EX-25 7 dex25.htm FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 Form T-1 Statement of Eligibility under the Trust Indenture Act of 1939

            EXHIBIT 25


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)

 


 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

60 Livingston

St. Paul, MN

  55107
(Address of principal executive offices)   (Zip Code)

 

Susan T. Payne

U.S. Bank National Association

535 Griswold, Suite 550

Detroit, MI 48226

(313) 234-4711

(Name, address and telephone number of agent for service)

 

GENERAL MOTORS ACCEPTANCE CORPORATION

(Issuer with respect to the Securities)

 

Delaware   38-0572512

(State or other jurisdiction

of incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

200 Renaissance Center

Detroit, MI

  48265-2000
Address of Principal Executive Offices)   (Zip Code)

 

GMAC Variable Denomination Adjustable Rate Demand Notes

(Title of the Indenture Securities)



FORM T-1

 

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.

Comptroller of the Currency

Washington, D.C.

 

  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

 

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default

under any Indenture for which the Trustee acts as Trustee.

 

Item 16.   LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1.   A copy of the Articles of Association of the Trustee.*

 

  2.   A copy of the certificate of authority of the Trustee to commence business.*

 

  3.   A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

  4.   A copy of the existing bylaws of the Trustee.*

 

  5.   A copy of each Indenture referred to in Item 4. Not applicable.

 

  6.   The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7.   Report of Condition of the Trustee as of December 31, 2002, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

*   Incorporated by reference to Registration Number 333-67188.

 

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NOTE

 

The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors 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 obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. 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, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Detroit, State of Michigan on the day of September 17, 2003.

 

U.S. BANK NATIONAL ASSOCIATION
By:   /s/    SUSAN T. PAYNE        
 
   

Susan T. Payne

Vice President

 

By:   /s/    JAMES KOWALSKI        
 
   

James Kowalski

Vice President

 

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Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION 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 17, 2003

 

U.S. BANK NATIONAL ASSOCIATION
By:   /s/    SUSAN T. PAYNE        
 
   

Susan T. Payne

Vice President

 

By:   /s/    JAMES KOWALSKI        
 
   

James Kowalski

Vice President

 

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Exhibit 7

 

U.S. Bank National Association

Statement of Financial Condition

As of 6/30/2003

 

($000’s)

 

     6/30/2003

Assets

      

Cash and Due From Depository Institutions

   $ 11,987,100

Federal Reserve Stock

     0

Securities

     35,336,411

Federal Funds

     4,955,134

Loans & Lease Financing Receivables

     118,648,100

Fixed Assets

     1,864,465

Intangible Assets

     9,999,520

Other Assets

     8,735,830
    

Total Assets

   $ 191,526,560

Liabilities

      

Deposits

   $ 132,461,590

Fed Funds

     5,061,915

Treasury Demand Notes

     0

Trading Liabilities

     303,140

Other Borrowed Money

     20,320,775

Acceptances

     150,586

Subordinated Notes and Debentures

     6,326,523

Other Liabilities

     5,864,946
    

Total Liabilities

   $ 170,489,475

Equity

      

Minority Interest in Subsidiaries

   $ 999,216

Common and Preferred Stock

     18,200

Surplus

     11,015,123

Undivided Profits

     9,004,546
    

Total Equity Capital

   $ 21,037,085

Total Liabilities and Equity Capital

   $ 191,526,560

 

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

 

 

U.S. BANK NATIONAL ASSOCIATION
By:   /s/    SUSAN T. PAYNE         
 
    Vice President

 

Date: September 17, 2003

 

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