Form T-2, Statement of Eligibility under the Trust Indenture Act of 1939 of an Individual Designated to Act as a Trustee

An individual proposing to serve as a trustee under an indenture to be qualified under the Trust Indenture Act of 1939 (“Act”) must state his eligibility and qualification on a Form T-2 (17 CFR 269.2) filed with the Securities and Exchange Commission (“Commission”). Form T-2 requires a potential trustee to disclose affiliations with the issuer and its underwriters, trusteeships under other indentures of the same issuer, certain relationships between the trustee and the issuer or an underwriter for the issuer including a directorship, partnership, office holding or employment, the amount of securities of the issuer or any of its underwriters held by the trustee, and holdings by the trustee of any securities of a person owning 50% or more of the voting securities of the issuer. Form T-2 is reviewed by the staff in deciding whether to qualify an indenture relating to securities offered to the public in an offering registered with the Commission under the Securities Act of 1933 or, if the offering is not registered, upon application for qualification under the Form T-3 pursuant to the Act. The information in the Form T-2 provides a basis for deciding that the individual trustee is qualified. The basis for that decision would be unavailable without the information disclosed in Form T-2.

The latest form for Form T-2, Statement of Eligibility under the Trust Indenture Act of 1939 of an Individual Designated to Act as a Trustee expires 2028-09-30 and can be found here.