EX-25.1 8 a2128749zex-25_1.htm 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)




U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall
Minneapolis, MN

55402-7000
(Zip Code)

(Address of principal executive offices)

 

 

Bradley E. Scarbrough

U.S. Bank National Association

633 W. 5TH Street, 24th Floor

Los Angeles, CA  90071

(213) 615-6047

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

 

Abgenix, Inc

(Issuer with respect to the Securities)

 

DELAWARE

94-3248826

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

6701 Kaiser Drive
 Fremont, CA

94555
(Zip Code)

(Address of Principal Executive Offices)

 

 

 

Senior Debt Securities

(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.

None

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.*

 

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 bylaws 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.

*            Incorporated by reference to Registration Number 333-67188.

A copy of the Articles of Association of the trustee, as now in effect, is on file with the Securities and Exchange Commission as an Exhibit with corresponding exhibit number to the Form T-1 of Structured Obligations Corporation, filed pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended (the “Act”), on November 16, 2001 (Registration No. 333-67188), and is incorporated herein by reference.

 



 

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, U.S. 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 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 8th day of March, 2004.

 

 

 

U.S. BANK NATIONAL ASSOCIATION

 

 

 

By:

/s/

Brad E. Scarbrough

 

 

Brad E. Scarbrough

 

 

Vice President

 

 

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Exhibit 6

 

CONSENT

 

 

                In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

 

Dated:  March 8, 2004

 

U.S. BANK NATIONAL ASSOCIATION

 

 

 

 

By:

/s/

Brad E. Scarbrough

 

 

Brad E. Scarbrough

 

 

Vice President

 

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 12/31/2003

 

($000’s)

 

 

12/31/2003

Assets

 

Cash and Due From Depository Institutions

$8,631,361

Federal Reserve Stock

0

Securities

42,963,396

Federal Funds

2,585,353

Loans & Lease Financing Receivables

114,718,888

Fixed Assets

1,911,662

Intangible Assets

10,254,736

Other Assets

8,093,654

Total Assets

$189,159,050

 

 

Liabilities

 

Deposits

$128,249,183

Fed Funds

5,098,404

Treasury Demand Notes

3,585,132

Trading Liabilities

213,447

Other Borrowed Money

21,664,023

Acceptances

123,996

Subordinated Notes and Debentures

5,953,524

Other Liabilities

5,173,011

Total Liabilities

$170,060,720

 

 

Equity

 

Minority Interest in Subsidiaries

$1,002,595

Common and Preferred Stock

18,200

Surplus

11,677,397

Undivided Profits

6,400,138

Total Equity Capital

$19,098,330

 

 

Total Liabilities and Equity Capital

$189,159,050

U.S. Bank National Association

 

 

 

By:

/s/

Brad E. Scarbrough

 

 

Brad E. Scarbrough

 

 

Vice President

 

 

Date:       March 8, 2004

 

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