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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
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STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939, AS AMENDED,
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305 (b) (2) X
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FIRST UNION NATIONAL BANK OF GEORGIA
(Exact name of Trustee as specified in its charter)
000 XXXXXXXXX XXXXXX
XXXXXXX, XXXXXXX 00000 00-0000000
(Address of principal executive office) (Zip Code) (I.R.S. Employer Identification No.)
R. Xxxxxxx Xxxxxx
First Union National Bank of Georgia
000 Xxxxxxxxx Xxxxxx X.X.
Xxxxxxx, Xxxxxxx 00000
(000) 000-0000
(Name, Address and Telephone Number of Agent for Service)
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INTERFACE, INC.
(Exact name of Obligor as specified in its charter)
Georgia 00-0000000
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
0000 Xxxxx Xxxxx Xxxx, Xxxxx 0000
Xxxxxxx, XX 00000
(Address of principal executive offices) (Zip Code)
9 1/2% Senior Subordinated Notes Due 2005, Series A
(Title of the indenture securities)
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1. General information.
(a) The following are the names and addresses of each examining or
supervising authority to which the Trustee is subject:
The Comptroller of the Currency, Washington, D.C.
Federal Reserve Bank of Atlanta, Georgia.
Federal Deposit Insurance Corporation, Washington, D.C.
Securities and Exchange Commission, Division of Market
Regulation, Washington, D.C.
(b) The Trustee is authorized to exercise corporate trust powers.
2. Affiliations with obligor.
The obligor is not an affiliate of the Trustee.
(See Note 2 on Page 5)
3. Voting Securities of the Trustee.
The following information is furnished as to each class of
voting securities of the Trustee:
As of June 30, 1995
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Column A Column B
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Title of Class Amount Outstanding
Common 1,462,700 shares
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Common Stock, par value $10.00 a share
4. Trusteeships under other indentures.
The Trustee is not a trustee under any other indenture under
which any other securities, or certificates of interest or
participation in any other securities, of the obligor are outstanding.
5. Interlocking directorates and similar relationships with the obligor
or underwriters.
Neither the Trustee nor any of the directors or executive
officers of the Trustee is a director, officer, partner, employee,
appointee or representative of the obligor or of any underwriter for
the obligor. (See Note 2 on Page 5)
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6. Voting securities of the Trustee owned by the obligor or its
officials.
Voting securities of the Trustee owned by the obligor and its
directors, partners and executive officers, taken as a group, do not
exceed one percent of the outstanding voting securities of the
Trustee.
(See Notes 1 and 2 on Page 5)
7. Voting securities of the Trustee owned by underwriters or their
officials.
Voting securities of the Trustee owned by any underwriter and
its directors, partners, and executive officers, taken as a group, do
not exceed one percent of the outstanding voting securities of the
Trustee.
(See Notes 1 and 2 on Page 5)
8. Securities of the obligor owned or held by the Trustee.
The amount of securities of the obligor which the Trustee owns
beneficially or holds as collateral security for obligations in
default does not exceed one percent of the outstanding securities of
the obligor.
(See Note 2 on Page 5)
9. Securities of underwriters owned or held by the Trustee.
The Trustee does not own beneficially or hold as collateral
security for obligations in default any securities of an underwriter
for the obligor.
(See Note 2 on Page 5)
10. Ownership or holdings by the Trustee of voting securities of certain
affiliates or security holders of the obligor.
The Trustee does not own beneficially or hold as collateral
security for obligations in default voting securities of a person,
who, to the knowledge of the Trustee (1) holds 10% or more of the
voting securities of the obligor or (2) is an affiliate, other than a
subsidiary, of the obligor.
(See Note 2 on Page 5)
11. Ownership or holdings by the Trustee of any securities of a person
owning 50 percent or more of the voting securities of the obligor.
The Trustee does not own beneficially or hold as collateral
security for obligations in default any securities of a person who, to
the knowledge of Trustee, owns 50 percent or more of the voting
securities of the obligor. (See Note 2 on Page 5)
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12. Indebtedness of the obligor to the Trustee.
The obligor is not indebted to the Trustee.
13. Defaults by the obligor.
There are no defaults.
14. Affiliations with the underwriters.
No underwriter is an affiliate of the Trustee.
15. Foreign trustee.
Not applicable.
16. List of Exhibits.
(1) Articles of Association of the Trustee as now in effect. (See
Exhibit 1 of the Form T-1 filed in connection with Registration
Statement No. 33-92776, which is incorporated herein by reference)
(2) Certificate of Authority of the Trustee to commence business. (See
Exhibit 2 of the Form T-1 filed in connection with Registration
Statement No. 33-92776, which is incorporated herein by reference)
(3) Authorization of the Trustee to exercise corporate trust powers.
Incorporated in Exhibit (4).
(4) By-Laws of the Trustee, as amended, to date. (See Exhibit 4 of the
Form T-1 filed in connection with Registration Statement No.
33-92776, which is incorporated herein by reference)
(5) Not applicable.
(6) Consent by the Trustee required by Section 321(b) of the Trust
Indenture Act of 1939. Included on Page 6 of this Form T-1
Statement.
(7) Most recent report of condition of the Trustee.
(8) Not applicable.
(9) Not applicable.
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NOTES
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1. Since the Trustee is a member of First Union Corporation, a
bank holding company, all of the voting securities of the Trustee are held by
First Union Corporation. The securities of First Union National Bank of
Georgia are described in Item 3.
2. Inasmuch as this Form T-1 is filed prior to the ascertainment by
the Trustee of all facts on which to base responsive answers to Items 2, 5, 6,
7, 8, 9, 10 and 11, the answers to said Items are based on incomplete
information. Items 2, 5, 6, 7, 8, 9, 10 and 11 may, however by considered as
correct unless amended by an amendment to this Form T-1.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, FIRST UNION NATIONAL BANK OF GEORGIA, a national
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 Atlanta, and State of Georgia on the 14th day of December, 1995.
FIRST UNION NATIONAL BANK OF GEORGIA
(Trustee)
BY: R. Xxxxxxx Xxxxxx
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R. Xxxxxxx Xxxxxx, Assistant Vice President
EXHIBIT T-1 (6)
CONSENT OF TRUSTEE
Under section 321(b) of the Trust Indenture Act of 1939 and in
connection with the proposed issuance by Interface, Inc. of its 9 1/2 Senior
Subordinated Notes, Series A, First Union National Bank of Georgia, as the
Trustee herein named, hereby consents that reports of examinations of said
Trustee by Federal, State, Territorial or District authorities may be furnished
by such authorities to the Securities and Exchange Commission upon request
therefor.
FIRST UNION NATIONAL BANK OF GEORGIA
BY: Xxxxxxxxx X. Xxxxxx
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Dated: December 14, 1995 Xxxxxxxxx X. Xxxxxx, Vice President
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EXHIBIT 7
Legal Title of Bank: FIRST UNION NATIONAL BANK OF GEORGIA Call Date: 9/30/95 ST-BK: 13-0795 FFIEC 032
Address: 000 XXXXXXXXX XXXXXX Page RC-1
City, State Zip: XXXXXXX, XX 00000
FDIC Certificate No.: /2/0/1/4/7/
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR SEPTEMBER 30, 1995
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.
SCHEDULE RC--BALANCE SHEET
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C300
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Dollar Amounts in Thousands RCON Bil Mil Thou
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ASSETS //////////////////
1. Cash and balance due from depository institutions (from Schedule RC-A): //////////////////
a. Noninterest-bearing balances and currency and coin(1) ................................... 0081 526,559 1.a.
b. Interest-bearing balances(2) ............................................................ 0071 0 1.b.
2. Securities: //////////////////
a. Held-to-maturity securities (from Schedule RC-B, column A) .............................. 1754 272,180 2.a.
b. Available-for-sale securities (from Schedule RC-B, column D) ............................ 1773 1,047,509 2.b.
3. Federal funds sold and securities purchased under agreements to resell: //////////////////
a. Federal funds sold ...................................................................... 0276 138,562 3.a.
b. Securities purchased under agreements to resell ......................................... 0277 0 3.b.
4. Loans and lease financing receivables: //////////////////
a. Loans and leases, net of unearned income (from Schedule RC-C) / RCON 2122 / 8,846,299 ////////////////// 4.a.
b. LESS: Allowance for loan and lease losses ................... / RCON 3123 / 230,575 ////////////////// 4.b.
c. LESS: Allocated transfer risk reserve ....................... / RCON 3128 / 0 ////////////////// 4.c.
d. Loans and leases, net of unearned income,
allowance, and reserve (item 4.a minus 4.b and 4.c) ..................................... 2125 8,615,724 4.d.
5. Trading assets (from Schedule RC-D) ......................................................... 3545 1,802 5.
6. Premises and fixed assets (including capitalized leases) .................................... 2145 150,317 6.
7. Other real estate owned (from Schedule RC-M) ................................................ 2150 20,760 7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M) .... 2130 0 8.
9. Customers' liability to this bank on acceptances outstanding ................................ 2155 2,914 9.
10. Intangible assets (from Schedule RC-M) ...................................................... 2143 90,627 10.
11. Other assets (from Schedule RC-F) ........................................................... 2160 369,398 11.
12. Total assets (sum of items 1 through 11) .................................................... 2170 11,236,352 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
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Legal Title of Bank: FIRST UNION NATIONAL BANK OF GEORGIA Call Date: 9/30/95 ST-BK: 13-0795 FFIEC 032
Address: 000 XXXXXXXXX XXXXXX Page RC-2
City, State Zip: XXXXXXX, XX 00000
FDIC Certificate No.: /2/0/1/4/7/
SCHEDULE RC--CONTINUED
Dollar Amounts in Thousands RCON Bil Mil Thou
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LIABILITIES //////////////////
13. Deposits: //////////////////
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E) ............... 2200 7,538,603 13.a.
(1) Noninterest-bearing (1) .................................../ RCON 6631 / 1,092,327 ////////////////// 13.a. (1)
(2) Interest-bearing ........................................../ RCON 6636 / 6,446,276 ////////////////// 13.a. (2)
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs ........................... //////////////////
(1) Noninterest-bearing ................................................................. //////////////////
(2) Interest-bearing .................................................................... //////////////////
14. Federal funds purchased and securities sold under agreements to repurchase: //////////////////
a. Federal funds purchased ................................................................. 0278 1,594,033 14.a.
b. Securities sold under agreements to repurchase .......................................... 0279 244,144 14.b.
15. a. Demand notes issued to the U.S. Treasury ................................................ 2840 6,000 15.a.
b. Trading liabilities (from Schedule RC-D) ................................................ 3548 1,802 15.b.
16. Other borrowed money: //////////////////
a. With original maturity of one year or less .............................................. 2332 279,667 16.a.
b. With original maturity of more than one year ............................................ 2333 528,832 16.b.
17. Mortgage indebtedness and obligations under capitalized leases .............................. 2910 2,663 17.
18. Bank's liability on acceptances executed and outstanding .................................... 2920 2,914 18.
19. Subordinated notes and debentures ........................................................... 3200 255,832 19.
20. Other liabilties (from Schedule RC-G) ....................................................... 2930 175,746 20.
21. Total liabilities (sum of items 13 through 20) .............................................. 2948 10,630,236 21.
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22. Limited-life preferred stock and related surplus ............................................ 3282 0 22.
EQUITY CAPITAL //////////////////
23. Perpetual preferred stock and related surplus ............................................... 3838 0 23.
24. Common stock ................................................................................ 3230 14,628 24.
25. Surplus (exclude all surplus related to preferred stock) .................................... 3839 374,799 25.
26. a. Undivided profits and capital reserves ................................................... 3632 222,844 26.a.
b. Net unrealized holding gains (losses) on available-for-sale securities ................... 8434 (6,155) 26.b.
27. Cumulative foreign currency translation adjustments ......................................... //////////////////
28. Total equity capital (sum of items 23 through 27) ........................................... 3210 606,116 28.
29. Total liabilities, limited-life preferred stock, and equity capital //////////////////
(sum of items 21, 22, and 28) ............................................................... 3300 11,236,352 29.
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Memorandum
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
1. Indicate in the box at the right the number of the statement below that Number
best describes the most comprehensive level of auditing work performed for ---------------------
the bank by independent external auditors as of any date during 1994 ........................ / RCON 6724 / N/A / M.1.
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1 = Independent audit of the bank conducted in accordance 4 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 5 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 6 = Compilation of the bank's financial statements by external
submits a report on the consolidated holding company auditors
(but not on the bank separately) 7 = Other audit procedures (excluding tax preparation work)
3 = Directors' examination of the bank conducted in accor- 8 = No external audit work
dance with generally accepted auditing standards by a
certified public accounting firm (may be required by state
chartering authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
