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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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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
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BOSTON PROPERTIES LIMITED PARTNERSHIP
(Exact name of obligor as specified in its charter)
Delaware 04-3372948
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
111 Huntington Avenue
Boston, Massachusetts 02199-7610
(Address of principal executive offices) (Zip code)
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6.25% Senior Notes due 2013
(Title of the indenture securities)
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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.
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Name Address
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Superintendent of Banks of the State of New York 2 Rector Street, New York, N.Y. 10006,
and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
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(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION,
ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
RULE 7a-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17
C.F.R. 229.10(d).
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which contains the
authority to commence business and a grant of powers to exercise
corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1
filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to
Form T-1 filed with Registration Statement No. 33-21672 and Exhibit
1 to Form T-1 filed with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form
T-1 filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No.
33-44051.)
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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.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New
York, a corporation organized and existing 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 26th day of February, 2003.
THE BANK OF NEW YORK
By: /s/ STACEY POINDEXTER
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Name: STACEY POINDEXTER
Title: ASSISTANT TREASURER
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EXHIBIT 7
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September 30,
2002, published in accordance with a call made by the Federal Reserve Bank of
this District pursuant to the provisions of the Federal Reserve Act.
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Dollar Amounts
In Thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin .............. $ 3,735,469
Interest-bearing balances ....................................... 3,791,026
Securities:
Held-to-maturity securities ..................................... 1,140,688
Available-for-sale securities ................................... 15,232,384
Federal funds sold in domestic offices ............................ 1,286,657
Securities purchased under agreements to
resell .......................................................... 1,035,718
Loans and lease financing receivables:
Loans and leases held for sale .................................. 869,285
Loans and leases, net of unearned income......................... 34,695,130
LESS: Allowance for loan and lease losses........................ 645,382
Loans and leases, net of unearned income and allowance .......... 34,049,748
Trading Assets .................................................... 9,044,881
Premises and fixed assets (including capitalized
leases) ......................................................... 823,722
Other real estate owned ........................................... 778
Investments in unconsolidated subsidiaries and
associated companies ............................................ 226,274
Customers' liability to this bank on acceptances
outstanding ..................................................... 249,803
Intangible assets
Goodwill ........................................................ 1,852,232
Other intangible assets ......................................... 54,714
Other assets ...................................................... 4,961,572
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Total assets ...................................................... $ 78,354,951
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LIABILITIES
Deposits:
In domestic offices ............................................. $ 32,962,289
Noninterest-bearing.............................................. 12,792,415
Interest-bearing................................................. 20,169,874
In foreign offices, Edge and Agreement subsidiaries,
and IBFs ...................................................... 24,148,516
Noninterest-bearing.............................................. 445,725
Interest-bearing................................................. 23,702,791
Federal funds purchased in domestic offices ....................... 959,287
Securities sold under agreements to repurchase .................... 491,806
Trading liabilities ............................................... 2,916,377
Other borrowed money:
(includes mortgage indebtedness and obligations
under capitalized leases) .................................... 1,691,634
Bank's liability on acceptances executed and
outstanding ..................................................... 251,701
Subordinated notes and debentures ................................. 2,090,000
Other liabilities ................................................. 5,815,688
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Total liabilities ................................................. $ 71,327,298
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Minority interest in consolidated subsidiaries .................... 500,019
EQUITY CAPITAL
Perpetual preferred stock and related surplus ..................... 0
Common stock ...................................................... 1,135,284
Surplus ........................................................... 1,056,724
Retained earnings ................................................. 4,218,003
Accumulated other comprehensive income ............................ (117,623)
Other equity capital components ................................... 0
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Total equity capital .............................................. 6,527,634
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Total liabilities minority interest and equity capital ............ $ 78,354,951
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition is true and
correct to the best of my knowledge and belief.
Thomas J. Mastro,
Senior Vice President and Comptroller
We, the undersigned directors, attest to the correctness of this
statement of resources and liabilities. We 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 and is true and correct.
Thomas A. Renyi
Gerald L. Hassell Directors
Alan R. Griffith