Company: TCMFF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001104659-25-019133
Chunk: 207

Company: TELECOM ARGENTINA SA
Filing Date: 2025-02-28
Form: 20-F
Item: Item 10
Chunk 207
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 the prepayment is made within the process of a securities exchange: (a) the prepayment shall be made as part of an exchange of securities issued by the client, (b) the prepaid amount correspond to the accrued interest on the securities as of the exchange closing date, (c) the average life of such new securities shall be longer than the average life of the securities being exchanged, and (d) the accumulated amount of the principal maturities of the new securities shall not exceed at any time the amount that would have accumulated the principal maturities of the securities being prepaid;
(3)   if the prepayment of principal and interest is made simultaneously with the liquidation of a new financial indebtedness granted by a local financial institution from a foreign line of credit: (a) the prepayment will be made simultaneously with the liquidated proceeds of a new foreign financial indebtedness disbursed as of April 19, 2024; (b) the average life of the new indebtedness will be longer than the average remaining life of the debt security being precanceled; and (c) the aggregate principal maturities of the new indebtedness will at no time exceed the aggregate principal maturities of the debt security being cancelled; and
Access may also be granted when (i) the purchased funds are deposited in the client’s foreign currency accounts in local financial entities, (ii) access takes place within 60 calendar days prior to the applicable time period, (iii) amount purchased daily does not exceed 10% of the total amount to be paid on the scheduled payment date, and (iv) the intervening financial entity has verified that the debt being serviced is in compliance with the FX regulations. The remaining funds that are not used for the payment shall be settled in the FX Market within five business days following the payment date.
Specific provisions for securities transactions
Limitations related to the sale or transfer of securities and other assets.
In order to make payments abroad through the FX Market, the company must, in addition to the requirements applicable in each case, present an affidavit stating that on the day on which it requests access to the market and in the previous 90 calendar days, in the case of securities issued under Argentine or foreign law, directly or indirectly or for the account and order of third parties, has not carried out the transactions mentioned below and that it undertakes not to carry out such transactions as from the moment access is requested and during the following 90 calendar days and 180 calendar days:
(i) sales in the country of