Conversion Process. If the Holder decides to exercise the conversion rights hereunder, the Holder shall send a written conversion request notice to the Company during the applicable notice period pursuant to Section 4(b) hereof. The Company shall take all necessary and appropriate actions as promptly as possible to convert the applicable portion of the outstanding Principal Amount owing under this Note into the Conversion Shares. Upon such conversion, the Holder shall surrender this Note to the Company.
Appears in 6 contracts
Sources: Convertible Note Purchase Agreement (GIGAMEDIA LTD), Convertible Note Purchase Agreement (GIGAMEDIA LTD), Convertible Note Purchase Agreement (GIGAMEDIA LTD)