EX-25.1 47 d82642exv25w1.htm EX-25.1 exv25w1
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)
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
     
A National Banking Association
  94-1347393
(Jurisdiction of incorporation or   (I.R.S. Employer
organization if not a U.S. national bank)   Identification No.)
     
101 North Phillips Avenue    
Sioux Falls, South Dakota   57104
(Address of principal executive offices)   (Zip code)
Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
 
_ WESTMORELAND COAL COMPANY
(exact name of registrant as specified in its charter)
         
Delaware   1221   23-1128670
(State or Other Jurisdiction of Incorporation or Organization)   (Primary Standard Industrial Classification Code Number)   (I.R.S. Employer Identification No.)
(FOR CO-REGISTRANTS, PLEASE SEE “TABLE OF CO-REGISTRANTS”
ON THE FOLLOWING PAGE)
     
    Jennifer S. Grafton
    General Counsel and Secretary
    Westmoreland Coal Company
2 North Cascade Avenue, 2nd Floor   2 North Cascade Avenue, 2nd Floor
Colorado Springs, Colorado 80903   Colorado Springs, Colorado 80903
Telephone: (719) 442-2600   Telephone: (719) 442-2600
(Address, Including Zip Code, and Telephone Number,   (Name, Address, Including Zip Code, and
Including Area Code, of Registrant’s   Telephone Number,
Principal Executive Offices)   Including Area Code, of Agent for Service)
 

10.75% Senior Secured Notes due 2018
(Title of the indenture securities)
 
 

 

 

TABLE OF CO-REGISTRANTS
             
            State or Other
    Primary Standard       Jurisdiction of
    Industrial   I.R.S. Employer   Incorporation or
Exact Name of Co-Registrant as Specified in its Charter   Classification No.   Identification No.   Organization
Westmoreland Partners
   4991   33-0487790   Virginia
Westmoreland Energy LLC.
   4991   61-1409081   Delaware
Westmoreland — North Carolina Power L.L.C.
   4991   20-5102494   Virginia
WEI-Roanoke Valley, Inc.
   4991   23-2544944   Delaware
Westmoreland Roanoke Valley, L.P.
   4991   23-2609738   Delaware
Westmoreland Resources, Inc.
   1221   81-0364990   Delaware
WRI Partners, Inc.
   1221   26-2703697   Delaware
Westmoreland Mining Services, Inc.
   1221   27-2103673   Delaware
Westmoreland Coal Sales Company, Inc.
   1221   23-1701997   Delaware
Westmoreland Power, Inc.
   1221   84-1579965   Delaware
WCC Land Holding Company, Inc.
   1221   27-3965489   Delaware
     Address, including Zip Code, and Telephone Number, including Area Code, of each Co-Registrant’s Principal Executive Offices: 2 North Cascade Avenue, 2nd Floor, Colorado Springs, CO 80903; Telephone: (719) 442-2600
     Name, Address, including Zip Code, and Telephone Number, including Area Code, of each Co-Registrant’s Agent for Service: Jennifer S. Grafton; General Counsel; 2 North Cascade Avenue, 2nd Floor, Colorado Springs, CO 80903; Telephone: (719) 442-2600

 

 

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
Treasury Department
Washington, D.C.
 
      Federal Deposit Insurance Corporation
Washington, D.C.
 
      Federal Reserve Bank of San Francisco
San Francisco, California 94120
 
  (b)   Whether it is authorized to exercise corporate trust powers.
 
      The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.
  None with respect to the trustee.
No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.
Item 15. Foreign Trustee. Not applicable.
Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.
         
 
  Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*
 
        
 
  Exhibit 2.   A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**
 
        
 
  Exhibit 3.   See Exhibit 2
 
        
 
  Exhibit 4.   Copy of By-laws of the trustee as now in effect.***
 
        
 
  Exhibit 5.   Not applicable.
 
        
 
  Exhibit 6.   The consent of the trustee required by Section 321(b) of the Act.
 
        
 
  Exhibit 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.
 
        
 
  Exhibit 8.   Not applicable.
 
        
 
  Exhibit 9.   Not applicable.

 

 

 
*   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.
 
**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.
 
***   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of Penn National Gaming Inc. file number 333-125274.

 

 

SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo 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 Dallas and State of Texas on the 26th day of May, 2011.
         
  WELLS FARGO BANK, NATIONAL ASSOCIATION
 		  
  (SIGNATURE SIGN)    
  Patrick T. Giordano   
  Vice President   

 

 

         
EXHIBIT 6
May 26, 2011
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request thereof.
         
  Very truly yours,


WELLS FARGO BANK, NATIONAL ASSOCIATION
 		  
  (SIGNATURE SIGN)    
  Patrick T. Giordano   
  Vice President   
 

 

 

Exhibit 7
See Attached

 

 

Consolidated Report of Condition of
Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business March 31, 2011, filed in accordance with 12 U.S.C. §161 for National Banks.
                 
            Dollar Amounts  
            In Millions  
ASSETS
                
Cash and balances due from depository institutions:
                
Noninterest-bearing balances and currency and coin
           $ 17,369  
Interest-bearing balances
             74,672  
Securities:
                
Held-to-maturity securities
             0  
Available-for-sale securities
             145,551  
Federal funds sold and securities purchased under agreements to resell:
                
Federal funds sold in domestic offices
             6,481  
Securities purchased under agreements to resell
             10,955  
Loans and lease financing receivables:
                
Loans and leases held for sale
             19,408  
Loans and leases, net of unearned income
     686,307          
LESS: Allowance for loan and lease losses
     18,779          
Loans and leases, net of unearned income and allowance
             667,528  
Trading Assets
             34,595  
Premises and fixed assets (including capitalized leases)
             8,062  
Other real estate owned
             5,290  
Investments in unconsolidated subsidiaries and associated companies
             588  
Direct and indirect investments in real estate ventures
             108  
Intangible assets
                
Goodwill
             20,936  
Other intangible assets
             27,181  
Other assets
             54,306  
 
 
              
Total assets
           $ 1,093,030  
 
              
 
                
LIABILITIES
                
Deposits:
                
In domestic offices
           $ 749,729  
Noninterest-bearing
     171,738          
Interest-bearing
     577,991          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
             93,508  
Noninterest-bearing
     1,895          
Interest-bearing
     91,613          
Federal funds purchased and securities sold under agreements to repurchase:
                
Federal funds purchased in domestic offices
             1,809  
Securities sold under agreements to repurchase
             14,094  

 

 

         
    Dollar Amounts  
    In Millions  
Trading liabilities
     19,802  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
     38,506  
Subordinated notes and debentures
     17,445  
Other liabilities
     32,953  
 
      
 
        
Total liabilities
   $ 967,846  
 
        
EQUITY CAPITAL
        
Perpetual preferred stock and related surplus
     0  
 
      
Common stock
     519  
Surplus (exclude all surplus related to preferred stock)
     98,980  
Retained earnings
     19,029  
Accumulated other comprehensive income
     5,381  
Other equity capital components
     0  
 
      
Total bank equity capital
     123,909  
Noncontrolling (minority) interests in consolidated subsidiaries
     1,275  
 
      
 
        
Total equity capital
     125,184  
 
      
 
        
Total liabilities, and equity capital
   $ 1,093,030  
 
      
I, Timothy J. Sloan, EVP & CFO 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.
Timothy J. Sloan
EVP & CFO     
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 instructions issued by the appropriate Federal regulatory authority and is true and correct.
John Stumpf                                 Directors
Dave Hoyt
Michael Loughlin