EX-7.4 7 a2226401zex-7_4.htm EX-7.4
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Exhibit 7.4


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)

WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

A National Banking Association
(Jurisdiction of incorporation or
organization if not a U.S. national bank)

  94-1347393
(I.R.S. Employer
Identification No.)

101 North Phillips Avenue
Sioux Falls, South Dakota

(Address of principal executive offices)

 

57104
(Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608

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



CANADIAN NATURAL RESOURCES LIMITED
(Exact name of Registrant as specified in its charter)

Alberta
(Province or other jurisdiction of
incorporation or organization)

  1311
(Primary Standard Industrial
Classification Code Number
(if applicable))
  Not Applicable
(I.R.S. Employer Identification
Number (if applicable))



Suite 2100, 855 — 2 Street, S.W., Calgary, Alberta, Canada, T2P 4J8
(403) 517-6700
(Address and telephone number of Registrant's principal executive offices)



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.


 


 


 


 


Comptroller of the Currency
Treasury Department
Washington, D.C.
Federal Deposit Insurance Corporation
Washington, D.C.
Federal Reserve Bank of San Francisco
San Francisco, California 94120

 

 

(b)

 

Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.

Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

            None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

        Item 15. Foreign Trustee. Not applicable.

        Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.

  Exhibit 1.   A copy of the Articles of Association of the trustee now in effect.*

  Exhibit 2.   A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.**

  Exhibit 3.   A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.**

  Exhibit 4.   Copy of By-laws of the trustee as now in effect.**

  Exhibit 5.   Not applicable.

  Exhibit 6.   The consent of the trustee required by Section 321(b) of the Act.

  Exhibit 7.   A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

  Exhibit 8.   Not applicable.

  Exhibit 9.   Not applicable.

*
Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784.

**
Incorporated by reference to the exhibit of the same number to the trustee's Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number 333-190926.


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo 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 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 the 29th day of October, 2015.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

/s/ Yana Kislenko                                                                         
Yana Kislenko
Vice President


EXHIBIT 6

October 29, 2015

Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Very truly yours,

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

/s/ Yana Kislenko                                                                         
Yana Kislenko
Vice President



Exhibit 7
Consolidated Report of Condition of

Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business June 30, 2015, filed in accordance with 12 U.S.C. §161 for National Banks.

 
   
  Dollar Amounts
In Millions
 

ASSETS

             

Cash and balances due from depository institutions:

             

Noninterest-bearing balances and currency and coin

        $ 17,464  

Interest-bearing balances

          189,787  

Securities:

             

Held-to-maturity securities

          80,102  

Available-for-sale securities

          233,717  

Federal funds sold and securities purchased under agreements to resell:

             

Federal funds sold in domestic offices

          1,864  

Securities purchased under agreements to resell

          18,746  

Loans and lease financing receivables:

             

Loans and leases held for sale

          20,241  

Loans and leases, net of unearned income

    848,562        

LESS: Allowance for loan and lease losses

    10,493        

Loans and leases, net of unearned income and allowance

          838,069  

Trading Assets

          39,221  

Premises and fixed assets (including capitalized leases)

          7,527  

Other real estate owned

          1,849  

Investments in unconsolidated subsidiaries and associated companies

          855  

Direct and indirect investments in real estate ventures

          0  

Intangible assets

             

Goodwill

          21,627  

Other intangible assets

          17,894  

Other assets

          64,908  

Total assets

        $ 1,553,871  

LIABILITIES

             

Deposits:

             

In domestic offices

        $ 1,086,292  

Noninterest-bearing

    343,725        

Interest-bearing

    742,567        

In foreign offices, Edge and Agreement subsidiaries, and IBFs

          140,792  

Noninterest-bearing

    669        

Interest-bearing

    140,123        

Federal funds purchased and securities sold under agreements to repurchase:

             

Federal funds purchased in domestic offices

          594  

Securities sold under agreements to repurchase

          19,806  

 
   
  Dollar Amounts
In Millions
 

Trading liabilities

          18,515  

Other borrowed money

             

(includes mortgage indebtedness and obligations under capitalized leases)

          89,743  

Subordinated notes and debentures

          16,760  

Other liabilities

          33,801  

Total liabilities

        $ 1,406,303  

EQUITY CAPITAL

             

Perpetual preferred stock and related surplus

          0  

Common stock

          519  

Surplus (exclude all surplus related to preferred stock)

          106,692  

Retained earnings

          36,940  

Accumulated other comprehensive income

          2,986  

Other equity capital components

          0  

Total bank equity capital

          147,137  

Noncontrolling (minority) interests in consolidated subsidiaries

          431  

Total equity capital

          147,568  

Total liabilities, and equity capital

        $ 1,553,871  

I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

    John R. Shrewsberry
Sr. EVP & CFO        

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

    John Stumpf                        Directors
    James Quigley
    Enrique Hernandez, Jr.
   



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SIGNATURE
Exhibit 7 Consolidated Report of Condition of