pay for and provide a qualified flight crew for all
flight operations under this Agreement.
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18. Base of Operations.
For purposes of this Agreement, the base of operation of the Aircraft is
Memphis-Shelby County International Airport; provided, that such base may be
changed from time to time upon notice from Lessor to Lessee.
19. Title.
Legal title to the Aircraft shall remain with Federal Express Leasing
Corporation at all times.
20. Truth-in-Leasing.
Lessor shall mail a copy of this Agreement for and on behalf of both
Parties to: Flight Standards Technical Division, P.O. Box 25724, Oklahoma City,
Oklahoma 73125, within twenty-four (24) hours of its execution, as provided by
FAR 91.23(c)(1). Additionally, Lessor agrees to comply with the notification
requirements of FAR Section 91.23 by notifying by telephone or in person the
Memphis, Tennessee FAA Flight Standards District Office at least forty-eight
(48) hours prior to the first flight under this Agreement.
(a) LESSOR CERTIFIES THAT THE AIRCRAFT HAS BEEN INSPECTED AND MAINTAINED
WITHIN THE 12-MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT IN ACCORDANCE
WITH THE PROVISIONS OF PART 91 OF THE FEDERAL AVIATION REGULATIONS AND THAT ALL
APPLICABLE REQUIREMENTS FOR THE AIRCRAFT'S MAINTENANCE AND INSPECTION UNDER SUCH
REGULATIONS HAVE BEEN MET AND ARE VALID FOR THE OPERATIONS TO BE CONDUCTED UNDER
THIS AGREEMENT.
(b) LESSOR, WHOSE ADDRESS APPEARS IN PARAGRAPH 13 ABOVE AND WHOSE
AUTHORIZED SIGNATURE APPEARS BELOW, AGREES, CERTIFIES AND ACKNOWLEDGES THAT
WHENEVER THE AIRCRAFT IS OPERATED UNDER THIS AGREEMENT, LESSOR SHALL BE KNOWN
AS, AND SHALL IN FACT BE, THE OPERATOR OF THE AIRCRAFT, AND THAT LESSOR
UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION
REGULATIONS.
(c) THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT
FEDERAL AVIATION REGULATIONS BEARING ON OPERATIONAL CONTROL OF THE AIRCRAFT CAN
BE OBTAINED FROM THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE.
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IN WITNESS WHEREOF, the Parties hereto have each caused this Agreement to
be duly executed on
,
200
.
LESSOR:
LESSEE:
Federal Express Corporation
By:
Kirby A. Woehst
Its:
Managing Director - Corporate Aviation
Print Name
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EXHIBIT A
Aircraft Subject to Time Sharing Agreement
The Aircraft described below constitute the "Aircraft" referred to in this
Agreement.
[Aircraft Registration Numbers]
10