EX-25.1 7 a2178570zex-25_1.htm 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

o 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)

UNIVERSAL HOSPITAL SERVICES, INC.

(Exact name of obligor as specified in its charter)

 

Delaware

41-0760940

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

 

 

7700 France Avenue South

 

Suite 275

 

Edina, Minnesota

55435

(Address of principal executive offices)

(Zip code)

 

Universal Hospital Services, Inc. Second Lien Senior Secured Floating Rate Notes due 2015

Universal Hospital Services, Inc. 8.50%/9.25% Second Lien Senior Secured PIK Toggle Notes due 2015

 

 


 

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.  20230

 

                                                Federal Deposit Insurance Corporation

                                                Washington, D.C.  20429

 

                                                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 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 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 Minneapolis and State of Minnesota on the 23rd day of August, 2007.

 

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

/s/ Lynn M. Steiner

 

 

Lynn M. Steiner

 

Vice President

 


 

EXHIBIT 6

 

 

 

 

August 23, 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/ Lynn M. Steiner

 

 

Lynn M. Steiner

 

Vice President

 


 

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 June 30, 2007, filed in accordance with 12 U.S.C. §161 for National Banks.

 

 

 

 

 

Dollar Amounts

 

 

 

 

 

In Millions

 

ASSETS

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

 

Noninterest-bearing balances and currency and coin

 

 

 

$

13,030

 

Interest-bearing balances

 

 

 

1,428

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

0

 

Available-for-sale securities

 

 

 

65,310

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold in domestic offices

 

 

 

6,864

 

Securities purchased under agreements to resell

 

 

 

1,160

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

21,153

 

Loans and leases, net of unearned income

 

263,595

 

 

 

LESS: Allowance for loan and lease losses

 

2,526

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

261,069

 

Trading Assets

 

 

 

4,809

 

Premises and fixed assets (including capitalized leases)

 

 

 

4,197

 

Other real estate owned

 

 

 

754

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

402

 

Intangible assets

 

 

 

 

 

Goodwill

 

 

 

9,231

 

Other intangible assets

 

 

 

19,954

 

Other assets

 

 

 

19,363

 

 

 

 

 

 

 

Total assets

 

 

 

$

428,724

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

Deposits:

 

 

 

 

 

In domestic offices

 

 

 

$

263,665

 

Noninterest-bearing

 

70,876

 

 

 

Interest-bearing

 

192,789

 

 

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

 

 

 

48,659

 

Noninterest-bearing

 

6

 

 

 

Interest-bearing

 

48,653

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased in domestic offices

 

 

 

10,136

 

Securities sold under agreements to repurchase

 

 

 

6,375

 

 


 

 

 

 

 

Dollar Amounts

 

 

 

 

 

In Millions

 

Trading liabilities

 

 

 

2,695

 

Other borrowed money

 

 

 

 

 

(includes mortgage indebtedness and obligations under capitalized leases)

 

 

 

27,804

 

Subordinated notes and debentures

 

 

 

10,140

 

Other liabilities

 

 

 

20,533

 

 

 

 

 

 

 

Total liabilities

 

 

 

$

390,007

 

 

 

 

 

 

 

Minority interest in consolidated subsidiaries

 

 

 

62

 

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

 

0

 

Common stock

 

 

 

520

 

Surplus (exclude all surplus related to preferred stock)

 

 

 

24,751

 

Retained earnings

 

 

 

13,469

 

Accumulated other comprehensive income

 

 

 

(85

)

Other equity capital components

 

 

 

0

 

 

 

 

 

 

 

Total equity capital

 

 

 

38,655

 

 

 

 

 

 

 

Total liabilities, minority interest, and equity capital

 

 

 

$

428,724

 

 

 

I, Howard I. Atkins, EVP & CFO 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.

 

 

Howard I. Atkins
EVP & CFO    

 

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.

 

 

Michael Loughlin

 

John Stumpf

Directors

Dave Hoyt