EX-25.1 20 dex251.htm STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 Statement of Eligibility under the Trust Indenture Act of 1939

EXHIBIT 25.1

CONFORMED COPY

 

 

 

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)

 

 

HSBC Bank USA, National Association

(Exact name of trustee as specified in its charter)

 

 

 

N/A   20-1177241

(Jurisdiction of incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

 

1800 Tyson’s Boulevard, Ste 50

McLean, VA

  22102
(Address of principal executive offices)   (Zip Code)

Kevin T. O’Brien, SVP

HSBC Bank USA, National Association

452 Fifth Avenue

New York, New York 10018-2706

Tel: (212) 525-1311

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

 

 

Meritage Homes Corporation

(Exact name of obligor as specified in its charter)

 

 

 

Maryland     86-0611231

(State or other jurisdiction of

incorporation or organization)

   

(I.R.S. Employer

Identification No.)

 

17851 North 85th Street,

Suite 300 Scottsdale, Arizona

    85255
(Address of principal executive offices)     (Zip Code)

 

 

Meritage Homes Corporation

(Title of Indenture Securities)

 

 

 


General

Item 1. General Information.

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervisory authority to which it is subject.

Comptroller of the Currency, New York, NY.

Federal Deposit Insurance Corporation, Washington, D.C.

Board of Governors of the Federal Reserve System, 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. Not Applicable


Item 16. List of Exhibits

Exhibit

 

T1A(i)   (1)   Copy of the Articles of Association of HSBC Bank USA, National Association.
T1A(ii)   (1)   Certificate of the Comptroller of the Currency dated July 1, 2004 as to the authority of HSBC Bank USA, National Association to commence business.
T1A(iii)   (2)   Certificate of Fiduciary Powers dated August 18, 2004 for HSBC Bank USA, National Association
T1A(iv)   (1)   Copy of the existing By-Laws of HSBC Bank USA, National Association.
T1A(v)     Not applicable.
T1A(vi)   (2)   Consent of HSBC Bank USA, National Association required by Section 321(b) of the Trust Indenture Act of 1939.
T1A(vii)     Copy of the latest report of condition of the trustee (September 30, 2009), published pursuant to law or the requirement of its supervisory or examining authority.
T1A(viii)     Not applicable.
T1A(ix)     Not applicable.

 

(1) Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-118523 and incorporated herein by reference thereto.
(2) Exhibits previously filed with the Securities and Exchange Commission with Registration No. 333-125197 and incorporated herein by reference thereto.


SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, HSBC Bank USA, 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 New York and State of New York on the 19th day of May, 2010.

 

HSBC BANK USA, NATIONAL ASSOCIATION
By:   /s/ Ignazio Tamburello
  Vice President


Exhibit T1A (vii)

 

 

Board of Governors of the Federal Reserve System

OMB Number: 7100-0036

Federal Deposit Insurance Corporation

OMB Number: 3064-0052

Office of the Comptroller of the Currency

OMB Number: 1557-0081

Federal Financial Institutions Examination Council

 

 

Expires March 31, 2009

 

   

Please refer to page i,

Table of Contents, for

the required disclosure

of estimated burden.

 

 

1        

 

Consolidated Reports of Condition and Income for

A Bank With Domestic and Foreign Offices—FFIEC 031

 

Report at the close of business September 30, 2009    (20040630)   
   (RCRI 9999)   

 

This report is required by law; 12 U.S.C. §324 (State member banks); 12 U.S.C. § 1817 (State nonmember banks); and 12 U.S.C. §161 (National banks).

NOTE: The Reports of Condition and Income must be signed by an authorized officer and the Report of Condition must be attested to by not less than two directors (trustees) for State nonmember banks and three directors for State member and National Banks.

 

I,

   Gerard Mattia, CFO
   Name and Title of Officer Authorized to Sign Report

Of the named bank do hereby declare that these Reports of Condition and Income (including the supporting schedules) have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and believe.

 

/s/ Joseph R. Simpson

 
Signature of Officer Authorized to Sign Report  

11/04/2009

 
Date of Signature  

This report form is to be filed by banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities.

The Reports of Condition and Income are to be prepared in accordance with Federal regulatory authority instructions.

We, the undersigned directors (trustees), attest to the correctness of this Report of Condition (including the supporting schedules) 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.

 

/s/ Sal H. Alfieri

  
Director (Trustee)   

/s/ Donald Boswell

  
Director (Trustee)   

/s/ Paul Lawrence

  
Director (Trustee)   

 

 

Submission of Reports

 

Each Bank must prepare its Reports of Condition and Income either:

 

(a) in electronic form and then file the computer data file directly with the banking agencies’ collection agent, Electronic Data System Corporation (EDS), by modem or computer diskette; or

 

b) in hard-copy (paper) form and arrange for another party to convert the paper report to automated for. That party (if other than EDS) must transmit the bank’s computer data file to EDS.

For electronic filing assistance, contact EDS Call report Services, 2150 N. Prospect Ave., Milwaukee, WI 53202, telephone (800) 255-1571.

To fulfill the signature and attestation requirement for the Reports of Condition and Income for this report date, attach this signature page to the hard-copy f the completed report that the bank places in its files.


 

FDIC Certificate Number   5     7     8     9     0     

 

http://WWW.BANKING.US.HSBC.COM

 

Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087)

(Example: www.examplebank.com)

  

HSBC Bank USA, NATIONAL ASSOCIATION

Legal Title of Bank (TEXT 9010)

 

Wilmington

City (TEXT 9130)

 

DE                                                                      19801

State Abbrev. (TEXT 9200)             ZIP Code (TEXT 9220)


Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency

 

REPORT OF CONDITION

 

  

Consolidated domestic subsidiaries

  
HSBC Bank USA, National Association of Buffalo   

Name of Bank                                          City                     

  

in the state of New York, at the close of business September 30, 2009

  
  

 

          Thousands of dollars
ASSETS      

Cash and balances due from depository institutions:

     

a. Non-interest-bearing balances currency and coin

      2,570,556

b. Interest-bearing balances

      17,656,608

Held-to-maturity securities

      2,731,128

Available-for-sale securities

      25,710,388

Federal funds sold and securities purchased under agreements to resell:

     

a. Federal funds sold in domestic offices

      0

b. Securities purchased under agreements to resell

      4,463,048

Loans and lease financing receivables:

     

Loans and leases held for sale

      3,078,970

Loans and leases net of unearned income

   80,652,389   

LESS: Allowance for loan and lease losses

   3,831,446   

Loans and lease, net of unearned income, allowance, and reserve

      76,820,943

Trading assets

      24,855,776

Premises and fixed assets

      531,151

Other real estate owned

      82,463

Investments in unconsolidated subsidiaries

      11,789

Customers’ liability to this bank on acceptances outstanding

      NA

Intangible assets: Goodwill

      2,056,813

Intangible assets: Other intangible assets

      428,791

Other assets

      7,264,450
       

Total assets

      168,262,874
       
LIABILITIES      

Deposits:

     

In domestic offices

      86,634,006

Non-interest-bearing

   17,482,305   

Interest-bearing

   69,151,701   


In foreign offices

      32,221,411

Non-interest-bearing

   1,243,619   

Interest-bearing

   30,977,792   

Federal funds purchased and securities sold under agreements to repurchase:

     

a. Federal funds purchased in domestic offices

      42,100

b. Securities sold under agreements to repurchase

      2,929,258

Trading Liabilities

      10,557,630

Other borrowed money

      10,503,183

Bank’s liability on acceptances

      NA

Subordinated notes and debentures

      4,843,133

Other liabilities

      4,714,369
       

Total liabilities

      152,445,090
       

Minority Interests in consolidated Subsidiaries

      N/A
EQUITY CAPITAL      

Perpetual preferred stock and related surplus

      0

Common Stock

      2,001

Surplus

      15,805,455

Retained earnings

      223,297

Accumulated other comprehensive income

      -213,180

Other equity capital components

      0

Total equity capital

      15,817,784
       

Total liabilities, minority interests and equity capital

      168,262,874