EX-25.1 7 a2071474zex-25_1.txt EXHIBIT 25.1 Exhibit 25.1 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) ________ ---------------------------------------- J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION (Exact name of trustee as specified in its charter) 95-4655078 (State of incorporation (I.R.S. employer if not a national bank) identification No.) 101 CALIFORNIA STREET, FLOOR 38 SAN FRANCISCO, CALIFORNIA 94111 (Address of principal executive offices) (Zip Code) William H. McDavid General Counsel 270 Park Avenue New York, New York 10017 Tel: (212) 270-2611 (Name, address and telephone number of agent for service) -------------------------------------------- HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED (Exact name of obligor as specified in its charter) DELAWARE 11-2534306 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification No.) 1101 PENNSYLVANIA AVENUE, SUITE 1010 WASHINGTON, DC 20004 (Address of principal executive offices) (Zip Code) 7 1/8% NOTES DUE 2007 (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. Comptroller of the Currency, Washington, D.C. Board of Governors of the Federal Reserve System, Washington, D.C. (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 16. LIST OF EXHIBITS. List below all exhibits filed as part of this statement of eligibility. Exhibit 1. Articles of Association of the Trustee as Now in Effect (see Exhibit 1 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference). Exhibit 2. Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference). Exhibit 3. Authorization of the Trustee to Exercise Corporate Trust Powers (contained in Exhibit 2). Exhibit 4. Existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Form 8K of the Southern California Water Company filing, dated December 7, 2001, which is incorporated by reference). Exhibit 5. Not Applicable Exhibit 6. The consent of the Trustee required by Section 321 (b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-41329, which is incorporated by reference). 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 2 SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, J. P. Morgan Trust Company, National Association, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of San Francisco, and State of California, on the 1st day of March, 2001. J. P. Morgan Trust Company, National Association By /s/ Stephen R. Schaaf ----------------------------------- Stephen R. Schaaf Vice President 3 EXHIBIT 7. Report of Condition of the Trustee. -------------------------------------------------------------------------------- CONSOLIDATED REPORT OF CONDITION OF J.P. MORGAN TRUST COMPANY, N.A., (FORMERLY CHASE MANHATTAN BANK AND TRUST COMPANY, N.A.) (Legal Title) LOCATED AT 1800 CENTURY PARK EAST, STE. 400 LOS ANGELES, CA 90067 --------------------------------------------------------------------- (Street) (City) (State) (Zip) AS OF CLOSE OF BUSINESS ON DECEMBER 31, 2001 ----------------------------------- ================================================================================
DECEMBER 31, ASSETS 2001 2000 ------------ --------- CASH AND DUE FROM BANKS DEMAND Currency and Coin 1,038 1,193 Cash Items in Process of Collection 239 3,098 Demand Deposits with Other Banks 18,063 27,621 Reserve with Federal Reserve Bank 354 165 ------------ --------- 19,694 32,077 INTEREST BEARING DEPOSITS WITH BANKS 1,009 4,775 FEDERAL FUNDS SOLD 237,950 99,020 INVESTMENT SECURITIES AVAILABLE- FOR-SALE U.S. Treasury 6,928 7,472 Mortgage-Backed Securities 0 41,626 Investment in Vista Money Market Fund 30 27 Investment in Goldman-Sachs US Treasury Fund 11 43 Federal Reserve Stock 6,454 6,265 ------------ --------- 13,423 55,433 4 LOANS Mortgages 1,580 1,755 Consumer (Deposit Overdrafts) 1,707 15,532 ------------ --------- 3,287 17,287 ALLOWANCE FOR POSSIBLE LOAN LOSS (184) (294) OTHER ASSETS Fixed Assets 6,916 8,266 Accrued Interest Receivable 72 2,471 Accrued Fiduciary Fees Receivable 11,808 11,536 Intangible Assets 164,520 189,324 Other 5,676 8,118 ------------ --------- 188,992 219,715 TOTAL ASSETS 464,171 428,013 ============ ========= LIABILITIES AND SHAREHOLDER'S EQUITY DEPOSIT LIABILITIES TRANSACTION ACCOUNTS Demand Deposit Accounts 20,804 24,331 NOW and IOTA Accounts 84,497 16,827 ------------ --------- 105,301 41,158 5 SAVINGS AND TIME DEPOSITS Money Market Accounts 11,379 13,652 Savings and Escrow Accounts 4,607 9,296 Non-negotiable Certificates of Deposit 3,411 28,429 ------------ --------- 19,397 51,377 OTHER LIABILITIES 44,561 52,531 SHAREHOLDER'S EQUITY Common Stock 600 600 Capital Surplus 277,264 268,311 Retained Earnings 17,011 14,448 Net Unrealized Gain/(Loss) on Securities Available-for-Sale (Net of Taxes) 37 (412) ------------ --------- 294,912 282,947 TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY 464,171 428,013 ============ ========= ============================================================================================
6