EXHIBIT 25
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)___
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U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
180 EAST FIFTH STREET
ST. PAUL, MN 55101
(Address of principal executive offices) (Zip Code)
Julie Eddington
U.S. Bank National Association
180 East Fifth Street
St. Paul, MN 55101
(Name, address and telephone number of agent for service)
INGLES MARKETS, INCORPORATED
(Exact name of Registrant as specified in its charter)
NORTH CAROLINA 56-0846267
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
P.O. Box 6676
Asheville, North Carolina 28816
(Address of Principal Executive Offices) (Zip Code)
8 7/8% SENIOR SUBORDINATED NOTES DUE 2011
(TITLE OF THE INDENTURE SECURITIES)
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FORM T-1
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 the Currency
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
ITEMS 3-15 Items 3-15 are not applicable because to the best of the
Trustee's knowledge the obligor is not in default under any
Indenture for which the Trustee acts as Trustee.
ITEM 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to
commence business.*
3. A copy of the certificate of authority of the Trustee to
exercise corporate trust powers.*
4. A copy of the existing bylaws of the Trustee.*
5. A copy of each Indenture referred to in Item 4. Not
applicable.
6. The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of September 30, 2001,
published pursuant to law or the requirements of its
supervising or examining authority, attached as Exhibit 7.
* Incorporated by reference to Registration Number 333-67188.
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NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the
Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association
organized and existing under the laws of the United States of America, has duly
caused this statement of eligibility and qualification to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of St.
Paul, State of Minnesota on the 18th day of January, 2002.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Julie Eddington
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Julie Eddington
Assistant Vice President
By: /s/ Lori-Anne Rosenberg
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Lori-Anne Rosenberg
Assistant Vice President
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EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the
undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: January 18, 2002
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Julie Eddington
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Julie Eddington
Assistant Vice President
By: /s/ Lori-Anne Rosenberg
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Lori-Anne Rosenberg
Assistant Vice President
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EXHIBIT 7
U.S. BANK NATIONAL ASSOCIATION
STATEMENT OF FINANCIAL CONDITION
AS OF 9/30/2001
($000'S)
9/30/2001
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ASSETS
Cash and Due From Depository Institutions $ 7,424,578
Federal Reserve Stock 0
Securities 25,107,852
Federal Funds 1,509,608
Loans & Lease Financing Receivables 108,011,203
Fixed Assets 1,455,348
Intangible Assets 7,830,028
Other Assets 6,597,674
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TOTAL ASSETS $ 157,936,291
LIABILITIES
Deposits $ 101,929,065
Fed Funds 3,823,703
Treasury Demand Notes 0
Trading Liabilities 168,430
Other Borrowed Money 24,037,743
Acceptances 184,931
Subordinated Notes and Debentures 5,477,870
Other Liabilities 3,711,905
TOTAL LIABILITIES $ 139,333,647
EQUITY
Minority Interest in Subsidiaries $ 943,906
Common and Preferred Stock 310,004
Surplus 11,775,689
Undivided Profits 5,573,045
TOTAL EQUITY CAPITAL $ 18,602,644
TOTAL LIABILITIES AND EQUITY CAPITAL $ 157,936,291
To the best of the undersigned's determination, as of this date the above
financial information is true and correct.
U.S. Bank National Association
By: /s/ Julie Eddington
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Assistant Vice President
Date: January 18, 2002
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