Exhibit 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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) |__|
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BNY MIDWEST TRUST COMPANY
(Exact name of trustee as specified in its charter)
ILLINOIS 36-3800435
(Jurisdiction of incorporation (I.R.S. Employer
or organization if not a U.S. national bank) Identification Number)
2 NORTH LASALLE STREET
SUITE 1020
CHICAGO, ILLINOIS 60602
(Address of principal executive offices) (Zip code)
JOHN C. HITT, JR.
CHAPMAN AND CUTLER
111 WEST MONROE STREET
CHICAGO, ILLINOIS 60603
(312) 845-3000
(Agent for Service)
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DURA OPERATING CORP.
(Exact name of obligor as specified in its charter)
DELAWARE 38-2961431
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
C/O DURA AUTOMOTIVE SYSTEMS, INC.
2791 RESEARCH DRIVE 48309
ROCHESTER HILLS, MICHIGAN (Zip code)
(Address of principal executive offices)
DURA AUTOMOTIVE SYSTEMS, INC.
(Exact name of obligor as specified in its charter)
DELAWARE 38-3185711
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
4508 IDS CENTER
MINNEAPOLIS, MINNESOTA 55402
(Address of principal executive offices) (Zip code)
Additional Obligors listed on Exhibit 10 attached hereto.
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8 5/8% SENIOR NOTES DUE 2012
(Title of the 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.
Name Address
Office of Banks & Trust Companies of the 500 E. Monroe Street
State of Illinois Springfield, Illinois 62701-1532
Federal Reserve Bank of Chicago 230 S. LaSalle Street
Chicago, Illinois 60603
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2. AFFILIATIONS WITH THE OBLIGOR. If the obligor is an affiliate of the
trustee, describe each such affiliation.
None.
Item 16. LIST OF EXHIBITS.
1. A copy of Articles of Incorporation of BNY Midwest Trust Company as
now in effect. (incorporated by reference to Exhibit 1 to Form T-1
filed with the Registration Statement No. 333-47688 filed December 1,
2000.)
2,3. A copy of the Certificate of Authority of the Trustee as now in
effect, which contains the authority to commence business and a grant
of powers to exercise corporate trust powers. (incorporated by
reference to Exhibit 2 to Form T-1 filed with the Registration
Statement No. 333-47688 filed December 1, 2000.)
4. A copy of the existing By-laws of the Trustee. (incorporated by
reference to Exhibit 4 to Form T-1 filed with the Registration
Statement No. 333-47688 filed December 1, 2000.)
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act.
(incorporated by reference to Exhibit 6 to Form T-1 filed with the
Registration Statement No. 333-47688 filed December 1, 2000.)
7. 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.
8. Not applicable.
9. Not applicable.
10. Other Obligors.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
trustee, BNY Midwest Trust Company, a corporation organized and existing under
the laws of the State of Illinois, 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 15th day of May, 2002.
BNY MIDWEST TRUST COMPANY
By /s/Roxane J. Ellwanger
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Name: Roxane J. Ellwanger
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Title: Assistant Vice President
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EXHIBIT 7
Office of Banks and Real Estate
Bureau of Banks and Trust Companies
Consolidated Report of Condition
of
BNY Midwest Trust Company
209 West Jackson Boulevard
Suite 700
Chicago, Illinois 60606
Including the institution's domestic and foreign subsidiaries completed
as of the close of business on December 31, 2001, submitted in response to the
call of the Office of Banks and Real Estate of the State of Illinois.
Assets Thousands of Dollars
1. Cash and Due from Depository Institutions......... 11,694
2. U.S. Treasury Securities.......................... - 0 -
3. Obligations of States and Political Subdivisions.. - 0 -
4. Other Bonds, Notes and Debentures................. - 0 -
5. Corporate Stock................................... - 0 -
6. Trust Company Premises, Furniture, Fixtures and
Other Assets Representing Trust Company Premises.. 363
7. Leases and Lease Financing Receivables............ - 0 -
8. Accounts Receivable............................... 4,004
9. Other Assets......................................
(Itemize amounts greater than 15% of Line 9)
Goodwill and Intangibles............90,321 86,882
10. Total Assets....................................... 102,943
Office of Banks and Real Estate
Bureau of Banks and Trust Companies
Consolidated Report of Condition
of
BNY Midwest Trust Company
209 West Jackson Boulevard
Suite 700
Chicago, Illinois 60606
Liabilities Thousands of Dollars
11. Accounts Payable.................................. - 0 -
12. Taxes Payable..................................... - 0 -
13. Other Liabilities for Borrowed Money.............. 25,425
14. Other Liabilities.................................
(Itemize amounts greater than 15% of Line 9)
Reserve for Taxes.................................3,128
Deferred Income...................................1,923
Accrued Expenses..................................1,058 6,156
15. Total Liabilities 31,581
Equity Capital
16. Preferred Stock................................... - 0 -
17. Common Stock...................................... 2,000
18. Surplus........................................... 62,130
19. Reserve for Operating Expenses.................... - 0 -
20. Retained Earnings (Loss).......................... 7,232
21. Total Equity Capital.............................. 71,362
22. Total Liabilities and Equity Capital.............. 102,943
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I, Robert L. De Paola, Vice President
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(Name and Title of Officer Authorized to Sign Report)
of BNY Midwest Trust Company certify that the information contained in this
statement is accurate to the best of my knowledge and belief. I understand that
submission of false information with the intention to deceive the Commissioner
or his Administrative officers is a felony.
/s/ Robert L. DePaola
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(Signature of Officer Authorized to Sign Report)
Sworn to and subscribed before me this 13th day of February, 2002
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My Commission expires May 15, 2003.
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/s/ Joseph A. Giacobino, Notary Public
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(Notary Seal)
Person to whom Supervisory Staff should direct questions concerning this report.
Christine Anderson (212) 503-4204
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Name Telephone Number (Extension)
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EXHIBIT 10
Other Obligors
Each of the following Guarantors (as defined in the Indenture) have
jointly and severally guaranteed the Dura Operating Corp's payment obligations
under the Indenture:
JURISDICTION I.R.S. EMPLOYER
EXACT NAME OF ADDITIONAL OBLIGORS* OF FORMATION IDENTIFICATION NO.
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Adwest Electronics, Inc. .................... Delaware 38-3223055
Atwood Automotive, Inc. ..................... Michigan 38-2112709
Atwood Mobile Products, Inc. ................ Illinois 38-4334203
Dura Automotive Systems Cable Operations,
Inc. ........................................ Delaware 38-3383557
Dura Automotive Systems of Indiana, Inc. .... Indiana 35-1188181
Dura G.P. ................................... Delaware 38-3638092
Mark I Molded Plastics of Tennessee, Inc. ... Tennessee 62-1109669
Universal Tool & Stamping Company Inc. ...... Indiana 35-0797817
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* The address for each of the additional Obligors is c/o Dura
Automotive Systems, Inc., 2791 Research Drive, Rochester Hills, Michigan 48309.
The primary standard industrial classification number for each of the additional
Obligors is 3714.