EX-25.1 6 s000588x1_ex25-1.htm EXHIBIT 25.1

 

Exhibit 25.1

 

UNITED STATES
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
organization if not a U.S. national bank)
  (I.R.S. Employer
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)

 

 

 

FLY LEASING LIMITED
(Exact name of obligor as specified in its charter)

 

Bermuda   98-0536376
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)
     
West Pier
Dun Laoghaire
County Dublin, Ireland
   
(Address of principal executive offices)   (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 for Wells Fargo Bank, National Association, dated June 27, 2012.**

 

  Exhibit 3. A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated December 21, 2011.**

 

  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.

 

** 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-3 dated January 23, 2013 of file number 333-186155.

 

*** 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 29th day of July, 2014.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

/s/ Maddy Hall     

Maddy Hall

Vice President

 

 
 

 

EXHIBIT 6

 

July 29, 2014

 

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 March 31, 2014, 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          $19,353 
Interest-bearing balances           196,143 
Securities:             
Held-to-maturity securities           17,662 
Available-for-sale securities           216,158 
Federal funds sold and securities purchased under agreements to resell:             
Federal funds sold in domestic offices           82 
Securities purchased under agreements to resell           19,030 
Loans and lease financing receivables:             
Loans and leases held for sale           11,067 
Loans and leases, net of unearned income    781,182        
LESS: Allowance for loan and lease losses    11,761        
Loans and leases, net of unearned income and allowance           769,421 
Trading Assets           31,189 
Premises and fixed assets (including capitalized leases)           7,485 
Other real estate owned           4,015 
Investments in unconsolidated subsidiaries and associated companies           718 
Direct and indirect investments in real estate ventures           4 
Intangible assets             
Goodwill           21,549 
Other intangible assets           21,474 
Other assets           52,924 
Total assets          $1,388,274 
              
LIABILITIES             
Deposits:             
In domestic offices          $1,010,888 
Noninterest-bearing    274,869        
Interest-bearing    736,019        
In foreign offices, Edge and Agreement subsidiaries, and IBFs           94,353 
Noninterest-bearing    523        
Interest-bearing    93,830        
Federal funds purchased and securities sold under agreements to repurchase:             
Federal funds purchased in domestic offices           10,968 
Securities sold under agreements to repurchase           12,270 
Trading liabilities           13,351 
Other borrowed money             
(includes mortgage indebtedness and obligations under capitalized leases)           59,788 
Subordinated notes and debentures           19,756 
Other liabilities           27,614 
Total liabilities          $1,248,988 
 
 

 

           Dollar Amounts
In Millions
EQUITY CAPITAL             
Perpetual preferred stock and related surplus           0 
Common stock           519 
Surplus (exclude all surplus related to preferred stock)           103,054 
Retained earnings           32,460 
Accumulated other comprehensive income           3,098 
Other equity capital components           0 
Total bank equity capital           139,131 
Noncontrolling (minority) interests in consolidated subsidiaries           155 
Total equity capital           139,286 
Total liabilities, and equity capital          $1,388,274 

 

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.

 

Avid Modjtabai                                                  Directors

Michael Loughlin

John Stumpf