EX-25 6 exhibit25_1.htm

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)

________________________________________

 

JPMORGAN CHASE BANK
(Exact name of trustee as specified in its charter)

 

New York
(State of incorporation
if not a national bank)
    13-4994650
(I.R.S. employer identification No.)
       
                270 Park Avenue
             New York, New York
    
(Address of principal executive offices)

 10017
(Zip Code)

   

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Telephone:  (212) 270-2611
(Name, address and telephone number of agent for service)

 

TRICO MARINE SERVICES, INC.
(Exact name of obligor as specified in its charter)

 

Delaware
(State or other jurisdiction of
incorporation or organization) 

 

 72-1252405
(I.R.S. employer
identification No.)

     

 2401 Fountainview Drive, Suite 920
Houston, Texas
(Address of principal executive offices) 

 

77057
(Zip Code)

                                                                                                   

8-7/8% Senior Notes due 2012

          __________________________________________________         

 

GENERAL

 

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.

                   New York State Banking Department, State House, Albany, New York 12110. 

                  Board of Governors of the Federal Reserve System, Washington, D.C., 20551.           

                  Federal Reserve Bank of New York, District No. 2, 33 Liberty Street,
                  New York, N.Y. 

                  Federal Deposit Insurance Corporation, Washington, D.C., 20429. 

            (b)  Whether it is authorized to exercise corporate trust powers. 

                  Yes. 

Item 2.        Affiliations with the Obligor and Guarantors. 

            If the Obligor or any Guarantor is an affiliate of the trustee, describe each such
affiliation.
 

            None. 

Items 3 through 15, inclusive, are not applicable by virtue of T-1 General Instruction B.

  

Item 16.        List of Exhibits              

               List below all exhibits filed as a part of this Statement of Eligibility. 

               1.  A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.) 

               2.  A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference).  On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank. 

               3.  None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2. 

               4.  A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)   

               5. Not applicable. 

               6. The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank. 

               7.  A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.  

               8.  Not applicable. 

               9.  Not applicable. 

SIGNATURE 

            Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, 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 Houston and State of Texas, on the 31 day of July, 2002.

                                                                        JPMORGAN CHASE BANK 

                                                                    By:              /s/ Rebecca A. Newman                                
                                                                                         Rebecca A. Newman
                                                                                Vice President and Trust Officer


 

Exhibit 7 to Form T-1

 

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business March 31, 2002, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
  

                                    ASSETS

Dollar Amounts
in Millions

Cash and balances due from depository institutions:

 

 

Noninterest-bearing balances and

 

 

currency and coin

$  22,028

 

Interest-bearing balances

9,189

Securities: 

 

Held to maturity securities

428

Available for sale securities

56,159

Federal funds sold and securities purchased under

 

 

agreements to resell

 

 

Federal funds sold in domestic offices

1,901

 

Securities purchased under agreements to resell

69,260

Loans and lease financing receivables:

 

 

Loans and leases held for sale

13,042

 

Loans and leases, net of unearned income          $165,950

 

Less: Allowance for loan and lease losses                3,284

 

Loans and leases, net of unearned income and

 

 

allowance

162,666

Trading Assets

152,633

Premises and fixed assets (including capitalized leases)

5,737

Other real estate owned

43

Investments  in unconsolidated subsidiaries and

 

associated companies

366

Customers' liability to this bank on acceptances

 

 

outstanding

306

Intangible assets

 

 

Goodwill

1,908

 

Other Intangible assets

7,218

Other assets

38,458

TOTAL ASSETS

$541,342

=========

LIABILITIES

 

Deposits

 

 

In domestic offices

$151,985

 

Noninterest-bearing                                  $66,567

 

Interest-bearing                                           85,418

 

In foreign offices, Edge and Agreement

 

 

subsidiaries and IBF's

119,955

 

Noninterest-bearing                                $   6,741

 

Interest-bearing                                        113,214

 

 

 

Federal funds purchased and securities sold under agree-

 

ments to repurchase:

 

 

Federal funds purchased in domestic offices

12,983

 

Securities sold under agreements to repurchase

82,618

Trading liabilities

  94,099

Other borrowed money (includes mortgage indebtedness

 

 

and obligations under capitalized leases)

10,234

Bank's liability on acceptances executed and outstanding

311

Subordinated notes and debentures

9,679

Other liabilities

25,609

TOTAL LIABILITIES

507,473

 Minority Interest in consolidated subsidiaries

109

 

 

 

EQUITY CAPITAL

 

Perpetual preferred stock and related surplus

0

Common stock

1,785

Surplus  (exclude all surplus related to preferred stock)

16,304

Retained earnings

16,548

Accumulated other comprehensive income

 (877)

Other equity capital components

0

TOTAL EQUITY CAPITAL

     33,760

TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

$541,342

=========

I, Joseph L. Sclafani, E.V.P. & Controller 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. 

                                                                JOSEPH L. SCLAFANI 

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 in-
structions issued by the appropriate Federal regulatory
authority and is true and correct.                                                                                           

                                                                                            WILLIAM B. HARRISON, JR. )
                                                                                            ELLEN V. FUTTER                    )
                                                                                            LAWRENCE A. BOSSIDY        )