EX-25.2 23 l26296bexv25w2.htm EX-25.2 EX-25.2
 

Exhibit 25.2
 
 
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) o
LASALLE BANK NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
36-0884183
(I.R.S. Employer
Identification No.)
135 South LaSalle Street, Chicago, Illinois 60603
(Address of principal executive offices) (Zip Code)
 

Guy Rounsaville
Executive Vice President
General Counsel
Telephone: (312) 904-5469
135 South LaSalle Street, Suite 925
Chicago, Illinois 60603
(Name, address and telephone number of agent for service)
 

General Nutrition Centers, Inc.
(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization) 		  72-1575168
(I.R.S. Employer
Identification No.)
     
300 Sixth Avenue
Pittsburgh, Pennsylvania
(Address of principal executive offices) 		  15222
(Zip Code)
 

10.75% Senior Subordinated Exchange Notes due 2015
(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.
  1.   Comptroller of the Currency, Washington D.C.
 
  2.   Federal Deposit Insurance Corporation, Washington, D.C.
 
  3.   The Board of Governors of the Federal Reserve Systems, Washington, D.C.
  (b)   Whether it is authorized to exercise corporate trust powers.
                       Yes.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
If the obligor is an affiliate of the trustee, describe each such affiliation.
Not Applicable
 
*   Pursuant to General Instruction B, the trustee has responded only to items 1, 2 and 16 of this form since to the best knowledge of the trustee the obligor is not in default under any indenture under which the trustee is a trustee.

 

 

ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of eligibility and qualification.
  1.   A copy of the Articles of Association of LaSalle Bank National Association now in effect. (incorporated herein by reference to Exhibit 1 to Form T-1 filed as Exhibit 25 to Form S-3, dated June 28, 2006, in File No. 333-135417).
 
  2.   A copy of the certificate of authority to commence business (incorporated herein by reference to Exhibit 2 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).
 
  3.   A copy of the authorization to exercise corporate trust powers (incorporated herein by reference to Exhibit 3 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).
 
  4.   A copy of the existing By-Laws of LaSalle Bank National Association (incorporated herein by reference to Exhibit 4 filed with Form T-1 filed as Exhibit 25 to Form S-3, dated June 28, 2006, in File No. 333-135417).
 
  5.   Not applicable.
 
  6.   The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939 (incorporated herein by reference to Exhibit 6 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).
 
  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.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, LaSalle Bank National Association, a corporation 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 Chicago, State of Illinois, on the                      day of July, 2007.
         
  LASALLE BANK NATIONAL ASSOCIATION
 		  
  By:   /s/ Thomas Popovics    
    Name:   Thomas Popovics   
    Title:   Assistant Vice President   
 

 

 

                         
LaSalle Bank N.A.
  Call Date: 3/31/2007   ST-BK: 17-1520   FFIEC       031
135 South LaSalle Street
          Page     RC-1
Chicago, IL 60603
  Vendor ID: D   CERT: 15407     11          
 
                        
Transit Number: 71000505
                        
Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for March 31, 2007
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      
 
ASSETS
                    
1.
   Cash and balances due from depository institutions (from Schedule RC-A):   RCFD            
 
                  
 
   a. Noninterest-bearing balances and currency and coin (1)   0081     1,921,842     1.a
 
   b. Interest-bearing balances (2)   0071     8,054     1.b
2.
   Securities:                
 
   a. Held-to-maturity securities (from Schedule RC-B, column A)   1754     44,355     2.a
 
   b. Available-for-sale securities (from Schedule RC-B, column D)   1773     20,142,854     2.b
3.
   Federal funds sold and securities purchased under agreements to resell                
 
   a. Federal funds sold in domestic offices   B987     129,310     3.a
 
   b. Securities purchased under agreements to resell (3)   B989     260,664     3.b
4.
   Loans and lease financing receivables (from schedule RC-C)                
 
   a. Loans and leases held for sale   5369     3,461,116     4.a
 
   b. Loans and leases, net of unearned income   B528     43,180,219      
 
   c. LESS: Allowance for loan and lease losses   3123     712,750     4.c
 
   d. Loans and leases, net of unearned income,                
 
       allowance, and reserve (item 4.a minus 4.b and 4.c)   B529     42,467,469     4.d
5.
   Trading assets (from Schedule RC-D)   3545     1,439,792     5.
6.
   Premises and fixed assets (including capitalized leases)   2145     240,020     6.
7.
   Other real estate owned (from Schedule RC-M)   2150     13,234     7.
8.
   Investments in unconsolidated subsidiaries and associated companies (from                
 
   Schedule RC-M)   2130     0     8.
9.
   Not applicable                
10.
   Intangible assets (from Schedule RC-M)                
 
   a. Goodwill   3163     165,599     10.a
 
   b. Other Intangible assets   0426     0     10.b
11.
   Other assets (from Schedule RC-F)   2160     4,757,499     11.
12.
   Total assets (sum of items 1 through 11)   2170     75,051,808     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.

 

 

                         
LaSalle Bank N.A.
  Call Date: 3/31/2007   ST-BK: 17-1520   FFIEC       031
135 South LaSalle Street
          Page     RC-2
Chicago, IL 60603
  Vendor ID: D   CERT: 15407     12          
 
                        
Transit Number: 71000505
                        
Schedule RC — Continued
                     
            Dollar Amounts in Thousands      
 
LIABILITIES
                
13.
   Deposits:                
 
   a. In domestic offices (sum of totals of   RCON            
 
                  
 
       columns A and C from Schedule RC-E, part I)   2200     39,334,984     13.a
 
       RCON            
 
                  
 
   (1) Noninterest-bearing (1)   6631     6,722,447     13.a.1
 
   (2) Interest-bearing   6636     32,612,537     13.a.2
 
       RCFN            
 
                  
 
   b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from                
 
       Schedule RC-E, part II)   2200     5,147,435     13.b
 
       RCFN            
 
                  
 
   (1) Noninterest-bearing   6631     0     13.b.1
 
   (2) Interest-bearing   6636     5,147,435     13.b.2
 
       RCON            
 
                  
14.
   Federal funds purchased and securities sold under agreements to repurchase:                
 
   a. Federal funds purchased in domestic offices (2)   B993     6,453,541     14.a
 
       RCFD            
 
                  
 
   b. Securities sold under agreements to repurchase (3)   B995     1,847,663     14.b
15.
   Trading liabilities (from Schedule RC-D)   3548     435,442     15
 
                    
16.
   Other borrowed money (includes mortgage indebtedness and obligations under   3190     11,120,832     16
 
   capitalized leases): From schedule RC-M                
 
                    
17.
   Not applicable                
18.
   Not applicable                
19.
   Subordinated notes and debentures (4)   3200     540,000     19.
20.
   Other liabilities (from Schedule RC-G)   2930     3,055,259     20.
21.
   Total liabilities (sum of items 13 through 20)   2948     67,935,156     21.
22.
   Minority Interest in consolidated subsidiaries   3000     62,299     22.
 
                    
EQUITY
   CAPITAL                
 
                    
 
       RCFD            
 
                  
23.
   Perpetual preferred stock and related surplus   3838     500,000     23.
24.
   Common stock   3230     41,234     24.
25.
   Surplus (exclude all surplus related to preferred stock)   3839     2,010,375     25.
26.
   a. Retained Earnings   3632     4,282,192     26.a
 
   b. Accumulated Other Comprehensive income.(5)   B530     220,552     26.b
27.
   Other Equity capital components (6)   3284     0     27.
28.
   Total equity capital (sum of items 23 through 27)   3210     7,054,353     28.
29.
   Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)   3300     75,051,808     29.
 
                    
Memorandum                  
To be reported only 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     RCFD    Number     
 
   the bank by independent external auditors as of any date during 2001   6724   2     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
 
        
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)
 
        
3
  =   Attestation on bank managements assertion on the effectiveness of the banks internal control over financial reporting by a certified public accounting firm. with generally accepted auditing standards by a certified public accounting firm
 
        
4
  =   Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified accounting firm. (may be required by state chartering authority)
 
        
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
 
        
7
  =   Compilation of the bank’s financial statements by external auditors
 
        
8
  =   Other audit procedures (excluding tax preparation work)
 
        
9
  =   No external audit work
 
(1)   Includes total demand deposits and noninterest-bearing time and savings deposits.
 
(2)   Report overnight Federal Home Loan Bank advances in Schedule RC, item 16 “other borrowed money.”
 
(3)   Includes all securities repurchased agreements in domestic and foreign offices, regardless of maturity.
 
(4)   Includes limited-life preferred stock and related surplus.
 
(5)   Includes net unrealized holding gains(losses) on available for sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
 
(6)   Includes treasury stock and unearned Employee Stock Ownership plan shares.