EX-25.1 15 g21823exv25w1.htm EX-25.1 exv25w1
 
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.
 
     
800 Nicollet Mall    
Minneapolis, Minnesota   55402
(Address of principal executive offices)   (Zip Code)
 
Jack Ellerin
U.S. Bank National Association
1349 W. Peachtree Street, Suite 1050
Atlanta, GA 30309
(404) 898-8830
(Name, address and telephone number of agent for service)
 
Beazer Homes USA, Inc.
(Issuer with respect to the Securities)
 
     
DELAWARE   58-2086934
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
 
     
1000 Abernathy Road, Suite 1200 Atlanta GA   30328
(Address of Principal Executive Offices)   (Zip Code)
 
12% Senior Secured Notes
 
 


 

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 September 30, 2009 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
 
 
Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
 
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-159463 filed on August 24, 2009.


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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 Atlanta, State of Georgia on the 21 of January, 2010.
 
  By:   /s/ Jack Ellerin
Jack Ellerin
Vice President
 
By:   /s/ Felicia H. Powell
Felicia H. Powell
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: January 21, 2010
 
  By:   /s/ Jack Ellerin
Jack Ellerin
Vice President
 
By:   /s/ Felicia H. Powell
Felicia H. Powell
Assistant Vice President


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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2009
 
($000’s)
 
         
    9/30/2009  
 
Assets
       
Cash and Balances Due From Depository Institutions
  $ 5,280,939  
Securities
    40,563,378  
Federal Funds
    3,740,525  
Loans & Lease Financing Receivables
    179,125,128  
Fixed Assets
    4,619,442  
Intangible Assets
    12,762,329  
Other Assets
    13,851,241  
         
Total Assets
  $ 259,942,982  
Liabilities
       
Deposits
  $ 180,624,239  
Fed Funds
    10,951,345  
Treasury Demand Notes
    0  
Trading Liabilities
    469,006  
Other Borrowed Money
    28,305,774  
Acceptances
    0  
Subordinated Notes and Debentures
    7,779,967  
Other Liabilities
    6,311,437  
         
Total Liabilities
  $ 234,441,768  
Equity
       
Minority Interest in Subsidiaries
  $ 1,640,987  
Common and Preferred Stock
    18,200  
Surplus
    12,642,020  
Undivided Profits
    11,200,007  
         
Total Equity Capital
  $ 25,501,214  
Total Liabilities and Equity Capital
  $ 259,942,982  
 
 
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/ Jack Ellerin
Vice President
 
Date: January 21, 2010


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