EX-25.1 8 dex251.htm STATEMENT OF ELIGIBILITY ON FORM T-1 Statement of Eligibility on Form T-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)

 


 

Bank One Trust Company, National Association

(Exact name of trustee as specified in its charter)

 

A National Banking Association  

31-0838515

   

(I.R.S. employer

identification number)

100 East Broad Street, Columbus, Ohio  

43271-0181

(Address of principal executive offices)  

(Zip Code)

 

Bank One Trust Company, N.A.

1 Bank One Plaza

Chicago, Illinois 60670

Attn: Sandra L. Caruba, Senior Counsel, (312) 336-9436

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

 


 

AUTOZONE, INC.

(Exact name of obligor as specified in its charter)

 

Nevada  

62-1482048

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. employer

identification number)

123 South Front Street    
Memphis, Tennessee  

38103

(Address of principal executive offices)  

(Zip Code)

 

Debt Securities

(Title of 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 Currency, Washington, D.C.; Federal Deposit Insurance Corporation, Washington, D.C.; The Board of Governors of the Federal Reserve System, Washington D.C.
     (b)    Whether it is authorized to exercise corporate trust powers.
     The trustee is authorized to exercise corporate trust powers.
Item 2.   

Affiliations With the Obligor.    If the obligor is an affiliate of the trustee, describe each such affiliation.

     No such affiliation exists with the trustee.
Item 16.    List of exhibits.    List below all exhibits filed as a part of this Statement of Eligibility.
     1. A copy of the articles of association of the trustee now in effect.*
     2. A copy of the certificate of authority of the trustee to commence business.*
     3. A copy of the authorization of the trustee to exercise corporate trust powers.*
     4. A copy of the existing by-laws of the trustee.*
     5. Not Applicable.
     6. The consent of the trustee required by Section 321(b) of the Act.


        

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.
    Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Bank One Trust Company, 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 Chicago and State of Illinois, on the 30th day of July, 2003.

 

Bank One Trust Company, National Association, Trustee

 

By /s/Sandra L. Caruba
        Sandra L. Caruba
        Senior Counsel

 

*   Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits bearing identical numbers in Item 16 of the Form T-1 of Bank One Trust Company, National Association, filed as Exhibit 25 to the Registration Statement on Form S-3 of Burlington Northern Santa Fe Corporation, filed with the Securities and Exchange Commission on May 10, 2000 (Registration No. 333-36718).


EXHIBIT 6

 

THE CONSENT OF THE TRUSTEE REQUIRED

BY SECTION 321(b) OF THE ACT

 

July 30, 2003

 

Securities and Exchange Commission

Washington, D.C. 20549

 

Ladies and Gentlemen:

 

In connection with the qualification of an indenture between AutoZone, Inc. and Bank One Trust Company, N.A., as Trustee, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the reports of examinations of the undersigned, made by Federal or State authorities authorized to make such examinations, may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Very truly yours,

 

Bank One Trust Company, National Association

 

 

By:    /s/  Sandra L. Caruba

        Sandra L. Caruba

        Senior Counsel


Bank One Trust Company, N.A.


           
Legal Title of Bank          

Columbus


         

FFIEC 041

RC-1

City          

OH                                                           43271


         

11


State                                                                             Zip  Code          

 

FDIC Certificate Number – 21377

 

Consolidated Report of Condition for Insured Commercial

and State-Chartered Savings Banks for March 31, 2003

 

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


   RCON

   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)

             0061    1,055,689    1.a

      b. Interest-bearing balances (2)

             0071    0    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    119    2.b

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

                        

      a. Federal funds sold

             B987    716,920    3.a

      b. Securities purchased under agreements to resell (3)

             B969    397,102    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    95,531              4.b

      c. LESS: Allowance for loan and lease losses

   3123    424              4.c

      d. Loans and leases, net of unearned income and allowance (Item 4.b minus 4.c)

             B529    95,107    4.d

  5. Trading assets (from Schedule RC-D)

             3545    0    5

  6. Premises and fixed assets (including capitalized leases)

             2145    13,421    6

  7. Other real estate owned (from Schedule RC-M)

             2150    0    7

  8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

             2130    0    8

  9. Customers’ liability to this bank on acceptances outstanding

             2155    0    9

10. Intangible assets

                        

      a. Goodwill

             3163    0    10.a

      b. Other intangible assets (from Schedule RC-M)

             0426    5,567    10.b

11. Other assets (from Schedule RC-F)

             2160    372,249    11

12. Total assets (sum of items 1 through 11)

             2170    2,656,174    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, regardless of maturity.


Bank One Trust Company, N.A.


         

FFIEC 041

RC-2

Legal Title of Bank          
           

12


           

 

FDIC Certificate Number – 21377

 

Schedule RC – Continued

 

Dollar Amounts in Thousands


   RCON

   Bil | Mil | Thou

    

LIABILITIES

                        

13. Deposits:

                        

      a. In domestic offices (sum of totals of columns A and C from Schedule RC-E)

             2200    1,524,707    13.a

          (1) Noninterest-bearing (1)

   6631    966,383              13.a.1

          (2) Interest-bearing

   6636    558,324              13.a.2

      b. Not applicable

                        

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

                        

      a. Federal funds purchased (2)

             B993    0    14.a

      b. Securities sold under agreements to repurchase (3)

             B995    0    14.b

15. Trading liabilities (from Schedule RC-D)

             3548    0    15

16. Other borrowed money (includes mortgage indebtedness and obligations under

      capitalized leases) (from Schedule RC-M):

             3190    0    16

17. Not applicable

                        

18. Bank’s liability on acceptances executed and outstanding

             2920    0    18

19. Subordinated notes and debentures (4)

             3200    0    19

20. Other liabilities (from Schedule RC-G)

             2930    933,994    20

21. Total liabilities (sum of items 13 through 20)

             2948    2,458,701    21

22. Minority interest in consolidated subsidiaries

             3000    0    22

EQUITY CAPITAL

                        

23. Perpetual preferred stock and related surplus

             3838    0    23

24. Common stock

             3230    800    24

25. Surplus (exclude all surplus related to preferred stock)

             3839    45,157    25

26. a. Retained earnings

             3632    151,514    26.a

      b. Accumulated other comprehensive income (5)

             B530    2    26.b

27. Other equity capital components (6)

             A130    0    27

28. Total equity capital (sum of items 23 through 27)

             3210    372,249    28

29. Total liabilities, minority interest, and equity capital (sum of items 21, 22 and 28)

             3300    2,656,174    29

 

Memorandum

To be reported with the March Report of Condition.

     RCON

   Number

    

  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 2002

   6724    2    M.1

 

1=

  Independent audit of the bank conducted in accordance    4=   Directors’ examination of the bank conducted
    with generally accepted auditing standards by a certified        in accordance with generally accepted auditing
    public accounting firm which submits a report on the bank        standards by a certified public accounting firm

2=

  Independent audit of the bank’s parent holding company        (may be required by state chartering authority)
    conducted in accordance with generally accepted auditing    5=   Directors’ examination of the bank performed by
    standards by a certified public accounting firm which        other external auditors (may be required by state
    submits a report on the consolidated holding company (but        chartering authority)
    not on the bank separately)    6=   Review of the bank’s financial statements by

3=

  Attestation on bank management’s assertion on the        external auditors
    effectiveness of the bank’s internal control over financial    7=   Compilation of the bank’s financial statements by
    reporting by a certified public accounting firm        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 repurchase agreements, 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, and minimum pension liability adjustments.
(6)   Includes treasury stock and unearned Employee Stock Ownership Plan shares.