EX-25.1 7 dex251.htm FORM T-1 Form T-1

Exhibit 25.1

 


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)                     

 


THE BANK OF NEW YORK

(Exact name of trustee as specified in its charter)

 

New York    13-5160382

(Jurisdiction of incorporation

if not a U.S. national bank)

  

(I.R.S. Employer

Identification No.)

 

One Wall Street

New York, New York

  

10286

(Address of principal executive offices)

   (Zip code)

 


UNITED REFINING COMPANY

*And the Additional Obligors listed below

(Exact name of obligor as specified in its charter)

 

Pennsylvania    25-1411751

(State or other jurisdiction

of incorporation or organization)

  

(I.R.S. Employer

Identification No.)

 

15 Bradley Street

Warren, Pennsylvania

   16365
(Address of principal executive offices)    (Zip code)

 


10  1/2% Senior Notes Due 2012

Guarantees of 10  1/2% Senior Notes Due 2012

(Title of the indenture securities)

 



TABLE OF ADDITIONAL OBLIGORS

 

Names of Additional Obligors*

  

Jurisdiction of

Incorporation or

Organization

  

I.R.S. Employer

Identification Number

Kiantone Pipeline Corporation

   New York    25-1211902

Kiantone Pipeline Company

   Pennsylvania    25-2426278

United Refining Company of Pennsylvania

   Pennsylvania    25-0850960

United Jet Center, Inc.

   Delaware    52-1623169

Kwik-Fill Corporation

   Pennsylvania    25-1525543

Independent Gas and Oil Company of Rochester, Inc.

   New York    06-1217388

Bell Oil Corp.

   Michigan    38-1884781

PPC, Inc.

   Ohio    31-0821706

Super Test Petroleum, Inc.

   Michigan    38-1901439

Kwik-Fil, Inc.

   New York    25-1525615

Vulcan Asphalt Refining Corporation

   Delaware    23-2486891

Country Fair, Inc.

   Pennsylvania    25-1149799

* Addresses and telephone numbers of principal executive offices are the same as those of United Refining Company.


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.

 

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    550 17th Street, N.W., Washington, D.C. 20429
New York Clearing House Association    New York, N.Y. 10005

 

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

Yes.

 

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

Item 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, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195.)

 

  4.— A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 with Registration Statement No. 333-121195.)

 

  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.


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 14th day of August, 2007.

 

THE BANK OF NEW YORK
By:   /s/ Mary LaGumina
 

Name:         Mary LaGumina

 

Title:           Vice President


EXHIBIT 7

(Page i of iii)

 


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, 2007, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

ASSETS    Dollar Amounts
In Thousands

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

   $ 2,729,000

Interest-bearing balances

     20,956,000

Securities:

  

Held-to-maturity securities

     1,416,000

Available-for-sale securities

     24,732,000

Federal funds sold and securities purchased under agreements to resell

  

Federal funds sold in domestic offices

     10,454,000

Securities purchased under agreements to resell

     157,000

Loans and lease financing receivables:

  

Loans and leases held for sale

     0

Loans and leases, net of unearned income

     31,260,000

LESS: Allowance for loan and lease losses

     281,000

Loans and leases, net of unearned income and allowance

     30,979,000

Trading Assets

     2,764,000

Premises and fixed assets (including capitalized leases)

     884,000

Other real estate owned

     2,000

Investments in unconsolidated subsidiaries and associated companies

     284,000

Not applicable

  

Intangible assets:

  

Goodwill

     2,713,000

Other intangible assets

     950,000

Other assets

     9,137,000
      

Total assets

   $ 108,157,000
      


EXHIBIT 7

(Page ii of iii)

 

LIABILITIES     

Deposits:

  

In domestic offices

   $ 29,601,000

Noninterest-bearing

     18,755,000

Interest-bearing

     10,846,000

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     53,217,000

Noninterest-bearing

     1,965,000

Interest-bearing

     51,252,000

Federal funds purchased and securities sold under agreements to repurchase

  

Federal funds purchased in domestic offices .

     1,454,000

Securities sold under agreements to repurchase

     101,000

Trading liabilities

     2,565,000

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases) .

     3,890,000

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     2,261,000

Other liabilities

     6,362,000
      

Total liabilities

   $ 99,451,000
      

Minority interest in consolidated subsidiaries

     155,000
EQUITY CAPITAL     

Perpetual preferred stock and related surplus

     0

Common stock

     1,135,000

Surplus (exclude all surplus related to preferred stock)

     2,148,000

Retained earnings

     5,676,000

Accumulated other comprehensive income

     -408,000

Other equity capital components

     0

Total equity capital

     8,551,000
      

Total liabilities, minority interest, and equity capital

   $ 108,157,000
      

 

ii


EXHIBIT 7

(Page iii of iii)

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

Alan R. Griffith

           Directors   

 

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