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Cray Inc – ‘S-3’ on 3/4/05 – EX-25.1

On: Friday, 3/4/05, at 6:03am ET · Accession #: 950124-5-1253 · File #: 333-123135

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/04/05  Cray Inc                          S-3                    3:431K                                   Bowne - Bde

Registration Statement for Securities Offered Pursuant to a Transaction — Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Registration Statement for Securities Offered       HTML    392K 
                          Pursuant to a Transaction                              
 2: EX-5.1      Opinion re: Legality                                   2      9K 
 3: EX-25.1     Statement re: Eligibility of Trustee                   6     23K

EX-25.1 — Statement re: Eligibility of Trustee

EX-25.1 1st Page of 6 TOC ↑Top Previous Next ↓Bottom Just 1st
EXHIBIT 25.1

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 TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

95-3571558
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)

700 South Flower Street
Suite 500
Los Angeles, California 90017
(Address of principal executive offices) (Zip code)

---------------------------
CRAY INC.
(Exact name of obligor as specified in its charter)

Washington 93-0962605
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

411 First Avenue South, Suite 600
Seattle, Washington 98104-2860
(Address of principal executive offices) (Zip code)

---------------------------

3.0% Convertible Senior Subordinated Notes due 2024
(Title of the indenture securities)

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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

Comptroller of the Currency
United States Department of the Treasury Washington, D.C. 20219

Federal Reserve Bank San Francisco, California 94105

Federal Deposit Insurance Corporation Washington, D.C. 20429

(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 (THE "ACT") AND 17 C.F.R.
229.10(d).

1. A copy of the articles of association of The Bank of New York Trust
Company, N.A. (Exhibit 1 to Form T-1 filed with Registration
Statement No. 333-121948).

2. A copy of certificate of authority of the trustee to commence
business. (Exhibit 2 to Form T-1 filed with Registration Statement
No. 333-121948).

3. A copy of the authorization of the trustee to exercise corporate
trust powers. (Exhibit 3 to Form T-1 filed with Registration
Statement No. 333-121948).

4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form
T-1 filed with Registration Statement No. 333-121948).

-2-

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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.
333-121948).

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.

-3-

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York
Trust Company, N.A., a 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 2nd day of March, 2005.

THE BANK OF NEW YORK
TRUST COMPANY, N.A.

By: /s/ SANDEE'PARKS
---------------------
Name: SANDEE' PARKS
Title: VICE PRESIDENT

EX-25.1 5th Page of 6 TOC 1st Previous Next ↓Bottom Just 5th
EXHIBIT 7

Consolidated Report of Condition of THE
BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017

At the close of business December 31, 2004, published in accordance with
Federal regulatory authority instructions.

Dollar Amounts
in Thousands

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ASSETS

Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin............................................................... 5,975
Interest-bearing balances............................................................. 0
Securities:
Held-to-maturity securities........................................................... 79
Available-for-sale securities......................................................... 27,506
Federal funds sold and securities
purchased under agreements to resell:
Federal funds sold ................................................................... 31,000
Securities purchased under agreements to resell....................................... 111,000
Loans and lease financing receivables:
Loans and leases held for sale........................................................ 0
Loans and leases,
net of unearned income.............................................................. 0
LESS: Allowance for loan and
lease losses........................................................................ 0
Loans and leases, net of unearned
income and allowance................................................................ 0
Trading assets....................................................................................... 0
Premises and fixed assets (including
capitalized leases)................................................................... 2,356
Other real estate owned.............................................................................. 0
Investments in unconsolidated
subsidiaries and associated
companies............................................................................. 0
Customers' liability to this bank
on acceptances outstanding............................................................ 0
Intangible assets:
Goodwill....................................................................................... 237,448
Other Intangible Assets ....................................................................... 17,376
Other assets......................................................................................... 35,890
--------
Total assets......................................................................................... $468,630
========

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LIABILITIES

Deposits:
In domestic offices
Noninterest-bearing................................................................... 9,060
Interest-bearing...................................................................... 0
Not applicable
Federal funds purchased and securities sold under agreements to
repurchase:
Federal funds purchased............................................................... 0
Securities sold under agreements to repurchase........................................ 0
Trading liabilities.................................................................................. 0
Other borrowed money:
(includes mortgage indebtedness
and obligations under capitalized
leases)............................................................................... 58,000
Not applicable
Bank's liability on acceptances
executed and outstanding............................................................ 0
Subordinated notes and debentures.................................................................... 0
Other liabilities.................................................................................... 46,904
--------
Total liabilities.................................................................................... $113,964
========
Minority interest in consolidated subsidiaries....................................................... 0

EQUITY CAPITAL

Perpetual preferred stock and related surplus........................................................
Common stock......................................................................................... 1,000
Surplus.............................................................................................. 294,040
Retained earnings.................................................................................... 59,681
Accumulated other comprehensive
income................................................................................ (55)
--------
Other equity capital components...................................................................... 0
--------
Total equity capital................................................................................. $354,666
--------
Total liabilities, minority interest, and equity capital............................................. $468,630
========

I, Thomas J. Mastro, 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 appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.

Thomas J. Mastro ) 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 prepared in conformance with the instructions
issued by the appropriate Federal regulatory authority and is true and correct.

Richard G. Jackson )
Nicholas C. English ) Directors
Karen B. Shupenko )

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘S-3’ Filing	Date	First	Last	Other Filings

Filed on:	3/4/05
	12/31/04	5		10-K, 10-K/A, 5, NT 10-K
				List all Filings

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Filing Submission 0000950124-05-001253 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Cray Inc – ‘S-3’ on 3/4/05 – EX-25.1

On: Friday, 3/4/05, at 6:03am ET · Accession #: 950124-5-1253 · File #: 333-123135

Previous ‘S-3’: ‘S-3/A’ on 5/20/04 · Next: ‘S-3/A’ on 6/28/05 · Latest: ‘S-3/A’ on 7/13/05

Registration Statement for Securities Offered Pursuant to a Transaction — Form S-3Filing Table of Contents

EX-25.1 — Statement re: Eligibility of Trustee

Dates Referenced Herein and Documents Incorporated by Reference

Registration Statement for Securities Offered Pursuant to a Transaction — Form S-3
Filing Table of Contents