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Exhibit 25
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 ELIGIBLITY OF A TRUSTEE
PURSUANT TO SECTION 305(b)(2)
SUNTRUST BANK
(Exact name of trustee as specified in its charter)
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303 PEACHTREE STREET 30303 58-0466330
SUITE 300 (Zip Code) (I.R.S. enployer indentification no.)
ATLANTA, GEORGIA
(Address of principal executive offices)
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JOHN A. HEBB
SUNTRUST BANK
919 EAST MAIN STREET
10TH FLOOR
RICHMOND, VIRGINIA 23219
(804) 782-5236
(Name, address and telephone number of agent for service)
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MCCORMICK & COMPANY, INCORPORATED
(Exact name of obligor as specified in its charter)
MARYLAND 52-0406290
(State or other jurisdiction of (I.R.S employer identification no.)
incorporation or organization)
18 LOVETON CIRCLE 21152
SPARKS, MARYLAND (Zip Code)
(Address of principal executive offices)
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DEBT SECURITIES
(Title of the indenture securities)
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1. GENERAL INFORMATION.
Furnish the following information as to the trustee -
Name and address of each examining or supervising authority to
which it is subject.
DEPARTMENT OF BANKING AND FINANCE,
STATE OF GEORGIA
ATLANTA, GEORGIA
FEDERAL RESERVE BANK OF ATLANTA
104 MARIETTA STREET, N.W.
ATLANTA, GEORGIA
FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C.
Whether it is authorized to exercise corporate trust powers.
YES.
2. AFFILIATIONS WITH OBLIGOR.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
NONE.
NO RESPONSES ARE INCLUDED FOR ITEMS 3 THROUGH 12. RESPONSES TO THOSE ITEMS ARE
NOT REQUIRED BECAUSE, AS PROVIDED IN GENERAL INSTRUCTION (B) TO ITEM 13, THE
OBLIGOR IS NOT IN DEFAULT ON ANY SECURITIES ISSUED UNDER INDENTURES UNDER
WHICH SUNTRUST BANK IS A TRUSTEE.
13. DEFAULTS BY THE OBLIGOR.
(a) State whether there is or has been a default with respect to
the securities under this indenture. Explain the nature of any
such default.
SUNTRUST BANK IS NOT A TRUSTEE UNDER ANY OTHER INDENTURE UNDER WHICH
SECURITIES OF THE OBLIGOR ARE OUTSTANDING. ACCORDINGLY, THERE IS NOT
AND HAS NOT BEEN ANY SUCH DEFAULT.
(b) If the trustee is a trustee under any other indenture under
which any other securities, or certificates of interest or
participation in any other securities, of the obligor are
outstanding, or is trustee for more than one outstanding
series of securities under the indenture, state whether there
has been a default under any such indenture or series,
identify the indenture or series affected, and explain the
nature of any such default.
THERE HAS NOT BEEN ANY SUCH DEFAULT.
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NO RESPONSES ARE INCLUDED FOR ITEMS 14 AND 15. RESPONSES TO THOSE ITEMS ARE
NOT REQUIRED BECAUSE, AS PROVIDED IN GENERAL INSTRUCTION (B) TO ITEM 13, THE
OBLIGOR IS NOT IN DEFAULT ON ANY SECURITIES ISSUED UNDER INDENTURES UNDER
WHICH SUNTRUST BANK IS A TRUSTEE.
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16. LIST OF EXHIBITS.
List below all exhibits filed as a part of this statement of
eligibility; exhibits identified in parentheses are filed with the
Commission and are incorporated herein by reference as exhibits hereto
pursuant to Rule 7a-29 under the Trust Indenture Act of 1939, as
amended, and Rule 24 of the Commission's Rules of Practice.
(1) A copy of the Articles of Amendment and Restated Articles of
Association of the trustee as now in effect. (Exhibit 1 to
Form T-1, Registration No. 333-32106.)
(2) A copy of the certificate of authority of the trustee to
commence business. (Included in Exhibit 1.)
(3) A copy of the authorization of the trustee to exercise
corporate trust powers. (Included in Exhibit 1.)
(4) A copy of the existing by-laws of the trustee. (Included in
Exhibit 4 to Form T-1, Registration No. 333-32106.)
(5) Not applicable.
(6) The consent of the trustee required by Section 321(b) of the
Trust Indenture Act of 1939.
(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 as of the close of business
on June 30, 2000.
(8) Not applicable.
(9) Not applicable.
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Pursuant to the requirements of the Trust Indenture Act of 1939 the
trustee, SunTrust Bank, a banking corporation organized and existing under the
laws of the State of Georgia, 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 Richmond and the Commonwealth of Virginia,
on the 18th day of September, 2000.
SUNTRUST BANK
By: /s/ John A. Hebb
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John A. Hebb
Vice President
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EXHIBIT 6 TO FORM T-1
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of
1939 in connection with the proposed issuance of Medium Term Notes of
McCormick & Company, Incorporated, SunTrust Bank hereby consents that reports
of examinations by Federal, State, Territorial or District Authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
SUNTRUST BANK
BY: /s/ John A. Hebb
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John A. Hebb
Vice President
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EXHIBIT 7 TO FORM T-1
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SUNTRUST BANK Call Date: 06/30/2000 State #: 130330 FFIEC
031
P.O. BOX 4418 CENTER 632 Vendor ID: D Cert #: 00867 RC-1
ATLANTA, GA 30302 Transit #: 61000104
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR JUNE 30, 2000
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
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DOLLAR AMOUNTS IN THOUSANDS
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCFD
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a. Noninterest-bearing balances and currency and coin (1)................................... 0081 3,558,361 1.a
b. Interest-bearing balances (2)............................................................ 0071 17,246 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 15,075,833 2.b
3. Federal funds sold and securities purchased under agreements to resell...................... 1350 2,546,167 3
4. Loans and lease financing receivables: RCFD
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a. Loans and leases, net of unearned income (from Schedule RC-C)....... 2122 72,659,542 4.a
b. LESS: Allowance for loan and lease losses........................... 3123 855,220 4.b
c. LESS: Allocated transfer risk reserve............................... 3128 0 4.c
d. Loans and leases, net of unearned income, RCFD
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allowance, and reserve (item 4.a minus 4.b and 4.c)...................................... 2125 71,804,322 4.d
5. Trading assets (from Schedule RC-D)......................................................... 3545 143,815 5.
6. Premises and fixed assets (including capitalized leases).................................... 2145 1,281,989 6.
7. Other real estate owned (from Schedule RC-M)................................................ 2150 35,989 7.
8. Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M)........................................................................ 2130 0 8.
9. Customer's liability to this bank on acceptances outstanding................................ 2155 168,835 9.
10. Intangible assets (from Schedule RC-M)..................................................... 2143 581,254 10.
11. Other assets (from Schedule RC-F).......................................................... 2160 1,772,511 11.
12. Total assets (sum of items 1 through 11)................................................... 2170 96,986,322 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
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SUNTRUST BANK Call Date: 06/30/2000 State #: 130330 FFIEC 031
P.O. BOX 4418 CENTER 632 Vendor ID: D Cert #: 00867 RC-2
ATLANTA, GA 30302 Transit #: 61000104
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SCHEDULE RC -- CONTINUED
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Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C RCON
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from Schedule RC-E, part I)...................................... RCON 2200 57,796,821 13.a
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(1) Noninterest-bearing(1)....................................... 6631 11,446,978 13.a.1
(2) Interest-bearing............................................. 6636 46,349,843 13.a.2
b. In foreign offices, Edge and Agreement subsidiaries, and RCFN
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IBFs (from Schedule RC-E, part II)............................... RCFN 2200 11,528,832 13.b
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(1) Noninterest-bearing.......................................... 6631 0 13.b1
(2) Interest-bearing............................................. 6636 11,528,832 RCFD
---- 13.b2
14. Federal funds purchased and securities sold under agreements to
repurchase............................................................................... 2800 11,129,477 14
RCON
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15.a. Demand notes issued to the U.S. Treasury............................................... 2840 1 15.a
RCFD
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b. Trading liabilities (from Schedule RC-D)............................................... 3548 0 15.b
16. Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases):
a. With a remaining maturity of one year or less......................................... 2332 1,277,333 16.a
b. With a remaining maturity of more than one year through three years................... A547 2,509,678 16.b
c. With a remaining maturity of more than three years.................................... A548 1,412,939 16.c
17. Not applicable
18. Bank's liability on acceptances executed and outstanding................................. 2920 168,835 18
19. Subordinated notes and debentures(2)..................................................... 3200 1,068,000 19
20. Other liabilities (from Schedule RC-G)................................................... 2930 2,025,261 20
21. Total liabilities (sum of items 13 through 20)........................................... 2948 88,917,177 21
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus............................................ 3838 0 23
24. Common stock............................................................................. 3230 21,600 24
25. Surplus (exclude all surplus related to preferred stock)................................. 3839 2,545,484 25
26. a. Undivided profits and capital reserves................................................ 3632 4,811,305 26.a
b. Net unrealized holding gains (losses) on available-for-sale securities................ 8434 690,756 26.b
c. Accumulated net gains (losses) on cash flow hedges.................................... 4336 0 26.c
27. Cumulative foreign currency translation adjustments...................................... 3284 0 27
28. Total equity capital (sum of items 23 through 27)........................................ 3210 8,069,145 28
29. Total liabilities and equity capital (sum of items 21 and 28)............................ 3300 96,986,322 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 comprehensive level of auditing work performed for the bank by independent RCFD Number
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external auditors as of any date during 1999.............................................. 6724 N/A M.1
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1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a 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 by other external
auditors (may be required by state 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
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited-life preferred stock and related surplus.
