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I. <br />(d) Use of Depository. <br />(1) The Bonds shall be registered initially in the name of "Cede & Co.", as <br />nominee of DTC, with one Bond maturing on each of the maturity dates for the Bonds in a <br />denomination corresponding to the total principal therein designated to mature on such date. <br />Registered ownership of such immobilized Bonds, or any portions thereof, may not thereafter be <br />transferred except (A) to any successor of DTC or its nominee, provided that any such successor <br />shall be qualified under any applicable laws to provide the service proposed to be provided by it; <br />(B) to any substitute depository appointed by the Designated Representative pursuant to <br />subsection (2) below or such substitute depository's successor; or (C) to any person as provided <br />in subsection (4) below. <br />(2) Upon the resignation of DTC or its successor (or any substitute depository <br />or its successor) from its functions as depository or a determination by the Designated <br />Representative to discontinue the system of book entry transfers through DTC or its successor <br />(or any substitute depository or its successor), the Designated Representative may hereafter <br />appoint a substitute depository. Any such substitute depository shall be qualified under any <br />applicable laws to provide the services proposed to be provided by it. <br />(3) In the case of any transfer pursuant to clause (A) or (B) of subsection (1) <br />above, the Registrar shall, upon receipt of all outstanding Bonds, together with a written request <br />of the Designated Representative, issue a single new Bond for each maturity then outstanding, <br />registered in the name of such successor or such substitute depository, or their nominees, as the <br />case may be, all as specified in such written request of the Designated Representative. <br />(4) In the event that (A) DTC or its successor (or substitute depository or its <br />successor) resigns from its functions as depository, and no substitute depository can be obtained, <br />or (B) the Designated Representative determines that it is in the best interest of the beneficial <br />2 g23- PA20287-CMIM20287 WC 01/02113 <br />