EX-25.1 5 dex251.htm STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1 Statement of Eligibility of Trustee on Form T-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) x

 


THE BANK OF NEW YORK TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

Delaware   95-3571558

(State of incorporation

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

700 South Flower Street, Suite 500

Los Angeles, California

  90017
(Address of principal executive offices)   (Zip code)

Mildred Quinones-Holmes

Legal Department

The Bank of New York Trust Company, N.A.

One Wall Street, 29th Floor

New York, NY 10286

(212) 635-1889

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

 


STANDARD PACIFIC CORP.

(Exact name of obligor as specified in its charter)

 

Delaware   33-0475989

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

15326 Alton Parkway

Irvine, California

  92618
(Address of principal executive offices)   (Zip code)

and the Guarantors listed on the next page

 


Debt Securities

and related Guarantees

(Title of the indenture securities)

 



GUARANTORS

 

Exact Name of Obligor as Specified in its Charter

  

State or Other
Jurisdiction of
Incorporation or
Organization

  

IRS Employer
Identification
Number

  

Address of Principal Executive Offices

CH Construction, Inc.    Delaware    20-0340137   

15326 Alton Parkway

Irvine, California 92618

CH Florida, Inc.    Delaware    73-1655648   

15326 Alton Parkway

Irvine, California 92618

Hilltop Residential, Ltd.    Florida    20-4357502   

15326 Alton Parkway

Irvine, California 92618

HSP Arizona, Inc.    Delaware    86-0927140   

15326 Alton Parkway

Irvine, California 92618

HSP Tucson, Inc.    Delaware    20-1372059   

15326 Alton Parkway

Irvine, California 92618

HWB Construction, Inc.    Delaware    27-0019250   

15326 Alton Parkway

Irvine, California 92618

HWB Investments, Inc.    Delaware    27-0019252   

15326 Alton Parkway

Irvine, California 92618

LB/L-Duc II Franceschi, LLC    Delaware    95-4847477   

15326 Alton Parkway

Irvine, California 92618

LMD El Dorado 134, LLC    California    30-0115867   

15326 Alton Parkway

Irvine, California 92618

OLP Forty Development, LLC.    Florida    54-2074198   

15326 Alton Parkway

Irvine, California 92618

Pala Village Investments, Inc.    Delaware    43-1966616   

15326 Alton Parkway

Irvine, California 92618

Residential Acquisition GP, LLC    Florida    20-4357574   

15326 Alton Parkway

Irvine, California 92618

SP Colony Investments, Inc.    Delaware    74-3044903   

15326 Alton Parkway

Irvine, California 92618

SP Coppenbarger Investments, Inc.    Delaware    20-0340118   

15326 Alton Parkway

Irvine, California 92618

SP La Floresta, Inc.    Delaware    20-0480222   

15326 Alton Parkway

Irvine, California 92618

SP Texas Investments, Inc.    Delaware    73-1629264   

15326 Alton Parkway

Irvine, California 92618

 

2


SP Ventura Investments, Inc.    Delaware    20-2994482   

15326 Alton Parkway

Irvine, California 92618

SPLB, Inc.    Delaware    20-2697984   

15326 Alton Parkway

Irvine, California 92618

SPNS Golden Gate LLC    Delaware    33-0549584   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 1, Inc.    Delaware    20-4356066   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 2, Inc.    Delaware    20-4356126   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 3, Inc.    Delaware    20-4356153   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 4, Inc.    Delaware    20-4356269   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 5, Inc.    Delaware    20-4356328   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 6, Inc.    Delaware    20-4356653   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 7, Inc.    Delaware    20-4356698   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 8, Inc.    Delaware    20-4356795   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 9, Inc.    Delaware    20-4356844   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 10, Inc.    Delaware    20-4356880   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 1, LLC    Delaware    20-4357090   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 2, LLC    Delaware    20-4357125   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 3, LLC    Delaware    20-4357154   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 4, LLC    Delaware    20-4357196   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 5, LLC    Delaware    20-4357232   

15326 Alton Parkway

Irvine, California 92618

 

3


Standard Pacific 6, LLC    Delaware    20-4357295   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 7, LLC    Delaware    20-4357332   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 8, LLC    Delaware    20-4357364   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 9, LLC    Delaware    20-4357403   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific 10, LLC    Delaware    20-4357442   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific Active Adult Communities, Inc.    Delaware    33-0919667   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Arizona, Inc.    Delaware    86-0927144   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Central Florida GP, Inc.    Delaware    74-3044904   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Central Florida, general partnership    Florida    74-3044855   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Colorado, Inc.    Delaware    94-3361834   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Fullerton, Inc.    Delaware    33-0702275   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Illinois, Inc.    Delaware    20-3317424   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Jacksonville GP, Inc.    Delaware    20-0302127   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Jacksonville, general partnership    Florida    11-3708719   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Las Vegas, Inc.    Delaware    20-2834287   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Orange County, Inc.    Delaware    33-0558026   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of South Florida GP, Inc.    Delaware    27-0019247   

15326 Alton Parkway

Irvine, California 92618

 

4


Standard Pacific of South Florida, general partnership    Florida    65-0643480   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Southwest Florida GP, Inc.    Delaware    74-3066978   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Southwest Florida, general partnership    Florida    81-0579292   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Tampa GP, Inc.    Delaware    41-2062547   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Tampa, general partnership    Florida    81-0579276   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Texas GP, Inc.    Delaware    26-0038860   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Texas, L.P.    Delaware    33-0489819   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of the Carolinas, LLC    Delaware    59-3483072   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Tonner Hills, LLC    Delaware    20-0350714   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Tucson, Inc.    Delaware    20-1372020   

15326 Alton Parkway

Irvine, California 92618

Standard Pacific of Walnut Hills, Inc.    Delaware    03-0505710   

15326 Alton Parkway

Irvine, California 92618

Walnut Hills Development 268, LLC    California    71-0940169   

15326 Alton Parkway

Irvine, California 92618

Westfield Homes USA, Inc.    Delaware    71-0898386   

15326 Alton Parkway

Irvine, California 92618

 

5


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.

 

Name

  

Address

Comptroller of the Currency – United States Department of the Treasury    Washington, D.C. 20219
Federal Reserve Bank    San Francisco, California 94105
Federal Deposit Insurance Corporation    Washington, D.C. 20429

 

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

Yes.

 

2. Affiliations with Obligors.

If any obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

16. List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

  1. A copy of the articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference).

 

  2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference).

 

  3. A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference).

 

  4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference).

 

  5. Not applicable.

 

  6. The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-121948 which is incorporated by reference).

 

  7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

  8. Not applicable.

 

  9. Not applicable.

 

6


SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 22nd day of February, 2007.

 

THE BANK OF NEW YORK TRUST COMPANY, N.A.
By:   /s/ Sharon K. McGrath
  Sharon K. McGrath
  Vice President

 

7


EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK TRUST COMPANY, N.A.

of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

At the close of business September 30, 2006, published in accordance with Federal regulatory authority instructions.

 

    

Dollar Amounts

in Thousands

ASSETS   

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

     3,188

Interest-bearing balances

     0

Securities:

  

Held-to-maturity securities

     56

Available-for-sale securities

     64,467

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold

     49,000

Securities purchased under agreements to resell

     128,000

Loans and lease financing receivables:

  

Loans and leases held for sale

     0

Loans and leases, net of unearned income

     0

LESS: Allowance for loan and lease losses

     0

Loans and leases, net of unearned income and allowance

     0

Trading assets

     0

Premises and fixed assets (including capitalized leases)

     3,808

Other real estate owned

     0

Investments in unconsolidated subsidiaries and associated companies

     0

Not applicable

  

Intangible assets:

  

Goodwill

     267,486

Other Intangible Assets

     15,230

Other assets

     40,470
      

Total assets

   $ 571,705
      

 

1


LIABILITIES

  

Deposits:

  

In domestic offices

   2,039

Noninterest-bearing

   2,039

Interest-bearing

   0

Not applicable

  

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased

   0

Securities sold under agreements to repurchase

   0

Trading liabilities

   0

Other borrowed money:

  

(includes mortgage indebtedness and obligations under capitalized leases)

   58,000

Not applicable

  

Not applicable

  

Subordinated notes and debentures

   0

Other liabilities

   85,004

Total liabilities

   145,043
    

Minority interest in consolidated subsidiaries

   0

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

   0

Common stock

   1,000

Surplus (exclude all surplus related to preferred stock)

   321,520

Retained earnings

   104,139

Accumulated other comprehensive income

   3

Other equity capital components

   0

Total equity capital

   426,662
    

Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)

   571,705
    

I, William J. Winkelmann, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date 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 belief.

 

William J. Winkelmann )        Vice President

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

 

Michael K. Klugman, President

  )   

Michael F. McFadden, MD

  )    Directors (Trustees)

Frank P. Sulzberger, Vice President

  )   

 

2