Exhibit 25
 
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
 
o  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, 17
th Floor
Minneapolis, Minnesota 55479
(612) 667-4608

(Name, address and telephone number of agent for service)
 
PARKER-HANNIFIN CORPORATION
(Exact name of obligor as specified in its charter)
     
Ohio
(State or other jurisdiction of
incorporation or organization)
  34-0451060
(I.R.S. Employer
Identification No.)
     
6035 Parkland Boulevard
Cleveland, Ohio
  44124-4141
(Address of principal executive offices)   (Zip code)
 
Medium-Term Notes, Series A
(Title of the indenture securities)
 

 


 

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 February 4, 2004.**
 
   
Exhibit 3.
  See Exhibit 2
 
   
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 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.
 
**   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.
 
***   Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

 


 

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 Chicago and State of Illinois on the 26th day of August 2010.
         
 
  WELLS FARGO BANK, NATIONAL ASSOCIATION    
 
       
 
  /s/ Gregory S. Clarke
 
Gregory S. Clarke
   
 
  Vice President    

 


 

EXHIBIT 6
August 26, 2010
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/ Gregory S. Clarke
 
Gregory S. Clarke
   
 
  Vice President    

 


 

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 June 30, 2010, 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
          $ 18,090  
Interest-bearing balances
            59,995  
Securities:
               
Held-to-maturity securities
            0  
Available-for-sale securities
            136,426  
Federal funds sold and securities purchased under agreements to resell:
               
Federal funds sold in domestic offices
            1,213  
Securities purchased under agreements to resell
            4,560  
Loans and lease financing receivables:
               
Loans and leases held for sale
            26,936  
Loans and leases, net of unearned income
    697,216          
LESS: Allowance for loan and lease losses
    20,992          
Loans and leases, net of unearned income and allowance
            676,224  
Trading Assets
            32,627  
Premises and fixed assets (including capitalized leases)
            8,206  
Other real estate owned
            4,564  
Investments in unconsolidated subsidiaries and associated companies
            562  
Direct and indirect investments in real estate ventures
            122  
Intangible assets
               
Goodwill
            21,005  
Other intangible assets
            25,903  
Other assets
            56,847  
 
               
 
             
Total assets
          $ 1,073,280  
 
             
 
               
LIABILITIES
               
Deposits:
               
In domestic offices
          $ 719,242  
Noninterest-bearing
    153,912          
Interest-bearing
    565,330          
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            97,865  
Noninterest-bearing
    1,563          
Interest-bearing
    96,302          
Federal funds purchased and securities sold under agreements to repurchase:
               
Federal funds purchased in domestic offices
            6,073  
Securities sold under agreements to repurchase
            14,292  

 


 

         
    Dollar Amounts  
    In Millions  
Trading liabilities
    15,806  
Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)
    45,602  
Subordinated notes and debentures
    21,152  
Other liabilities
    28,056  
 
       
 
     
Total liabilities
  $ 948,088  
 
       
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    519  
Surplus (exclude all surplus related to preferred stock)
    98,774  
Retained earnings
    19,082  
Accumulated other comprehensive income
    5,510  
Other equity capital components
    0  
 
       
 
     
Total bank equity capital
    123,885  
Noncontrolling (minority) interests in consolidated subsidiaries
    1,307  
 
     
 
       
Total equity capital
    125,192  
 
       
 
     
Total liabilities, and equity capital
  $ 1,073,280  
 
     
I, Howard I. Atkins, EVP & CFO 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.
     
 
  Howard I. Atkins
 
       EVP & CFO
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.
John Stumpf                                                                              Directors
Carrie Tolstedt
Michael Loughlin