1 Exhibit 25 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) ----------- MARINE MIDLAND BANK (Exact name of trustee as specified in its charter) New York 16-1057879 (Jurisdiction of incorporation (I.R.S. Employer or organization if not a U.S. Identification No.) national bank) 140 Broadway, New York, NY 10005-1180 (212) 658-1000 (Zip Code) (Address of principal executive offices) Warren L. Tischler Senior Vice President Marine Midland Bank 140 Broadway New York, New York 10005-1180 Tel: (212) 658-5167 (Name, address and telephone number of agent for service) GENERAC PORTABLE PRODUCTS, INC. GENERAC PORTABLE PRODUCTS, LLC GPPW, INC. (Exact name of obligor as specified in its charter) Delaware 13-4006887 Delaware 39-1932782 Wisconsin 3621 13-4012695 (State or other jurisdiction (Primary Standard Industrial Classification (I.R.S. Employer of incorporation or organization) Code Number) Identification Number) 2 1 Generac Way Jefferson, Wisconsin, 53549 (920) 674-3750 (Address,including zip code, and telephone number, including area code, of registrant's of principal executive offices) Dorrance J. Noonan, Jr. President and Chief Executive Officer Generac Portable Products, LLC 1 Generac Way Jefferson, Wisconsin 53549 (920) 674-3750 (Name, address, including zip code, and telephone number, Including area code, of agent for service) 11 1/4% SENIOR SUBORDINATED NOTES DUE 2006 (Title of Indenture Securities) 3 General Item 1. General Information. Furnish the following information as to the trustee: (a) Name and address of each examining or supervisory authority to which it is subject. State of New York Banking Department. Federal Deposit Insurance Corporation, 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 4 Item 16. List of Exhibits. Exhibit T1A(i) * - Copy of the Organization Certificate of Marine Midland Bank. T1A(ii) * - Certificate of the State of New York Banking Department dated December 31, 1993 as to the authority of Marine Midland Bank to commence business. T1A(iii) - Not applicable. T1A(iv) * - Copy of the existing By-Laws of Marine Midland Bank as adopted on January 20, 1994. T1A(v) - Not applicable. T1A(vi) * - Consent of Marine Midland Bank required by Section 321(b) of the Trust Indenture Act of 1939. T1A(vii) - Copy of the latest report of condition of the trustee (September 30, 1998), published pursuant to law or the requirement of its supervisory or examining authority. T1A(viii) - Not applicable. T1A(ix) - Not applicable. * Exhibits previously filed with the Securities and Exchange Commission with Registration No. 33-53693 and incorporated herein by reference thereto. 5 SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Marine Midland Bank, a banking corporation and trust company organized 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 17th day of February, 1999. MARINE MIDLAND BANK By: /s/ Anthony R. Bufinsky ----------------------- Anthony R. Bufinsky Corporate Trust Officer 6 EXHIBIT T1A (vii) Board of Governors of the Federal Reserve System OMB Number: 7100-0036 Federal Deposit Insurance Corporation OMB Number: 3064-0052 Office of the Comptroller of the Currency OMB Number: 1557-0081 FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Expires March 31, 2000 - ----------------------------------------------------------------------------------------------------- 1 Please refer to page i, Table of Contents, for the required disclosure of estimated burden. - ----------------------------------------------------------------------------------------------------- CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR A BANK WITH DOMESTIC AND FOREIGN OFFICES--FFIEC 031 REPORT AT THE CLOSE OF BUSINESS SEPTEMBER 30, 1998 (19980930) (RCRI 9999) This report is required by law; 12 U.S.C. Section 324 (State member banks); 12 U.S.C. Section 1817 (State nonmember banks); and 12 U.S.C. Section 161 (National banks). NOTE: The Reports of Condition and Income must be signed by an authorized officer and the Report of Condition must be attested to by not less than two directors (trustees) for State nonmember banks and three directors for State member and National Banks. I, Gerald A. Ronning, Executive VP & Controller - ----------------------------------------------- Name and Title of Officer Authorized to Sign Report of the named bank do hereby declare that these Reports of Condition and Income (including the supporting schedules) have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and believe. /s/ Gerald A. Ronning - ---------------------------------------------- Signature of Officer Authorized to Sign Report 10/26/98 - ---------------------------------------------- Date of Signature This report form is to be filed by banks with branches and consolidated subsidiaries in U.S. territories and possessions, Edge or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries, or International Banking Facilities. The Reports of Condition and Income are to be prepared in accordance with Federal regulatory authority instructions. We, the undersigned directors (trustees), attest to the correctness of this Report of Condition (including the supporting schedules) 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. /s/ Bernard J. Kennedy - ---------------------------------------------- Director (Trustee) /s/ Sal H. Alfiero - ---------------------------------------------- Director (Trustee) /s/ Malcolm Burnett - ---------------------------------------------- Director (Trustee) SUBMISSION OF REPORTS Each Bank must prepare its Reports of Condition and Income either: (a) in automated formand then file the computer data file directly with the banking agencies' collection agent, Electronic Data System Corporation (EDS), by modem or computer diskette; or (b) in hard-copy (paper) form and arrange for another party to convert the paper report to automated for. That party (if other than EDS) must transmit the bank's computer data file to EDS To fulfill the signature and attestation requirement for the Reports of Condition and Income for this report date, attach this signature page to the hard-copy f the completed report that the bank places in its files. FDIC Certificate Number 0 0 5 8 9 --- --- --- --- --- (RCRI 9030) 7 REPORT OF CONDITION Consolidating domestic and foreign subsidiaries of the Marine Midland Bank of Buffalo Name of Bank City in the state of New York, at the close of business September 30, 1998 ASSETS Thousands of dollars Cash and balances due from depository institutions: Noninterest-bearing balances currency and coin.................................... $937,647 Interest-bearing balances ........................... 3,764,738 Held-to-maturity securities.......................... 0 Available-for-sale securities........................ 3,998,450 Federal funds sold and securities purchased under agreements to resell........................... 1,634,540 Loans and lease financing receivables: Loans and leases net of unearned income............................... 21,024,990 LESS: Allowance for loan and lease losses............................... 400,676 LESS: Allocated transfer risk reserve 0 Loans and lease, net of unearned income, allowance, and reserve........................ 20,624,314 Trading assets........................................ 894,111 Premises and fixed assets (including capitalized leases)................................... 207,944 Other real estate owned.................................. 13,083 Investments in unconsolidated subsidiaries and associated companies.................... 0 Customers' liability to this bank on acceptances outstanding.................................. 57,309 Intangible assets........................................ 469,741 Other assets............................................. 572,948 Total assets............................................. 33,174,825 8 LIABILITIES Deposits: In domestic offices................................... 20,579,926 Noninterest-bearing................................... 3,726,544 Interest-bearing...................................... 16,853,382 In foreign offices, Edge, and Agreement subsidiaries, and IBFs................................... 5,954,449 Noninterest-bearing................................... 0 Interest-bearing...................................... 5,954,449 Federal funds purchased and securities sold under agreements to repurchase........................ 1,025,621 Demand notes issued to the U.S. Treasury 86,890 Trading Liabilities...................................... 172,910 Other borrowed money: With a remaining maturity of one year or less............................................... 1,340,056 With a remaining maturity of more than one year through three years.......................... 84,661 With a remaining maturity of more than three years........................................... 38,489 Bank's liability on acceptances executed and outstanding................................. 57,309 Subordinated notes and debentures........................ 697,963 Other liabilities........................................ 805,684 Total liabilities........................................ 30,843,958 EQUITY CAPITAL Perpetual preferred stock and related surplus.................................................. 0 Common Stock............................................. 205,000 Surplus.................................................. 1,985,665 Undivided profits and capital reserves................... 78,723 Net unrealized holding gains (losses) on available-for-sale securities......................... 61,479 Cumulative foreign currency translation adjustments.............................................. 0 Total equity capital..................................... 2,330,867 Total liabilities, limited-life preferred stock, and equity capital...................... 33,174,825