EX-7.2 3 a2221261zex-7_2.htm EX. 7.2 FORM T-1
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Exhibit 7.2


UNITED STATES
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)



DEUTSCHE BANK TRUST COMPANY AMERICAS
(formerly BANKERS TRUST COMPANY)
(Exact name of trustee as specified in its charter)

NEW YORK
(Jurisdiction of Incorporation or
organization if not a U.S. national bank)

  13-4941247
(I.R.S. Employer Identification no.)

 

   

60 WALL STREET
NEW YORK, NEW YORK
(Address of principal executive offices)

   
10005
(Zip Code)

Deutsche Bank Trust Company Americas
Attention: Lynne Malina
Legal Department
60 Wall Street, 37th Floor
New York, New York 10005
(212) 250-0677

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



ENBRIDGE INC.

(Exact name of obligor as specified in its charter)

Canada
(Province or Other Jurisdiction
of Incorporation or Organization)

  4923
(Primary Standard Industrial
Classification Code Number (if applicable))
  None
(I.R.S. Employer
Identification Number (if applicable))

3000, 425 - 1st Street S.W.
Calgary, Alberta, Canada T2P 3L8
Telephone Number: (403) 231-3900

(Address and telephone number of
Registrant's principal executive offices)

Chris Kaitson
Enbridge (U.S.) Inc.
1100 Louisiana, Suite 3300
Houston, Texas 77002
Telephone Number: (713) 650-8900

(Name, address, (including zip code) and telephone number (including area code) of agent for service in the United States)

Debt Securities
(Title of the Indenture securities)

   


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.

Name   Address

Federal Reserve Bank (2nd District)

  New York, NY

Federal Deposit Insurance Corporation

  Washington, D.C.

New York State Banking Department

  Albany, NY
    (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.

        Not Applicable

Item 3. -15. Not Applicable

Item 16. List of Exhibits.

Exhibit 1 —

  Restated Organization Certificate of Bankers Trust Company dated August 6, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated September 25, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated December 16, 1998, and Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated February 27, 2002 — Incorporated herein by reference to Exhibit 1 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 2 —

 

Certificate of Authority to commence business — Incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 3 —

 

Authorization of the Trustee to exercise corporate trust powers — Incorporated herein by reference to Exhibit 3 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 4 —

 

Existing By-Laws of Deutsche Bank Trust Company Americas, as amended on April 15, 2002 business — Incorporated herein by reference to Exhibit 4 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 5 —

 

Not applicable.

Exhibit 6 —

 

Consent of Bankers Trust Company required by Section 321(b) of the Act. — business — Incorporated herein by reference to Exhibit 6 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 7 —

 

The latest report of condition of Deutsche Bank Trust Company Americas dated as of June 30, 2014. Copy attached.

Exhibit 8 —

 

Not Applicable.

Exhibit 9 —

 

Not Applicable.



SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Deutsche Bank Trust Company Americas, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on this 3rd day of September, 2014.

  DEUTSCHE BANK TRUST COMPANY AMERICAS

 

By:

 

/s/ CAROL NG


Name: Carol Ng
Title:   Vice President

DEUTSCHE BANK TRUST COMPANY AMERICAS       FFIEC 031
         
Legal Title of Bank           Page 16 of 79
NEW YORK           RC-1
         
City            
NY   10005        
         
State   Zip Code        
FDIC Certificate Number:    00623
       

 

Consolidated Report of Condition for Insured Banks
and Savings Associations for June 30, 2014

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 
   
  Dollar Amounts
in Thousands
  RCFD   Tril -- Bil -- Mil -- Thou    
 
Assets                                
1.   Cash and balances due from depository institutions (from Schedule RC-A):                    
    a. Noninterest-bearing balances and currency and coin(1)     0081     211,000     1.a  
    b. Interest-bearing balances(2)     0071     30,668,000     1.b  
2.   Securities:                                
    a. Held-to-maturity securities (from Schedule RC-B, column A)     1754     0     2.a  
    b. Available-for-sale securities (from Schedule RC-B, column D)     1773     0     2.b  
3.   Federal funds sold and securities purchased under agreements to resell:     RCON              
    a. Federal funds sold in domestic offices     B987     116,000     3.a  
          RCFD              
    b. Securities purchased under agreements to resell(3)     B989     13,202,000     3.b  
4.   Loans and lease financing receivables (from Schedule RC-C):                    
    a. Loans and leases held for sale     5369     0     4.a  
    b. Loans and leases, net of unearned income     B528     18,817,000                 4.b  
    c. LESS: Allowance for loan and lease losses     3123     35,000                 4.c  
    d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)     B529     18,782,000     4.d  
5.   Trading assets (from Schedule RC-D)     3545     136,000     5  
6.   Premises and fixed assets (including capitalized leases)     2145     22,000     6  
7.   Other real estate owned (from Schedule RC-M)     2150     8,000     7  
8.   Investments in unconsolidated subsidiaries and associated companies     2130     0     8  
9.   Direct and indirect investments in real estate ventures     3656     0     9  
10.   Intangible assets:                    
    a. Goodwill     3163     0     10.a  
    b. Other intangible assets (from Schedule RC-M)     0426     43,000     10.b  
11.   Other assets (from Schedule RC-F)     2160     845,000     11  
12.   Total assets (sum of items 1 through 11)     2170     64,033,000     12  

(1)
Includes cash items in process of collection and unposted debits.

(2)
Includes time certificates of deposit not held for trading.

(3)
Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.

DEUTSCHE BANK TRUST COMPANY AMERICAS       FFIEC 031
         
Legal Title of Bank           Page 16a of 79
FDIC Certificate Number:    00623       RC-1a

 

Schedule RC—Continued

 
   
   
  Dollar Amounts
in Thousands
  RCON   Tril -- Bil -- Mil -- Thou    
 
Liabilities                                
13.   Deposits:                    

  a.   In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)     2200     51,006,000     13.a  

      (1) Noninterest-bearing(4)     6631     32,783,000                 13.a.1  

      (2) Interest-bearing     6636     18,223,000                 13.a.2  

  b.   In foreign offices, Edge and Agreement subsidiaries, and IBFs     RCFN              

      (from Schedule RC-E, part II)                                          2200     1,000     13.b  

      (1) Noninterest-bearing     6631     1,000                 13.b.1  

      (2) Interest-bearing     6636     0                 13.b.2  
14.   Federal funds purchased and securities sold under agreements to repurchase:     RCON              

  a.   Federal funds purchased in domestic offices(5)     B993     2,338,000     14.a  
                          RCFD              

  b.   Securities sold under agreements to repurchase(6)     B995     0     14.b  
15.   Trading liabilities (from Schedule RC-D)     3548     26,000     15  
16.   Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
(from Schedule RC-M)
    3190     130,000     16  
  17. and 18. Not applicable
                         

(4)
Includes noninterest-bearing demand, time, and savings deposits.

(5)
Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, "Other borrowed money."

(6)
Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.

DEUTSCHE BANK TRUST COMPANY AMERICAS       FFIEC 031
         
Legal Title of Bank           Page 17 of 79
FDIC Certificate Number:    00623       RC-2

 

 
   
  Dollar Amounts
in Thousands
  RCFD   Tril -- Bil -- Mil -- Thou    
 
Liabilities—Continued                          
19.   Subordinated notes and debentures(1)     3200     0     19  
20.   Other liabilities (from Schedule RC-G)     2930     1,237,000     20  
21.   Total liabilities (sum of items 13 through 20)     2948     54,738,000     21  
22.   Not applicable              

Equity Capital

 

 

 

 

 

 

 

 

 

 

 

 

 
    Bank Equity Captal                                
23.   Perpetual preferred stock and related surplus     3838     0     23  
24.   Common stock     3230     2,127,000     24  
25.   Surplus (excludes all surplus related to preferred stock)     3839     597,000     25  
26.   a. Retained earnings     3632     6,493,000     26.a  
    b. Accumulated other comprehensive income(2)     B530     -33,000     26.b  
    c. Other equity capital components(3)     A130     0     26.c  
27.   a. Total bank equity capital (sum of items 23 through 26.c)     3210     9,184,000     27.a  
    b. Noncontrolling (minority) interests in consolidated subsidiaries     3000     111,000     27.b  
28.   Total equity capital (sum of items 27.a and 27.b)     G105     9,295,000     28  
29.   Total liabilities and equity capital (sum of items 21 and 28)     3300     64,033,000     29  

Memoranda

To be reported with the March Report of Condition.

 
   
   
   
  RCFD   Number    
 
1.   Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2013     6724     N/A     M.1  

 

1 =   Independent audit of the bank conducted in accordance with generally   4 =   Directors' examination of the bank conducted in accordance with
    accepted auditing standards by a certified public accounting firm       generally accepted auditing standards by a certified public
    which submits a report on the bank       accounting firm (may be required by state chartering authority)
2 =   Independent audit of the bank's parent holding company conducted in   5 =   Directors' examination of the bank performed by other external
    accordance with generally accepted auditing standards by a certified       auditors (may be required by state chartering authority)
    public accounting firm which submits a report on the consolidated   6 =   Review of the bank's financial statements by external auditors
    holding company (but not on the bank separately)   7 =   Compilation of the bank's financial statements by external auditors
3 =   Attestation on bank management's assertion on the effectiveness of the bank's   8 =   Other audit procedures (excluding tax preparation work)
    internal control over financial reporting by a certified public accounting firm.   9 =   No external audit work

To be reported with the March Report of Condition.

 
   
   
   
  RCON   MM / DD    
 
2.   Bank's fiscal year-end date     8678     N/A     M.2  

(1)
Includes limited-life preferred stock and related surplus.

(2)
Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and accumulated defined benefit pension and other post retirement plan adjustments.

(3)
Includes treasury stock and unearned Employee Stock Ownership Plan shares.



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