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) o
THE BANK OF NEW YORK | ||
(Exact name of trustee as specified in its charter) | ||
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New York |
| 13-5160382 |
(Jurisdiction of incorporation |
| (I.R.S. Employer |
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One Wall Street, New York, New York |
| 10286 |
(Address of principal executive offices) |
| (Zip code) |
TransDigm Inc.* | ||
(Exact name of obligor as specified in its charter) | ||
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Delaware |
| 34-1750032 |
(State or other jurisdiction of incorporation or organization) |
| (I.R.S. Employer |
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26380 Curtiss Wright Parkway |
| 44143 |
(Address of principal executive offices) |
| (Zip code) |
*See Additional Registrants below.
TransDigm Holding Company | ||
(Exact name of obligor as specified in its charter) | ||
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Delaware |
| 13-3733378 |
(State or other jurisdiction |
| (I.R.S. Employer |
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26380 Curtiss Wright Parkway |
| 44143 |
(Address of principal executive offices) |
| (Zip code) |
Champion Aerospace Inc. | ||
(Exact name of obligor as specified in its charter) | ||
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Delaware |
| 58-2623644 |
(State or other jurisdiction |
| (I.R.S. Employer |
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1230 Old Norris Road |
| 29657 |
(Address of principal executive offices) |
| (Zip code) |
Adams Rite Aerospace, Inc. | ||
(Exact name of obligor as specified in its charter) | ||
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California |
| 95-4056812 |
(State or other jurisdiction |
| (I.R.S. Employer |
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4141 North Palm Street |
| 92635 |
(Address of principal executive offices) |
| (Zip code) |
ZMP, Inc. | ||
(Exact name of obligor as specified in its charter) | ||
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California |
| 95-4056651 |
(State or other jurisdiction |
| (I.R.S. Employer |
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4141 North Palm Street |
| 92635 |
(Address of principal executive offices) |
| (Zip code) |
Christie Electronic Corp. | ||
(Exact name of obligor as specified in its charter) | ||
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California |
| 95-0987760 |
(State or other jurisdiction |
| (I.R.S. Employer |
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8301 Imperial Drive |
| 76712 |
(Address of principal executive offices) |
| (Zip code) |
Marathon Power Technologies Company | ||
(Exact name of obligor as specified in its charter) | ||
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Delaware |
| 74-2707437 |
(State or other jurisdiction |
| (I.R.S. Employer |
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8301 Imperial Drive |
| 76712 |
(Address of principal executive offices) |
| (Zip code) |
8 3/8% Senior Subordinated Notes due 2011
(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.
Superintendent of Banks of the | 2 Rector Street, New York, N.Y. 10006 | ||
Federal Reserve Bank of New York |
| 33 Liberty Plaza, New York, N.Y. 10045 | |
Federal Deposit Insurance Corporation |
| 550 17th Street, N.W., Washington, D.C. 20429 | |
New York Clearing House Association |
| New York, N.Y. 10005 | |
(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. (See Note on page 2.)
Item 16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).
1. |
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| A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.) |
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4. |
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| A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed as Exhibit 25(a) to Registration Statement No. 333-102200.) |
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6. |
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| The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 33-44051.) |
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7. |
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| A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority. |
NOTE
Inasmuch as this Form T-1 is being filed prior to the ascertainment by the Trustee of all facts on which to base a responsive answer to Item 2, the answer to said Item is based on incomplete information.
Item 2 may, however, be considered as correct unless amended by an amendment to this Form T-1.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York, 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 the 28th day of August 2003.
| THE BANK OF NEW YORK |
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| By: | /s/ Joseph A. Lloret |
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| Name: | Joseph A. Lloret | ||
| Title: | Assistant Treasurer | ||
2
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business March 31, 2003, published
in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
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| Dollar Amounts |
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ASSETS |
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Cash and balances due from depository institutions: |
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Noninterest-bearing balances and currency and coin |
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| $ | 4,389,492 |
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Interest-bearing balances |
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| 3,288,212 |
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Securities: |
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Held-to-maturity securities |
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| 654,763 |
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Available-for-sale securities |
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| 17,626,360 |
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Federal funds sold in domestic offices |
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| 1,759,600 |
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Securities purchased under agreements to resell |
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| 911,600 |
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Loans and lease financing receivables: |
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Loans and leases held for sale |
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| 724,074 |
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Loans and leases, net of unearned income |
| 32,368,718 |
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LESS: Allowance for loan and lease losses |
| 826,505 |
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Loans and leases, net of unearned income and allowance |
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| 31,542,213 |
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Trading Assets |
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| 7,527,662 |
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Premises and fixed assets (including capitalized leases) |
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| 825,706 |
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Other real estate owned |
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| 164 |
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Investments in unconsolidated subsidiaries and associated companies |
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| 260,940 |
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Customers’ liability to this bank on acceptances outstanding |
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| 225,935 |
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Intangible assets |
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Goodwill |
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| 2,027,675 |
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Other intangible assets |
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| 75,330 |
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Other assets |
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| 4,843,295 |
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Total assets |
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| $ | 76,683,021 |
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LIABILITIES |
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Deposits: |
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In domestic offices |
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| $ | 33,212,852 |
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Noninterest-bearing |
| 12,997,086 |
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Interest-bearing |
| 20,215,766 |
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In foreign offices, Edge and Agreement subsidiaries, and IBFs |
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| 24,210,507 |
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Noninterest-bearing |
| 595,520 |
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Interest-bearing |
| 23,614,987 |
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Federal funds purchased in domestic offices |
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| 375,322 |
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Securities sold under agreements to repurchase |
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| 246,755 |
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Trading liabilities |
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| 2,335,466 |
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Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases) |
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| 959,997 |
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Bank’s liability on acceptances executed and outstanding |
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| 227,253 |
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Subordinated notes and debentures |
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| 2,090,000 |
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Other liabilities |
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| 5,716,796 |
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Total liabilities |
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| $ | 69,374,948 |
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Minority interest in consolidated subsidiaries |
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| 540,772 |
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EQUITY CAPITAL |
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Perpetual preferred stock and related surplus |
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| 0 |
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Common stock |
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| 1,135,284 |
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Surplus |
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| 1,056,295 |
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Retained earnings |
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| 4,463,720 |
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Accumulated other comprehensive income |
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| 112,002 |
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Other equity capital components |
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| 0 |
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Total equity capital |
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| 6,767,301 |
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Total liabilities minority interest and equity capital |
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| $ | 76,683,021 |
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2
I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the Board of Governors of the Federal Reserve System and is true to the best of my knowledge and belief.
Thomas J. Mastro,
Senior Vice President and Comptroller
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 Board of Governors of the Federal Reserve System and is true and correct.
Thomas A. Renyi |
| Directors |
3