Basic Entitlement definition

Basic Entitlement means the number of shares so offered to an offeree and does not include any shares for which he makes an excess application, that is, an application for shares so offered to other shareholders but not taken up by them.

Basic Entitlement of a Producer means that percentage that such Producer’s Aggregate Productive Capacity bears to the total Aggregate Productive Capacities of all Producers multiplied by the total forecast sales of Potash, on a Grade Pool-by- Grade Pool basis, by Canpotex for each Fiscal Year pursuant to an approved Operating Plan and Budget, subject to adjustment in accordance with this Agreement;

Basic Entitlement means the pro rata entitlement for Qualifying Shareholders to subscribe for Open Offer Shares, pursuant to the Open Offer as described in Part 3 of this document

Examples of Basic Entitlement in a sentence

• Any fractional entitlements to Open Offer Shares will be disregarded in calculating Qualifying Shareholders’ Basic Entitlement and will be aggregated and made available under the Excess Application Facility.

• Box 8 shows how much they would need to pay if they wish to take up their Basic Entitlement in full.

• Subject to availability, and assuming that Qualifying CREST Shareholders have accepted their Basic Entitlement in full, Qualifying CREST Shareholders may apply to acquire Excess Shares using the Excess Application Facility, should they wish.

• Basic EntitlementOn, and subject to the terms and conditions of the Open Offer, the Company invites Qualifying Shareholders to apply for their Basic Entitlement of Open Offer Shares at the Issue Price.

• The Excess Application Facility enables Qualifying Shareholders to apply for Excess Shares in excess of their Basic Entitlement as at the Record Date.

More Definitions of Basic Entitlement

Basic Entitlement means the number of shares so offered to an offeree and does not include any shares for which he makes an excess application, that is, an application for shares so offered to other shareholders but not taken up by them. If a person (hereinafter in this paragraph (T) called “the said person”) becomes interested in 15 per cent. or more of the issued shares of any class of the Company solely because on a rights issue a holder of shares in the Company (whether he is the said person or not) accepts up to his basic entitlement of the shares comprised in such issue and the said person does not thereafter become interested in any further shares of that class (except solely because of the same occurring on a further rights issue), a Required Disposal shall not be required, the Voting Restrictions shall apply only to shares in excess of such 15 per cent. and any Restriction Notice given to him shall be modified accordingly.

Basic Entitlement means an entitlement to apply for New Ordinary Shares, calculated

Basic Entitlement means the entitlement of each Qualifying Shareholder totender up to 10% of the Ordinary Shares registered in such Shareholder's name on the Tender Offer Record Date, rounded down to the nearest whole number;

Basic Entitlement means, with respect to each Eligible Shareholder, 15 per cent. of

Basic Entitlement means the amount to which a person is entitled under regulation 11, ignoring the effect of any provision of Part V;

Basic Entitlement means the entitlement of each Eligible Shareholder to tender up

Basic Entitlement means the entitlement of each Shareholder to tender up to twenty