EX-25.1 7 h25685exv25w1.htm STATEMENT OF ELIGIBILITY AND QUALIFICATION exv25w1
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Exhibit 25.1

 
 
 
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)          o


 
THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
     
 
(State of incorporation
if not a U.S. national bank)
  95-3571558
(I.R.S. employer
identification no.)
     
700 South Flower Street
Suite 500
Los Angeles, California

(Address of principal executive offices)
   
 
90017
(Zip code)


ENCYSIVE PHARMACEUTICALS, INC.

(Exact name of obligor as specified in its charter)
     
Delaware
(State or other jurisdiction of
incorporation or organization)
  13-3532643
(I.R.S. employer
identification no.)
     
4848 LOOP CENTRAL DRIVE — SUITE 700
HOUSTON TEXAS

(Address of principal executive offices)
   
77081
(Zip code)


(2.5% Convertible Senior Notes due 2012 )

 
 

 


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SIGNATURE


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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.

         
     
Name
  Address    
     
Comptroller of the Currency
United States Department of the Treasury
   
Washington, D.C. 20219
   
 
       
Federal Reserve Bank
  San Francisco, California 94105
   
 
       
Federal Deposit Insurance Corporation
  Washington, D.C. 20429    

  (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 articles of association of The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).
 
  2.   A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
 
  3.   A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).
 
  4.   A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).

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  6.   The consent of the trustee required by Section 321(b) of the Act.
 
  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 Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Dallas, and State of Texas, on the 18th day of May, 2005.
         
  THE BANK OF NEW YORK TRUST COMPANY, N.A.
 
 
  By:   /s/ Patrick T Giordano    
    Name:   Patrick T Giordano   
    Title:   Vice President   

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EXHIBIT 6

CONSENT OF THE TRUSTEE

Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, and in connection with the proposed issue of Encysive Pharmaceuticals Inc 2.50% Convertible Senior Notes due 2012, The Bank of New York Trust Company, N.A. hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefor.
         
  THE BANK OF NEW YORK TRUST COMPANY, N.A.
 
 
  By:   /s/ Patrick T Giordano    
    Name:   Patrick T Giordano   
    Title:   Vice President   
 

Dallas, Texas
May 18, 2005

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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017

     At the close of business December 31, 2004, published in accordance with Federal regulatory authority instructions.

         
    Dollar Amounts  
    in Thousands  
ASSETS
       
Cash and balances due from depository institutions:
       
Noninterest-bearing balances and currency and coin
    5,975  
Interest-bearing balances
    0  
Securities:
       
Held-to-maturity securities
    79  
Available-for-sale securities
    27,506  
Federal funds sold and securities purchased under agreements to resell:
       
Federal funds sold
    31,000  
Securities purchased under agreements to resell
    111,000  
Loans and lease financing receivables:
       
Loans and leases held for sale
    0  
Loans and leases, net of unearned income
    0  
LESS: Allowance for loan and lease losses
    0  
Loans and leases, net of unearned income and allowance
    0  
Trading assets
    0  
Premises and fixed assets (including capitalized leases)
    2,365  
Other real estate owned
    0  
Investments in unconsolidated subsidiaries and associated companies
    0  
Customers’ liability to this bank on acceptances outstanding
    0  
Intangible assets:
       
Goodwill
    237,448  
Other Intangible Assets
    17,376  
Other assets
    35,890  
 
     
Total assets
  $ 468,630  
 
     

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    Dollar Amounts  
    in Thousands  
LIABILITIES
       
Deposits:
       
In domestic offices Noninterest — bearing
    9,060  
Interest-bearing
    0  
Not applicable
       
Federal funds purchased and securities sold under agreements to repurchase:
       
Federal funds purchased
    0  
Securities sold under agreements to repurchase
    0  
Trading liabilities
    0  
Other borrowed money:
       
(includes mortgage indebtedness and obligations under capitalized leases)
    58,000  
Not applicable
       
Bank’s liability on acceptances executed and outstanding
    0  
Subordinated notes and debentures
    0  
Other liabilities
    46,904  
 
     
Total liabilities
  $ 113,964  
 
     
Minority interest in consolidated subsidiaries
    0  
 
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    1,000  
Surplus
    294,040  
Retained earnings
    59,681  
Accumulated other comprehensive income
       
Other equity capital components
    (55 )
 
     
Total equity capital
  $ 354,666  
 
     
Total liabilities, minority interest, and equity capital
  $ 468,630  
 
     

     I, Thomas J. Mastro, Comptroller of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

         
Thomas J. Mastro
  )   Comptroller

     We, the undersigned directors, attest to the correctness of this Report of Condition and 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 issued by the appropriate Federal regulatory authority and is true and correct.

         
Richard G. Jackson
Nicholas C. English
Karen B. Shupenko
  )
)
)
   
Directors

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