EX-25.1 6 h42086exv25w1.htm STATEMENT OF ELIGIBILITY exv25w1
 

EXHIBIT 25.1
 
FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
 
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) o
 
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
     
Not Applicable
  94-1347393
(State of incorporation
  I.R.S. employer
if not a U.S. national bank)
  identification no.)
 
   
1445 Ross Ave., 2nd Floor
   
Dallas, Texas
   75202
(Address of principal executive offices)
  (Zip code)
Wells Fargo & Company
Law Department, Trust Section
MAC N9305-172
Sixth and Marquette, 17th Floor
Minneapolis, MN 55479
(agent for services)
 
CORE LABORATORIES LP
CORE LABORATORIES N.V.
(Exact name of obligor as specified in its charter)
     
Delaware
  76-0446294
The Netherlands
  N/A
 
   
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
 
0.25% Senior Exchangeable Notes due 2011
(Title of the indenture securities)
 

 


 

Item 1. General Information. Furnish the following information as to the trustee:
     (a) Name and address of each examining or supervising authority to which it is subject.
Comptroller of the Currency,
Treasury Department
Washington, D.C. 20230
Federal Deposit Insurance Corporation
Washington, D.C. 20429
Federal Reserve Bank of San Francisco
San Francisco, CA 94120
     (b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.
     None with respect to the trustee.
No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.
Item 15. Foreign Trustee. Not applicable.
Item 16. List of Exhibits.
Wells Fargo Bank incorporates by reference into this Form T-1 exhibits attached hereto.
Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*
Exhibit 2.   A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated November 28, 2001.*
Exhibit 3.   A copy of the authorization of the trustee to exercise corporate trust powers. A copy of the Comptroller of the Currency Certificate of Corporate Existence (with Fiduciary Powers) for Wells Fargo Bank, National Association, dated November 28, 2001.*
Exhibit 4.   Copy of By-laws of the trustee as now in effect.*
Exhibit 5.   Not applicable.
Exhibit 6.   The consents of United States institutional trustees required by Section 321(b) of the Act.
Exhibit 7.   Attached is a copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

 


 

Exhibit 8.   Not applicable.
Exhibit 9.   Not applicable.
 
*   Incorporated by reference to exhibit number 25 filed with registration statement number 333-87398.

 


 

SIGNATURE
     Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Dallas and State of Texas on the 20th day of December, 2006.
         
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 
 
  By:   /s/ Patrick T. Giordano    
    Patrick T. Giordano, Vice President   
       

 


 

         
Exhibit 6
December 20, 2006
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
     In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request thereof.
         
  Very truly yours,


WELLS FARGO BANK, NATIONAL ASSOCIATION
 
 
  By:   Patrick T. Giordano    
    Patrick T. Giordano, Vice President   
       

 


 

         
Exhibit 7
Consolidated Report of Condition of
Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business September 30, 2006, filed in accordance with 12 U.S.C. §161 for National Banks.
                 
            Dollar Amounts  
            In Millions  
ASSETS
               
Cash and balances due from depository institutions:
               
Noninterest-bearing balances and currency and coin
          $ 12,568  
Interest-bearing balances
            2,329  
Securities:
               
Held-to-maturity securities
            0  
Available-for-sale securities
            47,734  
Federal funds sold and securities purchased under agreements to resell:
               
Federal funds sold in domestic offices
            4,359  
Securities purchased under agreements to resell
            1,055  
Loans and lease financing receivables:
               
Loans and leases held for sale
            39,455  
Loans and leases, net of unearned income
    240,414          
LESS: Allowance for loan and lease losses
    2,226          
Loans and leases, net of unearned income and allowance
            238,188  
Trading Assets
            3,850  
Premises and fixed assets (including capitalized leases)
            4,012  
Other real estate owned
            482  
Investments in unconsolidated subsidiaries and associated companies
            374  
Intangible assets
               
Goodwill
            8,912  
Other intangible assets
            18,523  
Other assets
            18,966  
 
               
 
             
Total assets
          $ 400,807  
 
             
 
               
LIABILITIES
               
Deposits:
               
In domestic offices
          $ 284,509  
Noninterest-bearing
    77,344          
Interest-bearing
    207,165          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            32,180  
Noninterest-bearing
    8          
Interest-bearing
    32,172          
Federal funds purchased and securities sold under agreements to repurchase:
               
Federal funds purchased in domestic offices
            3,274  
Securities sold under agreements to repurchase
            6,805  

 


 

         
    Dollar Amounts  
    In Millions  
Trading liabilities
    2,957  
Other borrowed money
       
(includes mortgage indebtedness and obligations under capitalized leases)
    4,705  
Subordinated notes and debentures
    10,580  
Other liabilities
    16,959  
 
       
 
     
Total liabilities
  $ 361,969  
 
       
Minority interest in consolidated subsidiaries
    58  
 
       
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    520  
Surplus (exclude all surplus related to preferred stock)
    24,751  
Retained earnings
    13,150  
Accumulated other comprehensive income
    359  
Other equity capital components
    0  
 
       
 
     
Total equity capital
    38,780  
 
       
 
     
Total liabilities, minority interest, and equity capital
  $ 400,807  
 
     
I, Karen B. Nelson, Vice President of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
Karen B. Nelson
Vice President  
We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.
     
Dave Hoyt
   
John Stumpf
  Directors
Carrie Tolstedt