EX-25.1 19 dex251.htm FORM T-1 STATEMENT OF ELIGIBILITY OF TRUSTEE (2018 NOTES) Form T-1 Statement of Eligibility of Trustee (2018 Notes)

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

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)

 

 

Brocade Communications Systems, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware    77-0409517

(State or other jurisdiction of

incorporation or organization)

   (I.R.S. Employer
Identification No.)

 

Additional Registrants

  

State or Other Jurisdiction of
    Incorporation or Organization    

  

I.R.S. Employer

 Identification No. 

Brocade Communications Systems Skyport LLC

   Delaware    26-3528438

Inrange Technologies Corporation

   Delaware    06-0962862

McDATA Corporation

   Delaware    84-1421844

McDATA Services Corporation

   Minnesota    41-1356476

Strategic Business Systems, Inc.

   Virginia    54-1994992

Foundry Networks, LLC

   Delaware    77-0431154

 

1745 Technology Drive

San Jose, CA

   95110
(Address of principal executive offices)    (Zip code)

 

 

6.625% Senior Secured Note due 2018

(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 June, 2010.

 

   WELLS FARGO BANK, NATIONAL ASSOCIATION   
   /s/Lynn M. Steiner   
  

Lynn M. Steiner

Vice President

  


EXHIBIT 6

June 17, 2010

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/Lynn M. Steiner   
  

Lynn M. Steiner

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, 2010, 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

      $ 16,410

Interest-bearing balances

      44,873

Securities:

     

Held-to-maturity securities

      0

Available-for-sale securities

      140,265

Federal funds sold and securities purchased under agreements to resell:

     

Federal funds sold in domestic offices

      1,091

Securities purchased under agreements to resell

      3,199

Loans and lease financing receivables:

     

Loans and leases held for sale

      25,990

Loans and leases, net of unearned income

   706,137   

LESS: Allowance for loan and lease losses

   21,371   

Loans and leases, net of unearned income and allowance

      684,766

Trading Assets

      29,567

Premises and fixed assets (including capitalized leases)

      8,244

Other real estate owned

      3,758

Investments in unconsolidated subsidiaries and associated companies

      536

Direct and indirect investments in real estate ventures

      121

Intangible assets

     

Goodwill

      21,238

Other intangible assets

      28,750

Other assets

      57,082
       

Total assets

      $1,065,890
       

LIABILITIES

     

Deposits:

     

In domestic offices

      $718,242

Noninterest-bearing

   150,608   

Interest-bearing

   567,634   

In foreign offices, Edge and Agreement subsidiaries, and IBFs

      85,329

Noninterest-bearing

   1,397   

Interest-bearing

   83,932   

Federal funds purchased and securities sold under agreements to repurchase:

     

Federal funds purchased in domestic offices

      5,562

Securities sold under agreements to repurchase

      14,003


     Dollar Amounts
In Millions
    

Trading liabilities

   10,396

Other borrowed money

  

(includes mortgage indebtedness and obligations under capitalized leases)

   55,783

Subordinated notes and debentures

   21,583

Other liabilities

   28,269
    

Total liabilities

   $939,167

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

   0

Common stock

   520

Surplus (exclude all surplus related to preferred stock)

   98,967

Retained earnings

   21,137

Accumulated other comprehensive income

   4,440

Other equity capital components

   0
    

Total bank equity capital

   125,064

Noncontrolling (minority) interests in consolidated subsidiaries

   1,659
    

Total equity capital

   126,723
    

Total liabilities, and equity capital

   $1,065,890
    

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.

 

John Stumpf

   Directors

Carrie Tolstedt

Michael Loughlin