Unconverted Notes Clause Samples

Unconverted Notes. In these Conditions, an “Unconverted Note” means a Note in respect of which the Conversion Right has not been exercised by the relevant Noteholder, and which has not been duly presented for redemption by the relevant Noteholder, before the date of any such election by the Trustee described in Condition 15(a) (Trustee’s Discretion to Convert Before Redemption - Parity exceeds redemption moneys).