EX-7.4 3 a2239285zex-7_4.htm EX-7.4

Exhibit 7.4

 

 

 

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)

 

 

Canadian Natural Resources Limited

(Exact name of obligor as specified in its charter)

 

Canada

 

N/A

(Province or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

 

 

Suite 2100, 855-2nd Street, S.W.

 

 

Calgary, Alberta

 

 

Canada

 

T2P 4J8

(Address of obligor’s principal executive offices)

 

(Zip code)

 

 

Debt Securities
(Title of the indenture securities)

 

Exact name of Obligor
Guarantor as Specified in its
Charter

 

State or Other Jurisdiction
of Incorporation or
Organization

 

IRS Employer Identification
Number

 

Address and Telephone
Number of Obligator
Guarantor’s Principal
Executive Offices

 

Canadian Natural Resources
Limited

 

Canada

 

N/A

 

Suite 2100, 855-2nd Street,
S.W.
Calgary, Alberta
Canada, T2P 4J8
(403) 517-7345

 

 

 

 

 

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 and Fiduciary Powers 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 dated March 13, 2015 filed with the SEC pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended, with respect to 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 Los Angeles and State of California on the 15th day of July, 2019.

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

/s/ Casey A Boyle

 

Casey A Boyle

 

Assistant Vice President

 

 

EXHIBIT 6

 

July 15, 2019

 

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 therefor.

 

 

Very truly yours,

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

/s/ Casey A Boyle

 

Casey A Boyle

 

Assistant 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 March 31, 2019, 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

 

 

 

$

20,037

 

Interest-bearing balances

 

 

 

127,598

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

144,901

 

Available-for-sale securities

 

 

 

253,334

 

Equity Securities with readily determinable fair value not held for trading

 

 

 

102

 

 

 

 

 

 

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

79

 

Securities purchased under agreements to resell

 

 

 

49,775

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

9,908

 

Loans and leases, net of unearned income

 

909,881

 

 

 

LESS: Allowance for loan and lease losses

 

9,610

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

900,271

 

Trading Assets

 

 

 

42,814

 

Premises and fixed assets (including capitalized leases)

 

 

 

12,085

 

Other real estate owned

 

 

 

417

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

12,801

 

Direct and indirect investments in real estate ventures

 

 

 

256

 

Intangible assets

 

 

 

37,963

 

Other assets

 

 

 

55,428

 

Total assets

 

 

 

$

1,667,769

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

1,266,186

 

Noninterest-bearing

 

389,711

 

 

 

Interest-bearing

 

876,475

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

49,025

 

Noninterest-bearing

 

1,200

 

 

 

Interest-bearing

 

47,825

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

3,953

 

Securities sold under agreements to repurchase

 

 

 

5,380