SECURITIES AND EXCHANGE COMMISSION
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)
J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION
| 95-4655078 | ||
| (State of incorporation | (I.R.S. employer | |
| if not a national bank) | identification No.) | |
| 101 California Street, Floor 38 | ||
| San Francisco, California | 94111 | |
| (Address of principal executive offices) | (Zip Code) |
F. Henry Kleschen III
Assistant General Counsel
227 West Monroe Street, Suite 2600
Chicago, IL 60606
Tel: (312) 267-5064
(Name, address and telephone number of agent for service)
Lennar Corporation
(Exact name of obligor as specified in its charter)
| Delaware | 59-1578327 | |
| (State or other jurisdiction of | (I.R.S. employer | |
| incorporation or organization) | identification No.) | |
| 700 N.W. 107th Avenue | ||
| Miami, Florida | 33172 | |
| (Address of principal executive offices) | (Zip Code) |
Senior Floating-Rate Notes
(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, Washington, D.C. Board of Governors of the Federal Reserve System, 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.
No responses are included for Items 3-15 of this Form T-1 because the Obligor is not in default as provided under Item 13.
Item 16. List of Exhibits.
List below all exhibits filed as part of this statement of eligibility.
Exhibit 1.
|
Articles of Association of the Trustee as Now in Effect (see Exhibit 1 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference). | |
Exhibit 2.
|
Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference). | |
Exhibit 3.
|
Authorization of the Trustee to Exercise Corporate Trust Powers (contained in Exhibit 2). | |
Exhibit 4.
|
Existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference). | |
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 |
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, J. P. Morgan Trust Company, National Association, 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 Jacksonville, and State of Florida, on the 7th day of December, 2004.
| J. P. Morgan Trust Company, National Association |
||||
| By | /s/ J. Pope | |||
| J. Pope | ||||
| Authorized Officer | ||||
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EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED BY
SECTION 321(b) OF THE ACT
December 7, 2004
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
In connection with the qualification of an indenture between Lennar Corporation and J.P. Morgan Trust Company, National Association, as trustee, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the reports of examinations of the undersigned, made by Federal or State authorities authorized to make such examinations, may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
| Very truly yours, J.P. Morgan Trust Company, National Association |
||||
| By | /s/ J. Pope | |||
| J. Pope | ||||
| Authorized Officer | ||||
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Exhibit 7. Report of Condition of the Trustee.
| Consolidated Report of Condition of | J.P. Morgan Trust Company, National Association | |||
| (Legal Title) | ||||
as of close of business on
|
September |
J. P. Morgan Trust Company, National Association
Statement of Condition
September 30, 2004
| ($000) | ||||
Assets |
||||
Cash and Due From Banks |
$ | 28,672 | ||
Securities |
145,134 | |||
Loans and Leases |
110,847 | |||
Premises and Fixed Assets |
11,202 | |||
Intangible Assets |
384,284 | |||
Goodwill |
201,011 | |||
Other Assets |
45,941 | |||
Total Assets |
$ | 927,091 | ||
Liabilities |
||||
Deposits |
$ | 94,426 | ||
Other Liabilities |
55,575 | |||
Total Liabilities |
150,001 | |||
Equity Capital |
||||
Common Stock |
600 | |||
Surplus |
701,587 | |||
Retained Earnings |
74,903 | |||
Total Equity Capital |
777,090 | |||
Total Liabilities and Equity Capital |
$ | 927,091 | ||
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