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. For the purposes of this agreement, (a) in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially Own, all unissued Voting Shares of the Company that the Person is deemed to Beneficially Own will be deemed to be outstanding; and (b) the percentage of Voting Shares Beneficially Owned by a Person will 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 generally attaching to the Voting Shares Beneficially Owned by the Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.

Appears in 3 contracts

Samples: Shareholder Rights Plan Agreement, Shareholder Rights Plan Agreement (Candente Resource Corp), Shareholder Rights Plan Agreement (Orko Silver Corp)

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Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement,Agreement: (a) in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially OwnOwned by any Person, all unissued Voting Shares of the Company that the as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) the percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/B where A where: A = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.

Appears in 2 contracts

Samples: Shareholder Rights Protection Plan Agreement (Challenger Energy Corp), Shareholder Protection Rights Plan Agreement (Transglobe Energy Corp)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement,Agreement: (a) in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially OwnOwned by any Person, all unissued Voting Shares of the Company that the as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) the percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/A B where where: A = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement (Transglobe Energy Corp)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement, (a) Agreement, in determining the percentage of the outstanding Voting Shares of the Company that Corporation with respect to which a Person is or is deemed to Beneficially Ownbe the Beneficial owner, all unissued Voting Shares of the Company that the Corporation as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) the . The percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall, for the purposes of this Agreement, be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x X A/B where where: A = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.and

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Kingsway Financial Services Inc)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. (i) For the purposes of this agreement, (a) , in determining the percentage of the outstanding Voting Shares of the Corporation 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 is deemed to be the Beneficial Owner will be deemed to be outstanding. (ii) The percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially Own, all unissued Voting Shares of the Company that the Person is deemed to Beneficially Own will be deemed to be outstanding; and (b) the percentage of Voting Shares Corporation Beneficially Owned by a Person any Person, for the purposes of this agreement, will be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/A B where where: A = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement,Agreement: (a) in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially OwnOwned by any Person, all unissued Voting Shares of the Company that the as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) the percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/B where A where: A = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement (Greenfire Resources Ltd.)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement,Agreement: (a) a. in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially OwnOwned by any Person, all unissued Voting Shares of the Company that the as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) b. the percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/A - B where A where: A. = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B and B. = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.

Appears in 1 contract

Samples: Shareholders Rights Plan Agreement (Centurion Energy Internatonal Inc)

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Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement,Agreement: (a) in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially OwnOwned by any Person, all unissued Voting Shares of the Company that the as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) the percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/B where A = where: A= the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B = and B= the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement (Bakbone Software Inc)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement,Agreement: (a) in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially OwnOwned by any Person, all unissued Voting Shares of the Company that the as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) the percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/B where where: A = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.and

Appears in 1 contract

Samples: Shareholder Protection Rights Plan Agreement (Transglobe Energy Corp)

Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares. For the purposes of this agreement,Agreement: (a) in determining the percentage of outstanding Voting Shares of the Company that a Person is deemed to Beneficially OwnOwned by any Person, all unissued Voting Shares of the Company that the as to which such Person is deemed to Beneficially Own will the Beneficial Owner shall be deemed to be outstanding; and (b) the percentage of outstanding Voting Shares Beneficially Owned by a any Person will shall be and be deemed to be the product (expressed as a percentage) determined by the formula formula: 100 x A/B where A where: A = the number of votes for the election of all directors generally attaching to the outstanding Voting Shares Beneficially Owned by the such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares.and

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Passport Potash Inc)

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