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) |
THE BANK OF NOVA SCOTIA TRUST
COMPANY OF NEW YORK
(Exact name of trustee as specified in its charter)
| New York | 13-5691211 | |
(Jurisdiction of incorporation or organization if not a U.S. national bank) | (I.R.S. employer Identification number) | |
One Liberty Plaza New York, N.Y. | 10006 | |
| (Address of principal executive office) | (Zip code) | |
N/A
Name, address and telephone number of agent for service
CONSOL ENERGY INC
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
(I.R.S. employer identification no.)
CNX Center
1000 CONSOL Energy Drive
Canonsburg, PA 15317-6506
(Address of principal executive offices) (Postal Code)
6.375% Senior Notes due 2021
Guarantees of 6.375%
Senior Notes due 2021
(under Indenture dated March 9, 2011)
| 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. |
Board of Governors of the Federal Reserve System
Washington, D.C.
State of New York Banking Department
State House, Albany, N.Y.
| (b) | Whether it is authorized to exercise corporate trust powers. |
The Trustee is authorized to exercise corporate trust powers.
| Item 2. | Affiliation with the Obligor. |
If the obligor is an affiliate of the trustee, describe each such affiliation.
The obligor is not an affiliate of the Trustee.
Item 3 through Item 15. Not applicable.
| Item 16. | List of Exhibits. |
List below all exhibits filed as part of this statement of eligibility.
| Exhibit 1 | - | Copy of the Organization Certificate of the Trustee as now in effect. (Exhibit 1 to T-1 to Registration Statement No. 333-6688). | ||
| Exhibit 2 | - | Copy of the Certificate of Authority of the Trustee to commerce business. (Exhibit 2 to T-1 to Registration Statement No. 333-6688). | ||
| Exhibit 3 | - | None; authorization to exercise corporate trust powers is contained in the documents identified above as Exhibit 1 and 2. | ||
| Exhibit 4 | - | Copy of the existing By-Laws of the Trustee. (Exhibit 4 to T-1 to Registration Statement No. 333-6688). | ||
| Exhibit 5 | - | Not applicable. | ||
| Exhibit 6 | - | The consent of the Trustee required by Section 321 (b) of the Trust Indenture Act of 1939. (Exhibit 6 to T-1 to Registration Statement No. 333-27685). | ||
| Exhibit 7 | - | Copy of the latest Report of Condition of the Trustee As of June 30, 2011. | ||
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, The Bank of Nova Scotia Trust Company of New York, 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 the 4th day of August, 2011.
THE BANK OF NOVA SCOTIA TRUST COMPANY OF NEW YORK | ||
| By: | /S/ John F. Neylan | |
| John F. Neylan | ||
| Trust Officer | ||
| The Bank of Nova Scotia Trust Company of New York |
Legal Title of Bank |
| New York |
City |
| New York 10006 |
| State Zip Code |
FDIC Certificate Number /_/_/_/_/_/
Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for June 30, 2011
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 | RCON | 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 | 839 | 1.a. | ||||||||||||||||||
b. Interest-bearing balances(2) |
| 0071 | 9 | 000 | 1.b. | |||||||||||||||||
2. Securities: | ||||||||||||||||||||||
a. Held-to-maturity securities (from Schedule RC-B, column A) |
| 1754 | 7 | 264 | 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 agreement to resell |
| 1350 | ||||||||||||||||||||
a. Federal Funds sold |
| B987 | 0 | 3.a. | ||||||||||||||||||
b. Securities purchased under agreements to resell(3) |
| B989 | 0 | 3.b. | ||||||||||||||||||
4. Loans and lease financing receivable (from Schedule RC-C): | ||||||||||||||||||||||
a. Loans and leases held for sale |
| 5369 | 0 | 4.a. | ||||||||||||||||||
b. Loans and leases, net of unearned income | B528 | 4.b. | ||||||||||||||||||||
c. LESS: Allowance for loan and lease losses | 3123 | 4.c. | ||||||||||||||||||||
d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) |
| B529 | 0 | 4.d. | ||||||||||||||||||
5. Trading assets (from Schedule RC-D) |
| 3545 | 0 | 5. | ||||||||||||||||||
6. Premises and fixed assets (including capitalized leases) |
| 2145 | 0 | 6. | ||||||||||||||||||
7. Other real estate owned (from Schedule RC-M) |
| 2150 | 0 | 7. | ||||||||||||||||||
8. Investments in unconsolidated subsidiaries and associated companies (from |
| 2130 | 0 | 8. | ||||||||||||||||||
9.Direct and indirect investments in real estate ventures |
| 2155 | 0 | 9. | ||||||||||||||||||
10. Intangible assets: | ||||||||||||||||||||||
a. Goodwill |
| 3163 | 0 | 10.a. | ||||||||||||||||||
b. Other intangible assets (from Schedule RC-M) |
| 0426 | 0 | 10.b. | ||||||||||||||||||
11. Other assets (from Schedule RC-F) |
| 2160 | 260 | 11. | ||||||||||||||||||
12. Total assets (sum of items 1 through 11) |
| 2170 | 17 | 363 | 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, regardless of maturity. |
SCHEDULE RC-CONTINUED
| Dollar Amounts in Thousands | RCON | Bil | Mil | Thou | ||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||
13. Deposits: | ||||||||||||||||||||||
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E) |
| 2200 | 0 | 13.a. | ||||||||||||||||||
(1) Noninterest-bearing(l) | 6631 | 13.a. | (1) | |||||||||||||||||||
(2) Interest-bearing | 6636 | 13.a. | (2) | |||||||||||||||||||
b. Not applicable | ||||||||||||||||||||||
14. Federal funds purchased and securities sold under agreements to repurchase |
| 2800 | 0 | 14. | ||||||||||||||||||
a. Federal Funds purchased(2) |
| B993 | 0 | 14.a. | ||||||||||||||||||
b. Securities sold under agreements to purchase(3) |
| B995 | 0 | 14.b. | ||||||||||||||||||
15. Trading liabilities (from Schedule RC-D) |
| 3548 | 0 | 15. | ||||||||||||||||||
16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)(from Schedule RC-M) |
| 3190 | 0 | 16. | ||||||||||||||||||
17. and 18. Not applicable |
| |||||||||||||||||||||
19. Subordinated notes and debentures(4) |
| 3200 | 0 | 19. | ||||||||||||||||||
20. Other liabilities (from Schedule RC-G) |
| 2930 | 1 | 894 | 20. | |||||||||||||||||
21. Total liabilities (sum of items 13 through 20) |
| 2948 | 1 | 894 | 21. | |||||||||||||||||
22.Not applicable |
| 0 | ||||||||||||||||||||
EQUITY CAPITAL |
| |||||||||||||||||||||
Bank Equity Capital |
| |||||||||||||||||||||
23. Perpetual preferred stock and related surplus |
| 3838 | 0 | 23. | ||||||||||||||||||
24. Common stock |
| 3230 | 1 | 000 | 24. | |||||||||||||||||
25. Surplus (exclude all surplus related to preferred stock) |
| 3839 | 10 | 030 | 25. | |||||||||||||||||
26. a. Retained earnings |
| 3632 | 4 | 439 | 26.a. | |||||||||||||||||
b. Accumulated other comprehensive income(5) |
| B530 | 0 | 26.b. | ||||||||||||||||||
c. Other equity capital components(6) |
| A130 | 0 | 26.c | ||||||||||||||||||
27. a.Total bank equity capital (sum of items 23 through 26.c) |
| 3210 | 15 | 469 | 27.a. | |||||||||||||||||
b. Noncontrolling (minority) interests in consolidated subsidiaries |
| 3000 | 0 | 27.b. | ||||||||||||||||||
28.Total equity capital (sum of items 27.a through 27.b) |
| 3210 | 15 | 469 | 28. | |||||||||||||||||
29.Total liabilities and equity capital (sum of items 21, and 28) |
| 3300 | 17 | 363 | 29. | |||||||||||||||||
Memorandum
To be reported with the March Report of Condition.
| RCON | 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 2010 | 6724 | M.1. | ||||||
| 1 = | Independent audit of the bank conducted in accordance with generally accepted auditing standards by a 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 = | Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm |
| 4 = | 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) |
| 5 = | Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority) |
| 6 = | Review of the bank’s financial statements by external auditors |
| 7 = | Compilation of the bank’s financial statements by external auditors |
| 8 = | Other audit procedures (excluding tax preparation work) |
| 9 = | No external audit work |
| RCON | MM | DD | ||||
| To be reported with the March Report of Condition. | ||||||
| 2. Bank’s fiscal year-end date | 8678 |
| (1) | Includes total demand deposits and noninterest-bearing time and savings deposits. |
| (2) | Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.” |
| (3) | Includes all securities repurchase agreements, regardless of maturity. |
| (4) | Includes limited-life preferred stock and related surplus. |
| (5) | Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments. |
| (6) | Includes treasury stock and unearned Employee Stock Ownership Plan shares. |