Exhibit 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE
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U.S. BANK, N.A.
f/k/a FIRSTAR BANK, N.A.
(Exact name of Trustee as specified in its charter)
A National Banking Association 41-0122055
(State of incorporation if not (IRS Employer Identification No.)
a national bank)
101 East Fifth Street
Corporate Trust Department
St. Paul, Minnesota 55101
(Address of principal executive offices) (Zip Code)
U.S. BANK, N.A.
101 East Fifth Street
St. Paul, Minnesota 55101
(651) 229-2600
(Exact name, address and telephone number of agent for service)
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ChipPAC International Company Limited
ChipPAC, Inc.
ChipPAC Liquidity Management Hungary Limited Liability Company
ChipPAC Luxembourg S.a.R.L.
ChipPAC Korea Company Ltd.
ChipPAC Limited
ChipPac (Barbados) Ltd.
(Exact name of registrant as specified in its charter)
British Virgin Islands 66-0573152
Delaware 77-0463048
Hungary 98-0209814
Luxembourg 98-0209817
Republic of Korea 98-0209695
British Virgin Islands 98-0209699
Barbados 98-0209821
(State of incorporation or (IRS Employer Identification No.)
other jurisdiction)
47400 Kato Road
Fremont, California
(Address of principal executive offices) (Zip Code)
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12 3/4% Series B Senior Subordinated Notes due 2009
(Title of Indenture Securities)
Item 1. General Information. Furnish the following information as to the
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trustee:
(a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of the Currency
Treasury Department
Washington, DC
Federal Deposit Insurance Corporation
Washington, DC
The Board of Governors of the Federal Reserve System
Washington, DC
(b) The Trustee is authorized to exercise corporate trust powers.
GENERAL
Item 2. Affiliations with Obligor and Underwriters. If the obligor or any
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underwriter for the obligor is an affiliate of the Trustee,
describe each such affiliation.
None
See Note following Item 16.
Items 3-15 are not applicable because to the best of the Trustee's knowledge the
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obligor is not in default under any Indenture for which the Trustee acts as
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Trustee.
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Item 16. List of Exhibits. Listed below are all the exhibits filed as a
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part of this statement of eligibility and qualification. Exhibits
1-4 are incorporated by reference from filing 333-48849. Exhibit
7 is incorporated by reference from filing 333-79659.
Exhibit 1. Copy of Articles of Association of the trustee now in
effect.
Exhibit 2. a. A copy of the certificate of the Comptroller of
Currency dated June 1, 1965, authorizing
Firstar Bank, N. A. to act as fiduciary.
b. A copy of the certificate of authority of the
trustee to commence business issued June 9,
1903, by the Comptroller of the Currency to
Firstar Bank, N.A.
Exhibit 3. A copy of the authorization of the trustee to
exercise corporate trust powers issued by the Federal
Reserve Board.
Exhibit 4. Copy of the By-Laws of the trustee as now in effect.
Exhibit 5. Copy of each Indenture referred to in Item 4.
Exhibit 6. The consent of the trustee required by Section 321(b)
of the Act.
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.
NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligor 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 obligor, or affiliates, are based
upon information furnished to the Trustee by the obligor. 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, the
Trustee, a national banking association organized and existing under the laws of
the United States, has duly caused this statement of eligibility and
qualification to be signed on its behalf by the undersigned, thereunto duly
authorized, and its seal to be hereunto affixed and attested, all in the City of
Saint Paul and State of Minnesota on the 19th day of September, 2001.
U.S. BANK, N.A. f/k/a FIRSTAR BANK, N.A.
(Seal)
/s/ Frank P. Leslie III
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Frank P. Leslie III
Vice President
EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, Firstar Bank, N.A., 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: September 19, 2001
U.S. BANK f/k/a FIRSTAR BANK, N.A.
/s/ Frank P. Leslie III
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Frank P. Leslie III
Vice President
EXHIBIT 7
FIRSTAR BANK NATIONAL ASSOCIATION
STATEMENT OF FINANCIAL CONDITION
As of 12/31/2000
($000's)
12/31/00
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Assets
Cash and Due From Depository Institutions $ 4,544,505
Federal Reserve Stock -0-
Securities 12,945,944
Federal Funds 410,689
Loans & Lease Financing Receivables 50,162,986
Fixed Assets 931,227
Intangible Assets 1,322,468
Other Assets 2,275,734
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Total Assets $72,593,553
Liabilities
Deposits $53,380,847
Fed Funds 5,278,558
Treasury Demand Notes 357,723
Trading Liabilities 4,682
Other Borrowed Money 4,446,474
Acceptances 19,638
Subordinated Notes and Debentures 2,016,942
Other Liabilities $ 1,642,637
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Total Liabilities $67,147,501
Equity
Common and Preferred Stock $ 18,200
Surplus 3,540,002
Undivided Profits 1,887,850
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Total Equity Capital $ 5,446,052
Total Liabilities and Equity Capital $72,593,553