305B2 1 a20-11293_5305b2.htm 305B2

 

 

UNITED STATES
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

 

 

o CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

A National Banking Association

 

94-1347393

(Jurisdiction of incorporation or

 

(I.R.S. Employer

organization if not a U.S. national

 

Identification No.)

bank)

 

 

 

101 North Phillips Avenue

 

 

Sioux Falls, South Dakota

 

57104

(Address of principal executive offices)

 

(Zip code)

 

Wells Fargo & Company
Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

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

 

 

OMEROS CORPORATION

(Exact name of obligor as specified in its charter)

 

Washington

 

91-1663741

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

 

 

201 Elliot Avenue West

 

 

Seattle, WA

 

98119

(Address of principal executive offices)

 

(Zip code)

 

 

Debt Securities

(Title of the indenture securities)

 

 

 

 

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

Treasury Department

Washington, D.C.

 

Federal Deposit Insurance Corporation

Washington, D.C.

 

Federal Reserve Bank of San Francisco

San Francisco, California 94120

 

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

 

The 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 with respect to the trustee.

 

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

 

Item 15.  Foreign Trustee.                              Not applicable.

 

Item 16.  List of Exhibits.                               List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibit 1.

 

A copy of the Articles of Association of the trustee now in effect.*

 

 

 

Exhibit 2.

 

A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.*

 

 

 

Exhibit 3.

 

A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.*

 

 

 

Exhibit 4.

 

Copy of By-laws of the trustee as now in effect.*

 

 

 

Exhibit 5.

 

Not applicable.

 

 

 

Exhibit 6.

 

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

 

 

 

Exhibit 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.

 

 

 

Exhibit 8.

 

Not applicable.

 

 

 

Exhibit 9.

 

Not applicable.

 

*  Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of file number 333-190926.

 

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo 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 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 10th day of August, 2020.

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Maddy Hughes

 

Maddy Hughes

 

Vice President

 

 

EXHIBIT 6

 

August 10, 2020

 

Securities and Exchange Commission

Washington, D.C.  20549

 

Gentlemen:

 

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

 

 

 

Very truly yours,

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Maddy Hughes

 

Maddy Hughes

 

Vice President

 

 

EXHIBIT 7

 

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business March 31, 2020, filed in accordance with 12 U.S.C. §161 for National Banks.

 

 

 

 

 

Dollar Amounts

 

 

 

 

 

In Millions

 

ASSETS

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

 

Noninterest-bearing balances and currency and coin

 

 

 

$

21,745

 

Interest-bearing balances

 

 

 

123,531

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

169,848

 

Available-for-sale securities

 

 

 

242,111

 

Equity Securities with readily determinable fair value not held for trading

 

 

 

122

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

82

 

Securities purchased under agreements to resell

 

 

 

58,438

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

14,855

 

Loans and leases, net of unearned income

 

968,033

 

 

 

LESS: Allowance for loan and lease losses

 

10,893

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

957,140

 

Trading Assets

 

 

 

58,848

 

Premises and fixed assets (including capitalized leases)

 

 

 

11,733

 

Other real estate owned

 

 

 

235

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

13,202

 

Direct and indirect investments in real estate ventures

 

 

 

12

 

Intangible assets

 

 

 

32,598

 

Other assets

 

 

 

59,196

 

 

 

 

 

 

 

Total assets

 

 

 

$

1,763,696

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

1,403,302

 

Noninterest-bearing

 

452,458

 

 

 

Interest-bearing

 

950,844

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

44,243

 

Noninterest-bearing

 

858

 

 

 

Interest-bearing

 

43,385

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

2,055

 

Securities sold under agreements to repurchase

 

 

 

6,389

 

 

 

 

 

 

 

Dollar Amounts

 

 

 

 

 

In Millions

 

Trading liabilities

 

 

 

15,841

 

Other borrowed money

 

 

 

 

 

(Includes mortgage indebtedness and obligations under capitalized leases)

 

 

 

76,704

 

Subordinated notes and debentures

 

 

 

12,499

 

Other liabilities

 

 

 

32,411

 

 

 

 

 

 

 

Total liabilities

 

 

 

$

1,593,444

 

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

 

0

 

Common stock

 

 

 

519

 

Surplus (exclude all surplus related to preferred stock)

 

 

 

114,728

 

Retained earnings

 

 

 

54,130

 

Accumulated other comprehensive income

 

 

 

844

 

Other equity capital components

 

 

 

0

 

 

 

 

 

 

 

Total bank equity capital

 

 

 

170,221

 

Noncontrolling (minority) interests in consolidated subsidiaries

 

 

 

31

 

 

 

 

 

 

 

Total equity capital

 

 

 

170,252

 

 

 

 

 

 

 

Total liabilities, and equity capital

 

 

 

$

1,763,696

 

 

I, John R. Shrewsberry, Sr. EVP & CFO 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.

 

 

John R. Shrewsberry

 

Sr. EVP & CFO

 

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.

 

Directors

Maria R. Morris

Theodore F. Craver, Jr.

Juan A. Pujadas