EX-25.1 4 c80983a3exv25w1.htm FORM T-I STATEMENT OF ELIGIBILITY exv25w1
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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)

AirGate PCS, Inc.
(Exact name of obligor as specified in its charter)

     
Delaware   58-2422929
(State or other jurisdiction of   (I.R.S. employer
incorporation or organization)   identification no.)
     
233 Peachtree St. NE, Suite 1700    
Atlanta, Georgia   30303
(Address of principal executive offices)   (Zip code)


9-3/8% Senior Subordinated Secured Notes due 2009
(Title of the indenture securities)


 


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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   2 Rector Street, New York,
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
Consent of KPMG
Form T-I Statement of Eligibility


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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 15th day of December, 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 September 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
  $ 3,688.426  
 
Interest-bearing balances
    4,380,259  
Securities:
       
 
Held-to-maturity securities
    270,396  
 
Available-for-sale securities
    21,509.356  
Federal funds sold in domestic offices
    1,269,945  
Securities purchased under agreements to resell
    5,320,737  
Loans and lease financing receivables:
       
 
Loans and leases held for sale
    629,178  
 
Loans and leases, net of unearned income...............38,241,326
       
 
LESS: Allowance for loan and lease losses............813,502
       
 
Loans and leases, net of unearned income and allowance
    37,427,824  
Trading Assets
    6,323,529  
Premises and fixed assets (including capitalized leases)
    938,488  
Other real estate owned
    431  
Investments in unconsolidated subsidiaries and associated companies
    256,230  
Customers’ liability to this bank on acceptances outstanding
    191,307  
Intangible assets
       
 
Goodwill
    2,562,478  
 
Other intangible assets
    798,536  
Other assets
    6,636,012  
 
 
 
Total assets
  $ 92,203,132  
 
 
 

 


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      Dollar Amounts  
    In Thousands  
LIABILITIES
       
Deposits:
       
 
In domestic offices
  $ 35,637,801  
 
Noninterest-bearing...............15,795,823
       
 
Interest-bearing...............19,841,978
       
 
In foreign offices, Edge and Agreement subsidiaries, and IBFs
    23,759,599  
 
Noninterest-bearing...............599,397
       
 
Interest-bearing...............23,160,202
       
Federal funds purchased in domestic offices
    464,907  
Securities sold under agreements to repurchase
    693,638  
Trading liabilities
    2,634,445  
Other borrowed money:
       
(includes mortgage indebtedness and obligations under capitalized leases)
    11,168,402  
Bank’s liability on acceptances executed and outstanding
    193,690  
Subordinated notes and debentures
    2,390,000  
Other liabilities
    6,573,955  
 
 
 
Total liabilities
  $ 83,516,437  
 
 
 
Minority interest in consolidated subsidiaries
    519,418  
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    1,135,284  
Surplus
    2,057,234  
Retained earnings
    4,892,597  
Accumulated other comprehensive income
    82,162  
Other equity capital components
    0  
 
 
 
Total equity capital
    8,167,277  
 
 
 
Total liabilities minority interest and equity capital
  $ 92,203,132  
 
 
 

 


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     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       —