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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
H & E EQUIPMENT SERVICES L.L.C.
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(Exact name of obligor as specified in its charter)
Louisiana 73-1287046
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
H & E FINANCE CORP.
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(Exact name of obligor as specified in its charter)
Delaware 02-0602822
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
11100 Mead Road, Suite 200, Baton Rouge, Louisiana 70816
(Address of principal executive offices) (Zip code)
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GNE INVESTMENTS, INC.
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(Exact name of obligor as specified in its charter)
Washington 91-1561043
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
GREAT NORTHERN EQUIPMENT, INC.
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(Exact name of obligor as specified in its charter)
Montana 81-0448694
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
12 1/2% Senior Subordinated Notes due 2013
(Title of the indenture securities)
-2-
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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.
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Name Address
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Superintendent of Banks of the 2 Rector Street,
State of New York New York, N.Y. 10006, and
Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza,
New York, N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION,
ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
RULE 7a-29 UNDER THE TRUST INDENTURE ACT OF 1939 AND RULE 24 OF THE
COMMISSION'S RULES OF PRACTICE.
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which
contains the authority to commence business and a grant of
powers to exercise corporate trust powers. (Exhibit 1 to
Amendment No.1 to Form T-1, filed with Registration Statement
No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with
Registration Statement No. 33-21672 and Exhibit 1 to Form T-1
filed with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to
Form T-1 filed with Registration Statement No. 33-31019.)
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6. The consent of the Trustee required by Section 321(b) of the
Act. (Exhibit 6 to Form T-1 filed with Registration Statement
No. 33-44051.)
7. A copy of the latest report of condition of the Trustee
published pursuant to law or to the requirements of its
supervising or examining authority.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, The Bank 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 2nd day of August, 2002.
THE BANK OF NEW YORK
By:
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Margaret M. Ciesmelewski
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Vice President
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EXHIBIT 7
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business March 31, 2002,
published in accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
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Dollar Amounts
In Thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin.. $3,765,462
Interest-bearing balances........................... 3,835,061
Securities:
Held-to-maturity securities......................... 1,232,736
Available-for-sale securities....................... 10,522,833
Federal funds sold and Securities purchased under
agreements to resell................................ 1,456,635
Loans and lease financing receivables:
Loans and leases held for sale...................... 801,505
Loans and leases, net of unearned income............ 35,858,070
LESS: Allowance for loan and
lease losses...................................... 608,375
Loans and leases, net of unearned
income and allowance.............................. 35,249,695
Trading Assets......................................... 8,132,696
Premises and fixed assets (including capitalized
leases)............................................. 898,980
Other real estate owned................................ 911
Investments in unconsolidated subsidiaries and
associated companies................................ 220,609
Customers' liability to this bank on acceptances
outstanding......................................... 574,020
Intangible assets......................................
Goodwill............................................ 1,714,761
Other intangible assets............................. 49,213
Other assets........................................... 5,001,308
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Total assets........................................... $73,954,859
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LIABILITIES
Deposits:
In domestic offices................................. $29,175,631
Noninterest-bearing................................. 11,070,277
Interest-bearing.................................... 18,105,354
In foreign offices, Edge and Agreement
subsidiaries, and IBFs............................ 24,596,600
Noninterest-bearing................................. 321,299
Interest-bearing.................................... 24,275,301
Federal funds purchased and securities sold under
agreements to repurchase............................ 1,922,197
Trading liabilities.................................... 1,970,040
Other borrowed money:
(includes mortgage indebtedness and obligations
under capitalized leases)........................... 1,577,518
Bank's liability on acceptances executed and
outstanding......................................... 575,362
Subordinated notes and debentures...................... 1,940,000
Other liabilities...................................... 5,317,831
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Total liabilities...................................... $67,075,179
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EQUITY CAPITAL
Common stock........................................... 1,135,284
Surplus................................................ 1,055,508
Retained earnings...................................... 4,227,287
Accumulated other comprehensive income................. (38,602)
Other equity capital components........................ 0
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Total equity capital................................... 6,379,477
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Total liabilities and equity capital................... $73,954,859
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Thomas J. Mastro,
Senior Vice President and Comptroller
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
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prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true and correct.
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Thomas A. Renyi |
Gerald L. Hassell |
Alan R. Griffith | Directors
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