EX-25.1 32 dex251.htm FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 Form T-1 Statement of Eligibility under the Trust Indenture Act of 1939

Exhibit 25.1

 

 

 

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: Lynne Malina

Legal Department

60 Wall Street, 37th Floor

New York, New York 10005

(212) 250 – 0677

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

 

 

THE GYMBOREE CORPORATION

(Issuer)

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   94-2615258

(State or other jurisdiction of

incorporation or organization)

 

(IRS Employer

Identification No.)

 

 

 


Table of Additional Registrants

 

Gymboree Manufacturing, Inc.

   California      94-3206464   

Gym-Mark, Inc.

   California      94-3206459   

Gymboree Operations, Inc.

   California      94-3206463   

Gymboree Play Programs, Inc.

   California      94-3206460   

Gymboree Retail Stores, Inc.

   California      94-3206461   

S.C.C. Wholesale, Inc.

   California      27-3336588   

Gym-Card, LLC

   Virginia      26-3845720   

500 Howard Street

San Francisco, California 94105

(Address of principal executive offices)

9.125% Senior Notes due 2018

(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.

NONE.

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 25, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated December 16, 1998, 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. 333-157637-01.
Exhibit 2 -    Certificate of Authority to commence business - Incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 333-157637-01.
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. 333-157637-01.
Exhibit 4 -    Existing By-Laws of Deutsche Bank Trust Company Americas, as amended on April 15, 2002 business - Incorporated herein by reference to Exhibit 4 filed with Form T-1 Statement, Registration No. 333-157637-01.
Exhibit 5 -    Not applicable.
Exhibit 6 -    Consent of Bankers Trust Company required by Section 321(b) of the Act. - business - Incorporated herein by reference to Exhibit 6 filed with Form T-1 Statement, Registration No. 333-157637-01.
Exhibit 7 -    The latest report of condition of Deutsche Bank Trust Company Americas dated as of December 31, 2010. Copy attached.
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 10th day of May, 2011.

 

DEUTSCHE BANK TRUST COMPANY AMERICAS
By:  

/s/ Carol Ng

  Name:  Carol Ng
  Title:  Vice President


LOGO

DEUTSCHE BANK TRUST COMPANY AMERICAS

Legal Title of Bank

NEW YORK

City

NY 10005

State Zip Code

FFIEC 031 Page RC-1

14

FDIC Certificate Number: 00623 Printed on 2/4/2011 at 4:16 PM

Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for December 31, 2010

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 297,000 1.a

b. Interest-bearing balances (2) 0071 15,328,000 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 1,835,000 2.b

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

a. Federal funds sold in domestic offices B987 142,000 3.a

RCFD

b. Securities purchased under agreements to resell (3) B989 3,021,000 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 13,457,000 4.b

c. LESS: Allowance for loan and lease losses 3123 137,000 4.c

d. Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) B529 13,320,000 4.d

5. Trading assets (from Schedule RC-D) 3545 6,107,000 5

6. Premises and fixed assets (including capitalized leases) 2145 41,000 6

7. Other real estate owned (from Schedule RC-M) 2150 26,000 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 59,000 10.b

11. Other assets (from Schedule RC-F) 2160 5,328,000 11

12. Total assets (sum of items 1 through 11) 2170 45,504,000 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.

26361230_1

201193.1


LOGO

DEUTSCHE BANK TRUST COMPANY AMERICAS FFIEC 031

Legal Title of Bank Page RC-2

FDIC Certificate Number: 00623 15

Printed on 2/4/2011 at 4:16 PM

Schedule RC—Continued

Dollar Amounts in Thousands Tril | Bil | Mil | Thou

LIABILITIES

13. Deposits: RCON

a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I) 2200 17,745,000 13.a

(1) Noninterest-bearing (1) 6631 9,165,000 13.a.1

(2) Interest-bearing 6636 8,580,000 13.a.2

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

(from Schedule RC-E, part II) 2200 7,769,000 13.b

(1) Noninterest-bearing 6631 2,566,000 13.b.1

(2) Interest-bearing 6636 5,203,000 13.b.2

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

a. Federal funds purchased in domestic offices (2) B993 7,656,000 14.a

RCFD

b. Securities sold under agreements to repurchase (3) B995 0 14.b

15. Trading liabilities (from Schedule RC-D) 3548 256,000 15

16. Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M) 3190 270,000 16

17. and 18. Not applicable

19. Subordinated notes and debentures (4) 3200 0 19

20. Other liabilities (from Schedule RC-G) 2930 2,191,000 20

21. Total liabilities (sum of items 13 through 20) 2948 35,887,000 21

22. Not applicable

EQUITY CAPITAL

Bank Equity Captal

23. Perpetual preferred stock and related surplus 3838 1,500,000 23

24. Common stock 3230 2,127,000 24

25. Surplus (excludes all surplus related to preferred stock) 3839 592,000 25

26. a. Retained earnings 3632 4,989,000 26.a

b. Accumulated other comprehensive income (5) B530 23,000 26.b

c. Other equity capital components (6) A130 0 26.c

27. a. Total bank equity capital (sum of items 23 through 26.c) 3210 9,231,000 27.a

b. Noncontrolling (minority) interests in consolidated subsidiaries 3000 386,000 27.b

28. Total equity capital (sum of items 27.a and 27.b) G105 9,617,000 28

29. Total liabilities and equity capital (sum of items 21 and 28) 3300 45,504,000 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 2009 RCFD 6724 Number 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

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 management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm.

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)

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

To be reported with the March Report of Condition.

2. Bank’s fiscal year-end date RCON 8678 MM / DD

N/A M.2

(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 repurchase 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.

201193.1

26361230_1