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. (a) For purposes of this Agreement, in determining the percentage of outstanding Voting Shares with respect to which a Person is or is deemed to be the Beneficial Owner, all unissued Voting Shares of which such person is deemed to be the Beneficial Owner shall be deemed to be outstanding. (b) For purposes of this Agreement, the percentage of Voting Shares Beneficially Owned by any Person shall be and be deemed to be the product (expressed as a percentage) determined by the formula: where: A = the number of votes for the election of all directors of the Company generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the number of votes for the election of all directors of the Company generally attaching to all outstanding Voting Shares. The percentage of outstanding Voting Shares represented by any particular group of Voting Shares acquired or held by any Person shall be determined in like manner mutatis mutandis.

Appears in 15 contracts

Samples: Shareholder Agreement (Taseko Mines LTD), Shareholder Rights Plan Agreement (Northern Dynasty Minerals LTD), Shareholder Rights Plan Agreement (Northern Dynasty Minerals LTD)

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Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. (a) For purposes of this Agreement, in determining the percentage of outstanding Voting Shares with respect to which a Person is or is deemed to be the Beneficial Owner, all unissued Voting Shares of which such person Person is deemed to be the Beneficial Owner shall be deemed to be outstanding. (b) For purposes of this Agreement, the percentage of Voting Shares 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 of the Company Corporation generally attaching to the Voting Shares Beneficially Owned by such Person; and and B = the number of votes for the election of all directors of the Company Corporation generally attaching to all outstanding Voting Shares. The percentage of outstanding Voting Shares represented by any particular group of Voting Shares acquired or held by any Person shall be determined in like manner mutatis mutandis.

Appears in 6 contracts

Samples: Shareholder Rights Plan Agreement (Bitfarms LTD), Shareholder Rights Plan Agreement (Bitfarms LTD), Shareholder Rights Plan Agreement (Bitfarms LTD)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. (a) For purposes of this Agreement, in determining the percentage of outstanding Voting Shares with respect to which a Person is or is deemed to be the Beneficial Owner, all unissued Voting Shares of which such person is deemed to be the Beneficial Owner shall be deemed to be outstanding. (b) For purposes of this Agreement, the percentage of Voting Shares 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 of the Company Corporation generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the number of votes for the election of all directors of the Company Corporation generally attaching to all outstanding Voting Shares. The percentage of outstanding Voting Shares represented by any particular group of Voting Shares acquired or held by any Person shall be determined in like manner mutatis mutandis.

Appears in 5 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. (a) For purposes of this Agreement, in determining the percentage of outstanding Voting Shares with respect to which a Person is or is deemed to be the Beneficial Owner, all unissued Voting Shares of which such person Person is deemed to be the Beneficial Owner shall be deemed to be outstanding. (b) For purposes of this Agreement, the percentage of Voting Shares 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 of the Company Corporation generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the number of votes for the election of all directors of the Company Corporation generally attaching to all outstanding Voting Shares. The percentage of outstanding Voting Shares represented by any particular group of Voting Shares acquired or held by any Person shall be determined in like manner mutatis mutandis.

Appears in 4 contracts

Samples: Shareholder Rights Plan Agreement (Dirtt Environmental Solutions LTD), Shareholder Rights Plan Agreement (Dirtt Environmental Solutions LTD), Shareholder Rights Agreement

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. (a) For the purposes of this Agreement, in determining the percentage of the outstanding Voting Shares with respect to which a Person is or is deemed to be the Beneficial Owner, all unissued Voting Shares of the Corporation of which such person Person is deemed to be the Beneficial Owner shall be deemed to be outstanding. (b) For purposes of this Agreement, the The percentage of outstanding Voting Shares Beneficially Owned by any Person shall shall, for the purposes of this Agreement, be and be deemed to be the product (expressed as a percentage) determined by the formula: where: : A = the number of votes for the election of all directors of the Company generally attaching to the outstanding Voting Shares Beneficially Owned by such Person; and and B = the number of votes for the election of all directors of the Company generally attaching to all outstanding Voting Shares. The percentage of outstanding Voting Shares represented by any particular group of Voting Shares acquired or held by any Person shall be determined in like manner mutatis mutandis.

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (Richmont Mines Inc), Shareholder Rights Plan Agreement (Mag Silver Corp)

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Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. (a) For the purposes of this Agreement, in determining the percentage of the outstanding Voting Shares with respect to which a Person is or is deemed to be the Beneficial Owner, all unissued Voting Shares of the Corporation of which such person Person is deemed to be the Beneficial Owner shall be deemed to be outstanding. (b) For purposes of this Agreement, the The percentage of outstanding Voting Shares Beneficially Owned by any Person shall shall, for the purposes of this Agreement, be and be deemed to be the product (expressed as a percentage) determined by the formula: where: : A = the number of votes for the election of all directors of the Company generally attaching to the outstanding Voting Shares Beneficially Owned by such Person; and and B = the number of votes for the election of all directors of the Company generally attaching to all outstanding Voting Shares. The percentage of outstanding Voting Shares represented by any particular group of Voting Shares acquired or held by any Person shall be determined in like manner mutatis mutandis.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Mag Silver Corp)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. (a) For the purposes of this Agreement, in determining the percentage of the outstanding Voting Shares with respect to which a Person is or is deemed to be the Beneficial Owner, all unissued Voting Shares of the Corporation of which such person Person is deemed to be the Beneficial Owner shall be deemed to be outstanding. (b) For purposes of this Agreement, the The percentage of outstanding Voting Shares Beneficially Owned by any Person shall shall, for the purposes of this Agreement, 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 of the Company generally attaching to the outstanding Voting Shares Beneficially Owned by such Person; and B = the number of votes for the election of all directors of the Company generally attaching to all outstanding Voting Shares. The percentage of outstanding Voting Shares represented by any particular group of Voting Shares acquired or held by any Person shall be determined in like manner mutatis mutandis.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

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