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Subdocument 6 - EX-25.1 - EXHIBIT 25.1

SPECTRA ENERGY PARTNERS, LP filed this Form S-3ASR on 9/22/2017


 

Exhibit 25.1

 

 

 

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)

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A National Banking Association   94-1347393
(Jurisdiction of incorporation or   (I.R.S. Employer
organization if not a U.S. national bank)   Identification No.)
101 North Phillips Avenue    
Sioux Falls, South Dakota   57104
(Address of principal executive offices)   (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)

_______________________

 

SPECTRA ENERGY PARTNERS, LP

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   41-2232463
(State or other jurisdiction of   (I.R.S. Employer
incorporation or organization)   Identification Number)

 

5400 Westheimer Court

Houston, Texas 77056

(713) 627-5400

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

 

 

SENIOR DEBT 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 Dallas and State of Texas on the 22nd of September, 2017.

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION
   
  /s/ Patrick T. Giordano 
  Patrick T. Giordano
  Vice President

 

 

 

 

EXHIBIT 6

 

September 22, 2017

 

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 thereof.

 

  Very truly yours,
   
  WELLS FARGO BANK, NATIONAL ASSOCIATION
   
  /s/ Patrick T. Giordano 
  Patrick T. Giordano
  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, 2017, 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      $19,386 
Interest-bearing balances        195,432 
Securities:          
Held-to-maturity securities        140,286 
Available-for-sale securities        240,904 
Federal funds sold and securities purchased under agreements to resell:          
Federal funds sold in domestic offices        72 
Securities purchased under agreements to resell        31,063 
Loans and lease financing receivables:          
Loans and leases held for sale        20,008 
Loans and leases, net of unearned income   928,756      
LESS: Allowance for loan and lease losses   10,281      
Loans and leases, net of unearned income and allowance        918,475 
Trading Assets        44,239 
Premises and fixed assets (including capitalized leases)        7,782 
Other real estate owned        765 
Investments in unconsolidated subsidiaries and associated companies       11,629 
Direct and indirect investments in real estate ventures       294 
Intangible assets          
Goodwill        22,671 
Other intangible assets        16,509 
Other assets        62,422 
           
Total assets       $1,731,937 
           
LIABILITIES          
Deposits:          
In domestic offices       $1,237,791 
Noninterest-bearing   433,623      
Interest-bearing   804,168      
In foreign offices, Edge and Agreement subsidiaries, and IBFs        122,015 
Noninterest-bearing   654      
Interest-bearing   121,361      
Federal funds purchased and securities sold under agreements to repurchase:          
Federal funds purchased in domestic offices        4,026 
Securities sold under agreements to repurchase        7,123 

 

 

 

 

   Dollar Amounts 
   In Millions 
     
Trading liabilities   11,964 
Other borrowed money     
(includes mortgage indebtedness and obligations under capitalized leases)   136,524 
Subordinated notes and debentures   12,952 
Other liabilities   36,121 
      
Total liabilities  $1,568,516 
      
EQUITY CAPITAL     
Perpetual preferred stock and related surplus   0 
Common stock   519 
Surplus (exclude all surplus related to preferred stock)   110,513 
Retained earnings   52,469 
Accumulated other comprehensive income   (470)
Other equity capital components   0 
      
Total bank equity capital   163,031 
Noncontrolling (minority) interests in consolidated subsidiaries   390 
      
Total equity capital   163,421 
      
Total liabilities, and equity capital  $1,731,937 

 

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.

 

Directors  
Enrique Hernandez, Jr  
James Quigley  
Stephen Sanger