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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION 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. TRUST COMPANY OF TEXAS, N.A.
(Exact name of trustee as specified in its charter)
00-0000000
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
0000 Xxxx Xxx, Xxxxx 0000 00000
Xxxxxx, Xxxxx (Zip Code)
(Address of trustee's
principal executive offices)
Compliance Officer
U.S. Trust Company of Texas, N.A.
0000 Xxxx Xxx, Xxxxx 0000
Xxxxxx, Xxxxx 00000
(000) 000-0000
(Name, address and telephone number of agent for service)
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Affiliated Computer Services, Inc.
(Exact name of obligor as specified in its charter)
Delaware 00-0000000
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
0000 Xxxxx Xxxxxxx
Xxxxxx, Xxxxx 00000
(Address of principal executive offices) (Zip Code)
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4% Convertible Subordinated Note due 2005
(Title of the indenture securities)
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GENERAL
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 Dallas (11th District), Dallas, Texas
(Board of Governors of the Federal Reserve System)
Federal Deposit Insurance Corporation, Dallas, Texas
The Office of the Comptroller of the Currency, Dallas, Texas
(b) Whether it is authorized to exercise corporate trust powers.
The Trustee is authorized to exercise corporate trust powers.
2. AFFILIATIONS WITH OBLIGOR AND UNDERWRITERS.
If the obligor or any underwriter for the obligor is an affiliate of the
Trustee, describe each such affiliation.
None.
3. VOTING SECURITIES OF THE TRUSTEE.
Furnish the following information as to each class of voting securities of
the Trustee:
As of March 27, 1998
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Col A. Col B.
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Title of Class Amount Outstanding
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Capital Stock - par value $100 per share 5,000 shares
4. TRUSTEESHIPS UNDER OTHER INDENTURES.
Not Applicable
5. INTERLOCKING DIRECTORATES AND SIMILAR RELATIONSHIPS WITH THE OBLIGOR OR
UNDERWRITERS.
Not Applicable
6. VOTING SECURITIES OF THE TRUSTEE OWNED BY THE OBLIGOR OR ITS OFFICIALS.
Not Applicable
7. VOTING SECURITIES OF THE TRUSTEE OWNED BY UNDERWRITERS OR THEIR OFFICIALS.
Not Applicable
8. SECURITIES OF THE OBLIGOR OWNED OR HELD BY THE TRUSTEE.
Not Applicable
9. SECURITIES OF UNDERWRITERS OWNED OR HELD BY THE TRUSTEE.
Not Applicable
10. OWNERSHIP OR HOLDINGS BY THE TRUSTEE OF VOTING SECURITIES OF CERTAIN
AFFILIATES OR SECURITY HOLDERS OF THE OBLIGOR.
Not Applicable
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.
Not Applicable
12. INDEBTEDNESS OF THE OBLIGOR TO THE TRUSTEE.
Not Applicable
13. DEFAULTS BY THE OBLIGOR.
Not Applicable
14. AFFILIATIONS WITH THE UNDERWRITERS.
Not Applicable
15. FOREIGN TRUSTEE.
Not Applicable
16. LIST OF EXHIBITS.
T-1.1 - A copy of the Articles of Association of U.S. Trust Company
of Texas, N.A.; incorporated herein by reference to
Exhibit T-1.1 filed with Form T-1 Statement, Registration
No. 22-21897.
16. (con't.)
T-1.2 - A copy of the certificate of authority of the Trustee to
commence business; incorporated herein by reference to
Exhibit T-1.2 filed with Form T-1 Statement, Registration
No. 22-21897.
T-1.3 - A copy of the authorization of the Trustee to exercise
corporate trust powers; incorporated herein by reference to
Exhibit T-1.3 filed with Form T-1 Statement, Registration
No. 22-21897.
T-1.4 - A copy of the By-laws of the U.S. Trust Company of Texas,
N.A., as amended to date; incorporated herein by reference
to Exhibit T-1.4 filed with Form T-1 Statement, Registration
No. 22-21897.
T-1.6 - The consent of the Trustee required by Section 321(b) of the
Trust Indenture Act of 1939.
T-1.7 - A copy of the latest report of condition of the Trustee
published pursuant to law or the requirements of its
supervising or examining authority.
NOTE
As of March 27, 1998 the Trustee had 5,000 shares of Capital Stock outstanding,
all of which are owned by U.S. T.L.P.O. Corp. As of March 27, 1998
U.S. T.L.P.O. Corp. had 35 shares of Capital Stock outstanding, all of which are
owned by U.S. Trust Corporation. U.S. Trust Corporation had outstanding
18,955,454 shares of $5 par value Common Stock as of March 27, 1998.
The term "Trustee" in Items 2, 5, 6, 7, 8, 9, 10 and 11 refers to each of U.S
Trust Company of Texas, N.A., U.S. T.L.P.O. Corp. and U.S. Trust Corporation.
In as much as this Form T-1 is filed prior to the ascertainment by the Trustee
of all the facts on which to base responsive answers to Items 2, 5, 6, 7, 9,
10 and 11, the answers to said Items are based upon incomplete information.
Items 2, 5, 6, 7, 9, 10 and 11 may, however, be considered correct unless
amended by an amendment to this Form T-1.
In answering any items in this Statement of Eligibility and Qualification which
relates to matters peculiarly within the knowledge of the obligors or their
directors or officers, or an underwriter for the obligors, the Trustee has
relied upon information furnished to it by the obligors and will rely on
information to be furnished by the obligors or such underwriter, and the Trustee
disclaims responsibility for the accuracy or completeness of such information.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee,
U.S Trust Company of Texas, N.A., a national banking association organized 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 Dallas, and State of Texas on the
27th day of March, 1998.
U.S. Trust Company
of Texas, N.A., Trustee
By: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
Vice President
Exhibit T-1.6
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of
1939 as amended in connection with the proposed issue of Affiliated Computer
Services 4% Convertible Subordinated Note due 2005, we hereby consent that
reports of examination by Federal, State, Territorial or District authorities
may be furnished by such authorities to the Securities and Exchange Commission
upon request therefore.
U.S. Trust Company of Texas, N.A.
By: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
Vice President
Board of Governors of the Federal Reserve System
OMB Number: 7100-0036
Federal Deposit Insurance Corporation
OMB Number: 3064-0052
Office of the Comptroller of the Currency
Federal Financial Institutions Examination Council OMB Number: 1557-0081
Expires March 31, 2000
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Please Refer to Page i, (1)
Table of Contents, for
(LOGO) the required disclosure
of estimated burden
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CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR A BANK WITH
DOMESTIC OFFICES ONLY AND TOTAL ASSETS OF LESS THAN $100 MILLION
- - FFIEC 034
(970331)
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REPORT AT THE CLOSE OF BUSINESS September 30,1997 (RCRI 9999)
This report is required by law: 12 U.S.C. Section 324 (State This report form is to be filed by banks with domestic offices
member banks); 12 U.S.C. Section 1817 (State nonmember banks); only. Banks with branches and consolidated subsidiaries in
and 12 U.S.C. Section 161 (National banks). U.S. territories and possessions, Edge or Agreement
subsidiaries, foreign branches, consolidated foreign
subsidiaries, or International Banking Facilities must file
FFIEC 031.
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NOTE: The Reports of Condition and Income must be signed by an The Reports of Condition and Income are to be prepared in
authorized officer and the Report of Condition must be attested accordance with Federal regulatory authority instructions.
to by not less than two directors (trustees) for State nonmember NOTE: these instructions may in some cases differ from
banks and three directors for State member and National Banks. generally accepted accounting principles.
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I, Xxxxxx X. Childs, SVP & Cashier We, the undersigned directors (trustees), attest to the
------------------------------- correctness of this Report of Condition (including the
Name and Title of Officer Authorized to Sign Report supporting schedules) and declare that it has been examined by
of the named bank do hereby declare that these Reports of us and to the best of our knowledge and belief has been
Condition and Income (including the supporting schedules) have prepared in conformance with the instructions issued by the
been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and
appropriate Federal regulatory authority and are true to the best correct.
of my knowledge and belief.
/s/ Xxxxxx X. Xxxxxxx
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/s/ Xxxxxx X. Childs Director (Trustee)
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Signature of Officer Authorized to Sign Report
/s/ Xxxxxx Xxxxx
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1/21/98 Director (Trustee)
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Date of Signature
/s/ X. X. Xxxxx Xx.
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Director (Trustee)
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FOR BANKS SUBMITTING HARD COPY REPORT FORMS:
STATE MEMBER BANKS: Return the original and one copy to the NATIONAL BANKS: Return the original only in the special return
appropriate Federal Reserve District Bank. address envelope provided. If express mail is used in lieu of
the special return address envelope, return the original only to
STATE NONMEMBER BANKS: Return the original only in the special the FDIC, c/o Quality Data Systems, 0000 Xxxxx Xxxxx, Xxxxx 000,
return address envelope provided. If express mail is used in Xxxxxxx, XX 00000.
lieu of the special return address envelope, return the original
only to the FDIC, c/o Quality Data Systems, 0000 Xxxxx Xxxxx,
Xxxxx 000, Xxxxxxx, XX 00000.
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FDIC Certificate Number ____________ 12/31/97
(RCRI 9050) Banks should affix the address label in this space.
U. S. Trust Company of Texas, National Association
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Legal Title of Bank (TEXT 9010)
0000 Xxxx Xxxxxx, Xxxxx 0000
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City (TEXT 9130)
Xxxxxx, XX 00000
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State Abbrev. (TEXT 9200) ZIP Code (TEXT 9220)
Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency
Call Date: 09/30/97 State #: 6797 FFIEC 034
U.S. Trust Company of Texas, N.A. Vendor ID: D Cert #: 33217 Page RC-2
0000 Xxxx Xxxxxx, Xxxxx 0000 Transit #: 11101765
Xxxxxx, XX 00000
9
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR June 30,1997
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
C100
Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions: RCON
----
a. Noninterest-bearing balances and currency and coin (1,2)_________________ ______ _______ 0081 886 1.a
b. Interest bearing balances (3)____________________________________________ ______ _______ 0071 2061 1.b
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B, column A)_______________ ______ _______ 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D)_____________ ______ _______ 1773 130,637 2.b
3. Federal funds sold (4) and securities purchased under agreements to resell: 1350 9,000 3
4. Loans and lease financing receivables: RCON
----
a. Loans and leases, net of unearned income (from Schedule RC-C)____________ 2122 15,528 4.a
b. LESS: Allowance for loan and lease losses_______________________________ 3123 200 4.b
c. LESS: Allocated transfer risk reserve___________________________________ 3128 0 4.c
RCON
d. Loans and leases, net of unearned income, allowance, and reserve ----
(item 4.a minus 4.b and 4.c)____________________________________________ ______ _______ 2125 15,328 4.d
5. Trading assets_______________________________________________________________ ______ _______ 3545 0 5.
6. Premises and fixed assets (including capitalized leases)_____________________ ______ _______ 2145 780 6.
7. Other real estate owned (from Schedule RC-M)_________________________________ ______ _______ 2150 0 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 0 9.
10. Intangible assets (from Schedule RC-M)_______________________________________ ______ _______ 2143 0 10.
11. Other assets (from Schedule RC-F)____________________________________________ ______ _______ 2160 1,962 11.
12. a. Total assets (sum of items 1 through 11)_________________________________ ______ _______ 2170 160,654 12.a
b. Losses deferred pursuant to U.S.C. 1823(j)_______________________________ ______ _______ 0306 0 12.b
c. Total assets and losses deferred pursuant to 12 U.S.C. 1823(j)
(sum of items 12.a and 12.b)___________________________________________ ______ _______ 0307 160,654 12.c
(1) Includes cash items in process of collection and unposted debits.
(2) The amount reported in this item must be greater than or equal to the sum of Schedule RC-M, items 3.a and 3.b.
(3) Includes time certificates of deposit not held for trading.
(4) Report "term federal funds sold" in Schedule RC, item 4.a, "Loans and leases, net of unearned income," and in Schedule
RC-C, part 1.
(5) Report securities purchased under agreements to resell that involve the receipt of immediately available funds and
mature in one business day or roll over under a continuing contract in Schedule RC, item 3.a, "Federal funds sold."
U.S. Trust Company of Texas, N.A. Call Date: 12/31/97 State #: 6797 FFIEC 034
0000 Xxxx Xxxxxx, Xxxxx 0000 Xxxxxx XX: D Cert #: 33217 Page RC-2
Xxxxxx, XX 00000 Transit #: 11101765
10
SCHEDULE RC - CONTINUED
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of RCON
columns A and C from Schedule RC-E)_____________________________________ RCON ----
---- 2200 132,784 13.a
(1) Noninterest-bearing (1)____________________________________________ 6631 24,929 13.a.1
(2) Interest-bearing __________________________________________________ 6636 107,855
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs
(1) Noninterest-bearing_______________________________________________
(2) Interest-bearing__________________________________________________
14. Federal funds purchased (2) and securities sold under agreements to repurchase: RCON
----
2800 0 14
15. a. Demand notes issued to the U.S. Treasury_________________________________ ______ _______ 2840 0 15.a
b. Trading liabilities______________________________________________________ ______ _______ 3548 0 15.b
16. Other borrowed money:
a. With a remaining maturity of one year or less____________________________ ______ _______ 2332 1,000 16.a
b. With a remaining maturity of more than one year through three years_______ ______ _______ A547 2,000 16.b
c. With a remaining maturity of more than three years________________________ ______ _______ A548 2,000 16.c
17. Not applicable
18. Bank's liability on acceptances executed and outstanding_____________________ ______ _______ 2920 0 18.
19. Subordinated notes and debentures____________________________________________ ______ _______ 3200 0 19.
20. Other liabilities (from Schedule RC-G)_______________________________________ ______ _______ 2930 2,323 20.
21. Total liabilities (sum of items 13 through 20)_______________________________ ______ _______ 2948 140,107 21.
22. Not applicable
EQUITY CAPITAL RCON
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23. Perpetual preferred stock and related surplus________________________________ ______ _______ 3838 7,000 23.
24. Common stock_________________________________________________________________ ______ _______ 3230 500 24.
25. Surplus (exclude all surplus related to preferred stock)_____________________ ______ _______ 3839 8,384 25.
26. a. Undivided profits and capital reserves___________________________________ ______ _______ 3632 4,298 26.a
b. Net unrealized holding gains (losses) on available-for-sale securities___ ______ _______ 8434 365 26.b
27. Cumulative foreign currency translation adjustments__________________________
28. a. Total equity capital (sum of items 23 through 27)________________________ ______ _______ 3210 20,547 28.a
b. Losses deferred pursuant to 12 U.S.C. 1823(j)____________________________ ______ _______ 0306 0 28.b
c. Total equity capital and losses deferred pursuant to 12 U.S.C. 1823(j)
(sum of items 28.a and 28.b)________________________________________________ ______ _______ 3559 20,547 28.c
29. Total liabilities, limited-life preferred stock, equity capital, and losses
deferred pursuant to 12 U.S.C. 1823(j) (sum of items 21, 22, and 28.c)_______ ______ _______ 2257 160,654 29.
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 best describes the most RCON
comprehensive level of auditing work performed for the bank by independent external auditors as ----
of any date during 1996________________________________________________________________________ 6724 N/A M.1
1 = Independent audit of the bank conducted in accordance
with generally accepted auditing standards by certified
public accounting firm which submits a report on the bank
2 = Independent audit of the bank's parent holding company
conducted in accordance with generally accepted auditing
standards by a certified public accounting firm which
submits a report on the consolidated holding company (but
not on the bank separately)
3 = Directors' examination of the bank conducted in accordance
with generally accepted auditing standards by a certified
public accounting firm (may be required by state chartering
authority)
4 = Directors' examination of the bank performed byother
external auditors (may be required bystate chartering
authority)
5 = Review of the bank's financial statements by external
auditors
6 = Compilation of the bank's financial statements by
external auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
(2) Report "term federal funds purchased" in Schedule RC, item 16, "Other borrowed money."
(3) Report securities sold under agreements to repurchase that involve the receipt of immediately available funds and
mature in one business day or roll over under a continuing contract in Schedule RC, item 14.a, "Federal funds
purchased."
