Ontario. The authorized capital stock of Ontario consists of an unlimited number of common shares (the “Ontario Common Shares”). As of the date of this Agreement, 100 Ontario Common Shares were issued and outstanding. Other than the foregoing, there are no other shares of a class or series of capital stock of Ontario authorized or outstanding. All of the issued and outstanding Ontario Common Shares have been duly authorized and validly issued and are fully paid and non-assessable, and are free of preemptive rights. All of the issued and outstanding Ontario Common Shares were issued in compliance with any preemptive rights and any other statutory or contractual rights of any shareholders of the Ontario and in compliance with all applicable securities Laws. Section 5.4(b) of the Seller Disclosure Schedule sets forth a correct, true and complete list of each Person who, as of the close of business on the date hereof, holds an option under any option plan or otherwise or a warrant, indicating with respect to each option and warrant then outstanding, the number of Ontario Common Shares subject to such option or warrant, the grant date and exercise price of such option or warrant, and the vesting schedule and expiration of such option or warrant. The only security issuable upon exercise of outstanding options or warrants is Ontario Common Shares. Except as set forth in Section 5.4(b) of the Seller Disclosure Schedule, there are not as of the date hereof, and there will not be, any subscriptions, outstanding or authorized options, warrants, convertible securities, calls, rights (including preemptive rights), commitments or any other agreements of any character to which Ontario is a party, or by which it may be bound, requiring it to issue, transfer, sell, purchase, redeem or acquire any shares of their respective capital shares or any securities or rights convertible into, exercisable or exchangeable for, or evidencing the right to subscribe for, any shares of capital stock, or requiring them to give any Person the right to receive any benefit or rights similar to any rights enjoyed by or accruing to the holders of shares of capital stock or any rights to participate in the equity or net income of Ontario. There are no shareholder agreements, voting trusts or other agreements or understandings to which Ontario is a party or by which it is bound or between or among its shareholders, with respect to the transfer or voting of any capital stock of Ontario.
Ontario a) Any GTF funding that Canada may make available for the benefit of Unincorporated Areas will be transferred to Ontario. Ontario will then transfer the GTF funding via Ontario’s Consolidated Revenue Fund Special Purposes Account for Unincorporated Roads for investment in Eligible Projects of Local Roads Boards.
Ontario. Without limiting the choice of law provision set forth in Article 26, the following provisions shall apply to the extent that the laws of the Province of Ontario govern the interpretation or enforcement of this Lease with respect to any Demised Property located in the Province of Ontario, as determined by a court of competent jurisdiction:
Ontario. -‐ The penalty referred to in Article 43.5 above shall be equal to one-‐half (1/2) the employee's basic hourly rate for the duration of the displacement, calculated: