Global Registered Notes. (i) Unless otherwise provided pursuant to Section 2.4., a Global Registered Note shall not be exchanged in whole or in part for a Note registered in the name of any person other than DTC or one or more nominees thereof; provided that a Global Registered Note may be exchanged in whole and not in part for Notes of the same Series registered in the names of any person designated by DTC in the event that (x) such Depositary has notified the Issuer or the Trustee that it is unwilling or unable to continue as Depositary for such Global Registered Note or such Depositary has ceased to be a "clearing agency" registered under the Exchange Act at a time when it is required to be, and a successor depositary is not appointed by the Issuer within 90 days after receiving such notice or becoming aware that the Depositary is no longer so registered or (y) the Issuer, at its option, elects to terminate the book-entry system through the Depositary, with respect to Registered Notes in global form or (z) an Event of Default (as defined in such Note) with respect to such Note, shall have occurred and be continuing and Agent Members owning more than 25% of the aggregate principal amount of the Notes represented by such Global Registered Note shall have advised the Trustee through the Depositary in writing that the continuation of a book-entry system through such Depositary (or a successor thereof) with respect to such Global Registered Note is no longer required. The Trustee shall immediately notify the Issuer of such event. Unless registered in the name of a Person other than the applicable Depositary or its nominee, any Note issued in exchange for a Global Registered Note shall be a Global Registered Note.
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Sources: Indenture (Metrogas Inc)
Global Registered Notes. (i) Unless Except as provided in Section 2.10 or as may be otherwise provided pursuant to Section 2.4.2.5, a Global Registered Note shall not be exchanged in whole or in part for a Note registered in the name of any person other than DTC or one or more nominees thereofindividual Certificated Notes; provided that a Global Registered Note Notes may be exchanged in whole and but not in part for Certificated Notes of the same Series registered in the names of any person designated by DTC in the event that (x) such Depositary has notified the Issuer Company or the Trustee that it is unwilling or unable to continue as Depositary for such Global Registered Note or such Depositary has ceased to be a "βclearing agency" β registered under the Exchange Act at a time when it is required to be, and a successor depositary is not appointed by the Issuer Company within 90 days after receiving such notice or becoming aware that the Depositary is no longer so registered or (y) the IssuerCompany, at its option, elects to terminate the book-entry system through the Depositary, Depositary with respect to Registered Notes in global form or (z) an Event of Default (as defined in such Note) with respect to such Note, shall have occurred and be continuing and Agent Members owning more than 25% of the aggregate principal amount of the Notes represented by such Global Registered Note shall have advised the Trustee through the Depositary in writing that the continuation of a book-entry system through such Depositary (or a successor thereof) with respect to such Global Registered Note is no longer requiredcontinuing. The Trustee shall immediately notify the Issuer Company of such event. Unless registered .
(ii) Within 150 days from the occurrence of the event described in (x) above, within 60 days of the name occurrence of a Person other than the applicable Depositary or its nomineeevent described in (y) above, any Note and within 60 days of the notice by the Trustee to the Company of the event described in (z) above, Notes issued in exchange for a Global Registered Note shall be a issued by the Company in certificated, fully registered form, without interest coupons, shall have an aggregate principal amount equal to that of such Global Registered NoteNote to be so exchanged, shall be registered in such names and be in such authorized denominations as the Depositary shall designate and shall bear the Legends borne by such Global Registered Note unless such Legends have been removed in accordance with the provisions of Section 2.10(d). Any Global Registered Note to be so exchanged shall be surrendered for exchange by the Depositary therefor to the office maintained by the Company for such purpose located in the Borough of Manhattan, The City of New York, which initially shall be the Corporate Trust Office of the Trustee. Upon any such surrender, the Trustee shall authenticate and deliver the Notes issuable on such exchange to or upon the order of the Depositary therefor or an authorized representative thereof.
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