Common use of Reconfirmation and Approval Clause in Contracts

Reconfirmation and Approval. This Agreement must be reconfirmed by a resolution passed by a majority of the votes cast by Independent Shareholders who vote in respect of such resolution at the annual meeting of TransAlta to be held in 2022 and at every third annual meeting of TransAlta thereafter (each such annual meeting being a “Reconfirmation Meeting”). If the Agreement is not so reconfirmed or is not presented for reconfirmation at any such Reconfirmation Meeting, this Agreement and all outstanding Rights shall terminate and be void and of no further force and effect on and from the close of business on the date of the applicable Reconfirmation Meeting; provided, that termination shall not occur if a Flip-in Event has occurred (other than a Flip-in Event which has been waived pursuant to Subsection 5.1(a), 5.1(h) or 5.1(i) hereof), prior to the date upon which this Agreement would otherwise terminate pursuant to this Section 5.16.

Reconfirmation and Approval. This Agreement must be reconfirmed by a resolution passed by a majority of the votes cast by Independent Shareholders who vote in respect of such resolution at the annual meeting of TransAlta to be held in 2022 2025 and at every third annual meeting of TransAlta thereafter (each such annual meeting being a “Reconfirmation Meeting”). If the Agreement is not so reconfirmed or is not presented for reconfirmation at any such Reconfirmation Meeting, this Agreement and all outstanding Rights shall terminate and be void and of no further force and effect on and from the close of business on the date of the applicable Reconfirmation Meeting; provided, that termination shall not occur if a Flip-in Event has occurred (other than a Flip-in Event which has been waived pursuant to Subsection 5.1(a), 5.1(h) or 5.1(i) hereof), prior to the date upon which this Agreement would otherwise terminate pursuant to this Section 5.16.

Reconfirmation and Approval. This Agreement must be reconfirmed by a resolution passed by a majority of the votes cast by Independent Shareholders who vote in respect of such resolution at the annual meeting of TransAlta to be held in 2022 20225 and at every third annual meeting of TransAlta thereafter (each such annual meeting being a “Reconfirmation Meeting”). If the Agreement is not so reconfirmed or is not presented for reconfirmation at any such Reconfirmation Meeting, this Agreement and all outstanding Rights shall terminate and be void and of no further force and effect on and from the close of business on the date of the applicable Reconfirmation Meeting; provided, that termination shall not occur if a Flip-in Event has occurred (other than a Flip-in Event which has been waived pursuant to Subsection 5.1(a), 5.1(h) or 5.1(i) hereof), prior to the date upon which this Agreement would otherwise terminate pursuant to this Section 5.16.

Reconfirmation and Approval. This Agreement must be reconfirmed by a resolution passed by at least a majority of the votes cast by Independent Shareholders who vote vote, in person or by proxy, in respect of such resolution reconfirmation at the Corporation’s annual meeting of TransAlta to be held shareholders in 2022 2027 and at every third annual meeting of TransAlta shareholders of the Corporation thereafter (each such annual meeting being a “Reconfirmation Meeting”). If the Agreement is not so reconfirmed or is not presented for reconfirmation at any each such Reconfirmation Meeting, this the Agreement and all outstanding Rights shall terminate and be void and of no further force and effect on and from the close of business on the date of the applicable termination of any such Reconfirmation Meeting; provided, provided that termination shall not occur if a Flip-in Event has occurred (other than a Flip-in Event which has been waived pursuant to Subsection 5.1(a), 5.1(h) or 5.1(i) Section 5.2 hereof), prior to the date upon which this Agreement would otherwise terminate pursuant to this Section 5.16.