Common use of Rights Certificate Holder Not Deemed a Shareholder Clause in Contracts

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Share or any other share or security of Xxxx Xxxxxx which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Shares or any other shares or securities of Xxxx Xxxxxx or any right to vote at any meeting of shareholders of Xxxx Xxxxxx whether for the election of directors or otherwise or upon any matter submitted to holders of Common Shares or any other shares of Xxxx Xxxxxx at any meeting thereof, or to give or withhold consent to any action of Xxxx Xxxxxx, or to receive notice of any meeting or other action affecting any holder of Common Shares or any other shares of Xxxx Xxxxxx except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the a holder of any Common Share Voting Shares or Variable Voting Shares or any other share or security of Xxxx Xxxxxx the Corporation which may at any time be issuable issued on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right Rights or Rights Certificate, as such, any rightof the rights, titletitles, benefit benefits or privilege privileges of a holder of Common Voting Shares or Variable Voting Shares or any other shares or securities of Xxxx Xxxxxx the Corporation or any right to vote at any meeting of shareholders of Xxxx Xxxxxx Shareholders whether for the election of directors the Board of Directors or otherwise or upon any matter submitted to holders of Common Shares or any other shares of Xxxx Xxxxxx Shareholders at any meeting thereof, or to give or withhold consent to any corporate action of Xxxx Xxxxxxthe Corporation, or to receive notice of any meeting or other action affecting any holder of Common Voting Shares or Variable Voting Shares or any other shares or securities of Xxxx Xxxxxx the Corporation except as expressly provided herein, or to receive dividendsnotice of any meeting or other action affecting any holder of Voting Shares or Variable Voting Shares or any other shares or securities of the Corporation except as expressly provided herein, or to receive distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends distributions or be deemed for any purpose whatsoever the holder of any Common Subordinate Voting Share or any other share or security of Xxxx Xxxxxx the Corporation which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Subordinate Voting Shares or any other shares or securities of Xxxx Xxxxxx the Corporation or any right to vote at any meeting of shareholders Shareholders of Xxxx Xxxxxx the Corporation whether for the election of directors or otherwise or upon any matter submitted to holders of Common Subordinate Voting Shares or any other shares of Xxxx Xxxxxx the Corporation at any meeting thereof, or to give or withhold consent to any action of Xxxx Xxxxxxthe Corporation, or to receive notice of any meeting or other action affecting any holder of Common Subordinate Voting Shares or any other shares securities of Xxxx Xxxxxx the Corporation except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Class A Share or any other share or security of Xxxx Xxxxxx the Corporation which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Class A Shares or any other shares or securities of Xxxx Xxxxxx the Corporation or any right to vote at any meeting of shareholders of Xxxx Xxxxxx the Corporation whether for the election of directors or otherwise or upon any matter submitted to holders of Common Class A Shares or any other shares of Xxxx Xxxxxx the Corporation at any meeting thereof, or to give or withhold consent to any action of Xxxx Xxxxxxthe Corporation, or to receive notice of any meeting or other action affecting any holder of Common Class A Shares or any other shares of Xxxx Xxxxxx the Corporation except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.. Approved by the Independent Shareholders on March 22, 2006 Page 22 and amended by the Board of Directors on December 18, 2008 New expiry date: June 30, 2009

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Share or any other share or security of Xxxx Xxxxxx TransAlta which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Shares or any other shares or securities of Xxxx Xxxxxx TransAlta or any right to vote at any meeting of shareholders of Xxxx Xxxxxx TransAlta whether for the election of directors or otherwise or upon any matter submitted to holders of Common Shares or any other shares or securities of Xxxx Xxxxxx TransAlta at any meeting thereof, or to give or withhold consent to any action of Xxxx XxxxxxTransAlta, or to receive notice of any meeting or other action affecting any holder of Common Shares or any other shares or securities of Xxxx Xxxxxx TransAlta except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.. Article 3