EX-25.1 5 dex251.htm FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 Form T-1 Statement of Eligibility under the Trust Indenture Act of 1939

Exhibit 25.1

 

 

 

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)

 

 

UNION BANK, N.A.

(Exact name of Trustee as specified in its charter)

 

 

94-0304228

I.R.S. Employer Identification No.

 

400 California Street

San Francisco, California

  94104
(Address of principal executive offices)   (Zip Code)

General Counsel

Union Bank, N.A.

400 California Street

Corporate Trust - 12th Floor

San Francisco, CA 94104

(415) 765-2945

(Name, address and telephone number of agent for service)

 

 

STAR GAS PARTNERS, L.P.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   06-1437793
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

 

 

STAR GAS FINANCE COMPANY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   75-3094991
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

 

2187 Atlantic Street
P.O. Box 120011
Stamford, Connecticut
  06912-0011
(Address of Principal Executive Offices)   (Zip Code)

 

 

8.875% Senior Notes due 2017

(Title of the indenture securities)

 

 

 


FORM T-1

 

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

Washington, D.C.

 

  b) Whether it is authorized to exercise corporate trust powers.

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.

Not Applicable.

In answering this item, the trustee has relied, in part, upon information furnished by the obligor and the underwriters, and the trustee disclaims responsibility for the accuracy or completeness of such information. The trustee has also examined its own books and records for the purpose of answering this item.

 

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee now in effect.*

 

  2. A copy of the certificate of authority of the Trustee to commence business.*

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

  4. A copy of the existing By-Laws of the Trustee.*

 

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939. Attached as Exhibit 6.

 

  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. Attached as Exhibit 7.

 

 

 

* Exhibits 1 through 4 are incorporated herein by reference to Form T-1 as presented in Exhibit 25.1 to registration statement on Form S-3 Registration No. 333-165578 filed with the SEC.

 

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NOTE

The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, Union Bank, N. A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, State of California on the 27th day of December, 2010.

 

Union Bank, N.A.
By:   /s/ Eva Aryeetey
  Vice President

 

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EXHIBIT 6

CONSENT OF THE TRUSTEE

REQUIRED BY SECTION 321(b) OF THE ACT

December 27, 2010

Securities and Exchange Commission

Washington, D.C. 20549

Ladies and Gentlemen:

In connection with the qualification of an indenture for debt securities between Mattel, Inc. (the “Company”) and Union Bank, N.A. (the “Trustee”), the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that reports of examinations of the undersigned by federal, state, territorial, or district authorities authorized to make such examinations may be furnished by such authorities to the Securities and Exchange Commission upon request therefore.

 

Sincerely,
Union Bank, N.A.
By:   /s/ Eva Aryeetey
  Corporate Trust Vice President

 

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EXHIBIT 7

Consolidated Report of Condition of

Union Bank, N.A

of Los Angeles in the State of California, at the close of business June 30, 2010, published in response to call made by the Comptroller of the Currency, under Title 12, United States Code, Section 161. Charter 21541

 

BALANCE SHEET

  
     Dollar Amounts  
     In Thousands  

ASSETS

  

Cash and balances due from depository institutions:

  

Non-interest-bearing balances and currency and coin

   $ 1,104,274   

Interest-bearing balances

     2,968,614   

Securities:

  

Held-to-maturity securities

     1,265,886   

Available-for-sale securities

     21,760,214   

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold in domestic offices

     0   

Securities purchased under agreements to resell

     287,698   

Loans and lease financing receivables:

  

Loans and leases held for sale

     2,620   

Loans and leases, net of unearned income

     47,941,502   

LESS: Allowance for loan and lease losses

     1,345,718   

Loans and leases, net of unearned income and allowance

     46,595,784   

Trading assets

     1,119,100   

Premises and fixed assets

     669,302   

Other real estate owned

     210,104   

Investments in unconsolidated subsidiaries and associated companies

     0   

Direct and indirect investments in real estate ventures

     0   

Intangible assets:

  

Goodwill

     2,416,979   

Other intangible assets

     517,749   

Other assets

     4,923,802   
        

Total assets

     83,842,126   
        

 

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LIABILITIES

  

Deposits:

  

In domestic offices

     64,414,495   

Noninterest-bearing

     15,323,945   

Interest-bearing

     49,090,550   

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     2,189,539   

Noninterest-bearing

     0   

Interest-bearing

     2,189,539   

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

     36,372   

Securities sold under agreements to repurchase

     65,144   

Trading liabilities

     815,282   

Other borrowed money

     4,405,709   

Subordinated notes and debentures

     765,687   

Other liabilities

     1,246,113   
        

Total liabilities

     73,938,341   
        

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0   

Common stock

     604,577   

Surplus

     6,595,418   

Retained earnings

     2,945,749   

Accumulated other comprehensive income

     -520,329   

Other equity capital components

     0   

Noncontrolling (minority) interests in consolidated subsidiaries

     278,370   
        

Total equity capital

     9,903,785   
        

Total liabilities, minority interest, and equity capital

     83,842,126   

 

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