EX-25.1 7 dex251.htm FORM T-1 STATEMENT OF ELIGIBILITY AND QUALIFICATION Form T-1 Statement of Eligibility and Qualification

Exhibit 25.1

 

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)    x

 

LASALLE BANK NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

36-0884183

(I.R.S. Employer

Identification No.)

 

135 South LaSalle Street, Chicago, Illinois 60603

(Address of principal executive offices) (Zip Code)

 

 

Willie J. Miller, Jr.

Group Senior Vice President

Chief Legal Officer and Secretary

Telephone: (312) 904-2018

135 South LaSalle Street, Suite 925

Chicago, Illinois 60603

(Name, address and telephone number of agent for service)

 

 

Chiquita Brands International, Inc.

(Exact name of obligor as specified in its charter)

 

New Jersey   04-1923360

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

 

250 East Fifth Street

Cincinnati, Ohio

   45202
(Address of principal executive offices)   (Zip 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.

 

  1. Comptroller of the Currency, Washington D.C.

 

  2. Federal Deposit Insurance Corporation, Washington, D.C.

 

  3. The Board of Governors of the Federal Reserve Systems, Washington, D.C.

 

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

 

Yes.

 

ITEM 2. AFFILIATIONS WITH THE OBLIGOR AND GUARANTORS.

 

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

 

None.

 

ITEMS 3 THROUGH 15, INCLUSIVE, ARE NOT APPLICABLE BY VIRTUE OF T-1 GENERAL INSTRUCTION B.

 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

ITEM 16. LIST OF EXHIBITS.

 

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

 

  1. A copy of the Articles of Association of LaSalle Bank National Association now in effect. (incorporated herein by reference to Exhibit 1 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  2. A copy of the certificate of authority to commence business (incorporated herein by reference to Exhibit 2 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  3. A copy of the authorization to exercise corporate trust powers (incorporated herein by reference to Exhibit 3 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  4. A copy of the existing By-Laws of LaSalle Bank National Association (incorporated herein by reference to Exhibit 4 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  5. Not applicable.

 

  6. The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939 (incorporated herein by reference to Exhibit 6 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

 

  7. A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

 

  8. Not applicable.

 

  9. Not applicable.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, LaSalle Bank National Association, a corporation 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 Chicago, State of Illinois, on the 4th day of March, 2005.

 

LASALLE BANK NATIONAL ASSOCIATION
By:  

/s/    John W. Porter

    John W. Porter
    Vice President

LaSalle Bank N.A.

                    

135 South LaSalle Street

                    

Chicago, IL 60603

                    
Consolidated Report of Condition for Insured Commercial and
State-Chartered Savings Banks for December 31, 2004

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
ASSETS                       

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

            RCFD          

a.      Noninterest-bearing balances and currency and coin (1)

            0081    1,654,813    l.a

b.      Interest-bearing balances (2)

            0071    21,671    1.b

2.      Securities:

                       

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

            1754    98,557    2.a

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

            1773    21,275,790    2.b

3.      Federal funds sold and securities purchased under agreements to resell

                       

a.      Federal funds sold in domestic offices

            B987    534,180    3.a

b.      Securities purchased under agreements to resell (3)

            B989    1,375,515    3.b

4.      Loans and lease financing receivables (from schedule RC-C)

                       

a.      Loans and leases held for sale

            5369    461,153    4.a

b.      Loans and leases, net of unearned income

   B528   35,922,737               

c.      LESS: Allowance for loan and lease losses

   3123   663,290              4.c

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

            B529    35,259,447    4.d

5.      Trading assets (from Schedule RC-D)

            3545    455,947    5.

6.      Premises and fixed assets (including capitalized leases)

            2145    282,308    6.

7.      Other real estate owned (from Schedule RC-M)

            2150    11,312    7.

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

            2130    0    8.

9.      Customers’ liability to this bank on acceptances outstanding

            2155    19,975    9.

10.    Intangible assets (from Schedule RC-M)

                       

a.      Goodwill

            3163    181,613    10.a

b.      Other Intangible assets

            0426    0    10.b

11.    Other assets (from Schedule RC-F)

            2160    2,102,546    11.

12.    Total assets (sum of items 1 through 11)

            2170    63,734,827    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 in domestic and foreign offers, regardless of maturity.

 

 

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LaSalle Bank N.A.

                    

135 South LaSalle Street

                    

Chicago, IL 60603

                    

 

Schedule RC - Continued

 

             Dollar Amounts in Thousands
LIABILITIES                       

13.    Deposits:

            RCON          

a.      In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)

            2200    30,303,455    13.a
    RCON                   

(1)    Noninterest-bearing (1)

   6631   7,265,226              13.a.1

(2)    Interest-bearing

   6636   23,038,229              13.a.2
             RCFN          

b.      In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, part II)

            2200    7,437,278    13.b
    RCFN                   

(1)    Noninterest-bearing

   6631   0              13.b.1

(2)    Interest-bearing

   6636   7,437,278              13.b.2
             RCON          

14.    Federal funds purchased and securities sold under agreements to repurchase:

                       

a.      Federal funds purchased in domestic offices (2)

            B993    2,192,955    14.a
             RCFD          

b.      Securities sold under agreements to repurchase (3)

            B995    7,102,085    14.b

15.    Trading liabilities (from Schedule RC-D)

            3548    138,932    15

16.    Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases): From schedule RC-M

            3190    8,560,613    16

17.    Not applicable.

                       

18.    Bank’s liability on acceptances executed and outstanding

            2920    19,975    18.

19.    Subordinated notes and debentures (4)

            3200    540,000    19.

20.    Other liabilities (from Schedule RC-G)

            2930    1,955,957    20.

21.    Total liabilities (sum of items 13 through 20)

            2948    58,251,250    21.

22.    Minority Interest in consolidated subsidiaries

            3000    66,678    22.
EQUITY CAPITAL                       
             RCFD          

23.    Perpetual preferred stock and related surplus

            3838    500,000    23.

24.    Common stock

            3230    41,234    24.

25.    Surplus (exclude all surplus related to preferred stock)

            3839    2,010,375    25.

26.    a.     Retained Earnings

            3632    2,558,905    26.a

         b.     Accumulated Other Comprehensive income (5)

            B530    306,385    26.b

27.    Other Equity capital components (6)

            3284    0    27.

28.    Total equity capital (sum of items 23 through 27)

            3210    5,416,899    28.

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

            3300    63,734,827    29.
Memorandum                   
To be reported only with the March Report of Condition.                   

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 for the bank by independent external auditors as of any date during 2001

        RCFD
6724		    Number
N/A		   

 

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 on the bank

   

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

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)

   

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

3  =   Attestation on bank managements assertion on the effectiveness of the with banks internal control over financial reporting by a certified public accounting firm. With generally accepted auditing standards by a certified public accounting firm

   

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 repurchased agreements in domestic and foreign offices, 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, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership plan shares.

 

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