EX-25.1 7 dex251.htm FORM T-1 Form T-1

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)

 


 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

   55402
(Address of principal executive offices)    (Zip Code)

 

Richard Prokosch

U.S. Bank National Association

60 Livingston Avenue

St. Paul, MN 55107

(651) 495-3918

(Name, address and telephone number of agent for service)

 

Inergy, L.P.

Inergy Finance Corp.

(Issuer with respect to the Securities)

 

Delaware

Delaware

  

43-1918951

20-1647744

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

 

Two Brush Creek, Boulevard

Suite 200

Kansas City, Missouri

   64112
(Address of Principal Executive Offices)    (Zip Code)

 

6.875% Senior Notes Due 2014

(Title of the Indenture Securities)

 



FORM T-1

 

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.

 

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

 

Yes

 

Item 2.    AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

 

None

 

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee.*

 

  2. A copy of the certificate of authority of the Trustee to commence business.*

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

  4. A copy of the existing bylaws of the Trustee.*

 

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7. Report of Condition of the Trustee as of March 31, 2005 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Registration Number 333-67188.

 

 

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NOTE

 

The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 19th of July, 2005.

 

By:

  /s/ Richard Prokosch
    Richard Prokosch
   

Vice President

 

By:

  /s/ Benjamin J. Krueger
    Benjamin J. Krueger
    Assistant Vice President

 

 

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Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Dated: July 19, 2005

 

 
By:  

/s/ Richard Prokosch

   

Richard Prokosch

Vice President

 

 

By:

 

/s/ Benjamin J. Krueger

   

Benjamin J. Krueger

Assistant Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2005

 

($000’s)

 

     3/31/2005

Assets

      

Cash and Due From Depository Institutions

   $ 8,894,661

Federal Reserve Stock

     0

Securities

     42,846,194

Federal Funds

     2,861,316

Loans & Lease Financing Receivables

     125,284,459

Fixed Assets

     1,780,370

Intangible Assets

     10,263,150

Other Assets

     8,917,028

Total Assets

   $ 197,847,178
    

Liabilities

      

Deposits

   $ 126,268,324

Fed Funds

     10,290,860

Treasury Demand Notes

     0

Trading Liabilities

     144,277

Other Borrowed Money

     27,701,315

Acceptances

     91,307

Subordinated Notes and Debentures

     6,814,193

Other Liabilities

     6,028,535

Total Liabilities

   $ 177,338,811
    

Equity

      

Minority Interest in Subsidiaries

   $ 1,022,821

Common and Preferred Stock

     18,200

Surplus

     11,792,288

Undivided Profits

     7,675,058
    

Total Equity Capital

   $ 20,508,367

Total Liabilities and Equity Capital

   $ 197,847,178

 


To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

 

U.S. Bank National Association

 

By:

 

/s/ Richard Prokosch


   

Vice President

 

Date: July 19, 2005

 

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