Common use of Date on Which Exercise is Effective Clause in Contracts

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares or other securities, if applicable, represented thereon, and such certificate or entry shall be dated the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share transfer books of TransAlta are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate or entry shall be dated, the next Business Day on which the Common Share transfer books of TransAlta are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Voting Shares, Variable Voting Shares or other securities, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Voting Shares, Variable Voting Shares or other securities, if applicable, represented thereonthereby on, and such certificate or entry shall be dated the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share share transfer books of TransAlta the Corporation are closed, such Person shall be deemed to have become the record holder of such shares securities on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share share transfer books of TransAlta the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, property or assets, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares or other securities, property or assets, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(esubsection 2.2(d) hereof (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share transfer books of TransAlta the Company are closed, such Person shall be deemed to have become the record holder of such shares Common Shares or other securities, property or assets on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share transfer books of TransAlta the Company are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate or confirmation in Book Entry Form for Common Shares or other securities, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares or other securities, if applicable, represented thereonthereby, and such certificate or entry shall be dated the date upon which the Rights Certificate or entry evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share transfer books of TransAlta the Corporation are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share transfer books of TransAlta the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, property or assets, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares or other securities, property or assets, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(esubsection 2.2(d) hereof (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share transfer books of TransAlta the Corporation are closed, such Person shall be deemed to have become the record holder of such shares Common Shares or other securities, property or assets on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share transfer books of TransAlta the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate or confirmation in Book Entry Form for Common Shares Units or other securities, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares Units or other securities, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(esubsection 2.2(d) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share Unit transfer books of TransAlta the Trust are closed, such Person shall be deemed to have become the record holder of record of such shares Units on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share Unit transfer books of TransAlta the Trust are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate or a registration in Book Entry Form for Common Shares New Units or other securities, property or assets, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares New Units or other securities, property or assets, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to ExerciseExercise was duly delivered to the Trust (together with any Rights Certificate evidencing such Rights) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share Unit transfer books of TransAlta the Trust are closed, such Person shall be deemed to have become the record holder of such such- shares on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share Unit transfer books of TransAlta the Trust are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, if applicable, or confirmation securitiesconfirmation in Book Entry form Form, ifas applicable, is issued upon the exercise of Rights shall for all purposes be deemed to have become the absolute holder of record of the Common Shares or other securities, if applicable, represented thereon, and such certificate or entry shall be dated the date upon which the Rights Certificate or other document evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e2.2(db) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share transfer books of TransAlta the Corporation are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share transfer books of TransAlta the Corporation are open.

Date on Which Exercise is Effective. ‌ Each Person in whose name any certificate for Common Shares or other securities, if applicable, or confirmation in Book Entry form Form for New Units or other securities, property or assets, if applicable, is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares New Units or other securities, property or assets, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to ExerciseExercise was duly delivered to the Rights Agent (together with any Rights Certificate evidencing such Rights) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share Units transfer books of TransAlta the REIT are closed, such Person shall be deemed to have become the record holder of such shares New Units on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share Unit transfer books of TransAlta the REIT are open.

Date on Which Exercise is Effective. Each Person in whose name a registration in Book Entry Form or any certificate for Common Shares or other securities, if applicable, is made or confirmation in Book Entry form is issued upon the exercise of Rights shall will for all purposes be deemed to have become the holder of record of the Common Shares or other securities, if applicable, represented thereonby the certificate on, and such the certificate or entry shall will be dated dated, the date upon which the Rights Certificate evidencing such those Rights was duly surrendered in accordance with Subsection 2.2(eSection 2.2(g) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such those Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunderunder this Agreement) was made; provided, however, that if the date of such the surrender and payment is a date upon which the Common Share transfer books of TransAlta the Corporation are closed, such that Person shall will be deemed to have become the record holder of such shares record of those Common Shares on, and such the certificate or entry shall will be dated, the next succeeding Business Day on which the Common Share transfer books of TransAlta the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Subordinate Voting Shares or other securities, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Subordinate Voting Shares or other securities, if applicable, represented thereon, and such certificate or entry shall be dated the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e2.2(d) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Subordinate Voting Share transfer books of TransAlta the Corporation are closed, such Person shall be deemed to have become the record holder of such shares Subordinate Voting Shares on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Subordinate Voting Share transfer books of TransAlta the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate or confirmation in Book Entry Form for Common Shares Units or other securities, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares Units or other securities, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(esubsection Section 2.2(d) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share Unit transfer books of TransAlta the Trust are closed, such Person shall be deemed to have become the record holder of record of such shares Units on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share Unit transfer books of TransAlta the Trust are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, if applicable, or confirmation in Book Entry form is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares or other securities, if applicable, represented thereon, and such certificate or entry shall be dated the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e2.2(d2.2(e) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share transfer books of TransAlta are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share transfer books of TransAlta are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, if applicable, or confirmation in Book Entry form shares is issued (or registration on the stock transfer books is effected) upon the exercise of Rights shall for all purposes be deemed to have become the holder of 18 RIGHTS AGREEMENT BETWEEN PRAXAIR, INC. AND REGISTRAR & TRANSFER COMPANY DATED AS OF JUNE 30, 2002 record of the Common Shares or other securities, if applicable, shares represented thereon, and such certificate or entry shall be dated thereby on the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to Exercise) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; providedPROVIDED, howeverHOWEVER, that if the date of such surrender and payment is a date upon which the Common Share stock transfer books of TransAlta the Company are closed, such Person shall be deemed to have become the record holder of such shares on, and such certificate (or entry registration) shall be dated, the next succeeding Business Day on which the Common Share stock transfer books of TransAlta the Company are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, if applicable, or confirmation in Book Entry form Form for Common Shares is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares Share or other securities, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate Certificates evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to Exercise) or such other Book Entry Rights Exercise Procedures were followed, and payment of the relevant Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; ;` provided, however, that if the date of such surrender and payment is a date upon which the relevant Common Share transfer books of TransAlta the Corporation are closed, such Person shall be deemed to have become the record holder of record of such shares Common Shares on, and such certificate or entry shall be dated, the next succeeding Business Day on which the relevant Common Share transfer books of TransAlta the Corporation are open.

Date on Which Exercise is Effective. Each Person in whose name any certificate for Common Shares or other securities, if applicable, or confirmation in Book Entry form Form for New Units or other securities, property or assets, if applicable, is issued upon the exercise of Rights shall for all purposes be deemed to have become the holder of record of the Common Shares New Units or other securities, property or assets, if applicable, represented thereonthereby on, and such certificate or entry shall be dated dated, the date upon which the Rights Certificate evidencing such Rights was duly surrendered in accordance with Subsection 2.2(e) (together with a duly completed Election to ExerciseExercise was duly delivered to the Rights Agent (together with any Rights Certificate evidencing such Rights) and payment of the Exercise Price for such Rights (and any applicable transfer taxes and other governmental charges payable by the exercising holder hereunder) was made; provided, however, that if the date of such surrender and payment is a date upon which the Common Share Units transfer books of TransAlta the REIT are closed, such Person shall be deemed to have become the record holder of such shares New Units on, and such certificate or entry shall be dated, the next succeeding Business Day on which the Common Share Unit transfer books of TransAlta the REIT are open.