EX-25.1 29 g10824exv25w1.htm EX-25.1 STATEMENT OF ELIGIBILITY ON FORM T-1 Ex-25.1 Statement of Eligibility on 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)
Vector Group LTD.
(Issuer with respect to the Securities)
     
Delaware   65-0949535
     
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
     
100 S.E Second Street    
Miami, Florida   33131
     
(Address of Principal Executive Offices)   (Zip Code)
11% Senior Secured Notes Due 2015
(Title of the Indenture Securities)
 
 

 

 

                       
 
  Exact Name of                    
  Registrant                    
  Guarantor as           State of     I.R.S. Employer  
  Specified in its     Address     Incorporation or     Identification  
  Charter     and Phone Number     Organization     Number  
 
100 Maple LLC
    c/o Liggett Vector Brands Inc.
3800 Paramount Parkway, Suite 250
PO Box 2010
Morrisville, NC 27560
(919) 990-3500 		    Delaware     65-0960238  
 
Eve Holdings Inc.
    1105 N. Market Street
Suite 617
Wilmington, DE 19801
(305) 579-8000 		    Delaware     56-1703877  
 
Liggett & Myers Holdings Inc.
    100 SE 2nd Street
32nd Floor
Miami, FL 33131
(305) 579-8000 		    Delaware     51-0413146  
 
Liggett & Myers Inc.
    c/o Liggett Vector Brands Inc.
3800 Paramount Parkway, Suite 250
PO Box 2010
Morrisville, NC 27560
(919) 990-3500 		    Delaware     56-1110146  
 
Liggett Group LLC
    c/o Liggett Vector Brands Inc.
3800 Paramount Parkway, Suite 250
PO Box 2010
Morrisville, NC 27560
(919) 990-3500 		    Delaware     56-1702115  
 
Liggett Vector Brands Inc.
    3800 Paramount Parkway,
Suite 250
P.O. Box 2010
Morrisville, NC 27560
(305) 579-8000 		    Delaware     74-3040463  
 
V.T. Aviation LLC
    3800 Paramount Parkway,
Suite 250
P.O. Box 2010
Morrisville, NC 27560
(305) 579-8000 		    Delaware     51-0405537  
 

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  Exact Name of                    
  Registrant                    
  Guarantor as           State of     I.R.S. Employer  
  Specified in its     Address     Incorporation or     Identification  
  Charter     and Phone Number     Organization     Number  
 
Vector Research LLC
    c/o Liggett Vector Brands Inc.
3800 Paramount Parkway, Suite 250
PO Box 2010
Morrisville, NC 27560
(919) 990-3500 		    Delaware     65-1058692  
 
Vector Tobacco Inc.
    c/o Liggett Vector Brands Inc.
3800 Paramount Parkway, Suite 250
PO Box 2010
Morrisville, NC 27560
(919) 990-3500 		    Virginia     54-1814147  
 
VGR Aviation LLC
    3800 Paramount Parkway,
Suite 250
P.O. Box 2010
Morrisville, NC 27560
(305) 579-8000 		    Delaware     65-0949535  
 
VGR Holding LLC
    100 S.E. Second Street
32nd Floor
Miami, Florida 33131
(305) 579-8000 		    Delaware     65-0949536  
 
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.

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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 December 31, 2007 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
 
*   Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
 
**   Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-145601 filed on August 21, 2007.

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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 24th of March, 2008.
         
     
  By:   /s/ Richard Prokosch    
    Richard Prokosch    
    Vice President   
 
         
   
By:   /s/ Raymond Haverstock    
  Raymond Haverstock   
  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: March 24, 2008
         
     
  By:   /s/ Richard Prokosch    
    Richard Prokosch   
    Vice President   
 
         
   
By:   /s/ Raymond Haverstock    
  Raymond Haverstock   
  Vice President   

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 12/31/2007
($000’s)
         
    12/31/2007  
Assets
        
Cash and Balances Due From
   $ 9,024,655  
Depository Institutions
        
Securities
     39,255,677  
Federal Funds
     4,047,600  
Loans & Lease Financing Receivables
     152,471,755  
Fixed Assets
     2,646,126  
Intangible Assets
     11,878,619  
Other Assets
     13,435,071  
 
      
Total Assets
   $ 232,759,503  
 
        
Liabilities
        
Deposits
   $ 138,532,653  
Fed Funds
     13,357,453  
Treasury Demand Notes
     0  
Trading Liabilities
     441,993  
Other Borrowed Money
     42,507,172  
Acceptances
     0  
Subordinated Notes and Debentures
     7,697,466  
Other Liabilities
     7,475,923  
 
      
Total Liabilities
   $ 210,012,660  
 
        
Equity
        
Minority Interest in Subsidiaries
   $ 1,546,263  
Common and Preferred Stock
     18,200  
Surplus
     12,057,586  
Undivided Profits
     9,124,794  
 
      
Total Equity Capital
   $ 22,746,843  
 
        
Total Liabilities and Equity Capital
   $ 232,759,503  
 
        
 
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: March 24, 2008

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