EX-25.1 114 a2173366zex-25_1.htm FORM T-1

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM T-1

 

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)

 

THE BANK OF NOVA SCOTIA TRUST COMPANY OF NEW YORK
(Exact name of trustee as specified in its charter)

 

New York

 

13-5691211

(Jurisdiction of incorporation or organization

 

(I.R.S. employer

if not a U.S. national bank)

 

Identification number)

 

One Liberty Plaza

 

 

New York, N.Y.

 

10006

(Address of principal
executive office)

 

(Zip code)

 

N/A

Name, address and telephone number of agent for service

 

TRAVELPORT LLC

(Exact name of obligor as specified in its charter)

 

DELAWARE

(State or other jurisdiction of incorporation or organization)

 

20-5337455

(I.R.S. employer identification no.)

400 Interpace Parkway, Bldg A

 

Parsippany, NJ

 

07054

(Address of principal executive offices)

 

(Postal Code)

 

 

Debt Securities

(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.

                                Board of Governors of the Federal Reserve System

                                Washington, D.C.

 

                                State of New York Banking Department

                                State House, Albany, N.Y.

 

                 (b) Whether it is authorized to exercise corporate trust powers.

                                The Trustee is authorized to exercise corporate trust powers.

 

Item 2.     Affiliation with the Obligor.

                 If the obligor is an affiliate of the trustee, describe each such affiliation.

                                The obligor is not an affiliate of the Trustee.

 

Item 3 through Item 15. Not applicable.

 

Item 16.   List of Exhibits.

                 List below all exhibits filed as part of this statement of eligibility.

 

                 Exhibit 1 — Copy of the Organization Certificate of the Trustee as now in effect.

                                (Exhibit 1 to T-1 to Registration Statement  No. 333-6688).

 

                 Exhibit 2 — Copy of the Certificate of Authority of the Trustee to commerce business.

                                (Exhibit 2 to T-1 to Registration Statement No. 333-6688).

 

                 Exhibit 3 — None; authorization to exercise corporate trust powers is contained in

                                the documents identified above as Exhibit 1 and 2.

 

                 Exhibit 4 — Copy of the existing By-Laws of the Trustee. (Exhibit 4 to T-1 to

                                Registration Statement No. 333-6688).

 

                 Exhibit 5 — Not applicable.

 

                 Exhibit 6 — The consent of the Trustee required by Section 321 (b) of the Trust

                                Indenture Act of 1939.(Exhibit 6 to T-1 to Registration Statement

                                No. 333-27685).

 

                 Exhibit 7 — Copy of the latest Report of Condition of the Trustee

 as of December 31, 2006

 

 

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SIGNATURE

 

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, The Bank of Nova Scotia Trust Company of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, and State of New York, on the 19th day of January, 2007.

 

 

 

THE BANK OF NOVA SCOTIA TRUST

 

COMPANY OF NEW YORK

 

 

 

 

By:

/S/ John F. Neylan

 

 

John F. Neylan

 

 

Trust Officer

 

 

 

 

 

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The Bank of Nova Scotia Trust Company of New York

 

 

Legal Title of Bank

 

 

 

 

 

New York

 

 

City

 

 

 

 

 

New York

 

10006

 

State

 

Zip Code

 

FDIC Certificate Number /_/_/_/_/_/

 

 

Consolidated Report of Condition for Insured Commercial

and State-Chartered Savings Banks for December 31, 2006

 

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

 

SCHEDULE RC-BALANCE SHEET

 

Dollar Amounts in Thousands

 

RCON

 

Bil

 

Mil

 

Thou

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

1.

Cash and balances due from depository institutions (from Schedule RC-A):

 

 

 

 

 

 

 

 

 

 

 

a.

Noninterest-bearing balances and currency and coin(1)

 

0081

 

 

 

 

 

479

 

1.a.

 

b.

Interest-bearing balances(2)

 

0071

 

 

 

6

 

000

 

1.b.

2.

Securities:

 

 

 

 

 

 

 

 

 

 

 

a.

Held-to-maturity securities (from Schedule RC-B, column A)

 

1754

 

 

 

6

 

741

 

2.a.

 

b.

Available-for-sale securities (from Schedule RC-B, column D)

 

1773

 

 

 

 

 

0

 

2.b.

3.

Federal funds sold and securities purchased under agreement to resell

 

 

 

 

 

 

 

 

 

 

 

a.

Federal Funds sold

 

B987

 

 

 

 

 

0

 

3.a.

 

b.

Securities purchased under agreements to resell(3)

 

B989

 

 

 

1

 

000

 

3.b.

4.

Loans and lease financing receivable (from Schedule RC-C):

 

 

 

 

 

 

 

 

 

 

 

a.

Loans and leases held for sale

 

5369

 

 

 

 

 

0

 

4.a.

 

b.

Loans and leases, net of unearned income

 

B528

 

 

 

 

 

 

 

4.b.

 

c.

LESS: Allowance for loan and lease losses

 

3123

 

 

 

 

 

 

 

4.c.

 

d.

Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

 

B529

 

 

 

 

 

0

 

4.d.

5.

Trading assets (from Schedule RC-D)

 

3545

 

 

 

 

 

0

 

5.

6.

Premises and fixed assets (including capitalized leases)

 

2145

 

 

 

 

 

0

 

6.

7.

Other real estate owned (from Schedule RC-M)

 

2150

 

 

 

 

 

0

 

7.

8.

Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

 

2130

 

 

 

 

 

0

 

8.

9.

Not applicable

 

 

 

 

 

 

 

 

 

 

10.

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

a.

Goodwill

 

3163

 

 

 

 

 

0

 

10.a.

 

b.

Other intangible assets (from Schedule RC-M)

 

0426

 

 

 

 

 

0

 

10.b.

11.

Other assets (from Schedule RC-F)

 

2160

 

 

 

 

 

350

 

11.

12.

Total assets (sum of items 1 through 11)

 

2170

 

 

 

14

 

570

 

12.

 


(1) Includes cash items in process of collection and unposted debits.

(2) Includes time certificates of deposit not held for trading.

(3) Includes all securities resale agreements, regardless of maturity.

 

 

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SCHEDULE RC-CONTINUED

 

Dollar Amounts in Thousands

 

RCON

 

Bil

 

Mil

 

Thou

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

13.

Deposits:

 

 

 

 

 

 

 

 

 

 

 

a.

In domestic offices (sum of totals of columns A and C from Schedule RC-E)

 

2200

 

 

 

 

 

0

 

13.a.

 

 

(1)

Noninterest-bearing(l)

6631

 

 

 

 

 

 

 

 

 

13.a.(1)

 

 

(2)

Interest-bearing

6636

 

 

 

 

 

 

 

 

 

13.a.(2)

 

b.

Not applicable

 

 

 

 

 

 

 

 

 

 

14.

Federal funds purchased and securities sold under agreements to repurchase

 

 

 

 

 

 

 

 

 

 

 

a.

Federal Funds purchased(2)

 

B993

 

 

 

 

 

0

 

14.a.

 

b.

Securities sold under agreements to purchase(3)

 

B995

 

 

 

 

 

0

 

14.b.

15.

Trading liabilities (from Schedule RC-D)

 

3548

 

 

 

 

 

0

 

15.

16.

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)(from Schedule RC-M)

 

3190

 

 

 

 

 

0

 

16.

17.

and 18. Not applicable

 

 

 

 

 

 

 

 

 

 

19.

Subordinated notes and debentures(4)

 

3200

 

 

 

 

 

0

 

19.

20.

Other liabilities (from Schedule RC-G)

 

2930

 

 

 

 

 

449

 

20.

21.

Total liabilities (sum of items 13 through 20)

 

2948

 

 

 

 

 

449

 

21.

22.

Minority interest in consolidated subsidiaries

 

3000

 

 

 

 

 

0

 

22.

EQUITY CAPITAL

 

 

 

 

 

 

 

 

 

 

23.

Perpetual preferred stock and related surplus

 

3838

 

 

 

 

 

0

 

23.

24.

Common stock

 

3230

 

 

 

1

 

000

 

24.

25.

Surplus (exclude all surplus related to preferred stock)

 

3839

 

 

 

10

 

030

 

25.

26.

a.

Retained earnings

 

3632

 

 

 

3

 

091

 

26.a.

 

b.

Accumulated other comprehensive incomes(3)

 

B530

 

 

 

 

 

0

 

26.b.

27.

Other equity capital components(4)

 

A130

 

 

 

 

 

0

 

27.

28.

Total equity capital (sum of items 23 through 27)

 

3210

 

 

 

14

 

121

 

28.

29.

Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)

 

3300

 

 

 

14

 

570

 

29.

 

Memorandum

To be reported with the March Report of Condition.

 

 

 

RCON

 

Number

 

1.

Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed far the bank by independent external auditors as of any date during 2006

 

6724

 

M.1.

 

 

1 =           Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report an the bank

 

2 =           Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

 

3 =           Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm

 

4 =           Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)

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5 =           Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)

 

6 =           Review of the bank’s financial statements by external auditors

 

7 =           Compilation of the bank’s financial statements by external auditors

 

8 =           Other audit procedures (excluding tax preparation work)

 

9 =           No external audit work

 


(1)           Includes total demand deposits and noninterest-bearing time and savings deposits.

 

(2)           Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money”.

 

(3)           Includes all securities repurchase agreements, regardless of maturity.

 

(4)           Includes limited-life preferred stock and related surplus.

 

(5)           Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments.

 

(6)           Includes treasury stock and unearned Employee Stock Ownership Plans

 

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