX WU
---------------------------------------
Name: X. Xxxxxxxx Wu
-------------------------------------
Title: Vice President
------------------------------------
SUNTRUST BANK, NASHVILLE, N.A.
By: /s/ XXXXX X. XXXXX
---------------------------------------
Name: Xxxxx X. Xxxxx
-------------------------------------
Title: Vice President
------------------------------------
THE SUMITOMO BANK, LIMITED
By: /s/ C. XXXXXXX XXXXXXX
---------------------------------------
Name: C. Xxxxxxx Xxxxxxx
-------------------------------------
Title: Senior Vice President
------------------------------------
BANCA COMMERCIALE ITALIANA
By:
--------------------------------------
Name:
--------------------------------------
Title:
--------------------------------------
By:
--------------------------------------
Name:
--------------------------------------
Title:
--------------------------------------
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THE NORTHERN TRUST COMPANY
By: /s/ XXXXXX X. XXXXXXX
---------------------------------------
Name: Xxxxxx X. Xxxxxxx
-------------------------------------
Title: Second Vice President
-------------------------------------
WACHOVIA BANK, N.A.
By: /s/ XXXXXXXX X. XXXXXX
---------------------------------------
Name: Xxxxxxxx X. Xxxxxx
-------------------------------------
Title: Assistant Vice President
-------------------------------------
FIRST UNION NATIONAL BANK
By: /s/ XXXXXX X. XXXXXX XX.
---------------------------------------
Name: Xxxxxx X. XxXxxx Xx.
-------------------------------------
Title: Vice President
------------------------------------
20
EXHIBIT A
TO
AMENDMENT NO. 4
DATED AS OF JANUARY 19, 2001
TO
CREDIT AGREEMENT
DATED AS OF JANUARY 15, 1998
ACKNOWLEDGMENT
Each of the undersigned hereby (i) acknowledges receipt of a copy of
Amendment No. 4 dated as of January 19, 2001 to the Credit Agreement dated as of
January 15, 1998 by and among the Borrower, the Lenders, Banc One Capital
Markets, Inc., formerly known as First Chicago Capital Markets, Inc., as
Arranger, X.X. Xxxxxx Securities Inc., as Co-Arranger and Syndication Agent,
Chase Securities Inc., as Co-Arranger and Documentation Agent, and the Agent
(the "Credit Agreement"), (ii) reaffirms the terms and conditions of that
certain Guaranty dated as of January 27, 1998 (the "Guaranty") and (iii)
acknowledges and agrees that the Guaranty (A) remains in full force and effect
and (B) is hereby ratified and confirmed.
FEDERAL EXPRESS CORPORATION
By: /s/ XXXXX X. XXXXXXX
---------------------------------------
Name: Xxxxx X. Xxxxxxx
-------------------------------------
Title: Senior VP/Finance & CFO
------------------------------------
FEDEX GROUND PACKAGE SYSTEM, INC.
By: /s/ XXXXXX X. XXXXXXXX
---------------------------------------
Name: Xxxxxx X. Xxxxxxxx
-------------------------------------
Title: President & CEO
------------------------------------
VIKING FREIGHT, INC.
By: /s/ XXXXXXXX XXXX
---------------------------------------
Name: Xxxxxxxx Xxxx
-------------------------------------
Title: VP - Finance and Administration, CFO
------------------------------------
21
FEDEX CUSTOM CRITICAL, INC.
By: /s/ XXXXXXX X. X'XXXXXXXX
---------------------------------------
Name: Xxxxxxx X. X'Xxxxxxxx
-------------------------------------
Title: Vice President - Finance and CFO
------------------------------------
Dated as of January 19, 2001
