EX-25.1 6 f50039orexv25w1.htm EXHIBIT 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
 
þ 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
(Jurisdiction of incorporation or
organization if not a U.S. national bank) 		  94-1347393
(I.R.S. Employer
Identification No.)
     
101 North Phillips Avenue
Sioux Falls, South Dakota
(Address of principal executive offices) 		  57104
(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)
 
eBay Inc.
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization) 		  74-0430924
(I.R.S. Employer
Identification No.)
     
2145 Hamilton Avenue
San Jose, CA
(Address of principal executive offices) 		  95125
(Zip code)
 
Debt Securities
(Title of the indenture securities)
 
 

 

 

     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 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 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 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 Los Angeles and State of California on the 17th day of October 2008.
         
 
       
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION    
 
        
 
       /s/ Maddy Hall    
 
       
 
  Maddy Hall    
 
  Vice President    

 

 

EXHIBIT 6
October 17, 2008
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 therefor.
         
 
       
 
  Very truly yours,    
 
        
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION    
 
        
 
              /s/ Maddy Hall    
 
       
 
  Maddy Hall    
 
  Vice President    

 

 

EXHIBIT 7
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 June 30, 2008, 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
           $ 13,596  
Interest-bearing balances
             1,300  
Securities:
                
Held-to-maturity securities
             0  
Available-for-sale securities
             79,851  
Federal funds sold and securities purchased under agreements to resell:
                
Federal funds sold in domestic offices
             16,407  
Securities purchased under agreements to resell
             1,588  
Loans and lease financing receivables:
                
Loans and leases held for sale
             15,750  
Loans and leases, net of unearned income
     312,876          
LESS: Allowance for loan and lease losses
     5,239          
Loans and leases, net of unearned income and allowance
             307,637  
Trading Assets
             7,940  
Premises and fixed assets (including capitalized leases)
             4,226  
Other real estate owned
             898  
Investments in unconsolidated subsidiaries and associated companies
             438  
Intangible assets
                
Goodwill
             10,674  
Other intangible assets
             20,560  
Other assets
             22,462  
 
                
 
              
Total assets
           $ 503,327  
 
              
 
                
LIABILITIES
                
Deposits:
                
In domestic offices
           $ 276,306  
Noninterest-bearing
     68,344          
Interest-bearing
     207,962          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
             66,966  
Noninterest-bearing
     7          
Interest-bearing
     66,959          
Federal funds purchased and securities sold under agreements to repurchase:
                
Federal funds purchased in domestic offices
             8,834  
Securities sold under agreements to repurchase
             5,392  

 

 

                 
            Dollar Amounts  
            In Millions  
Trading liabilities
             6,205  
Other borrowed money
                
(includes mortgage indebtedness and obligations under capitalized leases)
             64,435  
Subordinated notes and debentures
             11,005  
Other liabilities
             20,086  
 
                
 
              
Total liabilities
           $ 459,229  
 
                
Minority interest in consolidated subsidiaries
             156  
 
                
EQUITY CAPITAL
                
Perpetual preferred stock and related surplus
             0  
Common stock
             520  
Surplus (exclude all surplus related to preferred stock)
             27,686  
Retained earnings
             16,159  
Accumulated other comprehensive income
             (423 )
Other equity capital components
             0  
 
                
 
              
Total equity capital
             43,942  
 
                
 
              
Total liabilities, minority interest, and equity capital
           $ 503,327  
 
              
I, Howard I. Atkins, 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.
Howard I. Atkins
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.
         
 
       
Dave Hoyt
        
John Stumpf
  Directors    
Carrie Tolstedt