EX-25.1 4 dex251.htm STATEMENT OF ELIGIBILITY Statement of Eligibility

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

CHECK IF AN APPLICATION

TO DETERMINE ELIGIBILITY OF A TRUSTEE

PURSUANT TO SECTION 305(b)(2)

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

 

UMB BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

44-0201230

(I.R.S. Employer Identification No.)

 

1010 Grand Boulevard, Kansas City, Missouri   64106
(Address of principal executive offices)   (Zip Code)

Anthony Hawkins, Vice President

1010 Grand Boulevard

Kansas City, Missouri 64106

(Name, Address and Telephone Number of agent for service)

 

 

ENTERTAINMENT PROPERTIES TRUST

(Exact name of obligor as specified in its charter)

(See attached table of Additional Obligors)

 

Maryland   43-1790877
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

909 Walnut Street, Suite 200

Kansas City, Missouri

   64106
(Address of principal executive offices)   (Zip Code)

 

 

7.750% Senior Notes due 2020

(Title of the indenture securities)

 

 

 

 

TABLE OF ADDITIONAL OBLIGORS

 

Exact Name of Additional Obligor (1)

   

State or Other Jurisdiction of

Incorporation or Organization

   

I.R.S. Employer

Identification Number

30 West Pershing, LLC

    Missouri    41-2039368

EPT DownREIT II, Inc.

    Missouri    43-1818086

EPT Huntsville, Inc.

    Delaware    20-5717893

Megaplex Four, Inc.

    Missouri    43-1922877

WestCol Center, LLC

    Delaware    43-1928793

EPT Melbourne, Inc.

    Missouri    20-1341980

Crotched Mountain Properties, LLC

    New Hampshire    27-2809246

Education Capital Solutions, LLC

    Delaware    35-2296092

EPR Hialeah, Inc.

    Missouri    30-0197409

EPT 909, Inc.

    Delaware    27-2523665

EPT Crotched Mountain, Inc.

    Missouri    86-1150060

EPT Kalamazoo, Inc.

    Missouri    74-3139121

EPT Mad River, Inc.

    Missouri    86-1150058

EPT Mount Attitash, Inc.

    Delaware    20-8802995

EPT Mount Snow, Inc.

    Delaware    20-8803058

EPT Nineteen, Inc.

    Delaware    27-1455380

EPT Ski Properties, Inc.

    Delaware    26-1336192

EPT Waterparks, Inc.

    Delaware    20-8267442

Megaplex Nine, Inc.

    Missouri    43-1912698

 

(1) The address for each Additional Obligor is 909 Walnut, Suite 200, Kansas City, Missouri 64106. The Primary Standard Industrial Classification Code for each Additional Obligor is 6798.

SENIOR DEBT SECURITIES

 

Item 1. General Information

 

  (a) Name and address of each examining or supervising authority to which the Trustee is subject is as follows:

The Comptroller of the Currency

Mid-Western District

2345 Grand Avenue, Suite 700

Kansas City, Missouri 64108

Federal Reserve Bank of Kansas City

Federal Reserve P.O. Station

Kansas City, Missouri 64198

Supervising Examiner

Federal Deposit Insurance Corporation

720 Olive Street, Suite 2909

St. Louis, Missouri 63101

 

  (b) The Trustee is authorized to exercise corporate trust powers.

 

Item 2. Affiliations with obligor.

The Obligor is not affiliated with the Trustee.

 

Item 3. Voting securities of the Trustee.

NOT APPLICABLE.

 

Item 4. Trusteeships under other indentures.

NOT APPLICABLE

 

Item 5. Interlocking directorates and similar relationships with the obligor or underwriters.

NOT APPLICABLE

 

Item 6. Voting securities of the trustee owned by the obligor or its officials.

NOT APPLICABLE

 

Item 7. Voting securities of the trustee owned by underwriters or their officials.

NOT APPLICABLE

 

Item 8. Securities of the obligor owned or held by the trustee.

NOT APPLICABLE

 

Item 9. Securities of the underwriters owned or held by the trustee.

NOT APPLICABLE

Item 10. Ownership or holdings by the trustee of voting securities of certain affiliates or security holders of the obligor.

NOT APPLICABLE

 

Item 11. Ownership or holdings by the trustee of any securities of a person owning 50 percent or more of the voting securities of the obligor.

NOT APPLICABLE

 

Item 12. Indebtedness of the Obligor to the Trustee.

NOT APPLICABLE

 

Item 13. Defaults of the Obligor.

NOT APPLICABLE

 

Item 14. Affiliations with the Underwriters.

NOT APPLICABLE

 

Item 15. Foreign Trustee.

NOT APPLICABLE

 

Item 16. List of Exhibits

Listed below are all exhibits as a part of this Statement of eligibility and qualification.

 

  1. Articles of Association of the Trustee, as now in effect (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-74008).

 

  2. Certificate of Authority from the Comptroller of the Currency evidencing a change of the corporate title of the Association. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-74008).

 

  3. Certificate from the Comptroller of the Currency evidencing authority to exercise corporate trust powers and a letter evidencing a change of the corporate title of the Association. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-74008).

 

  4. Bylaws, as amended of the Trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-74008).

 

  5. N/A

 

  6. Consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Registration Statement No. 333-74008).

 

  7. Consolidated Report of Condition of the Trustee as of December 31, 2010.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, UMB Bank, National Association, a national bank 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 Kansas City, and State of Missouri, on the 13th day of May, 2011.

 

  UMB BANK, NATIONAL ASSOCIATION
By:   /s/ Mark B. Flannagan
Mark B. Flannagan , Senior Vice President

EXHIBIT 7

Consolidated Report of Condition of the Trustee as of December 31, 2011.

Schedule RC – Balance Sheet

 

              Dollar Amounts in Thousands              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      RCON0081         756,802         1.a   
     b.       Interest-bearing balances 2      RCON0071         757,405         1.b   
2.      Securities      
     a.       Held-to-maturity securities from (Schedule RC-B, column A)      RCON1754         51,784         2.a   
     b.       Available-for-sale securities (from Schedule RC-B, column D)      RCON1773         4,570,505         2.b   
3.      Federal funds sold and securities purchased under agreements to resell      
     a.       Federal funds sold      RCONB987         244,048         3.a   
     b.       Securities purchased under agreements to resell 3      RCONB989         230,946         3.b   
4.      Loans and lease financing receivables (from Schedule RC-C)      
     a.       Loans and leases held for sale      RCON5369         14,413         4.a   
     b.       Loans and leases, net of unearned income      RCONB528         3,710,245         4.b   
     c.       LESS Allowance for loan and lease losses      RCON3123         63,641         4.c   
     d.       Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)        RCONB529         3,646,604         4.d   
5.      Trading assets (from Schedule RC-D)      RCON3545         29,832         5   
6.      Premises and fixed assets (including capitalized leases)      RCON2145         169,621         6   
7.      Other real estate owned (from Schedule RC-M)      RCON2150         4,120         7   
8.      Investments in unconsolidated subsidiaries and associated companies      RCON2130         0         8   
9.      Direct and indirect investments in real estate ventures      RCON3656         0         9   
10.      Intangible assets      
     a.       Goodwill      RCON3163         39,816         10.a   
     b.       Other intangible assets (from Schedule RC-M)      RCON0426         17,838         10.b   
11.      Other assets (from Schedule RC-F)      RCON2160         160,640         11.   
12.      Total assets (sum of items 1 through 11)      RCON2170         10,694,374         12.   

 

1 

Includes cash items in process of collection and unposted debts

2 

Includes time certificates of deposit not held for trading

3 

Includes all securities resale agreements, regardless of maturity

Schedule RC – Continued

 

            Dollar Amounts in Thousands              Bil      Mil      Thou       
LIABILITIES               
13.    Deposits               
   a.    In domestic offices (sum of totals of columns A and C from Schedule RC-E)      RCON2200         7,826,613       13.a
      (1)  Noninterest bearing 1      RCON6631         1,883,529       13.a.(1)
      (2)  Interest-bearing      RCON6636         5,943,084       13.a.(2)
   b.    Not applicable                                       
14.    Federal funds purchased and securities sold under agreements to repurchase               
   a.    Federal funds purchased 2      RCONB993         212,181       14.a
   b.    Securities sold under agreements to repurchase 3      RCONB995         1,847,163       14.b
15.    Trading liabilities (from Schedule RC-D)      RCON3548         0       15
16.    Other borrowed money (includes mortgage indebtedness and obligations under                     
   capitalized leases) (from Schedule RC-M)      RCON3190         37,349       16
17.    Not applicable                     
18.    Not applicable               
19.    Subordinated notes and debentures 4      RCON3200         0       19
20.    Other liabilities (from Schedule RC-G)      RCON2930         91,275       20
21.    Total liabilities (sum of items 13 through 20)      RCON2948         10,014,581       21
22.    Not applicable               
   

EQUITY CAPITAL

               

Bank Equity Capital

               
23.       Perpetual preferred stock and related surplus      RCON3838         0       23
24.       Common stock      RCON3230         20,254       24
25       Surplus (exclude all surplus related to preferred stock)      RCON3839         183,124       25
26                           
   a.    Retained earnings      RCON3632         447,193       26.a
   b.    Accumulated other comprehensive income 5      RCONB530         29,222       26.b
   c.    Other equity capital components 6      RCONA130         0       26.c
27                                             
   a.    Total bank equity capital (sum of items 23 through 26.c)      RCON3210         679,793       27.a
   b.    Noncontrolling (minority) interests in consolidated subsidiaries      RCON3000         0       27.b
28    Total equity capital (sum of items 27.a and 27.b)      RCONG105         679,793       28
29    Total liabilities and equity capital (sum of items 21 and 28)      RCON3300         10,694,374       29

 

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 Plan shares

Schedule RC – Continued

Memorandum

To be reported with the March Report of Condition

 

                Number             

    1.

    Indicate in the box at the right the number of the statement below that best describes the cost comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2009          
      RCON6724          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
  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 general accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)  
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  
 

 

                MM/DD             
     To be reported with the March Report of Condition          

    2

    Bank’s fiscal year-end date    RCON8678          N/A         M.2.