EX-25.4 10 dex254.htm FORM T-1 OF UNION BANK OF CALIFORNIA UNDER MELLON SENIOR SUBORDINATED INDENTURE Form T-1 of Union Bank of California under Mellon Senior Subordinated Indenture

Exhibit 25.4


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)

 


UNION BANK OF CALIFORNIA, NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

94-0304228

I.R.S. Employer Identification No.

 

400 California Street

San Francisco, California

  94104
(Address of principal executive offices)   (Zip Code)

General Counsel

Union Bank of California, National Association

400 California Street

Corporate Trust - 12th Floor

San Francisco, CA 94104

(415) 765-2945

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

MELLON FUNDING CORPORATION

 

Pennsylvania   25-1387025
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)

One Mellon Center

500 Grant Street

Pittsburgh, Pennsylvania

  15258
(Address of Principal Executive Offices)   (Zip Code)

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.

Office of the Comptroller of the Currency

Washington, D.C. 20219

 

  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 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. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939.

 

  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.

 

  8. Not Applicable

 

  9. Not Applicable

 

* Incorporated by reference to exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25.1 to the Form S-4 dated March 17, 2003 of Star Gas Partners, L.P. file number 333-103873.

 

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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, Union Bank of California, 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 San Francisco, State of California on the 29th day of June, 2007.

 

Union Bank of California, National Association
By:   /s/ Douglas J. Schlafer
  Vice President

 

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EXHIBIT 6

CONSENT OF THE TRUSTEE

REQUIRED BY SECTION 321(b) OF THE ACT

June 29, 2007

Securities and Exchange Commission

Washington, D.C. 20549

Ladies and Gentlemen:

In connection with a Third Supplemental Indenture relating to that certain Indenture dated as of June 12, 2000 among Mellon Funding Corporation (the “Company”), Mellon Financial Corporation, as guarantor, and Union Bank of California, N.A. (the “Trustee”) and various supplemental indentures thereto, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that reports of examinations of the undersigned by federal, state, territorial, or district authorities authorized to make such examinations may be furnished by such authorities to the Securities and Exchange Commission upon request therefor.

 

Sincerely,
Union Bank of California, N.A.
By:   /s/ Douglas J. Schlafer
  Corporate Trust Vice President

 

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Exhibit 7

Page 1

Consolidated Report of Condition of

Union Bank of California, National Association

of San Francisco in the State of California, at the close of business March 31, 2007, published in response to call made by the Comptroller of the Currency, under Title 12, United States Code, Section 161. Charter 21541

BALANCE SHEET

 

     Dollar Amounts
In Thousands

ASSETS

  

Cash and balances due from depository institutions:

  

Noninterest-bearing balances and currency and coin

   $ 1,913,933

Interest-bearing balances

     1,008,327

Securities:

  

Held-to-maturity securities

     0

Available-for-sale securities

     8,585,671

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold in domestic offices

     2,647,300

Securities purchased under agreements to resell

     100,000

Loans and lease financing receivables:

  

Loans and leases held for sale

     58,200

Loans and leases, net of unearned income

     36,569,599

LESS: Allowance for loan and lease losses

     323,085

Loans and leases, net of unearned income and allowance

     36,246,514

Trading assets

     292,529

Premises and fixed assets

     491,088

Other real estate owned

     134

Investments in unconsolidated subsidiaries and associated companies

     0

Not applicable

  

Intangible assets:

  

Goodwill

     453,489

Other intangible assets

     27,148

Other assets

     2,178,217
      

Total assets

     54,002,550
      

 

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Exhibit 7

Page 2

 

LIABILITIES

  

Deposits:

  

In domestic offices

   42,530,846

Noninterest-bearing

   16,186,595

Interest-bearing

   26,344,251

In foreign offices, Edge and Agreement subsidiaries, and IBFs

   2,893,948

Noninterest-bearing

   0

Interest-bearing

   2,893,948

Federal funds purchased and securities sold under agreements to repurchase:

  

Federal funds purchased in domestic offices

   488,531

Securities sold under agreements to repurchase

   61,014

Trading liabilities

   160,555

Other borrowed money

   1,642,349

Not applicable

  

Not applicable

  

Subordinated notes and debentures

   823,224

Other liabilities

   921,892

Total liabilities

   49,522,359
    

Minority interest in consolidated subsidiaries

   0

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

   0

Common stock

   604,577

Surplus

   1,560,374

Retained earnings

   2,546,134

Accumulated other comprehensive income

   -230,894

Other equity capital components

   0
    

Total equity capital

   4,480,191
    

Total liabilities, minority interest, and equity capital

   54,002,550
    

 

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