EX-25.A 7 dex25a.htm FORM T-1 Form T-1

EXHIBIT 25(a)

 

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 NEW YORK

(Exact name of trustee as specified in its charter)

 

New York   13-5160382

(State of incorporation

if not a U.S. national bank)

  

(I.R.S. employer

identification no.)

One Wall Street, New York, N.Y.   10286
(Address of principal executive offices)   (Zip code)

 

 

United Rentals (North America), Inc.

(Exact name of obligor as specified in its charter)

 

Delaware   06-1493538

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. employer

identification no.)

 

United Rentals, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware   06-1522496

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. employer

identification no.)

Five Greenwich Office Park

Greenwich, Connecticut

   06830
(Address of principal executive offices)   (Zip code)

 

 

1-7/8% Convertible Senior Subordinated Notes due October 15, 2023

(Title of the indenture securities)

 

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.

 

Name

  

Address

Superintendent of Banks of the State of New York   2 Rector Street, New York, N.Y. 10006, and Albany, N.Y. 12203
Federal Reserve Bank of New York   33 Liberty Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation   Washington, D.C. 20429
New York Clearing House Association   New York, New York 10005

 

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

 

Yes.

 

2. Affiliations with Obligor.

 

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

 

None.

 

16. List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

  1. A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.)

 

  4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.)

 

  6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)

 

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

 

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SIGNATURE

 

Pursuant to the requirements of the Act, the Trustee, The Bank 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 5th day of January, 2004.

 

THE BANK OF NEW YORK
By:   /S/    ROBERT A. MASSIMILLO        
 

Name:

   ROBERT A. MASSIMILLO

Title:

   VICE PRESIDENT

 

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Exhibit 7

 

Consolidated Report of Condition of

 

THE BANK OF NEW YORK

 

of One Wall Street, New York, N.Y. 10286

And Foreign and Domestic Subsidiaries,

 

a member of the Federal Reserve System, at the close of business September 30, 2003, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

          Dollar Amounts
In Thousands

ASSETS

            

Cash and balances due from depository institutions:

            

Noninterest-bearing balances and currency and coin

         $ 3,688,426

Interest-bearing balances

           4,380,259

Securities:

            

Held-to-maturity securities

           270,396

Available-for-sale securities

           21,509,356

Federal funds sold in domestic offices

           1,269,945

Securities purchased under agreements to resell

           5,320,737

Loans and lease financing receivables:

            

Loans and leases held for sale

           629,178

Loans and leases, net of unearned income

    38,241,326       

LESS: Allowance for loan and lease losses

    813,502       

Loans and leases, net of unearned income and allowance

           37,427,824

Trading Assets

           6,323,529

Premises and fixed assets (including capitalized leases)

           938,488

Other real estate owned

           431

Investments in unconsolidated subsidiaries and associated companies

           256,230

Customers’ liability to this bank on acceptances outstanding

           191,307

Intangible assets

            

Goodwill

           2,562,478

Other intangible assets

           798,536

Other assets

           6,636,012
         

Total assets

         $ 92,203,132
         

 

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LIABILITIES

            

Deposits:

            

In domestic offices

         $ 35,637,801

Noninterest-bearing

    15,795,823       

Interest-bearing

    19,841,978       

In foreign offices, Edge and Agreement subsidiaries, and IBFs

           23,759,599

Noninterest-bearing

    599,397       

Interest-bearing

    23,160,202       

Federal funds purchased in domestic offices

           464,907

Securities sold under agreements to repurchase

           693,638

Trading liabilities

           2,634,445

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)

           11,168,402

Bank’s liability on acceptances executed and outstanding

           193,690

Subordinated notes and debentures

           2,390,000

Other liabilities

           6,573,955

Total liabilities

         $ 83,516,437
         

Minority interest in consolidated subsidiaries

           519,418
         

EQUITY CAPITAL

            

Perpetual preferred stock and related surplus

           0

Common stock

           1,135,284

Surplus

           2,057,234

Retained earnings

           4,892,597

Accumulated other comprehensive income

           82,162

Other equity capital components

           0

Total equity capital

           8,167,277
         

Total liabilities minority interest and equity capital

         $ 92,203,132
         

 

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I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Thomas J. Mastro,                    

Senior Vice President and Comptroller                    

 

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.

 

Thomas A. Renyi

Gerald L. Hassell

Alan R. Griffith

   Directors

 

 

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