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Exhibit 25.1
Registration No. 33-52683
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 FIRST NATIONAL BANK OF CHICAGO
(Exact name of trustee as specified in its charter)
A National Banking Association 36-0899825
(I.R.S. employer
identification number)
One First National Plaza, Chicago, Illinois 60670-0126
(Address of principal executive offices) (Zip Code)
The First National Bank of Chicago
One First National Plaza, Suite 0286
Chicago, Illinois 60670-0286
Attn: Lynn A. Goldstein, Law Department (312)732-6919
(Name, address and telephone number of agent for service)
__________________
UNION TEXAS PETROLEUM HOLDINGS, INC. DELAWARE 76-0040040
UNION TEXAS EAST KALIMANTAN LIMITED THE BAHAMAS N/A
UNION TEXAS PETROLEUM ENERGY CORPORATION DELAWARE 76-0351014
UNION TEXAS INTERNATIONAL CORPORATION DELAWARE 76-6044301
UNION TEXAS PRODUCTS CORPORATION DELAWARE 76-0040039
UNISTAR, INC. DELAWARE 76-0108150
(EXACT NAME OF OBLIGOR AS SPECIFIED (STATE OR OTHER (I.R.S.
IN ITS CHARTER) JURISDICTION OF EMPLOYER
INCORPORATION OR IDENTIFICATION
ORGANIZATION) NO.)
1330 POST OAK BOULEVARD
HOUSTON, TEXAS 77056
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
ALL DEBT SECURITIES PURSUANT TO REGISTRATION NO. 33-52683
(TITLE OF INDENTURE SECURITIES)
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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 certificates 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.
* EXHIBITS 1,2,3 AND 4 ARE HEREIN INCORPORATED BY REFERENCE TO EXHIBITS BEARING
IDENTICAL NUMBERS IN ITEM 12 OF THE FORM T-1 OF THE FIRST NATIONAL BANK OF
CHICAGO, FILED AS EXHIBIT 26 TO THE REGISTRATION STATEMENT ON FORM S-3 OF THE
CIT GROUP HOLDINGS, INC., FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
OF FEBRUARY 16, 1993 (REGISTRATION NO. 33-58418).
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Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, The First National Bank of Chicago, 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 17th day of May, 1994.
The First National Bank of Chicago,
Trustee
By /s/ STEVEN M. WAGNER
_________________________________
Steven M. Wagner
Vice President and Senior Counsel
Corporate Trust Services Division
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EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(B) OF THE ACT
May 17, 1994
Securities and Exchange Commission,
Washington, D.C. 20549
Gentlemen:
In connection with the qualification of one or more indentures among Union
Texas Petroleum Holdings, Inc., as Issuer, Union Texas Kalimantan Limited,
Union Texas Petroleum Energy Corporation, Union Texas International
Corporation, Union Texas Products Corporation, and Unistar, Inc., as
Guarantors, and The First National Bank of Chicago, 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,
THE FIRST NATIONAL BANK OF CHICAGO
By /s/ STEVEN M. WAGNER
_________________________________
Steven M. Wagner
Vice President and Senior Counsel
Corporate Trust Services Division
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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.
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Legal Title of Bank: The First National Bank of Chicago Call Date: 12/31/93 ST-BK: 17-1630 FFIEC 031
Address: One First National Plaza, Suite 0460 Page RC-1
City, State, Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR DECEMBER 31, 1993
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding of the last business day of the
quarter.
SCHEDULE RC--BALANCE SHEET
C400 <-
DOLLAR AMOUNTS IN ------------ ----
THOUSANDS RCFD BIL MIL THOU
----------------- ---- ------------
ASSETS
1. Cash and balances due from depository institutions (from Schedule
RCA-A):
a. Noninterest-bearing balances and currency and coin(1) . . . . . 0081 3,552,441 1.a.
b. Interest-bearing balances(2) . . . . . . . . . . . . . . . . . . 0071 5,687,085 1.b.
2. Securities (from Schedule RC-B) . . . . . . . . . . . . . . . . . . 0390 470,252 2
3. Federal funds sold and securities purchased under agreements to
resell in domestic offices of the bank and its Edge and Agreement
subsidiaries, and in IBFs:
a. Federal Funds sold . . . . . . . . . . . . . . . . . . . . . . . 0276 3,985,638 3.a.
b. Securities purchased under agreements to resell . . . . . . . . 0277 880,886 3.b.
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income (from Schedule
RC-C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RCFD 2122 13,308,340 4.a.
b. LESS: Allowance for loan and lease losses . . . . . . . . . . . RCFD 3123 339,885 4.b.
c. LESS: Allocated transfer risk reserve . . . . . . . . . . . . . RCFD 3128 0 4.c.
d. Loans and leases, net of unearned income, allowance, and
reserve (item 4.a minus 4.b and 4.c) . . . . . . . . . . . . . . 2125 12,968,455 4.d.
5. Assets held in trading accounts . . . . . . . . . . . . . . . . . . 2146 3,109,630 5.
6. Premises and fixed assets (including capitalized leases) . . . . . 2145 497,559 6.
7. Other real estate owned (from Schedule RC-M) . . . . . . . . . . . 7 2150 101,446 7.
8. Investments in unconsolidated subsidiaries and associated
companies (from Schedule RC-M) . . . . . . . . . . . . . . . . . . 2130 6,375 8.
9. Customers' liability to this bank on acceptances outstanding . . . 2155 477,130 9.
10. Intangible assets (from Schedule RC-M) . . . . . . . . . . . . . . 2143 147,257 10.
11. Other assets (from Schedule RC-F) . . . . . . . . . . . . . . . . . 2160 2,607,308 11.
12. Total assets (sum of items 1 through 11) . . . . . . . . . . . . . 2170 34,491,462 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held in trading accounts.
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Legal Title of Bank: The First National Bank of Chicago Call Date: 12/31/93 ST-BK: 17-1630 FFIEC 031
Address: One First National Plaza, Suite 0460 Page RC-2
City, State, Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
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SCHEDULE RC-CONTINUED
DOLLAR AMOUNTS IN
Thousands BIL MIL THOU
---------------- ------------
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C
from Schedule RC-E, part 1) . . . . . . . . . . . . . . RCON 2200 15,870,533 13.a.
(1) Noninterest-bearing(1) . . . . . . . . . . . . . . . RCON 6631 7,494,138 13.a.(1)
(2) Interest-bearing . . . . . . . . . . . . . . . . . . RCON 6636 8,376,395 13.a.(2)
b. In foreign offices, Edge and Agreement subsidiaries,
and IBFs (from Schedule RC-E, part II) . . . . . . . . . RCFN 2200 7,254,022 13.b.
(1) Noninterest bearing . . . . . . . . . . . . . . . . RCFN 6631 352,283 13.b.(1)
(2) Interest-bearing . . . . . . . . . . . . . . . . . RCFN 6636 6,901,739 13.b.(2)
14. 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 IBFs:
a. Federal funds purchased . . . . . . . . . . . . . . . . RCFD 0278 2,649,907 14.a.
b. Securities sold under agreements to repurchase . . . . . RCFD 0279 171,899 14.b.
15. Demand notes issued to the U.S. Treasury . . . . . . . . . RCON 2840 106,087 15.
16. Other borrowed money . . . . . . . . . . . . . . . . . . . RCFD 2850 1,782,869 16.
17. Mortgage indebtedness and obligations under capitalized
leases . . . . . . . . . . . . . . . . . . . . . . . . . . RCFD 2910 267,000 17.
18. Bank's liability on acceptance executed and outstanding . . RCFD 2920 477,130 18.
19. Subordinated notes and debentures . . . . . . . . . . . . RCFD 3200 1,175,000 19.
20. Other liabilities (from Schedule RC-G) . . . . . . . . . . RCFD 2930 2,049,329 20.
21. Total liabilities (sum of items 13 through 20) . . . . . . RCFD 2948 31,803,776 21.
22. Limited-Life preferred stock and related surplus . . . . . RCFD 3282 0 22.
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus . . . . . . RCFD 3838 0 23.
24. Common stock . . . . . . . . . . . . . . . . . . . . . . . RCFD 3230 200,858 24.
25. Surplus (exclude all surplus related to preferred stock) RCFD 3839 2,254,940 25.
26. a. Undivided profits and capital reserves . . . . . . . . . RCFD 3632 232,478 26.a.
b. LESS: Net unrealized loss on marketable equity
securities . . . . . . . . . . . . . . . . . . . . . . . RCFD 0297 (299) 26.b.
27. Cumulative foreign currency translation adjustments . . . . RCFD 3284 (889) 27.
28. Total equity capital (sum of items 23 through 27) . . . . . RCFD 3210 2,687,686 28.
29. Total liabilities, limited-life preferred stock, and equity
capital (sum of items 21, 22, and 28) . . . . . . . . . . . RCFD 3300 34,491,462 29.
Memorandum
To be reported only with the March Report of Condition.
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 1992 . . . . . . . . . . . . . . . . * RCFA 6724 N/A * M.1.
* * * * * * * * *
1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements by
submits a report on the consolidated holding company external auditors
(but not on the bank separately) 7 = Other audit procedures (excluding tax preparation work)
3 = Directors' examination of the bank conducted in 8 = No external audit work
accordance with generally accepted auditing standards
by a certified public accounting firm (may be required by
state chartering authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
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