Unadjusted Basis definition
Unadjusted Basis when used with respect to the aggregate voting rights held by any Member, refers to the determination of such rights without reference to the provisions relating to the adjustment of voting rights contained in Bye-law 52;
Unadjusted Basis when used with respect to the aggregate number of votes attaching to any shares of the Company, refers to the determination of such votes without reference to the provisions relating to adjustment of voting rights contained in Bye-Law 46 of the Bye-Laws of the Company.
Examples of Unadjusted Basis in a sentence
At any general meeting of the Company two or more persons present in person and representing in person or by proxy in excess of 50% (on an Unadjusted Basis) of the total issued and outstanding Common Shares throughout the meeting shall form a quorum for the transaction of business; provided, that if the Company shall at any time have only one Member, one Member present in person or by proxy shall constitute a quorum.