Common use of Deposit of Note Clause in Contracts

Deposit of Note. To exercise the Conversion Right attaching to any Note, the Noteholder must: (i) complete, execute and deposit at the Noteholder’s own expense during normal business hours on any business day during the Conversion Period at the Specified Office of any Paying and Conversion Agent a Conversion Notice (in duplicate); (ii) at the same time deposit the relevant Note at the Specified Office of the same Paying and Conversion Agent; and (iii) pay to the Issuer (or to such person as the Issuer may direct) any applicable Conversion Expenses.