STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1 UNDER THE TRUST INDENTURE ACT
Published on July 7, 2010
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 Trustees 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
($000s)
| 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 undersigneds 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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