Exhibit 25.02
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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)
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HSBC BANK USA
(Exact name of trustee as specified in its charter)
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New York 00-0000000
(Jurisdiction of incorporation or (I.R.S. Employer
organization if not a U.S. national bank) Identification No.)
000 Xxxxxxxx, Xxx Xxxx, XX
(000) 000-0000 10005-1180
(Address of principal executive offices) (Zip Code)
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Xxxxxx X. Xxxxxxxx
Senior Vice President
Marine Midland Bank
000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000-0000
Tel: (000) 000-0000
(Name, address and telephone number of agent for service)
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EXODUS COMMUNICATIONS, INC.
(Exact name of obligor as specified in its charter)
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Delaware 00-0000000
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
0000 Xxxxxxx Xxxxxxx Xxxxxxxxx
Xxxxx Xxxxx, XX 00000
(000) 000-0000
(Address of principal executive offices)
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Subordinated Debt Securities*
(Title of Indenture Securities)
* Specific title to be determined in connection with sale of Debt Securities
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GENERAL
Item 1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervisory authority to which
it is subject.
State of New York Banking Department.
Federal Deposit Insurance Corporation, Washington, D.C.
Board of Governors of the Federal Reserve System, 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
Item 4. Other Trusteeships with Exodus Comminications, Inc.
11 1/4 Senior Notes due 2008
10 3/4 Senior Notes and Euro due 2009
11 5/8 Senior Notes due 2010
11 3/8 Senior Notes due 2008
Item 16. List of Exhibits.
Exhibit
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T1A(i) (1) -- Copy of the Organization Certificate of HSBC Bank USA.
T1A(ii) (1) -- Certificate of the State of New York Banking Department dated
December 31, 1993 as to the authority of HSBC Bank USA to
commence business as amended effective on March 29, 1999.
T1A(iii) -- Not applicable.
T1A(iv) (1) -- Copy of the existing By-Laws of HSBC Bank USA as adopted on
January 20, 1994 as amended on October 23, 1997.
T1A(v) -- Not applicable.
T1A(vi) (2) -- Consent of HSBC Bank USA required by Section 321(b) of the
Trust Indenture Act of 1939.
T1A(vii) -- Copy of the latest report of condition of the trustee
(September 30, 2000), published pursuant to law or the
requirement of its supervisory or examining authority.
T1A(viii) -- Not applicable.
T1A(ix) -- Not applicable.
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(1) Exhibits previously filed with the Securities and Exchange Commission with
registration No. 022-22429 and incorporated herein by reference thereto.
(2) Exhibit previously filed with the Securities and Exchange Commission with
Registration No. 33-53693 and incorporated herein by reference thereto.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, HSBC Bank USA, a banking corporation and trust company organized 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 19th day
of December, 2000.
HSBC BANK USA
/s/ Xxxx X. Xxxxx
By: _________________________________
Xxxx X. Xxxxx
Vice President
Exhibit T1A (vii)
Board of Governors of the Federal Reserve System
OMB Number: 7100-0036
Federal Deposit Insurance
Corporation
OMB Number: 3064-0052
Office of the Comptroller of
the Currency
OMB Number: 1557-0081
Federal Financial Institutions Examination Council Expires March 31, 2002
________________________________________________________________________________
Please refer to 1
page i,
Table of
Contents, for
the required
disclosure
of estimated
burden.
________________________________________________________________________________
Consolidated Reports of Condition and Income for
A Bank With Domestic and Foreign Offices--FFIEC 031
Report at the close of business (19980930)
September 30, 2000 (RCRI
9999)
This report is required by law; 12 U.S.C. (S)324 (State member banks); 12
U.S.C. (S)1817 (State nonmember banks); and 12 U.S.C. (S)161 (National banks).
NOTE: The Reports of Condition and Income must be signed by an authorized
officer and the Report of Condition must be attested to by not less than two
directors (trustees) for State nonmember banks and three directors for State
member and National Banks.
I, Xxxxxx X. Xxxxxxx, Executive VP & Controller
________________________________________________________________________________
Name and Title of Officer Authorized to Sign Report
of the named bank do hereby declare that these Reports of Condition and Income
(including the supporting schedules) have been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and are
true to the best of my knowledge and believe.
/s/ Xxxxxx X. Xxxxxxx
________________________________________________________________________________
Signature of Officer Authorized to Sign Report
11/10/00
________________________________________________________________________________
Date of Signature
This report form is to be filed by banks with branches and consolidated
subsidiaries in U.S. territories and possessions, Edge or Agreement
subsidiaries, foreign branches, consolidated foreign subsidiaries, or
International Banking Facilities.
The Reports of Condition and Income are to be prepared in accordance with
Federal regulatory authority instructions.
We, the undersigned directors (trustees), attest to the correctness of this
Report of Condition (including the supporting schedules) 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.
/s/ Xxxxxxx X. Xxxx
________________________________________________________________________________
Director (Trustee)
/s/ Xxxxxxx X. Xxxxxxx
________________________________________________________________________________
Director (Trustee)
/s/ Xxx X. Xxxxxxx
________________________________________________________________________________
Director (Trustee)
________________________________________________________________________________
Submission of Reports
Each Bank must prepare its Reports of Condition and Income either:
(a) in electronic form and then file the computer data file directly with the
banking agencies' collection agent, Electronic Data System Corporation
(EDS), by modem or computer diskette; or
(b) in hard-copy (paper) form and arrange for another party to convert the
paper report to automated for. That party (if other than EDS) must
transmit the bank's computer data file to EDS.
For electronic filing assistance, contact EDS Call report Services, 0000 X.
Xxxxxxxx Xxx., Xxxxxxxxx, XX 00000, telephone (000) 000-0000.
To fulfill the signature and attestation requirement for the Reports of
Condition and Income for this report date, attach this signature page to the
hard-copy of the completed report that the bank places in its files.
________________________________________________________________________________
FDIC Certificate Number
0 0 5 8 9
_______________
"xxxx://XXX.XXXXXXX.XX.XXXX.XXX
________________________________________________________________________________
Primary Internet Web Address of Bank (Home Page), if any (TEXT 4087)
(Example: xxx.xxxxxxxxxxx.xxx)
HSBC Bank USA
________________________________________________________________________________
Legal Title of Bank (TEXT 9010)
Buffalo
________________________________________________________________________________
City (TEXT 9130)
N.Y. 14203
________________________________________________________________________________
State Abbrev. (TEXT
9200) ZIP Code (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
REPORT OF CONDITION
Consolidating domestic and foreign subsidiaries of the HSBC Bank USA of
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Name of Bank
Buffalo in the state of New York, at the close of business September 30, 2000.
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City
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
Thousands of dollars
ASSETS
Cash and balances due from depository institutions:
Non-interest-bearing balances currency and coin...... $ 1,986,803
Interest-bearing balances............................ 6,432,408
Held-to-maturity securities.......................... 4,227,953
Available-for-sale securities........................ 16,867,689
Federal funds sold and securities purchased under
agreements to resell................................ 2,629,177
Loans and lease financing receivables:
Loans and leases net of unearned income.............. $38,813,494
LESS: Allowance for loan and lease losses............ 531,808
LESS: Allocated transfer risk reserve................ --
Loans and lease, net of unearned income, allowance,
and reserve......................................... $38,281,686
Trading assets....................................... 4,937,459
Premises and fixed assets (including capitalized
leases)............................................. 731,615
Other real estate owned................................ 17,793
Investments in unconsolidated subsidiaries and
associated companies.................................. 2,549,829
Customers' liability to this bank on acceptances
outstanding........................................... 226,814
Intangible assets...................................... 2,969,884
Other assets........................................... 2,165,839
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Total assets....................................... $84,024,949
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LIABILITIES
Deposits:
In domestic offices................................ $34,632,582
Non-interest-bearing............................... $ 5,234,945
Interest-bearing................................... 29,397,637
In foreign offices, Edge and Agreement subsidiaries,
and IBFs............................................ 21,655,922
Non-interest-bearing............................... 246,990
Interest-bearing................................... 21,408,932
Federal funds purchased and securities sold under
agreements to repurchase............................ 1,314,197
Demand notes issued to the U.S. Treasury............. 4,140,116
Trading Liabilities.................................. 2,280,559
Other borrowed money (including mortgage indebtedness
and obligations under capitalized leases):
With a remaining maturity of one year or less...... 4,396,659
With a remaining maturity of more than one year
through three years............................... 603,614
With a remaining maturity of more than three
years............................................. 568,109
Bank's liability on acceptances executed and
outstanding......................................... 226,814
Subordinated notes and debentures.................... 1,648,467
Other liabilities.................................... 2,908,320
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Total liabilities................................ $74,375,359
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EQUITY CAPITAL
Perpetual preferred stock and related surplus........ $ --
Common Stock......................................... 205,000
Surplus.............................................. 9,129,848
Undivided profits and capital reserves............... 310,156
Net unrealized holding gains (losses) on available-
for-sale securities................................. 20,473
Accumulated net gain (losses) on cash flow xxxxxx.... --
Cumulative foreign currency translation adjustments.. (15,887)
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Total equity capital............................. 9,649,590
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Total liabilities and equity capital............. $84,024,949
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