EX-25 6 l17143aexv25.htm EX-25 STATEMENT OF ELIGIBILITY/QUALIFICATION ON FORM T-1 EX-25
 

Exhibit 25
 
 
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)  
 
Richard Prokosch
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3918
(Name, address and telephone number of agent for service)
The Greenbrier Companies, Inc.
(Issuer with respect to the Securities)
           
  Delaware     93-0816972  
  (State or other jurisdiction of incorporation or organization)     (I.R.S. Employer Identification No.)  
 
           
  One Centerpointe Drive, Suite 200
Lake Oswego, Oregon
    97035  
  (Address of Principal Executive Offices)     (Zip Code)  
 
8 3/8% Senior Notes Due 2015
(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 September 30, 2005 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 filed by Revlon Consumer Products Corp., Registration Number 333-128217.

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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 St. Paul, State of Minnesota on the 19th of January, 2006.
         
     
  By:   /s/ Richard Prokosch    
    Richard Prokosch   
    Vice President   
 
         
     
  By:   /s/ Raymond Haverstock    
    Raymond Haverstock   
    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 19, 2006
         
     
  By:   /s/ Richard Prokosch    
    Richard Prokosch   
    Vice President   
 
         
     
  By:   /s/ Raymond Haverstock    
    Raymond Haverstock   
    Vice President   

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2005
($000’s)
         
    9/30/2005  
Assets
       
Cash and Due From Depository Institutions
  $ 6,913,461  
Securities
    41,305,628  
Federal Funds
    3,300,808  
Loans & Lease Financing Receivables
    132,797,940  
Fixed Assets
    1,767,618  
Intangible Assets
    10,366,321  
Other Assets
    10,215,546  
 
     
Total Assets
  $ 206,667,322  
 
       
Liabilities
       
Deposits
  $ 130,337,423  
Fed Funds
    17,257,962  
Treasury Demand Notes
    0  
Trading Liabilities
    176,079  
Other Borrowed Money
    25,506,397  
Acceptances
    85,177  
Subordinated Notes and Debentures
    6,661,982  
Other Liabilities
    5,968,944  
 
     
Total Liabilities
  $ 185,993,964  
 
       
Equity
       
Minority Interest in Subsidiaries
  $ 1,029,440  
Common and Preferred Stock
    18,200  
Surplus
    11,804,040  
Undivided Profits
    7,821,678  
 
     
Total Equity Capital
  $ 20,673,358  
 
       
Total Liabilities and Equity Capital
  $ 206,667,322  
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/ Richard Prokosch    
    Vice President   
       
 
Date: January 19, 2006

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