EX-25.1 18 a2072166zex-25_1.htm EXHIBIT 25.1
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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)


U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

180 East Fifth Street
St. Paul, Minnesota
(Address of principal executive offices)
 
55101
(Zip Code)

Frank Leslie
U.S. Bank National Association
180 East Fifth Street
St. Paul, MN 55101
(651) 244-8677
(Name, address and telephone number of agent for service)

RFS PARTNERSHIP, L.P.
RFS 2002 FINANCING, INC.
(Co-Issuers with respect to the Securities)

Tennessee   62-1541639 (RFS Partnership)
Tennessee   42-1530460 (RFS 2002 Financing)
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

 

 

 
850 Ridge Lake Boulevard, Suite 300
Memphis, TN
(Address of Principal Executive Offices)
 
38120
(Zip Code)

9.75% Series B Senior Notes due 2012
(Title of the Indenture Securities)




FORM T-1

 
   
   
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
        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

 

Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16.

 

LIST OF EXHIBITS:
List below all exhibits filed as a part of this statement of eligibility and qualification.

 

 

1.

 

A copy of the Articles of Association of the Trustee.*

 

 

2.

 

A copy of the certificate of authority of the Trustee to commence business.*

 

 

3.

 

A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

 

4.

 

A copy of the existing bylaws of the Trustee.*

 

 

5.

 

A copy of each Indenture referred to in Item 4. Not applicable.

 

 

6.

 

The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

 

7.

 

Report of Condition of the Trustee as of December 31, 2001, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
*
Incorporated by reference to Registration Number 333-67188.

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NOTE

        The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 4th day of March, 2002.

    U.S. BANK NATIONAL ASSOCIATION

 

 

By:

 

/s/  
JULIE EDDINGTON      
Julie Eddington
Assistant Vice President

       

By:   /s/  LORI-ANNE ROSENBERG      
Lori-Anne Rosenberg
Assistant Vice President
       

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Exhibit 6

CONSENT

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: March 4, 2002

    U.S. BANK NATIONAL ASSOCIATION

 

 

By:

 

/s/  
JULIE EDDINGTON      
Julie Eddington
Assistant Vice President

       

By:   /s/  LORI-ANNE ROSENBERG      
Lori-Anne Rosenberg
Assistant Vice President
       

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 12/31/2001

($000's)

 
  12/31/2001
Assets      
  Cash and Due From Depository Institutions   $ 9,775,116
  Federal Reserve Stock     0
  Securities     26,316,516
  Federal Funds     1,261,731
  Loans & Lease Financing Receivables     109,012,892
  Fixed Assets     1,414,464
  Intangible Assets     8,158,687
  Other Assets     6,637,699
   
    Total Assets   $ 162,577,105

Liabilities

 

 

 
  Deposits   $ 104,077,584
  Fed Funds     4,365,180
  Treasury Demand Notes     0
  Trading Liabilities     313,719
  Other Borrowed Money     25,030,765
  Acceptances     201,492
  Subordinated Notes and Debentures     5,348,437
  Other Liabilities     3,894,231
   
  Total Liabilities   $ 143,231,408

Equity

 

 

 
  Minority Interest in Subsidiaries   $ 981,870
  Common and Preferred Stock     18,200
  Surplus     12,068,893
  Undivided Profits     6,276,734
   
    Total Equity Capital   $ 19,345,697

Total Liabilities and Equity Capital

 

$

162,577,105

        To the best of the undersigned's determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association    

 

 

 

 

 

 

 
By:   /s/  JULIE EDDINGTON      
Assistant Vice President
       

Date:    March 4, 2002

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FORM T-1
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