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Wet Seal Inc – ‘S-3’ on 5/17/05 – EX-25.1

On:  Tuesday, 5/17/05, at 5:01pm ET   ·   Accession #:  1193125-5-109956   ·   File #:  333-125012

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/17/05  Wet Seal Inc                      S-3                    6:769K                                   RR Donnelley/FA

Registration Statement for Securities Offered Pursuant to a Transaction   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Form S-3 for the Wet Seal, Inc.                     HTML    550K 
 2: EX-4.8      Form of Registered Global 3.67% Secured             HTML    118K 
                          Convertible Note Due January 14, 2012                  
 3: EX-5.1      Opinion of Akin Gump Strauss Hauer & Feld LLP       HTML     20K 
 4: EX-12.1     Statements Regarding Computation of Ratios          HTML     26K 
 5: EX-23.1     Consent of Deloitte & Touche LLP                    HTML      7K 
 6: EX-25.1     Statement of Eligibility & Qualification of the     HTML     48K 
                          Trustee, as Amended, on Form T-1                       


EX-25.1   —   Statement of Eligibility & Qualification of the Trustee, as Amended, on Form T-1


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Statement of Eligibility & Qualification of the Trustee, as amended, on Form T-1  

Exhibit 25.1

 


 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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)                         

 


 

THE BANK OF NEW YORK

(Exact name of trustee as specified in its charter)

 

New York   13-5160382

(Jurisdiction of incorporation

if not a U.S. national bank)

 

(I.R.S. Employer

Identification No.)

One Wall Street, New York, New York   10286
(Address of principal executive offices)   (Zip code)

 


 

THE WET SEAL, INC.

(Exact name of obligor as specified in its charter)

 

Delaware   33-0415940

(State or other jurisdiction

of incorporation or organization)

 

(I.R.S. Employer

Identification No.)

26972 Burbank

Foothill Ranch, California

  92610
(Address of principal executive offices)   (Zip code)

 


 

3.76% Secured Convertible Notes due January 14, 2012

(Title of the indenture securities)

 



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.

 

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

  

550 17th Street, N.W., Washington, D.C. 20429

New York Clearing House Association

  

New York, N.Y. 10005

 

(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. (See Note on page 3.)

 

Item 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 as Exhibit 25(a) to Registration Statement No. 333-102200.)
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.)
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.

 


NOTE

 

In as much as this Form T-1 is being filed prior to the ascertainment by the Trustee of all facts on which to base a responsive answer to Item 2, the answer to said Item is based on incomplete information.

 

Item 2 may, however, be considered as correct unless amended by an amendment to this Form T-1.

 

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 17th day of May, 2005.

 

THE BANK OF NEW YORK
By:   /s/ Stacey B. Poindexter

Name:

  Stacey B. Poindexter

Title:

  Assistant Vice President

 


EXHIBIT 7

(Page 1 of 3)

 

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 December 31, 2004, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

     Dollar Amounts
In Thousands


ASSETS

      

Cash and balances due from depository institutions:

      

Noninterest-bearing balances and currency and coin

   $ 3,866,500

Interest-bearing balances

     8,455,170

Securities:

      

Held-to-maturity securities

     1,885,665

Available-for-sale securities

     20,781,508

Federal funds sold and securities purchased under agreements to resell

      

Federal funds sold in domestic offices

     3,730,007

Securities purchased under agreements to Resell

     847,805

Loans and lease financing receivables:

      

Loans and leases held for sale

     0

Loans and leases, net of unearned income

     36,195,743

LESS: Allowance for loan and lease losses

     587,611

Loans and leases, net of unearned income and allowance

     35,608,132

Trading Assets

     4,174,521

Premises and fixed assets (including capitalized leases)

     949,424

Other real estate owned

     754

Investments in unconsolidated subsidiaries and associated companies

     268,366

Customers’ liability to this bank on acceptances outstanding

     52,800

Intangible assets

      

Goodwill

     2,746,404

Other intangible assets

     758,137

Other assets

     8,013,234
    

Total assets

   $ 92,138,427
    

 


EXHIBIT 7

(Page 2 of 3)

 

     Dollar Amounts
In Thousands


 

LIABILITIES

        

Deposits:

        

In domestic offices

   $ 41,480,131  

Noninterest-bearing

     16,898,525  

Interest-bearing

     24,581,606  

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     24,028,722  

Noninterest-bearing

     576,431  

Interest-bearing

     23,452,291  

Federal funds purchased and securities sold under agreements to repurchase

        

Federal funds purchased in domestic Offices

     1,040,432  

Securities sold under agreements to repurchase

     491,007  

Trading liabilities

     2,724,930  

Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)

     4,780,573  

Not applicable

        

Bank’s liability on acceptances executed and outstanding

     54,517  

Subordinated notes and debentures

     2,390,000  

Other liabilities

     6,901,014  
    


Total liabilities

   $ 83,891,326  
    


Minority interest in consolidated subsidiaries

     140,499  

EQUITY CAPITAL

        

Perpetual preferred stock and related surplus

     0  

Common stock

     1,135,284  

Surplus

     2,087,221  

Retained earnings

     4,892,420  

Accumulated other comprehensive income

     (8,323 )

Other equity capital components

     0  

Total equity capital

     8,106,602  
    


Total liabilities, minority interest, and equity capital

   $ 92,138,427  
    


 


EXHIBIT 7

(Page 3 of 3)

 

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

         

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-3’ Filing    Date    Other Filings
1/14/12
Filed on:5/17/05
12/31/048-K
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