EX-25 6 g84788exv25.htm EX-25 STATEMENT OF ELIGIBILITY OF TRUSTEE EX-25 STATEMENT OF ELIGIBILITY OF TRUSTEE
 

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
(Exact name of trustee as specified in its charter)
     
New York   13-5160382
(State of incorporation   (I.R.S. employer
if not a U.S. national bank)   identification no.)
     
One Wall Street, New York, N.Y   10286
(Address of principal executive offices)   (Zip code)


WebMD Corporation
(Exact name of obligor as specified in its charter)
     
Delaware   94-3236644
(State or other jurisdiction of   (I.R.S. employer
incorporation or organization)   identification no.)
     
669 River Drive, Center 2    
Elmwood Park, New Jersey   07407-1361
(Address of principal executive offices)   (Zip code)


1.75% Convertible Subordinated Notes Due 2023
(Title of the indenture securities)

      



 


 

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.

     
Name   Address

 
Superintendent of Banks of the State of New York   2 Rector Street, 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 (THE “ACT”) AND 17 C.F.R. 229.10(D).

  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.)

  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.

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SIGNATURE

      Pursuant to the requirements of the Act, 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 12th day of November, 2003.

         
THE BANK OF NEW YORK
         
By:   /S/   ROBERT A. MASSIMILLO
   
    Name:   ROBERT A. MASSIMILLO
    Title:   VICE PRESIDENT

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EXHIBIT 7

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 June 30, 2003, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
                   
              Dollar Amounts
ASSETS           In Thousands

         
Cash and balances due from depository institutions:
               
 
Noninterest-bearing balances and currency and coin
          $ 4,257,371  
 
Interest-bearing balances
            6,048,782  
Securities:
               
 
Held-to-maturity securities
            373,479  
 
Available-for-sale securities
            18,918,169  
Federal funds sold in domestic offices
            6,689,000  
Securities purchased under agreements to resell
            5,293,789  
Loans and lease financing receivables:
               
 
Loans and leases held for sale
            616,186  
 
Loans and leases, net of unearned income
    38,342,282          
 
LESS: Allowance for loan and lease losses
    819,982          
 
Loans and leases, net of unearned income and allowance
    37,522,300          
Trading Assets
            5,741,193  
Premises and fixed assets (including capitalized leases)
            958,273  
Other real estate owned
            441  
Investments in unconsolidated subsidiaries and associated companies
            257,626  
Customers’ liability to this bank on acceptances outstanding
            159,995  
Intangible assets
               
 
Goodwill
          2,554,921  
 
Other intangible assets
            805,938  
Other assets
            6,285,971  
 
           
 

 


 

                   
Total assets
          $ 96,483,434  
 
           
 
LIABILITIES
               
Deposits:
               
 
In domestic offices
          $ 37,264,787  
 
Noninterest-bearing
    15,357,289          
 
Interest-bearing
    21,907,498          
 
In foreign offices, Edge and Agreement subsidiaries, and IBFs
            28,018,241  
 
Noninterest-bearing
    1,026,601          
 
Interest-bearing
    26,991,640          
Federal funds purchased in domestic offices
            739,736  
Securities sold under agreements to repurchase
            465,594  
Trading liabilities
            2,456,565  
Other borrowed money:
               
 
(includes mortgage indebtedness and obligations under capitalized leases)
            8,994,708  
Bank’s liability on acceptances executed and outstanding
            163,277  
Subordinated notes and debentures
            2,400,000  
Other liabilities
            7,446,726  
 
           
 
Total liabilities
          $ 87,949,634  
 
           
 
Minority interest in consolidated subsidiaries
            519,472  
EQUITY CAPITAL
               
Perpetual preferred stock and related surplus
            0  
Common stock
            1,135,284  
Surplus
            2,056,273  
Retained earnings
            4,694,161  
Accumulated other comprehensive income
            128,610  
Other equity capital components
            0  
Total equity capital
            8,014,328  
 
           
 
Total liabilities minority interest and equity capital
          $ 96,483,434  
 
           
 

 


 

      I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct 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 statement of resources and liabilities. We 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 and is true and correct.

     
Thomas A. Renyi    
Gerald L. Hassell   Directors
Alan R. Griffith