Common use of Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares Clause in Contracts

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that class Beneficially owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such class. Where any Person is deemed to Beneficially own unissued Voting Shares, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned by such Person.

Appears in 9 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (West Fraser Timber Co., LTD), Shareholder Rights Plan Agreement (West Fraser Timber Co., LTD)

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Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned Owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that the particular class Beneficially owned Owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such the particular class. Where any Person is deemed to Beneficially own Own unissued Voting SharesShares of a particular class, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned of the particular class Beneficially Owned by such Person.

Appears in 6 contracts

Samples: Shareholder Rights Plan Agreement (Transalta Corp), Shareholder Rights Plan Agreement (Wi-Lan Inc.), Shareholder Rights Plan Agreement

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned Owned by any Person, shall will be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that the particular class Beneficially owned Owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such the particular class. Where any Person is deemed to Beneficially own Own unissued Voting Shares, Shares such Voting Shares shall will be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned of the particular class Beneficially Owned by such Person.

Appears in 4 contracts

Samples: Shareholder Rights Plan Agreement (Polymet Mining Corp), Shareholder Rights Plan Agreement (Canarc Resource Corp), Shareholder Rights Plan Agreement (Endeavour Silver Corp)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned Owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: where: 100 x A/B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that the particular class Beneficially owned Owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such the particular class. Where any Person is deemed to Beneficially own Own unissued Voting SharesShares of a particular class, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned of the particular class Beneficially Owned by such Person.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned Owned by any Person, shall will be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B A where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that the particular class Beneficially owned Owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such the particular class. Where any Person is deemed to Beneficially own Own unissued Voting Shares, Shares such Voting Shares shall will be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned of the particular class Beneficially Owned by such Person.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Avino Silver & Gold Mines LTD)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that class Beneficially owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such classShares. Where any Person is deemed to Beneficially own unissued Voting Shares, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned by such Person.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

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Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned Owned by any Person, Person shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that the particular class Beneficially owned Owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such the particular class. Where any Person is deemed to Beneficially own Own unissued Voting SharesShares of a particular class, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned of the particular class Beneficially Owned by such Person.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Chieftain International Inc)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x × A/B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that class Beneficially owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such class. Where any Person is deemed to Beneficially own unissued Voting Shares, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned by such Person.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nova Chemicals Corp /New)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For purposes of this Agreement, the percentage of Voting Shares of any class Beneficially owned Owned by any Person, shall will be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/A B where: A = the number of votes for the election of all directors on the Board of Directors generally attaching to the Voting Shares of that the particular class Beneficially owned Owned by such Person; and B = the number of votes for the election of all directors on the Board of Directors generally attaching to all outstanding Voting Shares of such the particular class. Where any Person is deemed to Beneficially own Own unissued Voting Shares, Shares such Voting Shares shall will be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares owned of the particular class Beneficially Owned by such Person.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

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