EX-25.1 131 dex251.htm FORM T-1 Form T-1

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 TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

  95-3571558

(State of incorporation

if not a U.S. national bank)

 

(I.R.S. employer

identification no.)

700 S. Flower Street

2nd Floor

Los Angeles, California

  90017-4104
(Address of principal executive offices)   (Zip code)

 


The Bank of New York Trust Company, N.A.

100 Ashford Center North, Suite 520

Atlanta, GA 30338

Attn: Stefan Victory

(770) 698-5184

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

 


TEAM FINANCE LLC

(Exact name of obligor as specified in its charter)

 

Delaware   20-3818106

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

 


HEALTH FINANCE CORPORATION

(Exact name of obligor as specified in its charter)

 

Delaware   20-3818041

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification no.)

1900 Winston Road, Suite 300

Knoxville, TN

  37919
(Address of principal executive offices)   (Zip code)

 


11.25% Senior Subordinated Notes due 2013

(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

  Comptroller of the Currency
United States Department of the Treasury
  Washington, D.C. 20219
  Federal Reserve Bank   Atlanta, Georgia 30309
  Federal Deposit Insurance Corporation   Washington, D.C. 20429
  (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 articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).
  2.   A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
  3.   A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).
  4.   A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).
  5.   The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-121948).
  6.   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 Trust Company, N.A., a corporation organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Atlanta, and State of Georgia, on the 15h day of March, 2006.

 

THE BANK OF NEW YORK TRUST COMPANY, N.A.
By:  

/s/ STEFAN VICTORY

Name:   Stefan Victory
Title:   Vice President

 

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EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK TRUST COMPANY, N.A.

of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

At the close of business December 31, 2005, published in accordance with Federal regulatory authority instructions.

 

     Dollar Amounts
in Thousands
ASSETS   

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

     9,859

Interest-bearing balances

     0

Securities:

  

Held-to-maturity securities

     70

Available-for-sale securities

     62,079

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold

     38,000

Securities purchased under agreements to resell

     105,100

Loans and lease financing receivables:

  

Loans and leases held for sale

     0

Loans and leases, net of unearned income

     0

LESS: Allowance for loan and lease losses

     0

Loans and leases, net of unearned income and allowance

     0

Trading assets

     0

Premises and fixed assets (including capitalized leases)

     4,113

Other real estate owned

     0

Investments in unconsolidated subsidiaries and associated companies

     0

Customers’ liability to this bank on acceptances outstanding

     0

Intangible assets:

  

Goodwill

     265,964

Other Intangible Assets

     16,292

Other assets

     39,519
      

Total assets

   $ 540,996
      

 

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     Dollar Amounts
in Thousands
 
LIABILITIES   

Deposits:

  

In domestic offices

     7,729  

Noninterest-bearing

     7,729  

Interest-bearing

     0  

Not applicable

  

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased

     0  

Securities sold under agreements to repurchase

     0  

Trading liabilities

     0  

Other borrowed money:

  

(includes mortgage indebtedness and obligations under capitalized leases)

     58,000  

Not applicable

  

Bank’s liability on acceptances executed and outstanding

     0  

Subordinated notes and debentures

     0  

Other liabilities

     68,953  

Total liabilities

   $ 134,682  
        

Minority interest in consolidated subsidiaries

     0  
EQUITY CAPITAL   

Perpetual preferred stock and related surplus

     0  

Common stock

     1,000  

Surplus (exclude all surplus related to preferred stock)

     321,520  

Retained earnings

     84,070  

Accumulated other comprehensive income

     (276 )

Other equity capital components

     0  

Total equity capital

   $ 406,314  
        

Total liabilities, minority interest, and equity capital

   $ 540,996  
        

I, William J. Winkelmann, Vice President 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.

 

William J. Winkelmann   )      Vice President

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 instructions and is true and correct.

 

Michael K. Klugman   )     
Michael F. McFadden   )      Directors
Frank P. Sulzberger   )     

 

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