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EXHIBIT 10.11
REAFFIRMATION OF GUARANTY
In connection with the Guaranty entered into as of August 1,
1979 (the "Guaranty") by and between Federal Express Corporation (a Delaware
corporation), as Guarantor, and Commerce Union Bank, succeeded by The Bank of
New York, as Trustee for the holders of Bonds (as defined in the Guaranty)
issued under that certain Indenture between Memphis-Shelby County Airport
Authority and the Trustee, dated as of August 1, 1979, as heretofore
supplemented and amended and as amended and supplemented as of the date hereof
(the "Indenture"), Federal Express Corporation does hereby affirm as of the date
hereof the representations and warranties of the Guarantor made and all
covenants and agreements of the Guarantor contained in the Guaranty, including,
particularly, the obligations of the Guarantor relating to all Bonds (as defined
in the Indenture), including the $20,105,000 Special Facilities Revenue Bonds,
Refunding Series 1997 (Federal Express Corporation) to be issued under the
Indenture.
IN WITNESS WHEREOF, the undersigned FEDERAL EXPRESS
CORPORATION has caused this Reaffirmation of Guaranty to be executed in its name
and on its behalf and its corporate seal to be affixed hereto attested by a duly
authorized officer as of the 29th day of July 1997.
FEDERAL EXPRESS CORPORATION
By: /s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Title: Assistant Treasurer and
Managing Director,
Corporate Finance
(SEAL)
ATTEST:
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Assistant ▇▇▇▇▇▇▇▇▇
▇
▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ )
) ss.:
COUNTY OF SHELBY )
On this 29th day of July 1997, before me appeared ▇▇▇▇▇▇▇▇
▇. ▇▇▇▇▇▇▇▇, to me personally known, who, being by me duly sworn (or affirmed)
did say that she is Assistant Treasurer and Managing Director, Corporate Finance
of Federal Express Corporation, the Guarantor, and that the seal affixed to the
foregoing instrument is the corporate seal of said corporation and that said
instrument was signed and sealed on behalf of said corporation by authority of
its Board of Directors and she acknowledged said instrument to be the free act
and deed of said corporation.
(SEAL)
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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Notary Public
My Commission Expires: March 27, 2001
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