Exhibit 25.3
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)______
THE CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)
New York 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 Park Avenue
New York, New York 10017
(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)
TRITON ENERGY LIMITED
(Exact name of obligor as specified in its charter)
Cayman Islands Not Applicable
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
Caledonian House
Mary Street, P.O. Box 1043
George Town, Grand Cayman, Cayman Islands Not Applicable
(Address of principal executive offices) (Zip Code)
Subordinated Debt Securities
(Title of the indenture securities)
GENERAL
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.
New York State Banking Department, State House, Albany, New
York 12110.
Board of Governors of the Federal Reserve System, Washington,
D.C., 20551
Federal Reserve Bank of New York, District No. 2, 33 Liberty
Street, New York, N.Y.
Federal Deposit Insurance Corporation, Washington, D.C.,
20429.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. Affiliation with the 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 a part of this Statement of
Eligibility.
1. A copy of the Articles of Association of the Trustee as now in
effect, including the Organization Certificate and the Certificates of
Amendment dated February 17, 1969, August 31, 1997, December 31, 1980,
September 9, 1982, February 28, 1985, December 2, 1991 and July 10, 1996 (see
Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 33-
50010, which is incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to
Commence Business (see Exhibit 2 to Form T-1 filed in connection with
Registration Statement No. 33-50010, which is incorporated by reference).
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to
Form T-1 filed in connection with Registration Statement No. 333-06249, which
is incorporated by reference).
5. Not applicable.
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. 33-50010, which is incorporated by reference).
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.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, Chemical Bank, 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 9th day of August, 1996.
THE CHASE MANHATTAN BANK
By /s/ Gregory McFarlane
---------------------
Gregory McFarlane
Vice President
Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
The Chase Manhattan Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business March 31, 1996, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts
ASSETS in Millions
Cash and balances due from depository
institutions:
Noninterest-bearing balances and
currency and coin . . . . . . . $3,391
Interest-bearing balances . . . . . . . . 2,075
Securities:
Held to maturity securities . . . . . . . . . 3,607
Available for sale securities . . . . . . . . 29,029
Federal Funds sold and securities
purchased under agreements to resell
in domestic offices of the bank and of
its Edge and Agreement subsidiaries,
and in IBF's:
Federal funds sold . . . . . . . . . . . 1,264
Securities purchased under agreements to
resell . . . . . . . . . . . . . . . . . 354
Loans and lease financing receivables:
Loans and leases, net of unearned income $73,216
Less: Allowance for loan and lease losses 1,854
Less: Allocated transfer risk reserve . . 104
-------
Loans and leases, net of
unearned income,
allowance, and reserve . . . . . 71,258
Trading Assets . . . . . . . . . . . . . . . 25,919
Premises and fixed assets (including
capitalized leases) . . . . . . . . . . . . . 1,337
Other real estate owned . . . . . . . . . . . 30
Investments in unconsolidated
subsidiaries and associated companies . . 187
Customer's liability to this bank on
acceptances outstanding . . . . . . . . . . . 1,082
Intangible assets . . . . . . . . . . . . . . 419
Other assets . . . . . . . . . . . . . . . . 7,406
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TOTAL ASSETS . . . . . . . . . . . . . . . . $147,358
========
LIABILITIES
Deposits
In domestic offices . . . . . . . . . . . $45,786
Noninterest-bearing . . . . . . . . . . . $14,972
Interest-bearing . . . . . . . . . . . . 30,814
-------
In foreign offices, Edge and Agreement
subsidiaries, and IBF's . . . . . . . . . 36,550
Noninterest-bearing . . . . . . . . . . . $ 202
Interest-bearing . . . . . . . . . . . . 36,348
-------
Federal funds purchased and securities
sold under agreements to repurchase in
domestic offices of the bank and of
its Edge and Agreement subsidiaries,
and in IBF's federal funds purchased . . 11,412
Securities sold under agreements to
repurchase . . . . . . . . . . . . . . . 2,444
Demand notes issued to the U.S. Treasury . . 699
Trading liabilities . . . . . . . . . . . . . 19,998
Other Borrowed money:
With a remaining maturity of one year or
less . . . . . . . . . . . . . . . . . . 11,305
With a remaining maturity of more than
one year . . . . . . . . . . . . . . . . 130
Mortgage indebtedness and obligations under
capitalized leases . . . . . . . . . . . . . 13
Bank's liability on acceptances executed and
outstanding . . . . . . . . . . . . . . . . . 1,089
Subordinated notes and debentures . . . . . . 3,411
Other liabilities . . . . . . . . . . . . . . 6,778
TOTAL LIABILITIES . . . . . . . . . . . . . . 139,615
EQUITY CAPITAL
Common stock . . . . . . . . . . . . . . . . 620
Surplus . . . . . . . . . . . . . . . . . . . 4,664
Undivided profits and capital reserves . . . 3,058
Net unrealized holding gains (Losses) on
available-for-sale securities . . . . . . (607)
Cumulative foreign currency translation
adjustments . . . . . . . . . . . . . . . . . 8
TOTAL EQUITY CAPITAL . . . . . . . . . . . . 7,743
--------
TOTAL LIABILITIES, LIMITED-LIFE PREFERRED
STOCK AND EQUITY CAPITAL . . . . . . . . $147,358
========
I, Joseph L. Sclafani, S.V.P. & Controller 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.
JOSEPH L. SCLAFANI
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 conformation with the instructions
issued by the appropriate Federal regulatory authority and is true and correct.
WALTER V. SHIPLEY )
EDWARD D. MILLER ) DIRECTORS
THOMAS G. LABRECQUE )