Common use of Determination of Percentage Ownership Clause in Contracts

Determination of Percentage Ownership. The percentage of Voting Shares Beneficially Owned by any Person, shall, for the purposes of this Agreement, be and be deemed to be the product determined by the formula: 100 x A --- B where: A = the aggregate number of votes for the election of all directors generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the aggregate number of votes for the election of all directors generally attaching to all outstanding Voting Shares. Where any person is deemed to Beneficially Own unissued Voting Shares pursuant to Subsection l.l(d), such Voting Shares shall be deemed to be outstanding for the purpose of both A and B in the formula above.

Appears in 2 contracts

Samples: Shareholder Rights Plan Agreement (Gsi Lumonics Inc), Shareholder Rights Plan Agreement (Gsi Lumonics Inc)

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Determination of Percentage Ownership. The percentage of Voting Shares Beneficially Owned by any Person, shall, for the purposes of this Agreement, be and be deemed to be the product determined by the formula: 100 x A --- - B where: A = the aggregate number of votes for the election of all directors generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the aggregate number of votes for the election of all directors generally attaching to all outstanding Voting Shares. Where any person is deemed to Beneficially Own unissued Voting Shares pursuant to Subsection l.l(d1.1(g), such Voting Shares shall be deemed to be outstanding for the purpose of both A and B in the formula above.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Nortel Networks Corp)

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Determination of Percentage Ownership. The percentage of Voting Shares Beneficially Owned by any Person, shall, for the purposes of this Agreement, be and be deemed to be the product determined by the formula: 100 x A --- B where: A = the aggregate number of votes for the election of all directors generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the aggregate number of votes for the election of all directors generally attaching to all outstanding Voting Shares. Where any person Person is deemed to Beneficially Own unissued Voting Shares pursuant to Subsection l.l(d1.1(d), such Voting Shares shall be deemed to be outstanding for the purpose of both A and B in the formula above.

Appears in 1 contract

Samples: Shareholder Rights Plan Agreement (Cognicase Inc)

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