EXHIBIT 25.1
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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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U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
00-0000000
I.R.S. Employer Identification No.
000 Xxxx Xxxxx Xxxxxx
Xx. Xxxx, Xxxxxxxxx 00000
(Address of principal executive (Zip Code)
offices)
Xxxxxxx X. Xxxxxxxx
U.S. Bank National Association
000 Xxxx Xxxxx Xxxxxx
Xx. Xxxx, XX 00000
(000) 000-0000
(Name, address and telephone number of agent for service)
NEXTMEDIA OPERATING, INC.
(Exact name of registrant as specified in it's charter)
(For Co-Registrants, please see "Table of Co-Registrants" on Following Page)
Delaware 84-154397
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
0000 Xxxxx Xxxxxxxx Xxxxx Xxxxxx,
Xxxxx 000X
Xxxxxxxxx, XX 00000
(Address of Principal Executive (Zip Code)
Offices)
10 3/4% Senior Subordinated Notes Due 2011
(Title of the Indenture Securities)
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TABLE OF CO-REGISTRANTS
IRS Employer
Jurisdiction of Identification
Name Organization Number
---- --------------- -------------- ---
NM Licensing LLC............................. Delaware 00-0000000
NextMedia Franchising, Inc................... Delaware 00-0000000
NextMedia Outdoor, Inc....................... Delaware 00-0000000
NextMedia Outdoor LLC........................ Delaware 00-0000000
Crickett, Ltd................................ Pennsylvania 00-0000000
Chesapeake Outdoor Enterprises, Inc.......... Delaware 00-0000000
FORM T-1
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.
Comptroller of the Currency
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
Items 3-15 Items 3-15 are not applicable because to the best of the Trustee's
knowledge, the obligor is not in default under any Indenture for which
the Trustee acts as Trustee.
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this
statement of eligibility and qualification.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to commence
business.*
3. A copy of the certificate of authority of the Trustee to exercise
corporate trust powers.*
4. A copy of the existing bylaws of the Trustee.*
5. A copy of each Indenture referred to in Item 4. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Trust
Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of December 31, 2001,
published pursuant to law or the requirements of its supervising or
examining authority, attached as Exhibit 7.
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*Incorporated by reference to Registration Number 333-67188.
NOTE
The answers to this statement insofar as such answers relate to what persons
have been underwriters for any securities of the obligors within three years
prior to the date of filing this statement, or what persons are owners of 10%
or more of the voting securities of the obligors, or affiliates, are based upon
information furnished to the Trustee by the obligors. While the Trustee has no
reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended,
the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking 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 St.
Xxxx, State of Minnesota on the 13th day of March, 2002.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
Vice President
By: /s/ Xxxx-Xxxx Xxxxxxxxx
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Xxxx-Xxxx Xxxxxxxxx
Assistant Vice President
Exhibit 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939, the
undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: March 13, 2002
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
Vice President
By: /s/ Xxxx-Xxxx Xxxxxxxxx
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Xxxx-Xxxx Xxxxxxxxx
Assistant Vice President
Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 12/31/2001
($000's)
Assets
Cash and Due From Depository Institutions....................... $ 9,775,116
Federal Reserve Stock........................................... 0
Securities...................................................... 26,316,516
Federal Funds................................................... 1,261,731
Loans & Lease Financing Receivables............................. 109,012,892
Fixed Assets.................................................... 1,414,464
Intangible Assets............................................... 8,158,687
Other Assets.................................................... 6,637,699
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Total Assets.................................................... $162,577,105
Liabilities
Deposits........................................................ $104,077,584
Fed Funds....................................................... 4,365,180
Treasury Demand Notes........................................... 0
Trading Liabilities............................................. 313,719
Other Borrowed Money............................................ 25,030,765
Acceptances..................................................... 201,492
Subordinated Notes and Debentures............................... 5,348,437
Other Liabilities............................................... 3,894,231
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Total Liabilities............................................... $143,231,408
Equity
Minority Interest in Subsidiaries............................... $ 981,870
Common and Preferred Stock...................................... 18,200
Surplus......................................................... 12,068,893
Undivided Profits............................................... 6,276,734
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Total Equity Capital.......................................... $ 19,345,697
Total Liabilities and Equity Capital.............................. $162,577,105
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To the best of the undersigned's determination, as of the date hereof, the
above financial information is true and correct.
U.S. Bank National Association
By: /s/ Xxxxxxx X. Xxxxxxxx
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Xxxxxxx X. Xxxxxxxx
Vice President
Date: March 13, 2002
