EX-25 9 d877949dex25.htm EXHIBIT 25 Exhibit 25

Exhibit 25

 

 

 

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

 

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

 

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

(formerly BANKERS TRUST COMPANY)

(Exact name of trustee as specified in its charter)

 

 

 

NEW YORK   13-4941247

(Jurisdiction of Incorporation or

organization if not a U.S. national bank)

 

(I.R.S. Employer

Identification no.)

 

60 WALL STREET

NEW YORK, NEW YORK

  10005
(Address of principal executive offices)   (Zip Code)

Deutsche Bank Trust Company Americas

Attention: Catherine Wang

Legal Department

60 Wall Street, 36th Floor

New York, New York 10005

(212) 250 – 7544

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

 

 

KONINKLIJKE PHILIPS N.V.

(Exact Name of Registrant as Specified in its Charter)

 

 

ROYAL PHILIPS

(Translation of Registrant’s Name into English)

 

 

 

The Netherlands   Not Applicable

(State or Other Jurisdiction

of Incorporation or Organization)

 

(I.R.S. Employer

Identification No.)

Breitner Center

Amstelplein 2

1096 BC Amsterdam

The Netherlands

Tel. No.: 011-31-20-59-77-777

(Address and Telephone Number of Registrant’s Principal Executive Offices)

 

 

David A. Dripchak

Philips Electronics North America Corporation

3000 Minuteman Road

Building 1

Andover, MA 01810

Tel No.: 001-978-659-4801

(Name, Address and Telephone Number of Agent for Service)

Please send copies of all communications to:

John O’Connor

Sullivan & Cromwell LLP

1 New Fetter Lane

London EC4A 1AN

England

Tel. No.: 011-44-20-7959-8900

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.

 

Name

  

Address

Federal Reserve Bank (2nd District)

   New York, NY

Federal Deposit Insurance Corporation

   Washington, D.C.

New York State Banking Department

   Albany, NY

 

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

Yes.

 

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the Trustee, describe each such affiliation.

Not Applicable.

 

Item 3. -15. Not Applicable

 

Item 16. List of Exhibits.

 

Exhibit 1 -    Restated Organization Certificate of Bankers Trust Company dated August 6, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated September 16, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated December 16, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated September 3, 1999, and Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated February 27, 2002, incorporated herein by reference to Exhibit 1 filed with Form T-1 Statement, Registration No. 333-201810.
Exhibit 2 -    Certificate of Authority to commence business, incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 333-201810.
Exhibit 3 -    Authorization of the Trustee to exercise corporate trust powers, incorporated herein by reference to Exhibit 3 filed with Form T-1 Statement, Registration No. 333-201810.
Exhibit 4 -    Existing By-Laws of Deutsche Bank Trust Company Americas, as amended on July 24, 2014, incorporated herein by reference to Exhibit 4 filed with Form T-1 Statement, Registration No. 333-201810.


Exhibit 5 - Not applicable.
Exhibit 6 - Consent of Bankers Trust Company required by Section 321(b) of the Act, incorporated herein by reference to Exhibit 6 filed with Form T-1 Statement, Registration No. 333-201810.
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.


SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Deutsche Bank Trust Company Americas, 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 this 18th day of February, 2015.

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

By:

/s/ Carol Ng

Name:

Carol Ng
Title: Vice President


DEUTSCHE BANK TRUST COMPANY AMERICAS

      FFIEC 031
Legal Title of Bank       Page 16 of 79

NEW YORK

      RC-1
City      
NY    10005      
State    Zip Code      
FDIC Certificate Number: 00623         

Consolidated Report of Condition for Insured Banks

and Savings Associations for December 31, 2014

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet

 

          Dollar Amounts
in Thousands
     RCFD    Tril | Bil | Mil | Thou       

Assets

              

  1. Cash and balances due from depository institutions (from Schedule RC-A):

              

a. Noninterest-bearing balances and currency and coin (1)

         0081      104,000       1.a

b. Interest-bearing balances (2)

         0071      23,816,000       1.b

  2. Securities:

              

a. Held-to-maturity securities (from Schedule RC-B, column A)

         1754      0       2.a

b. Available-for-sale securities (from Schedule RC-B, column D)

         1773      0       2.b

  3. Federal funds sold and securities purchased under agreements to resell:

         RCON      

a. Federal funds sold in domestic offices

         B987      26,000       3.a
         RCFD      

b. Securities purchased under agreements to resell (3)

         B989      12,910,000       3.b

  4. Loans and lease financing receivables (from Schedule RC-C):

           

a. Loans and leases held for sale

         5369      0       4.a

b. Loans and leases, net of unearned income

   B528      15,683,000             4.b

c. LESS: Allowance for loan and lease losses

   3123      26,000             4.c

d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

         B529      15,657,000       4.d

  5. Trading assets (from Schedule RC-D)

         3545      75,000       5

  6. Premises and fixed assets (including capitalized leases)

         2145      18,000       6

  7. Other real estate owned (from Schedule RC-M)

         2150      0       7

  8. Investments in unconsolidated subsidiaries and associated companies

         2130      0       8

  9. Direct and indirect investments in real estate ventures

         3656      0       9

10. Intangible assets:

           

a. Goodwill

         3163      0       10.a

b. Other intangible assets (from Schedule RC-M)

         0426      42,000       10.b

11. Other assets (from Schedule RC-F)

         2160      899,000       11

12. Total assets (sum of items 1 through 11)

         2170      53,547,000       12

 

(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.


DEUTSCHE BANK TRUST COMPANY AMERICAS

      FFIEC 031

Legal Title of Bank

        Page 16a of 79

FDIC Certificate Number: 00623

        RC-1a

Schedule RC—Continued

 

            Dollar Amounts
in Thousands
     RCON    Tril | Bil | Mil | Thou       

Liabilities

              

13. Deposits:

              

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)

         2200      41,081,000       13.a

(1) Noninterest-bearing (4)

     6631         21,532,000             13.a.1

(2) Interest-bearing

     6636         19,549,000             13.a.2

b. In foreign offices, Edge and Agreement subsidiaries, and IBFs

         RCFN      

(from Schedule RC-E, part II)

         2200      1,000       13.b

(1) Noninterest-bearing

     6631         1,000             13.b.1

(2) Interest-bearing

     6636         0             13.b.2

14. Federal funds purchased and securities sold under agreements to repurchase:

         RCON      

a. Federal funds purchased in domestic offices (5)

         B993      2,109,000       14.a
         RCFD      

b. Securities sold under agreements to repurchase (6)

         B995      0       14.b

15. Trading liabilities (from Schedule RC-D)

         3548      27,000       15

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

         3190      59,000       16

17. and 18. Not applicable

              

 

(4) Includes noninterest-bearing demand, time, and savings deposits.
(5) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
(6) Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.


DEUTSCHE BANK TRUST COMPANY AMERICAS

      FFIEC 031
Legal Title of Bank         Page 17 of 79
FDIC Certificate Number: 00623         RC-2

Schedule RC—Continued

 

          Dollar Amounts
in Thousands
   RCFD      Tril | Bil | Mil | Thou       

Liabilities—Continued

              

19. Subordinated notes and debentures (1)

           3200         0       19

20. Other liabilities (from Schedule RC-G)

           2930         1,396,000       20

21. Total liabilities (sum of items 13 through 20)

           2948         44,673,000       21

22. Not applicable

              

Equity Capital

              

Bank Equity Capital

              

23. Perpetual preferred stock and related surplus

           3838         0       23

24. Common stock

           3230         2,127,000       24

25. Surplus (excludes all surplus related to preferred stock)

           3839         596,000       25

26. a. Retained earnings

           3632         6,077,000       26.a

b. Accumulated other comprehensive income (2)

           B530         -38,000       26.b

c. Other equity capital components (3)

           A130         0       26.c

27. a. Total bank equity capital (sum of items 23 through 26.c)

           3210         8,762,000       27.a

b. Noncontrolling (minority) interests in consolidated subsidiaries

           3000         112,000       27.b

28. Total equity capital (sum of items 27.a and 27.b)

           G105         8,874,000       28

29. Total liabilities and equity capital (sum of items 21 and 28)

           3300         53,547,000       29

Memoranda

 

To be reported with the March Report of Condition.

              

1. Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2013

           RCFD         Number      
           6724         N/A       M.1

 

1 =

  Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank     4 =   Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)   

2 =

  Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)     5 =   Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)   
      6 =   Review of the bank’s financial statements by external auditors   

3 =

  Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm.     7 =   Compilation of the bank’s financial statements by external auditors   
      8 =   Other audit procedures (excluding tax preparation work)   
      9 =   No external audit work   

 

To be reported with the March Report of Condition.

  

RCON

   MM / DD  

2. Bank’s fiscal year-end date

   8678    N/A   M.2

 

(1) Includes limited-life preferred stock and related surplus.
(2) Includes, but is not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and accumulated defined benefit pension and other post retirement plan adjustments.
(3) Includes treasury stock and unearned Employee Stock Ownership Plan shares.