EX-25.1 85 dex251.htm FORM T-1 (THE BANK OF NEW YORK) Form T-1 (The Bank of New York)

Exhibit 25.1

 


UNITED STATES

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)

 


SBARRO, INC.

*And the additional obligors listed below

(Exact name of obligor as specified in its charter)

 


 

New York   11-2501939

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

401 Broadhollow Road

Melville, New York

  11747-4714
(Address of principal executive offices)   (Zip code)

 


10.375% Senior Notes due 2015

(Title of the indenture securities)

 



TABLE OF ADDITIONAL OBLIGORS

 

Exact Name of Registrant as

Specified in its Charter

 

State or Other Jurisdiction of

Incorporation or Organization

 

I.R.S. Employer

Identification No.

Larkfield Equipment Corp.

  New York   11-3117947

Sbarro America, Inc.

  New York   11-3189130

Sbarro America Properties, Inc.

  New York   11-3279540

Sbarro’s of Texas, Inc.

  Texas   76-0435139

Corest Management, Inc.

  New York   11-3189134

Sbarro of Virginia, Inc.

  Virginia   11-2872309

Demefac Leasing Corp.

  New York   11-3342379

Melville Advertising Agency, Inc.

  New York   11-2534834

Sbarro New Hyde Park, Inc.

  New York   11-3306185

Sbarro Express LLC

  New York   56-2550253

Umberto Huntington, LLC

  New York   11-3288890

Sbarro Blue Bell Express, LLC

  Pennsylvania   03-0601419

Umberto Deer Park, LLC

  New York   11-3378728

Umberto Hauppauge, LLC

  New York   11-3408245

Umberto Hicksville, LLC

  New York   11-3450989

Umberto Syosset, LLC

  New York   11-3413586

Mama Sbarro’s of East Meadow, LLC

  New York   81-0654833

Carmela’s, LLC

  New York   11-3728088

Carmela’s of Kirkman, LLC

  New York   59-3827703

Carmela’s of Ocoee, LLC

  New York   87-0764933

Umberto at Orland, LLC

  New York   11-3326264

Umberto at the Source, LLC

  New York   11-3348024

Umberto White Plains, LLC

  New York   11-3348159

Sbarro Commack, Inc.

  New York   11-3044007

Sbarro of Las Vegas, Inc.

  New York   11-3282853

Sbarro Properties, Inc.

  New York   11-3279541

Sbarro Pennsylvania, Inc.

  Pennsylvania   11-3463530

Sbarro of Longwood, LLC

  New York   43-2060328

Sbarro Venture, Inc.

  New York   11-3273182

* Addresses, including zip code, of principal executive offices are the same as those of Sbarro, Inc.

Name, address, including zip code, and telephone number, including area code, of agent for service:

Anthony J. Puglisi

Vice President-Finance and Chief Financial Officer

Sbarro, Inc.

401 Broadhollow Road

Melville, New York 11747-4714

(631) 715-4000


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.

 

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, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195.)
4.   -    A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 with Registration Statement No. 333-121195.)
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.


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 12th day of April, 2007.

 

THE BANK OF NEW YORK

By:  

/s/ Carlos Luciano

Name:   Carlos Luciano
Title:   Vice President

 

2


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, 2006, 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

   $ 3,375.000

Interest-bearing balances

     11,937,000

Securities:

  

Held-to-maturity securities

     1,729,000

Available-for-sale securities

     17,675,000

Federal funds sold and securities purchased under agreements to resell

  

Federal funds sold in domestic offices

     3,953,000

Securities purchased under agreements to resell

     162,000

Loans and lease financing receivables:

  

Loans and leases held for sale

     0

Loans and leases, net of unearned income

     30,730,000

LESS: Allowance for loan and lease losses

     286,000

Loans and leases, net of unearned income and allowance

     30,444,000

Trading Assets

     5,047,000

Premises and fixed assets (including capitalized leases)

     830,000

Other real estate owned

     1,000

Investments in unconsolidated subsidiaries and associated companies

     292,000

Not applicable

  

Intangible assets:

  

Goodwill

     2,747,000

Other intangible assets

     981,000

Other assets

     6,814,000
      

Total assets

   $ 85,987,000
      

LIABILITIES

  

Deposits:

  

In domestic offices

   $ 30,000,000

Noninterest-bearing

     19,293,000

Interest-bearing

     10,707,000


EXHIBIT 7

(Page ii of iii)

 

In foreign offices, Edge and Agreement subsidiaries, and IBFs

     33,219,000

Noninterest-bearing

     472,000

Interest-bearing

     32,747,000

Federal funds purchased and securities sold under agreements to repurchase

  

Federal funds purchased in domestic offices

     671,000

Securities sold under agreements to repurchase

     185,000

Trading liabilities

     2,479,000

Other borrowed money:

  

(includes mortgage indebtedness and obligations under capitalized leases)

     2,076,000

Not applicable

  

Not applicable

  

Subordinated notes and debentures

     1,955,000

Other liabilities

     6,527,000
      

Total liabilities

   $ 77,112,000
      

Minority interest in consolidated subsidiaries

     144,000

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

     0

Common stock

     1,135,000

Surplus (exclude all surplus related to preferred stock)

     2,134,000

Retained earnings

     5,769,000

Accumulated other comprehensive income

     -307,000

Other equity capital components

     0

Total equity capital

     8,731,000
      

Total liabilities, minority interest, and equity capital

   $ 85,987,000
      

 

ii


EXHIBIT 7

(Page iii of iii)

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      
Alan R. Griffith   Directors    

 

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