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EXHIBIT 25
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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)
BANK OF MONTREAL TRUST COMPANY
(EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)
New York 00-0000000
(JURISDICTION OF INCORPORATION OR ORGANIZATION (I.R.S. EMPLOYER
IF NOT A U.S. NATIONAL BANK) IDENTIFICATION NO.)
Wall Street Plaza
00 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Xxxx X. XxXxxxxxxx
Bank of Montreal Trust Company
Wall Street Plaza
00 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000
(000) 000-0000
(NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)
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SPLITROCK SERVICES, INC.
(EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)
Delaware 00-0000000
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
0000 Xxx Xxxxxx Xxxxx, Xxx. 000
Xxx Xxxxxxxxx, Xxxxx 00000
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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11 3/4% Senior Notes due 2008
(TITLE OF THE INDENTURE SECURITIES)
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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.
Federal Reserve Bank of New York
00 Xxxxxxx Xxxxxx, Xxx Xxxx N.Y. 00000
Xxxxx xx Xxx Xxxx Banking Department
0 Xxxxxx Xxxxxx, Xxx Xxxx, X.X. 00000
(b) Whether it is authorized to exercise corporate trust powers.
The Trustee is authorized to exercise corporate trust
powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
If the obligor is an affiliate of the trustee, describe each
such affiliation.
The obligor is not an affiliate of the trustee.
ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of eligibility.
Exhibit 1 - Copy of Organization Certificate of Bank of Montreal Trust
Company to transact business and exercise corporate trust
powers; incorporated herein by reference as Exhibit "A"
filed with Form T-1 Statement, Registration No. 33-46118.
Exhibit 4 - Copy of the existing By-Laws of Bank of Montreal Trust
Company; incorporated herein by reference as Exhibit "B"
filed with Form T-1 Statement, Registration No. 33-80928.
Exhibit 6 - The consent of the Trustee required by Section 321(b)
of the Act; incorporated herein by reference as
Exhibit "C" with Form T-1 Statement, Registration
No. 33-46118.
Exhibit 7 - A copy of the latest report of condition of Bank of
Montreal Trust Company published pursuant to law or the
requirements of its supervising or examining authority,
attached hereto as Exhibit "D".
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of
1939 the Trustee, Bank of Montreal Trust Company, 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 6th day of August, 1998.
BANK OF MONTREAL TRUST COMPANY
By: /s/ XXX X. XXXXXXX
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Xxx X. Xxxxxxx
Vice President
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EXHIBIT 25
EXHIBIT "D"
STATEMENT OF CONDITION
BANK OF MONTREAL TRUST COMPANY
NEW YORK
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ASSETS
Due From Banks $ 528,979
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Investment Securities:
State & Municipal 17,085,290
Other 100
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TOTAL SECURITIES 17,085,390
Loans and Advances
Federal Funds Sold 4,400,000
Overdrafts 10,000
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TOTAL LOANS AND ADVANCES 4 ,410,000
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Investment in Xxxxxx Trust, NY 8,509,571
Premises and Equipment 288,644
Other Assets 2,965,076
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11,763,291
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TOTAL ASSETS $ 33,787,660
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LIABILITIES
Trust Deposits $ 8,680,937
Other Liabilities 824,388
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TOTAL LIABILITIES 9,505,325
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CAPITAL ACCOUNTS
Capital Stock, Authorized, Issued and
Fully Paid - 10,000 Shares of $100 Each 1,000,000
Surplus 4,222,188
Retained Earnings 19,048,815
Equity - Municipal Gain/Loss 11,332
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TOTAL CAPITAL ACCOUNTS 24,282,335
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TOTAL LIABILITIES
AND CAPITAL ACCOUNTS $ 33,787,660
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I, Xxxx X. XxXxxxxxxx, Vice President, 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.
Xxxx X. XxXxxxxxxx
December 31, 1997
We, the undersigned directors, attest to the correctness of this
statement of resources and liabilities. We declared 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.
Xxxxxx Xxxxxx
Xxxxx X. Xxxxx
Xxxxxx X. Xxxxxxxxx
