EXHIBIT 25
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SECURITIES AND EXCHANGE COMMISSION
XXXXXXXXXX, X.X. 00000
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FORM T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION 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. TRUST COMPANY OF TEXAS, N.A.
(Exact name of trustee as specified in its charter)
00-0000000
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
0000 Xxxx Xxx, Xxxxx 0000 00000
Xxxxxx, Xxxxx (Zip Code)
(Address of trustee's
principal executive offices)
Compliance Officer
U.S. Trust Company of Texas, N.A.
0000 Xxxx Xxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
(000) 000-0000
(Name, address and telephone number of agent for service)
_______________
Crown Castle International Corp.
(Exact name of obligor as specified in its charter)
Delaware 00-0000000
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
000 Xxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, XX 00000
(Address of principal executive offices) (Zip Code)
_______________
12 3/4% Senior Subordinated Exchange Debentures due 2010
(Title of the indenture securities)
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GENERAL
1. General Information.
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Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervising authority to which
it is subject.
Federal Reserve Bank of Dallas (11th District), Dallas, Texas
(Board of Governors of the Federal Reserve System) Federal
Deposit Insurance Corporation, Dallas, Texas The Office of the
Comptroller of the Currency, Dallas, Texas
(b) Whether it is authorized to exercise corporate trust powers.
The Trustee is authorized to exercise corporate trust powers.
2. Affiliations with Obligor and Underwriters.
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If the obligor or any underwriter for the obligor is an affiliate of the
Trustee, describe each such affiliation.
None.
3. Voting Securities of the Trustee.
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Furnish the following information as to each class of voting securities of
the Trustee:
As of May 5, 1999
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Col A. Col B.
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Title of Class Amount Outstanding
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Capital Stock - par value $100 per share 5,000 shares
4. Trusteeships under Other Indentures.
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Not Applicable
5. Interlocking Directorates and Similar Relationships with the Obligor or
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Underwriters.
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Not Applicable
6. Voting Securities of the Trustee Owned by the Obligor or its Officials.
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Not Applicable
7. Voting Securities of the Trustee Owned by Underwriters or their Officials.
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Not Applicable
8. Securities of the Obligor Owned or Held by the Trustee.
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Not Applicable
9. Securities of Underwriters Owned or Held by the Trustee.
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Not Applicable
10. Ownership or Holdings by the Trustee of Voting Securities of Certain
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Affiliates or Security Holders of the Obligor.
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Not Applicable
11. Ownership or Holdings by the Trustee of any Securities of a Person Owning
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50 Percent or More of the Voting Securities of the Obligor.
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Not Applicable
12. Indebtedness of the Obligor to the Trustee.
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Not Applicable
13. Defaults by the Obligor.
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Not Applicable
14. Affiliations with the Underwriters.
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Not Applicable
15. Foreign Trustee.
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Not Applicable
16. List of Exhibits.
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T-1.1 - A copy of the Articles of Association of U.S. Trust Company of
Texas, N.A.; incorporated herein by reference to Exhibit T-1.1
filed with Form T-1 Statement, Registration No. 22-21897.
16. (con't.)
T-1.2 - A copy of the certificate of authority of the Trustee to commence
business; incorporated herein by reference to Exhibit T-1.2 filed
with Form T-1 Statement, Registration No. 22-21897.
T-1.3 - A copy of the authorization of the Trustee to exercise corporate
trust powers; incorporated herein by reference to Exhibit T-1.3
filed with Form T-1 Statement, Registration No. 22-21897.
T-1.4 - A copy of the By-laws of the U.S. Trust Company of Texas, N.A.,
as amended to date; incorporated herein by reference to
Exhibit T-1.4 filed with Form T-1 Statement, Registration No. 22-
21897.
T-1.6 - The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939.
T-1.7 - A copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or
examining authority.
NOTE
As of May 5, 1999, the Trustee had 5,000 shares of Capital Stock outstanding,
all of which are owned by U.S. T.L.P.O. Corp. As of May 5, 1999, U.S. T.L.P.O.
Corp. had 35 shares of Capital Stock outstanding, all of which are owned by U.S.
Trust Corporation. U.S. Trust Corporation had outstanding 18,597,534 shares of
$1 par value Common Stock as of May 5, 1999.
The term "Trustee" in Items 2, 5, 6, 7, 8, 9, 10 and 11 refers to each of U.S
Trust Company of Texas, N.A., U.S. T.L.P.O. Corp. and U.S. Trust Corporation.
In as much as this Form T-1 is filed prior to the ascertainment by the Trustee
of all the facts on which to base responsive answers to Items 2, 5, 6, 7, 9, 10
and 11, the answers to said Items are based upon incomplete information. Items
2, 5, 6, 7, 9, 10 and 11 may, however, be considered correct unless amended by
an amendment to this Form T-1.
In answering any items in this Statement of Eligibility and Qualification which
relates to matters peculiarly within the knowledge of the obligors or their
directors or officers, or an underwriter for the obligors, the Trustee has
relied upon information furnished to it by the obligors and will rely on
information to be furnished by the obligors or such underwriter, and the Trustee
disclaims responsibility for the accuracy or completeness of such information.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, U.S
Trust Company of Texas, N.A., a national banking association organized 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 Dallas, and State of Texas on the
5th day of May, 1999.
U.S. Trust Company
of Texas, N.A., Trustee
By: /s/
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Authorized Signatory
Exhibit T-1.6
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of
1939 as amended in connection with the proposed issue of Crown Castle
International Corporation 12 3/4% Senior Subordinated Exchange Debentures due
2010, we hereby consent that reports of examination by Federal, State,
Territorial or District authorities may be furnished by such authorities to the
Securities and Exchange Commission upon request therefore.
U.S. Trust Company of Texas, N.A.
By: /s/
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Authorized Signatory
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Board of Governors of the Federal Reserve System
OMB Number: 7100-0036
Federal Deposit Insurance Corporation
OMB Number: 3064-005
Office of the Comptroller of the Currency
Federal Financial Institutions Examination Council OMB Number: 1557-0081
Expires March 31, 2001
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(1)
Please Refer to Page I,
(LOGO) Table of Contents, for
the required disclosure
of estimated burden.
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CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR A BANK
WITH DOMESTIC OFFICES ONLY AND TOTAL ASSETS OF LESS
THAN $100 MILLION OR MORE BUT LESS THAN $300 MILLION -
- FFIEC 033 (19990331)
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REPORT AT THE CLOSE OF BUSINESS March 31, 1999 (RCRI 9999)
This report is required by law: 12 U.S.C. Section (S) This report form is to be filed by banks with domestic
324 (State member banks); 12 U.S.C. Section (S) 1817 offices only. Banks with branches and consolidated
(State nonmember banks); and 12 U.S.C. Section (S) 161 subsidiaries in U.S. territories and possessions, Edge
(National banks). or Agreement subsidiaries, foreign branches,
consolidated foreign subsidiaries, or International
Banking Facilities must file FFIEC 031.
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NOTE: The Reports of Condition and Income must The Reports of Condition and Income are to be prepared
be signed by an authorized officer and the in accordance with Federal regulatory authority
Report of Condition must be attested to by not instructions. NOTE: these instructions may in some cases
less than two directors (trustees) for State differ from generally accepted accounting principles.
nonmember banks and three directors for State
member and National Banks.
We, the undersigned directors (trustees), attest to the
I, Xxxxxx X. Childs, Managing Director correctness of this Report of Condition (including the
--------------------------------------- supporting schedules) and declare that it has been examined
Name and Title of Officer Authorized by us and to the best of our knowledge and belief has been
to Sign Report prepared in conformance with the instructions issued by the
appropriate Federal regulatory authority and is true and
of the named bank do hereby declare that these correct.
Reports of Condition and Income (including the
supporting schedules) have been prepared in /s/ Xxxxxx X. Xxxxxxx
conformance with the instructions issued by the ----------------------------------
appropriate Federal regulatory authority and are Director (Trustee)
true to the best of my knowledge and belief.
/s/. X. X. More, Jr.
/s/ Xxxxxx X. Childs ----------------------------------
---------------------------------------- Director (Trustee)
Signature of Officer Authorized to Sign Report
/s/. Xxxxxx Xxxxx
April 21, 1999 ----------------------------------
--------------------------------------- Director (Trustee)
Date of Signature
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Submission of Reports
Each bank must prepare its Reports of Condition For electronic filing assistance, contact EDS Call
and Income either: Report Services, 0000 Xxxxx Xxxxxxxx Xxxxxx,
(a) in electronic form and then file the computer data Xxxxxxxxx, XX 00000, telephone (000) 000-0000.
file directly with the banking agencies' collection
agent, Electronic Data Systems Corporation (EDS),
by modem or on computer diskette; or To fulfill the signature and attestation requirement
for the Reports of Condition and Income for this
(b) in hard-copy (paper) form and arrange for another report date, attach this signature page to the hard-
party to convert the paper report to electronic copy record of the completed report that the bank
form. That party (if other than EDS) must transmit places in its files.
the bank's computer data file to EDS.
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FDIC Certificate Number 33217 US Trust Company of Texas, National Association
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(RCRI 9050) Legal Title of Bank (TEXT 9010)
Dallas
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City (TEXT 9130)
TX 75201
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State Abbrev. (TEXT 9200) Zip Code. (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
U.S. Trust Company of Texas, N.A. Call Date: 3/31/1999 State #: 48-6797 XXXXX 000
0000 Xxxx Xxxxxx, Xxxxx 0000 Xxxxxx XX: D Cert #: 33217 RC-1
Xxxxxx, XX 00000 Transit #: 11101765
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9
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR March 31, 1999
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
ASSETS
1. Cash and balances due from depository institutions: RCON
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a. Noninterest-bearing balances and currency and coin (1,2)________________ ______ _______ 0081 1,297 1.a
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b. Interest bearing balances (3)___________________________________________ ______ _______ 0071 696 1.b
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2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A)______________ ______ _______ 1754 0 2.a
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b. Available-for-sale securities (from Schedule RC-B, column D)____________ ______ _______ 1773 131,683 2.b
3. Federal funds sold (4) and securities purchased under agreements to resell: 1350 6,000 3
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4. Loans and lease financing receivables: RCON
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a. Loans and leases, net of unearned income (from Schedule RC-C)___________ 2122 22,709 4.a
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b. LESS: Allowance for loan and lease losses______________________________ 3123 260 4.b
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c. LESS: Allocated transfer risk reserve__________________________________ 3128 0 4.c
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d. Loans and leases, net of unearned income, allowance, and reserve RCON
______ _______ ------ 22,249 4.d
(item 4.a minus 4.b and 4.c)________________________________________________ 2125
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5. Trading assets______________________________________________________________ ______ _______ 3545 0 5.
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6. Premises and fixed assets (including capitalized leases)____________________ ______ _______ 2145 917 6.
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7. Other real estate owned (from Schedule RC-M)________________________________ ______ _______ 2150 0 7.
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8. Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M)________________________________________________________ ______ _______ 2130 0 8.
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9. Customers' liability to this bank on acceptances outstanding________________ ______ _______ 2155 0 9.
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10. Intangible assets (from Schedule RC-M)______________________________________ ______ _______ 2143 1,950 10.
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11. Other assets (from Schedule RC-F)___________________________________________ ______ _______ 2160 2,527 11.
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12. Total assets (sum of items 1 through 11)____________________________________ ______ _______ 2170 167,519 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Included time certificates of deposit not held for trading.
U.S. Trust Company of Texas, N.A. Call Date: 3/31/1999 State #: 48-6797 XXXXX 000
0000 Xxxx Xxxxxx, Xxxxx 0000 Xxxxxx XX: D Cert #: 33217 RC-1
Xxxxxx, XX 00000 Transit #: 11101765
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10
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Schedule RC - Continued
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits: RCON
a. In domestic offices (sum of totals of ---- ------
columns A and C from Schedule RC-E)___________________________________ RCON 2200 141,618 13.a
---- -------
(1) Noninterest-bearing (1)__________________________________________ 6631 8,794 13.a.1
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(2) Interest-bearing ________________________________________________ 6636 132,824 13.a.2
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b. In foreign offices, Edge and Agreement subsidiaries, and IBFs
(1) Noninterest-bearing______________________________________________
(2) Interest-bearing_________________________________________________
14. Federal funds purchased(2) and securities sold under agreements to RCON ------- 14
repurchase ---- 0
2800 -------
15. a. Demand notes issued to the U.S. ------- ------- 2840 0 15.a
Treasury______________________________________________________________
-------
b. Trading liabilities_______________________________________________ ------- ------- 3548 0 15.b
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16. Other borrowed money:
a. With a remaining maturity of one year or ------- ------- 2332 0 16.a
less__________________________________________________________________
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b. With a remaining maturity of more than one year through three ------- ------- A547 2,000 16.b
years_________________________________________________________________ -------
c. With a remaining maturity of more than three ------- ------- A548 1,000 16.c
years_________________________________________________________________
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17. Not applicable
18. Bank's liability on acceptances executed and ------- ------- 2920 0 18.
outstanding__________________________________________________________
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19. Subordinated notes and ------- ------- 3200 0 19.
debentures___________________________________________________________ -------
20. Other liabilities (from Schedule RC-G)_______________________________ ------- ------- 2930 2,317 20.
-------
21. Total liabilities (sum of items 13 through ------- ------- 2948 146,935 21.
20)__________________________________________________________________ -------
22. Not applicable
EQUITY CAPITAL
RCON
23. Perpetual preferred stock and related ----- -------
surplus______________________________________________________________ ------- ------- 3838 7,000 23.
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24. Common stock_________________________________________________________ ------- ------- 3230 500 24.
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25. Surplus (exclude all surplus related to preferred 3839 8,384 25.
stock)_______________________________________________________________ ------- -------
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26. a. Undivided profits and capital 3632 4,406 26.a
reserves_____________________________________________________________ ------- -------
b. Net unrealized holding gains (losses) on available-for-sale 8434 294 26.b
securities___________________________________________________________
27. Cumulative foreign currency translation
adjustments__________________________________________________________ -------
28. Total equity capital (sum of items 23 through 27)____________________ ------- ------- 3210 20,584 28.
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29. Total liabilities and equity capital (sum of items 21 and 28)________ ------- ------- 2257 167,519 29.
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Memorandum
To be reported only with the March Report of Condition. 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 1 M.1
during 1998 ___________________________________ 6724
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1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by certified public accounting firm which
submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified public
accounting firm which submits a report on the consolidated holding company
(but not on the bank separately)
3 = Directors' examination of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
4 = Directors' examination of the bank performed by other external auditors (may
be required by state chartering authority)
5 = Review of the bank's financial statements by external auditors
6 = Compilation of the bank's financial statements by external auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited-life preferred stock and related surplus.
