EX-25.2 8 h39810asexv25w2.htm STATEMENT OF ELIGIBILITY OF TRUSTEE - SUBORDINATED INDENTURE exv25w2
 

Exhibit 25.2
 
 
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)
 
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
     
    13-4994650
(State of incorporation   (I.R.S. employer
if not a national bank)   identification No.)
     
1111 Polaris Parkway    
Columbus, Ohio   43271
(Address of principal executive offices)   (Zip Code)
Robert M. Macallister
Senior Vice President and Associate General Counsel
JPMorgan Chase Bank, National Association
1 Chase Manhattan Plaza
New York, NY 10005-1401
Tel: (212) 552-1716
(Name, address and telephone number of agent for service)
 
Waste Management, Inc.
     
Delaware   73-1309529
(State or other jurisdiction of   (I.R.S. employer
incorporation or organization)   identification No.)
     
1011 Fannin Street, Suite 4000    
Houston, Texas   77002
(Address of principal executive offices)   (Zip Code)
 
Waste Management, Inc. Subordinated Debt Securities
 
 
 

 


 

GENERAL
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.
 
      Board of Governors of the Federal Reserve System, Washington, D.C., 20551
 
      Federal Deposit Insurance Corporation, Washington, D.C., 20429.
  (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.

-2-


 

Item 16. List of Exhibits
     List below all exhibits filed as a part of this Statement of Eligibility.
     1. A copy of the Articles of Association of JPMorgan Chase Bank, N.A. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).
     2. A copy of the Certificate of Authority of the Comptroller of the Currency for the trustee to commence business. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).
     3. None, the authority of the trustee to exercise corporate trust powers being contained in the documents described in Exhibits 1 and 2.
     4. A copy of the existing By-Laws of the Trustee. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).
     5. Not applicable.
     6. The consent of the Trustee required by Section 321(b) of the Act. (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).
     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, JPMorgan Chase Bank, N.A., 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 21st day of September, 2006.
             
    JPMORGAN CHASE BANK, N.A.    
 
           
 
  By   /s/ Mauri J. Cowen    
 
           

-4-


 

Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
JPMorgan Chase Bank, N.A.
of 1111 Polaris Parkway, Columbus, Ohio 43240
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business June 30, 2006, 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 Millions  
ASSETS
       
Cash and balances due from depository institutions:
       
Noninterest-bearing balances and currency and coin
  $ 37,066  
Interest-bearing balances
    14,740  
Securities:
       
Held to maturity securities
    67  
Available for sale securities
    66,616  
Federal funds sold and securities purchased under agreements to resell:
       
Federal funds sold in domestic offices
    18,725  
Securities purchased under agreements to resell
    237,104  
Loans and lease financing receivables:
       
Loans and leases held for sale
    35,958  
Loans and leases, net of unearned income
  $ 365,437  
Less: Allowance for loan and lease losses
    4,964  
Loans and leases, net of unearned income and allowance
    360,473  
Trading Assets
    279,208  
Premises and fixed assets (including capitalized leases)
    8,083  
Other real estate owned
    352  
Investments in unconsolidated subsidiaries and associated companies
    1,886  
Intangible assets:
       
Goodwill
    23,781  
Other Intangible assets
    12,270  
Other assets
    48,351  
TOTAL ASSETS
  $ 1,144,680  
 
     

 


 

         
    Dollar Amounts  
    in Millions  
LIABILITIES
       
Deposits
       
In domestic offices
  $ 434,752  
Noninterest-bearing
  $ 139,460  
Interest-bearing
    295,292  
In foreign offices, Edge and Agreement subsidiaries and IBF’s
    193,840  
Noninterest-bearing
  $ 7,517  
Interest-bearing
    186,323  
 
       
Federal funds purchased and securities sold under agree- ments to repurchase:
       
Federal funds purchased in domestic offices
    12,310  
Securities sold under agreements to repurchase
    150,835  
Trading liabilities
    129,826  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
    64,158  
Subordinated notes and debentures
    19,637  
Other liabilities
    47,250  
TOTAL LIABILITIES
    1,052,608  
Minority Interest in consolidated subsidiaries
    2,710  
 
       
EQUITY CAPITAL
       
 
       
Perpetual preferred stock and related surplus
    0  
Common stock
    1,785  
Surplus (exclude all surplus related to preferred stock)
    59,486  
Retained earnings
    29,194  
Accumulated other comprehensive income
    (1,103 )
Other equity capital components
    0  
TOTAL EQUITY CAPITAL
    89,362  
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL
    1,144,680  
 
     
I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
JOSEPH L. SCLAFANI
We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the in- structions issued by the appropriate Federal regulatory authority and is true and correct.
             
 
  WILLIAM B. HARRISON , JR.)        
 
  JAMES DIMON                         )   DIRECTORS    
 
  MICHAEL J. CAVANAGH      )