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 (in the place where the Conversion Notice in respect of the Note is deposited) during the Conversion Period at the Specified Office of the Paying and Conversion Agent a Conversion Notice (in duplicate); (ii) in the case of a Conversion Notice relating to Notes evidenced by a Note Certificate, at the same time deposit the relevant Note Certificate 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.