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)

Robert Sussman

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

OLP Forty Development, LLC.    Florida    54-2074198   

15326 Alton Parkway

Irvine, California 92618

Barrington Estates, LLC    Delaware    20-4532769   

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

Lagoon Valley Residential, LLC    California    20-2636836   

15326 Alton Parkway

Irvine, California 92618

 

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SP Ventura Investments, Inc.    Delaware    20-2994482    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 of Texas, 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
Standard Pacific 6, LLC    Delaware    20-4357295    15326 Alton Parkway
Irvine, California 92618

 

3


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 of Tampa, LLC    Delaware    20-4357403    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 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
Westfield Homes USA, Inc.    Delaware    71-0898386    15326 Alton Parkway
Irvine, California 92618

 

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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, 2008.

 

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 December 31, 2007, 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

     14,687

Interest-bearing balances

     0

Securities:

  

Held-to-maturity securities

     43

Available-for-sale securities

     216,332

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold

     23,800

Securities purchased under agreements to resell

     89,400

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)

     12,676

Other real estate owned

     0

Investments in unconsolidated subsidiaries and associated companies

     0

Not applicable Intangible assets:

  

Goodwill

     871,685

Other Intangible Assets

     300,982

Other assets

     152,943

Total assets

   $ 1,682,548

 

1


     Dollar Amounts
in Thousands
LIABILITIES   

Deposits:

  

In domestic offices

   1,628

Noninterest-bearing

   1,628

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)

   193,691

Not applicable

  

Not applicable

  

Subordinated notes and debentures

   0

Other liabilities

   161,803

Total liabilities

   357,122

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)

   1,121,520

Retained earnings

   202,154

Accumulated other comprehensive income

   752

Other equity capital components

   0

Total equity capital

   1,325,426
    

Total liabilities, minority interest, and equity capital

   1,682,548
    

I, Karen Bayz, 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.

Karen Bayz             )             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

   )         

Frank P. Sulzberger, MD

   )    Directors (Trustees)      

William D. Lindelof, VP

   )         

 

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