EX-25.1 61 a2155511zex-25_1.htm EXHIBIT 25.1

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)           
o

 


 

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

(Exact name of trustee as specified in its charter)

 

 

 

95-3571558

(State of incorporation

 

(I.R.S. employer

if not a U.S. national bank)

 

identification no.)

 

 

 

700 South Flower Street

 

 

Suite 500

 

 

Los Angeles, California

 

90017

(Address of principal executive offices)

 

(Zip code)


Altra Industrial Motion, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

30-0283143

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

American Enterprises MPT Corp.

(Exact name of obligor as specified in its charter)

 

Delaware

 

52-2005169

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 



 

American Enterprises MPT Holdings, L.P.

(Exact name of obligor as specified in its charter)

 

Delaware

 

52-2005171

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Ameridrives International, L.P.

(Exact name of obligor as specified in its charter)

 

Delaware

 

54-1826102

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Boston Gear LLC

(Exact name of obligor as specified in its charter)

 

Delaware

 

11-3723980

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Formsprag LLC

(Exact name of obligor as specified in its charter)

 

Delaware

 

01-0712538

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

The Kilian Company

(Exact name of obligor as specified in its charter)

 

Delaware

 

20-1681824

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

2



 

Kilian Manufacturing Corporation

(Exact name of obligor as specified in its charter)

 

Delaware

 

06-0933715

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Nuttall Gear LLC

(Exact name of obligor as specified in its charter)

 

Delaware

 

54-1856788

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Warner Electric LLC

(Exact name of obligor as specified in its charter)

 

Delaware

 

54-1967089

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Warner Electric Technology LLC

(Exact name of obligor as specified in its charter)

 

Delaware

 

54-1967084

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

Warner Electric International Holding, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

 

54-1967086

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification no.)

 

14 Hawyard Street

 

 

Quincy, Massachusetts

 

02171

(Address of principal executive offices)

 

(Zip code)

 


 

9% Senior Secured Notes due 2011
(Title of the indenture securities)

 

 

3



 

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

 

San Francisco, California 94105

 

 

 

 

 

 

 

 

 

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).

 

4



 

 

 

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. 333-121948).

 

 

 

 

 

 

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.

 

5



 

SIGNATURE

 

 

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a banking association 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 Los Angeles, and State of California on the 11th day of May, 2005.

 

 

THE BANK OF NEW YORK TRUST

 

COMPANY, N.A.

 

 

 

By:

/S/

MELONEE YOUNG

 

 

Name:

MELONEE YOUNG

 

Title:

VICE PRESIDENT

 

6



 

EXHIBIT 7

 

Consolidated Report of Condition of

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

of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017

 

At the close of business December 31, 2004, 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

 

5,975

 

Interest-bearing balances

 

0

 

Securities:

 

 

 

Held-to-maturity securities

 

79

 

Available-for-sale securities

 

27,506

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

Federal funds sold

 

31,000

 

Securities purchased under agreements to resell

 

111,000

 

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)

 

2,356

 

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

 

237,448

 

Other Intangible Assets

 

17,376

 

Other assets

 

35,890

 

Total assets

 

$

468,630

 

 

1



 

LIABILITIES

 

 

 

 

 

 

 

Deposits:

 

 

 

In domestic offices

 

 

 

Noninterest-bearing

 

9,060

 

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

 

46,904

 

Total liabilities

 

$

113,964

 

Minority interest in consolidated subsidiaries

 

0

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

1,000

 

Surplus

 

294,040

 

Retained earnings

 

59,681

 

Accumulated other comprehensive income

 

(55

)

Other equity capital components

 

0

 

Total equity capital

 

$

354,666

 

Total liabilities, minority interest, and equity capital

 

$

468,630

 

 

 

I, Thomas J. Mastro, Comptroller 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.

 

Thomas J. Mastro

)

Comptroller

 

 

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 issued by the appropriate Federal regulatory authority and is true and correct.

 

 

Richard G. Jackson

)

 

Nicholas C. English

)

Directors

Karen B. Shupenko

)

 

 

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