Exhibit 25.1
Securities and Exchange Commission
Washington, DC 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)__________
STATE STREET BANK AND TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
United States 13-3191724
(Jurisdiction of incorporation or organization (IRS Employer Identification No.)
if not a U.S. national bank)
61 Broadway, New York, New York 10006
(Address of principal executive offices) (Zip Code)
State Street Bank and Trust Company, N.A.
61 Broadway, 15th Floor, New York, NY 10006
(212) 612-3000
(Name, address and telephone number of agent for service)
__________________________________
INSIGHT HEALTH SERVICES CORP.
(Exact name of obligor as specified in its charter)
Delaware 33-0702770
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
4400 MacArthur Boulevard, Newport Beach, CA 92660
(Address of principal executive offices) (Zip Code)
9 5/8% SERIES B SENIOR SUBORDINATED NOTES DUE 2008
(Title of indenture securities)
Item 1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervisory authority to
which it is subject.
Office of the Comptroller of the Currency, Washington, D.C.
Federal Deposit Insurance Corporation, Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations with Obligor.
If the Obligor is an affiliate of the trustee, describe each such
affiliation.
The Obligor is not an affiliate of the trustee or its parents,
State Street Bank and Trust Company.
(See Notes below)
Item 3. through Item 15. Not Applicable
Item 16. List of Exhibits.
List below all Exhibits A-E are incorporated by reference to the
Registration Statement No. 333-53759 of Columbus McKinnon Corporation as
part of the statement of eligibility and attached thereto.
1. Copy of the articles of association of the trustee as now in
effect, filed as Exhibit A.
2. Copy of the certification of authority of the trustee to commence
business, if not contained in the articles of association filed as
Exhibit R.
3. Copy of the authorization of the trustee to exercise corporate
trust powers, if such authorization is not contained in the
documents specified in paragraph (1) OR (2) above, filed as
Exhibit C.
4. Copy of the existing by-laws of the trustee, filed as Exhibit D.
5. The consent of United States institutional trustees required by
Section 321(b) of the Act, filed as Exhibit E.
6. Copy of the latest report of condition of the trustee filed
pursuant to law or the requirements of its supervising or
examining authority, filed as Exhibit F.
NOTES
In answering any item in this statement of eligibility which
relates to matters peculiarly within the knowledge of the obligor or any
underwriter for the obligor, the trustee has relied upon information furnished
to it by the obligor and the underwriters, and the trustee disclaims
responsibility for the accuracy or completeness of such information.
The answer furnished to Item 2. of this statement will be
amended, if necessary, to reflect any facts which differ from those stated and
which would have been required to be stated if known at the date hereof.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939,
as amended, State Street Bank and Trust Company, N.A., a corporation
organized and existing under the laws of the United States of America has
caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City and State of New
York, on July 31, 1998.
STATE STREET BANK AND TRUST COMPANY, N.A.
BY: /s/ ORNULF THORESEN
--------------------------------
Ornulf Thoresen
Vice President
Consolidated Report of Condition for Insured Commerical
and State--Chartered Savings Banks for June 30, 1998
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
Schedule RC--Balance Sheet
Dollar Amounts in Thousands RCON Mil Thou
- -------------------------------------------------------------------------------------------------- ---- --- ------
ASSETS
1. Cash and balances due from depository institutions:
a. Noninterest-bearing balances and currenty and coin(1), (2) .............................. 0081 18,028 1.a.
b. Interest-bearing balances(3) ............................................................ 0071 0 1.b.
2. Securities:
a. Paid-to-maturity securities (from Schedule RC-3, column A) .............................. 1754 0 2.a.
b. Available-for-sale securities (from Schedule RC-3, column D) ............................ 1773 75 2.b.
3. Federal funds sold(4) and securities purchased under agreements to resell ................... 1380 0 3.
4. Loans and lease financing receivables:
a. Loans and leases, net of unerned income (from schedule RC-C: ... RCON 2122 0 4.a.
b. LESS: Allowance for loan and lease losses ...................... RCON 3123 0 4.b.
c. LESS: Allocated transfer risk reserve .......................... RCON 3128 0 4.a.
d. Loans and leases, net of unearned income, allowance, and reserve
(Item 4.a minus 4.b and 4.c) ............................................................ 2125 0 4.d.
5. Trading assets .............................................................................. 3545 0 5.
6. Premises and fixed assets (including capitalized leases) .................................... 2145 64 6.
7. Other real estate owned (from Schedule RC-M) ................................................ 2150 0 7.
8. Investments in unconsolidatd subsidiaries and associated companies (from Schedule RC-M) ..... 2130 0 8.
9. Customers' liability to this bank on acceptances outstanding ................................ 2155 0 9.
10. Intangible assets (from Schedule RC-M) ...................................................... 2143 0 10.
11. Other assets (from Schedule RC-F) ........................................................... 2160 429 11.
12. a. Total assets (sum of items 1 through 11) ................................................ 0170 18,596 12.a.
b. Losses deferred pursuant to 12 U.S.C 1823(j) ............................................ 0306 0 12.b.
c. Total assets and losses deferred pursuant to 12 U.S.C. 1823(j) (sum of items
12.a. and 12.6) ......................................................................... 0307 18,596 12.c.
- ----------------
(1) Includes cash items in process of collection and unposted debits.
(2) The amount reported in this item must be greater than or equal to the
sum of Schedule RC-M, items 3.a and 3.b.
(3) Includes time certificates of deposit not held for trading.
(4) Report "term federal funds sold" in Schedule RC, item 4.a, "Loans and
leases, net of unearned income," and in Schedule RC-C, part I.
Schedule RC--Continued
Dollar Amounts in Thousands RCON Mil Thou
- -------------------------------------------------------------------------------------------------- ---- --- ------
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C
from Schedule RC-E)................................................................... 2200 0 13.a
(1) Noninterest-bearing (1)............................... RCON 6631 0 13.a.(1)
(2) Interest-bearing...................................... RCON 6636 0 13.a.(2)
b. In foreign offices, Edge and Agreement subsidiaries, and IDE's..........................
(1) Noninterest-bearing (1)............................................................
(2) Interest-bearing...................................................................
14. Federal funds purchased (2) and securities sold under agreements to repurchase.............. 2800 0 14.
15. a. Demand notes issued to the U.S. Treasury................................................ 2840 0 15.a.
b. Trading liabilities..................................................................... 3548 0 15.b.
16. Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases):
a. With a remaining maturity of one year or less........................................... 2332 0 16.a.
b. With a remaining maturity of more than one year through three years..................... A547 0 16.b.
c. With a remaining maturity of more than three years...................................... A548 0 16.c.
17. Not applicable
18. Bank's liability on acceptances executed and outstanding.................................... 3920 0 18.
19. Subordinated notes and debentures (3)....................................................... 3200 0 19.
20. Other liabilities (from Schedule RC-G)...................................................... 2930 5,940 20.
21. Total liabilities (sum of items 13 through 20).............................................. 2948 5,940 21.
22. Not applicable
EQUTIY CAPITAL
23. Perpetual preferred stock and related surplus............................................... 3838 0 23.
24. Common stock................................................................................ 3230 500 24.
25. Surplus (exclude all surplus related to preferred stock).................................... 3839 2,000 25.
26. a. Undivided profits and capital reserves.................................................. 3632 10,156 26.a.
b. Net unrealized holding gains (losses) on available-for-sale securities.................. 8434 0 26.b.
27. Cumulative foreign currency translation adjustments.........................................
28. a. Total equity capital (sum of items 23 through 27)....................................... 3210 12,656 28.a.
b. Losses deferred pursuant to 12 U.S.C. 1823(j)........................................... 0306 0 28.b.
c. Total equity capital and losses deferred pursuant to 12 U.S.C. 1823(j)
(sum of items 28.a. and 28.b)......................................................... 3559 12,656 28.c.
29. Total liabilities, equity capital, and losses deferred pursuant to 12 U.S.C. 1823(j)
(sum of items 21 and 28.c)................................................................. 2257 10,596 29.
Memorandum
To be reported only with the March Report of Condition.
Number
------
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 1997............................ RCON 6724 N/A M.1.
1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm which
submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified
public accounting firm which submits a report on the consolidated
holding company (but not on the bank separately)
3 = Directors' examination of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
4 = Directors' examination of the bank performed by other external auditors
(may be required by state chartering authority)
5 = Review of the bank's financial statements by external auditors
6 = Compilation of the bank's financial statements by external auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
- ------------
(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Report "term federal funds purchased" in Schedule RC, item 16, "Other
borrowed money."
(3) Includes limited-life preferred stock and related surplus.