EX-25.1 11 dex251.htm FORM T-1 STATEMENT OF ELIGIBILITY AND QUALIFICATION OF THE TRUSTEE Form T-1 Statement of Eligibility and Qualification of the Trustee

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)

William Bryan Echols

U.S. Bank National Association

1349 West Peachtree St., Suite 1050

Atlanta, GA 30309

(404) 898-8838

(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   (I.R.S. Employer
incorporation or organization)   Identification No.)
1000 Abernathy Road, Suite 1200 Atlanta GA   30328
(Address of Principal Executive Offices)   (Zip Code)

 

 

9.125% Senior Notes due 2019

(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, attached as Exhibit 2.

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

  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, 2010 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 333-166527 filed on May 5, 2010.

 

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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 28th of February, 2011.

 

By:  

/s/ William Bryan Echols

 

William Bryan Echols

Vice President

 

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Exhibit 2

LOGO

 

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Exhibit 3

LOGO

 

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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: February 28, 2011

 

By:  

/s/ William Bryan Echols

  William Bryan Echols
  Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 12/31/2010

($000’s)

 

     12/31/2010  

Assets

  

Cash and Balances Due From Depository Institutions

   $ 14,487,388   

Securities

     51,308,254   

Federal Funds

     4,252,675   

Loans & Lease Financing Receivables

     191,819,118   

Fixed Assets

     5,282,543   

Intangible Assets

     13,055,167   

Other Assets

     22,054,399   
        

Total Assets

   $ 302,259,544   

Liabilities

  

Deposits

   $ 211,417,189   

Fed Funds

     9,951,510   

Treasury Demand Notes

     0   

Trading Liabilities

     524,005   

Other Borrowed Money

     33,939,855   

Acceptances

     0   

Subordinated Notes and Debentures

     7,760,721   

Other Liabilities

     7,839,191   
        

Total Liabilities

   $ 271,432,471   

Equity

  

Minority Interest in Subsidiaries

   $ 1,736,480   

Common and Preferred Stock

     18,200   

Surplus

     14,136,872   

Undivided Profits

     14,935,521   
        

Total Equity Capital

   $ 30,827,073   

Total Liabilities and Equity Capital

   $ 302,259,544   

 

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