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)
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BANK OF MONTREAL TRUST COMPANY
(Exact name of trustee as specified in its charter)
NEW YORK 00-0000000
(I.R.S. employer
(State of incorporation or identification no.)
organization
if not a U.S. national bank)
WALL XXXXXX XXXXX, 00 PINE STREET, 10005
19TH FLOOR (Zip code)
NEW YORK, NEW YORK
(ADDRESS OF TRUSTEE'S PRINCIPAL
EXECUTIVE OFFICES)
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XXXX X. XXXXXXXXXX
BANK OF MONTREAL TRUST COMPANY
WALL STREET PLAZA, 00 XXXX XXXXXX, 00XX XXXXX
XXX XXXX, XX 00000
(000) 000-0000
(Name, address and telephone number of agent for service)
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ADELPHIA COMMUNICATIONS CORPORATION
(Exact name of obligor as specified in its charter)
DELAWARE 00-0000000
(State or other (I.R.S. employer
jurisdiction of identification no.)
incorporation or
organization)
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XXXX XX XXXXX XXXXXX
XXXXXXXXXXX, XXXXXXXXXXXX 00000
(Address of principal executive offices)
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8 1/8% SENIOR NOTES DUE 2003
(Title of 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, XX 00000
State of New York Banking Department
0 Xxxxxx Xxxxxx, Xxx Xxxx, XX 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 4. TRUSTEESHIPS UNDER OTHER INDENTURES.
If the trustee is a trustee under another indenture under which any
other securities, or certificates of interest or participation in any
other securities, of the obligor are outstanding, furnish the following
information:
(a) Title of the securities outstanding under each such other indenture.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of September 2, 1992, $125,000,000 principal
amount Adelphia Communications Corporation 11 7/8% Senior Debentures
due September 15, 2004.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of July 28, 1993, $110,000,000 principal
amount Adelphia Communications Corporation 10 1/4% Senior Notes due
July 15, 2000.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of March 11, 1993, $130,000,000 principal
amount Adelphia Communications Corporation 9 7/8% Senior Debentures due
March 1, 2005.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of February 22, 1994, $150,000,000 principal
amount Adelphia Communications Corporation 9 1/2% Senior Pay-In-Kind
Notes due February 15, 2004.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of February 26, 1997, $350,000,000 principal
amount Adelphia Communications Corporation 9 7/8% Senior Notes due
March 1, 2007.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of July 7, 1997, $150,000,000 principal
amount Adelphia Communications Corporation 10 1/2% Senior Notes due
July 15, 2004.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of September 25, 1997, $325,000,000
principal amount Adelphia Communications Corporation 9 1/4% Senior
Notes due October 1, 2002.
Adelphia Communications Corporation and Bank of Montreal Trust Company,
Trustee Indenture dated as of January 21, 1998, $150,000,000 principal
amount Adelphia Communications Corporation 8 3/8% Senior Notes due
February 1, 2008.
(b) A brief statement of the facts relied upon as a basis for the claim
that no conflicting interest within the meaning of Section 310(b)(1)
of the Act arises as a result of the trusteeship under any such other
indenture, including a statement as to how the indenture securities
will rank as compared with the securities issued under such other
indenture.
The indenture to be qualified and the indenture(s) referred to in
paragraph A above are wholly unsecured and rank pari passu.
ITEM 16.LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of eligibility.
A. 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
B. Copy of existing By-Laws of Bank of Montreal Trust Company;
incorporated herein by reference as Exhibit "B" filed with Form T-1
Statement, Registration No. 33-46118
C. 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
D. 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 24th day of September,
1998.
BANK OF MONTREAL TRUST COMPANY
By: /s/ Xxx Xxxxxxx
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Xxx Xxxxxxx
Vice President
EXHIBIT "D"
STATEMENT OF CONDITION
BANK OF MONTREAL TRUST COMPANY
NEW YORK
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ASSETS
Due from Banks.................................................... $ 677,400
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Investment Securities: 71,535
State & Municipal.............................................. 16,513,582
Other.......................................................... 100
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Total Securities............................................. 16,513,682
Loans and Advances:
Federal Funds Sold............................................. 20,900,000
Overdrafts..................................................... 12,169
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Total Loans and Advances..................................... 20,912,169
Investment in Xxxxxx Trust, NY.................................... 8,725,608
Premises and Equipment............................................ 475,614
Other Assets...................................................... 2,636,845
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11,838,067
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TOTAL ASSETS................................................. $49,941,318
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LIABILITIES
Trust Deposits................................................. $ 8,191,549
Other Liabilities.............................................. 16,944,443
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TOTAL LIABILITIES............................................ 25,135,992
CAPITAL ACCOUNTS
Capital Stock, Authorized, Issued and Fully Paid - 10,000 Shares
of $100 Each..................................................... 1,000,000
Surplus........................................................ 4,222,188
Retained Earnings.............................................. 19,605,350
Equity - Municipal Gain/Loss...................................... (22,212)
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TOTAL CAPITAL ACCOUNTS....................................... 24,805,326
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TOTAL LIABILITIES AND CAPITAL ACCOUNTS....................... $49,941,318
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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
June 30, 1998
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
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