EX-25.1 4 dex251.htm EXHIBIT 25.1 Exhibit 25.1

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)

 


 

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

    13-4994650

(State of incorporation

  (I.R.S. employer

if not a national bank)

  identification No.)

1111 Polaris Parkway

   

Columbus, Ohio

  43271

(Address of principal executive offices)

  (Zip Code)

 

Pauline E. Higgins

Vice President and Assistant General Counsel

JPMorgan Chase Bank, National Association

707 Travis Street, 4th Floor North

Houston, Texas 77002

Tel: (713) 216-1436

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

 


 

Universal Corporation

(Exact name of obligor as specified in its charter)

 

Virginia   54-0414210

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification No.)

1501 N. Hamilton Street

   

Richmond, Virginia

 

23230

(Address of principal executive offices)

 

(Zip Code)

 

Debt Securities

 

(Title of the indenture securities)

 



GENERAL

 

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.

 

Board of Governors of the Federal Reserve System, Washington, D.C., 20551

 

Federal Deposit Insurance Corporation, Washington, D.C., 20429.

 

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

 

Yes.

 

Item 2.  Affiliations with the Obligor and Guarantors.

 

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

 

None.

 

2


Item 16. List of Exhibits

 

List below all exhibits filed as a part of this Statement of Eligibility.

 

1. A copy of the Articles of Association of JPMorgan Chase Bank, N.A. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

 

2. A copy of the Certificate of Authority of the Comptroller of the Currency for the trustee to commence business. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

 

3. None, the authority of the trustee to exercise corporate trust powers being contained in the documents described in Exhibits 1 and 2.

 

4. A copy of the existing By-Laws of the Trustee. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

 

5. Not applicable.

 

6. The consent of the Trustee required by Section 321(b) of the Act.

(see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

 

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.

 

8. Not applicable.

 

9. Not applicable.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, N.A., 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 29th day of November, 2005.

 

JPMORGAN CHASE BANK, N.A.

By

  /s/ Albert P. Mari, Jr.
    Albert P. Mari, Jr.    
    Vice President    

 

3


Exhibit 7 to Form T-1

 

Bank Call Notice

 

RESERVE DISTRICT NO. 2

CONSOLIDATED REPORT OF CONDITION OF

 

JPMorgan Chase Bank, N.A.

of 1111 Polaris Parkway, Columbus, Ohio 43271

and Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System,

 

at the close of business June 30, 2005, 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

in Millions


ASSETS                     

Cash and balances due from depository institutions:

                    

Noninterest-bearing balances and currency and coin

          $ 33,595       

Interest-bearing balances

            9,074       

Securities:

                    

Held to maturity securities

            92       

Available for sale securities

            46,530       

Federal funds sold and securities purchased under agreements to resell

                    

Federal funds sold in domestic offices

            27,359       

Securities purchased under agreements to resell

            162,222       

Loans and lease financing receivables:

                    

Loans and leases held for sale

            28,317       

Loans and leases, net of unearned income

   $ 348,961              

Less: Allowance for loan and lease losses

     4,676              

Loans and leases, net of unearned income and allowance

            344,285       

Trading Assets

            231,417       

Premises and fixed assets (including capitalized leases)

            8,360       

Other real estate owned

            142       

Investments in unconsolidated subsidiaries and associated companies

            818       

Customers’ liability to this bank on acceptances outstanding

            549       

Intangible assets

                    

Goodwill

            23,432       

Other Intangible assets

            9,440       

Other assets

            47,481       

TOTAL ASSETS

                 $ 973,113


LIABILITIES                

Deposits

               

In domestic offices

          $ 383,950  

Noninterest-bearing

   $ 141,374         

Interest-bearing

     242,576         

In foreign offices, Edge and Agreement subsidiaries and IBF’s

            145,247  

Noninterest-bearing

   $ 7,348         

Interest-bearing

     137,899         

Federal funds purchased and securities sold under agreements to repurchase:

               

Federal funds purchased in domestic offices

            8,743  

Securities sold under agreements to repurchase

            93,698  

Trading liabilities

            117,933  

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

            79,495  

Bank’s liability on acceptances executed and outstanding

            549  

Subordinated notes and debentures

            17,982  

Other liabilities

            40,922  

TOTAL LIABILITIES

            888,519  

Minority Interest in consolidated subsidiaries

            1,426  
EQUITY CAPITAL                

Perpetual preferred stock and related surplus

            0  

Common stock

            1,785  

Surplus (exclude all surplus related to preferred stock)

            58,838  

Retained earnings

            22,718  

Accumulated other comprehensive income

            (173 )

Other equity capital components

            0  

TOTAL EQUITY CAPITAL

            83,168  
           


TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

          $ 973,113  
           


 

I, Joseph L. Sclafani, E.V.P. & Controller 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.

 

JOSEPH L. SCLAFANI

   

 

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 in-

structions issued by the appropriate Federal regulatory

authority and is true and correct.

 

WILLIAM B. HARRISON, JR.

JAMES DIMON

MICHAEL J. CAVANAGH

 

)

)  DIRECTORS

)