EX-25.1 9 ex251.htm EXHIBIT 25.1 STATEMENT OF ELIGIBILITY ON FORM T-1 Exhibit 25.1 Statement of Eligibility on Form T-1



 
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)

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)
_____________________________

BERRY PLASTICS HOLDING CORPORATION1
(Exact name of obligor as specified in its charter)
 

Delaware
35-1814673
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
 
101 Oakley Street
Evansville, Indiana 47710
(Address of principal executive offices)
_____________________________ 
10¼% Senior Subordinated Notes due 2016
(Title of the indenture securities)
 


1 See Table 1 - List of additional obligors

 

 
Table 1

Exact Name
Jurisdiction of Organization
I.R.S. Employer Identification No.
Name, Address and Telephone Number of Principal Executive Offices
Berry Plastics Corporation
Delaware
35-1813706
101 Oakley Street, Evansville, Indiana 47710
Aerocon, Inc.
Delaware
35-1948748
101 Oakley Street, Evansville, Indiana 47710
Berry Iowa Corporation
Delaware
42-1382173
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Design Corporation
Delaware
62-1689708
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Technical Services, Inc.
Delaware
57-1029638
101 Oakley Street, Evansville, Indiana 47710
Berry Sterling Corporation
Delaware
54-1749681
101 Oakley Street, Evansville, Indiana 47710
CPI Holding Corporation
Delaware
34-1820303
101 Oakley Street, Evansville, Indiana 47710
Knight Plastics, Inc.
Delaware
35-2056610
101 Oakley Street, Evansville, Indiana 47710
Packerware Corporation
Delaware
48-0759852
101 Oakley Street, Evansville, Indiana 47710
Pescor, Inc.
Delaware
74-3002028
101 Oakley Street, Evansville, Indiana 47710
Poly-Seal Corporation
Delaware
52-0892112
101 Oakley Street, Evansville, Indiana 47710
Venture Packaging, Inc.
Delaware
51-0368479
101 Oakley Street, Evansville, Indiana 47710
Venture Packaging Midwest, Inc.
Delaware
34-1809003
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation III
Delaware
37-1445502
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation V
Delaware
36-4509933
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation VII
Delaware
30-0120989
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation VIII
Delaware
32-0036809
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation IX
Delaware
35-2184302
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation X
Delaware
35-2184301
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation XI
Delaware
35-2184300
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation XII
Delaware
35-2184299
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation XIII
Delaware
35-2184298
101 Oakley Street, Evansville, Indiana 47710
Berry Plastics Acquisition Corporation XV, LLC
Delaware
35-2184293
101 Oakley Street, Evansville, Indiana 47710
Kerr Group, Inc.
Delaware
95-0898810
101 Oakley Street, Evansville, Indiana 47710
Saffron Acquisition Corporation
Delaware
94-3293114
101 Oakley Street, Evansville, Indiana 47710
Setco, LLC
Delaware
56-2374074
101 Oakley Street, Evansville, Indiana 47710
Sun Coast Industries, Inc.
Delaware
59-1952968
101 Oakley Street, Evansville, Indiana 47710
Tubed Products, LLC
Delaware
56-2374082
101 Oakley Street, Evansville, Indiana 47710
Cardinal Packaging, Inc.
Ohio
34-1396561
101 Oakley Street, Evansville, Indiana 47710
Landis Plastics, Inc.
Illinois
36-2471333
101 Oakley Street, Evansville, Indiana 47710
Covalence Specialty Adhesives LLC
Delaware
20-4104683
101 Oakley Street, Evansville, Indiana 47710
Covalence Specialty Coatings LLC
Delaware
20-4104683
101 Oakley Street, Evansville, Indiana 47710
Rollpak Acquisition Corporation
Indiana
03-0512845
101 Oakley Street, Evansville, Indiana 47710
Rollpak Corporation
Indiana
35-1582626
101 Oakley Street, Evansville, Indiana 47710
 




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 and Fiduciary Powers for Wells Fargo Bank, National  Association, dated February 4, 2004.**
 
Exhibit 3. See Exhibit 2

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 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.

** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25.1 to the Form S-4 dated May 26, 2005 of Penn National Gaming, Inc. file number 333-125274.




 

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 Middletown and State of Connecticut on the 2nd day of May 2007.


WELLS FARGO BANK, NATIONAL ASSOCIATION

/s/ Jane Y. Schweiger 
Jane Y. Schweiger
Vice President




EXHIBIT 6




May 2, 2007


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/ Jane Y. Schweiger 
Jane Y. Schweiger
Vice President







Exhibit 7


Consolidated Report of Condition of

Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business December 31, 2006, filed in accordance with 12 U.S.C. §161 for National Banks.
 

Assets
 
Dollar Amounts
In Millions
 
Cash and balances due from depository institutions
     
Noninterest-bearing balances and currency and coin
 
$
15,071
 
Interest-bearing balances
   
1,332
 
Securities:
       
Held-to-maturity securities
   
0
 
Available-for-sale securities
   
37,720
 
Federal funds sold and securities purchased under agreements to resell:
       
Federal funds sold in domestic offices
   
4,141
 
Securities purchased under agreements to resell
   
1,130
 
Loans and lease financing receivables:
       
Loans and leases held for sale
   
33,751
 
Loans and leases, net of unearned income
   
252,936
 
LESS: Allowance for loan and lease losses
   
    2,088
 
Loans and leases, net of unearned income and allowance
   
250,848
 
Trading Assets 
   
3,060
 
Premises and fixed assets (including capitalized leases)
   
4,045
 
Other real estate owned 
   
557
 
Investments in unconsolidated subsidiaries and associated companies
   
419
 
Intangible assets
       
Goodwill
   
8,995
 
Other intangible assets
   
18,458
 
Other assets
   
19,144
 
         
Total assets
 
$
398,671
 
         
LIABILITIES
       
Deposits:
       
In domestic offices
 
$
272,350
 
Noninterest-bearing
   
  76,347
 
Interest-bearing
   
196,003
 
In foreign offices, Edge and Agreement subsidiaries, and IBFs
   
39,196
 
Noninterest-bearing
   
       12
 
Interest-bearing
   
39,184
 
Federal funds purchased and securities sold under agreements to repurchase:
       
Federal funds purchased in domestic affairs
   
4,271
 
Securities sold under agreements to repurchase
   
5,631
 
 
 

 
Trading Liabilities
   
2,145
 
Other borrowed money
       
(includes mortgage indebtedness and obligations under capitalized leases)
   
7,119
 
Subordinated notes and debentures
   
10,164
 
Other liabilities
   
17,464
 
         
Total liabilities
   
358,340
 
         
Minority interest in consolidated subsidiaries
   
61
 
         
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
   
0
 
Common stock
   
520
 
Surplus (exclude all surplus related to preferred stock)
   
24,751
 
Retained Earnings
   
14,549
 
Accumulated other comprehensive income
   
450
 
Other equity capital components
   
0
 
Total equity capital
   
40,270
 
Total liabilities, minority interest, and equity capital
 
$
398,671
 

 
I, Karen B. Nelson, Vice President 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.

 
Karen B. Nelson
Vice President

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.


Avid Modijtabai
John Stumpf    Directors
Carrie Tolstedt