EX-25.1 7 dex251.htm EXHIBIT 25.1 Exhibit 25.1

Exhibit 25.1

 

 

UNITED STATES

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)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

  55402
(Address of principal executive offices)   (Zip Code)

U.S. Bank National Association

Michael C. Daly

200 South Biscayne Blvd. Suite 1870

Miami, FL 33131

(305) 350-1738

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

SBA Communications Corporation

(Exact name of obligor as specified in its charter)

 

Florida   65-0216501

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

5900 Broken Sound Parkway NW

Boca Raton, Florida

  334487
(Address of Principal Executive Offices)   (Zip Code)

Senior Notes

(Title of the Indenture Securities)

 

 

 


FORM T-1

 

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

Washington, D.C.

 

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

Yes

 

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

 

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee.*

 

  2. A copy of the certificate of authority of the Trustee to commence business.*

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

  4. A copy of the existing bylaws of the Trustee.* *

 

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7. Report of Condition of the Trustee as of December 31, 2008 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-145601 filed August 21, 2007

 

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 Miami, State of Florida, on the 3rd of March, 2009.

 

By:  

/s/    Michael C. Daly

  Michael C. Daly
  Vice President

 

By:  

/s/    Timothy P. Miller

  Timothy P. Miller
  Trust Officer

 

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Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: March 3, 2009

 

By:  

/s/    Michael C. Daly

  Michael C. Daly
  Vice President

 

By:  

/s/    Timothy P. Miller

  Timothy P. Miller
  Trust Officer

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 12/31/2008

($000’s)

 

     12/31/2008

Assets

  

Cash and Balances Due From Depository Institutions

   $ 8,077,564

Securities

     37,455,111

Federal Funds

     3,290,350

Loans & Lease Financing Receivables

     180,437,040

Fixed Assets

     4,522,546

Intangible Assets

     12,495,040

Other Assets

     15,497,940
      

Total Assets

   $ 261,775,951

Liabilities

  

Deposits

   $ 171,980,048

Fed Funds

     11,861,941

Treasury Demand Notes

     0

Trading Liabilities

     1,919,265

Other Borrowed Money

     39,187,106

Acceptances

     0

Subordinated Notes and Debentures

     7,329,967

Other Liabilities

     6,647,510
      

Total Liabilities

   $ 238,925,837

Equity

  

Minority Interest in Subsidiaries

   $ 1,664,422

Common and Preferred Stock

     18,200

Surplus

     12,597,620

Undivided Profits

     8,569,512
      

Total Equity Capital

   $ 22,849,754

Total Liabilities and Equity Capital

   $ 261,775,591

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

 

U.S. Bank National Association
By:  

/s/    Timothy P. Miller

  Timothy P. Miller
  Trust Officer

Date: March 3, 2009

 

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