Exhibit 25.1

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

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)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

31-0841368

I.R.S. Employer

Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

  55402
(Address of principal executive offices)   (Zip Code)

Yvonne Siira

U.S. Bank National Association

1555 North RiverCenter Drive, Suite 203

Milwaukee, WI 53202

(414) 905-5010

(Name, address and telephone number of agent for service)

 

 

Actuant Corporation

(Issuer with respect to the Securities)

 

 

 

Wisconsin   39-0168610

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

N86 W12500 Westbrook Crossing

Menomonee Falls, Wisconsin

  53051
(Address of Principal Executive Offices)   (Zip Code)

 

 

5.625% Senior Notes Due 2022

(Title of the Indenture Securities)

 

 

 


TABLE OF ADDITIONAL REGISTRANTS

The following subsidiaries of Actuant Corporation are Registrant Guarantors:

 

Exact Name of Registrant Guarantor as
Specified in its Charter

   State or Other
Jurisdiction of
Incorporation or
Organization
   Primary
Standard
Industrial
Classification
Number
   I.R.S. Employer
Identification
Number

Acme Electric, LLC

   DE    3590    90-0402319

Actuant Electrical, Inc.

   NY    3590    16-1527036

Actuant Holdings, LLC

   DE    3590    90-0645372

Actuant International Holdings, Inc.

   DE    3590    26-1643256

Applied Power Investments II, Inc.

   NV    3590    36-3673537

B.W. Elliott Manufacturing Co., LLC

   NY    3590    22-3673270

Cortland Company, Inc.

   DE    3590    20-1319942

Engineered Solutions, L.P.

   IN    3590    31-1757546

GB Tools & Supplies, LLC

   DE    3590    39-0964876

Hydratight Operations, Inc.

   DE    3590    36-4404407

Maxima Holding Company, Inc.

   DE    3590    42-1595061

Maxima Holdings – Europe, Inc.

   DE    3590    20-3131802

Maxima Technologies & Systems, LLC

   DE    3590    42-1595056

Precision Sure-Lock, Inc.

   DE    3590    04-3665130

PSL Holdings, Inc.

   TX    3590    20-2377666

Sanlo, Inc.

   DE    3590    30-0257208

Versa Technologies, Inc.

   DE    3590    39-1143618

The address, including zip code, and telephone number, including area code, of the principal executive office of each Registrant Guarantor listed above are the same as those of Actuant Corporation.

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, attached as Exhibit 2.

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

  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, 2011 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number
333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.

 

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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 Milwaukee, State of Wisconsin on the 29th of June, 2012.

 

By:  

/s/ Yvonne Siira

  Yvonne Siira
  Vice President

 

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Exhibit 2

 

LOGO

Comptroller of the Currency

Administrator of National Banks

Washington, DC 20219

CERTIFICATE OF CORPORATE EXISTENCE

I, John Walsh, Acting Comptroller of the Currency, do hereby certify that:

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq., as amended, 12 U.S.C. 1, et seq., as amended, has possession, custody and control of all records pertaining to the chartering, regulation and supervision of all National Banking Associations.

2. “U.S. Bank National Association,” Cincinnati, Ohio, (Charter No. 24), is a National Banking Association formed under the laws of the United States and is authorized thereunder to transact the business of banking on the date of this Certificate.

 

LOGO

  IN TESTIMONY WHERE OF, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the Treasury Department, in the City of Washington and District of Columbia, this September 9, 2010.  
 

 

LOGO

 
 

Acting Comptroller of the Currency

 

 

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Exhibit 3

 

LOGO

Comptroller of the Currency

Administrator of National Banks

Washington, DC 20219

CERTIFICATE OF FIDUCIARY POWERS

I, John Walsh, Acting Comptroller of the Currency, do hereby certify that:

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq., as amended, 12 U.S.C. 1, et seq., as amended, has possession, custody and control of all records pertaining to the chartering, regulation and supervision of all National Banking Associations,

2. “U.S. Bank National Association,” Cincinnati, Ohio, (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962,

76 Stat.668, 12 U.S.C, 92 a, and that the authority so granted remains in full force and effect on the date of this Certificate.

 

LOGO

  IN TESTIMONY WHERE OF, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the Treasury Department, in the City of Washington and District of Columbia, this September 9, 2010.  
 

 

LOGO

 
 

Acting Comptroller of the Currency

 

 

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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: June 29, 2012

 

By:  

/s/ Yvonne Siira

  Yvonne Siira
  Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 3/31/2012

($000’s)

 

     3/31/2012  

Assets

  

Cash and Balances Due From Depository Institutions

   $ 9,560,436   

Securities

     72,930,403   

Federal Funds

     33,777   

Loans & Lease Financing Receivables

     204,146,986   

Fixed Assets

     5,372,613   

Intangible Assets

     12,620,805   

Other Assets

     25,562,406   
  

 

 

 

Total Assets

   $ 330,227,426   

Liabilities

  

Deposits

   $ 238,678,346   

Fed Funds

     6,937,931   

Treasury Demand Notes

     0   

Trading Liabilities

     349,463   

Other Borrowed Money

     31,722,312   

Acceptances

     0   

Subordinated Notes and Debentures

     5,929,362   

Other Liabilities

     10,661,152   
  

 

 

 

Total Liabilities

   $ 294,278,566   

Equity

  

Minority Interest in Subsidiaries

   $ 1,947,357   

Common and Preferred Stock

     18,200   

Surplus

     14,133,323   

Undivided Profits

     18,849,980   
  

 

 

 

Total Equity Capital

   $ 35,948,860   

Total Liabilities and Equity Capital

   $ 330,227,426   

 

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