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)

Steven A. Finklea

U.S. Bank National Association

5555 San Felipe, Suite 1150

Houston, Texas 77056

(713) 235-9208

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

 

 

Clear Channel Worldwide Holdings, Inc.

(Issuer with respect to the Securities)

 

 

 

Nevada   20-2232033
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

200 East Basse Road

San Antonio, Texas

  78209
(Address of Principal Executive Offices)   (Zip Code)

9.25% Series A Senior Notes Due 2017

and

9.25% Series B Senior Notes due 2017

(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 March 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.

 

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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 Houston, State of Texas on the 24th of June, 2010.

 

By:  

/s/ Steven A. Finklea

  Steven A. Finklea
  Vice President

 

By:  

/s/ Brad A. Hounsel

  Brad A. Hounsel
  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: June 24, 2010

 

By:  

/s/ Steven A. Finklea

  Steven A. Finklea
  Vice President

 

By:  

/s/ Brad A. Hounsel

  Brad A. Hounsel
  Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

Exhibit 7

As of 3/31/2010

($000’s)

 

     3/31/2010

Assets

  

Cash and Balances Due From Depository Institutions

   $ 8,396,049

Securities

     45,269,095

Federal Funds

     3,774,651

Loans & Lease Financing Receivables

     180,918,939

Fixed Assets

     5,108,242

Intangible Assets

     13,355,160

Other Assets

     20,687,148
      

Total Assets

   $ 277,509,284

Liabilities

  

Deposits

   $ 194,167,405

Fed Funds

     9,849,249

Treasury Demand Notes

     0

Trading Liabilities

     362,519

Other Borrowed Money

     31,906,386

Acceptances

     0

Subordinated Notes and Debentures

     7,629,967

Other Liabilities

     6,648,045
      

Total Liabilities

   $ 250,563,571

Equity

  

Minority Interest in Subsidiaries

   $ 1,611,596

Common and Preferred Stock

     18,200

Surplus

     12,642,020

Undivided Profits

     12,673,897
      

Total Equity Capital

   $ 26,945,713

Total Liabilities and Equity Capital

   $ 277,509,284

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/ Steven A. Finklea

  Vice President

Date: June 24, 2010

 

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