EX-25.1 49 a2177184zex-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
(Exact name of trustee as specified in its charter)

 

New York

 

13-5160382

(State of incorporation
if not a U.S. national bank)

 

(I.R.S. employer
identification no.)

 

 

 

One Wall Street, New York, N.Y.

 

10286

(Address of principal executive offices)

 

(Zip code)

 

ReAble Therapeutics Finance LLC

ReAble Therapeutics Finance Corp.

(Exact name of obligor as specified in its charter)

 

(See attached pages for additional obligors)

 

Delaware

 

20-5653965

Delaware

 

20-5653825

(State or other jurisdiction of

 

(I.R.S. employer identification no.)

incorporation or organization)

 

 

 

 

 

9800 Metric Boulevard

 

78758

Austin, TX

 

(Zip code)

(Address of principal executive offices)

 

 

 


 

11.75% Senior Subordinated Notes Due 2014 and Guarantees Thereof

(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

 

 

 

Superintendent of Banks of the State of New York

 

2 Rector Street

New York, N.Y. 10006

and Albany, N.Y. 12203

 

 

 

Federal Reserve Bank of New York

 

33 Liberty Plaza, New York, N.Y. 10045

 

 

 

Federal Deposit Insurance Corporation

 

Washington, D.C. 20429

 

 

 

New York Clearing House Association

 

New York, N. Y. 10005

 

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.

 

None.

 

Items 3-15.            Not Applicable.

 

Item 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 Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.)

 

2.                                       A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.)

 

3.                                       The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.)

 



 

4.                                       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.

 

SIGNATURE

 

Pursuant to the requirements of the Act, the Trustee, The Bank of New York, 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 the 3rd day of April, 2007.

 

 

 

THE BANK OF NEW YORK

 

 

 

 

 

By:

/s/ Mary LaGumina

 

 

 

 

Name: Mary LaGumina

 

 

 

Title: Vice President

 



EXHIBIT 7

 

Consolidated Report of Condition of

THE BANK OF NEW YORK

of One Wall Street, New York, N.Y. 10286

And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business December 31, 2006, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

 

 

Dollar Amounts
In Thousands

 

ASSETS

 

 

 

Cash and balances due from depository institutions:

 

 

 

Noninterest-bearing balances and currency and coin

 

$

3,375.000

 

Interest-bearing balances

 

11,937,000

 

Securities:

 

 

 

Held-to-maturity securities

 

1,729,000

 

Available-for-sale securities

 

17,675,000

 

Federal funds sold and securities purchased under agreements to resell

 

 

 

Federal funds sold in domestic offices

 

3,953,000

 

Securities purchased under agreements to resell

 

162,000

 

Loans and lease financing receivables:

 

 

 

Loans and leases held for sale.

 

0

 

Loans and leases, net of unearned income

 

30,730,000

 

LESS: Allowance for loan and lease losses

 

286,000

 

Loans and leases, net of unearned income and allowance

 

30,444,000

 

Trading Assets

 

5,047,000

 

Premises and fixed assets (including capitalized leases)

 

830,000

 

Other real estate owned

 

1,000

 

Investments in unconsolidated subsidiaries and associated companies

 

292,000

 

Not applicable

 

 

 

Intangible assets:

 

 

 

Goodwill

 

2,747,000

 

Other intangible assets

 

981,000

 

Other assets

 

6,814,000

 

Total assets

 

$

85,987,000

 

 



 

LIABILITIES

 

 

 

Deposits:

 

 

 

In domestic offices

 

$

30,000,000

 

Noninterest-bearing

 

19,293,000

 

Interest-bearing

 

10,707,000

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

33,219,000

 

Noninterest-bearing

 

472,000

 

Interest-bearing

 

32,747,000

 

Federal funds purchased and securities sold under agreements to repurchase

 

 

 

Federal funds purchased in domestic offices.

 

671,000

 

Securities sold under agreements to repurchase

 

185,000

 

Trading liabilities

 

2,479,000

 

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases).

 

2,076,000

 

Not applicable

 

 

 

Not applicable

 

 

 

Subordinated notes and debentures

 

1,955,000

 

Other liabilities

 

6,527,000

 

Total liabilities

 

$

77,112,000

 

Minority interest in consolidated subsidiaries

 

144,000

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus.

 

0

 

Common stock

 

1,135,000

 

Surplus (exclude all surplus related to preferred stock)

 

2,134,000

 

Retained earnings

 

5,769,000

 

Accumulated other comprehensive income

 

-307,000

 

Other equity capital components

 

0

 

Total equity capital

 

8,731,000

 

Total liabilities, minority interest, and equity capital

 

$

85,987,000

 

 

ii



 

I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

 

Thomas J. Mastro,

Senior Vice President and Comptroller

 

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.

 

Thomas A. Renyi
Gerald L. Hassell

Alan R. Griffith

 

Directors

 

iii