EX-25.1 5 dex251.htm FORM T-1 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)    ¨

 

 

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

(Exact name of trustee as specified in its charter)

 

 

 

N/A   95-3571558

(Jurisdiction 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)

Legal Department

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

One Wall Street, 15th Floor

New York, NY 10286

(212) 635-1270

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

 

 

STANDARD PACIFIC CORP.

(Exact name of obligor as specified in its charter)

(See table of additional co-obligors on following page)

 

Delaware   33-0475989

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. employer

identification no.)

26 Technology Drive

Irvine, California

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

 

 

Debt Securities

(Title of the indenture securities)

 

 

 

 

TABLE OF ADDITIONAL CO-OBLIGORS

 

Name of Co-Obligor

   

Jurisdiction of

Incorporation or

Organization

   

I.R.S. Employer

Identification No.

HSP Arizona, Inc.

    Delaware    86-0927140

HWB Investments, Inc.

    Delaware    27-0019252

Lagoon Valley Residential, LLC

    California    20-2636836

SP Colony Investments, Inc.

    Delaware    74-3044903

SP Coppenbarger Investments, Inc.

    Delaware    20-0340118

Standard Pacific 1, Inc.

    Delaware    20-4356066

Standard Pacific of Arizona, Inc.

    Delaware    86-0927144

Standard Pacific of Central Florida GP, Inc.

    Delaware    74-3044904

Standard Pacific of Central Florida, general partnership

    Florida    74-3044855

Standard Pacific of Colorado, Inc.

    Delaware    94-3361834

Standard Pacific of Jacksonville GP, Inc.

    Delaware    20-0302127

Standard Pacific of Jacksonville, general partnership

    Florida    11-3708719

Standard Pacific of Las Vegas, Inc.

    Delaware    20-2834287

Standard Pacific of Orange County, Inc.

    Delaware    33-0558026

Standard Pacific of Florida GP, Inc.

    Delaware    20-4356126

Standard Pacific of Florida, general partnership

    Florida    26-4786185

Standard Pacific of South Florida GP, Inc.

    Delaware    27-0019247

Standard Pacific of South Florida, general partnership

    Florida    65-0643480

Standard Pacific of Southwest Florida GP, Inc.

    Delaware    74-3066978

Standard Pacific of Southwest Florida, general partnership

    Florida    81-0579292

Standard Pacific of Tampa GP, Inc.

    Delaware    41-2062547

Standard Pacific of Tampa, general partnership

    Florida    81-0579276

Standard Pacific of Texas, Inc.

    Delaware    20-4356880

Standard Pacific of the Carolinas, LLC

    Delaware    59-3483072

Standard Pacific of Tonner Hills, LLC

    Delaware    20-0350714

Standard Pacific of Walnut Hills, Inc.

    Delaware    03-0505710

Westfield Homes USA, Inc.

    Delaware    71-0898386

 

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.

 

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.

 

Item 2. Affiliations with Obligor.

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

None.

 

Item 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 Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed on September 8, 2008 in connection with Registration Statement No. 333-135006)

 

  2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed January 11, 2005 in connection with Registration Statement No. 333-121948).

 

  3. A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed on September 8, 2008 in connection with Registration Statement No. 333-135006).

 

  4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed on September 8, 2008 in connection with Registration Statement No. 333-135006).

 

  6. The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed on September 8, 2008 in connection with Registration Statement No. 333-135006).

 

  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.

 

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon 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 5th day of November, 2010.

 

THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A.

By:  

/s/ Sharon McGrath

Name:   Sharon McGrath
Title:   Vice President

 

EXHIBIT 7

Consolidated Report of Condition of

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

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

At the close of business June 30, 2010, 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

    $ 3,097   

Interest-bearing balances

      1,319   

Securities:

   

Held-to-maturity securities

      12   

Available-for-sale securities

      647,932   

Federal funds sold and securities purchased under agreements to resell:

   

Federal funds sold

      112,000   

Securities purchased under agreements to resell

      0   

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)

      10,065   

Other real estate owned

      0   

Investments in unconsolidated subsidiaries and associated companies

      1   

Direct and indirect investments in real estate ventures

      0   

Not applicable

   

Intangible assets:

   

Goodwill

      856,313   

Other Intangible Assets

      230,506   

Other assets

      161,731   
        

Total assets

    $ 2,022,976   
        

LIABILITIES

   

Deposits:

   

In domestic offices

    $ 559   

Noninterest-bearing

      559   

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)

      268,691   

Not applicable

   

Not applicable

   

Subordinated notes and debentures

      0   

Other liabilities

      216,295   

Total liabilities

      485,545   

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

      412,936   

Accumulated other comprehensive income

      1,975   

Other equity capital components

      0   

Total equity capital

      1,537,431   
        

Total liabilities and equity capital (sum of items 21 and 28)

    $ 2,022,976   
        

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    )