Common use of Rights Certificate Holder Not Deemed a Shareholder Clause in Contracts

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Share or any other share or security of TransAlta which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Shares or any other shares or securities of TransAlta or any right to vote at any meeting of shareholders of TransAlta whether for the election of directors or otherwise or upon any matter submitted to holders of Common Shares or any other shares of TransAlta at any meeting thereof, or to give or withhold consent to any action of TransAlta, or to receive notice of any meeting or other action affecting any holder of Common Shares or any other shares of TransAlta except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Share or any other share or security of TransAlta which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Shares or any other shares or securities of TransAlta or any right to vote at any meeting of shareholders of TransAlta whether for the election of directors or otherwise or upon any matter submitted to holders of Common Shares or any other shares or securities of TransAlta at any meeting thereof, or to give or withhold consent to any action of TransAlta, or to receive notice of any meeting or other action affecting any holder of Common Shares or any other shares or securities of TransAlta except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Voting Share or any other share or security of TransAlta the Corporation which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Voting Shares or any other shares or securities of TransAlta the Corporation or any right to vote at any meeting of shareholders of TransAlta the Corporation whether for the election of directors or otherwise or upon any matter submitted to the holders of Common Voting Shares or any other shares of TransAlta the Corporation at any meeting thereof, or to give or withhold consent to any action of TransAltathe Corporation, or to receive notice of any meeting or other action affecting any holder of Common Voting Shares or any other shares of TransAlta the Corporation except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right Rights or Rights evidenced by the Rights Certificates shall have been duly exercised in accordance with the terms and the provisions hereof.

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Share or any other share or security of TransAlta AnorMED which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Shares or any other shares or securities of TransAlta AnorMED or any right to vote at any meeting of shareholders of TransAlta AnorMED whether for the election of directors or otherwise or upon any matter submitted to holders of Common Shares or any other shares of TransAlta AnorMED at any meeting thereof, or to give or withhold consent to any action of TransAltaAnorMED, or to receive notice of any meeting or other action affecting any holder of Common Shares or any other shares of TransAlta AnorMED except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right or Rights evidenced by Rights Certificates shall have been duly exercised in accordance with the terms and provisions hereof.

Rights Certificate Holder Not Deemed a Shareholder. No holder, as such, of any Rights or Rights Certificate shall be entitled to vote, receive dividends or be deemed for any purpose whatsoever the holder of any Common Voting Share or any other share or security of TransAlta the Corporation which may at any time be issuable on the exercise of the Rights represented thereby, nor shall anything contained herein or in any Rights Certificate be construed or deemed or confer upon the holder of any Right or Rights Certificate, as such, any right, title, benefit or privilege of a holder of Common Voting Shares or any other shares or securities of TransAlta the Corporation or any right to vote at any meeting of shareholders of TransAlta the Corporation whether for the election of directors or otherwise or upon any matter submitted to the holders of Common Voting Shares or any other shares of TransAlta the Corporation at any meeting thereof, or to give or withhold consent to any action of TransAltathe Corporation, or to receive notice of any meeting or other action affecting any holder of Common Voting Shares or any other shares of TransAlta the Corporation except as expressly provided herein, or to receive dividends, distributions or subscription rights, or otherwise, until the Right Rights or Rights evidenced by the Rights Certificates shall have been duly exercised in accordance with the terms and the provisions hereof. 3.1 Flip-in Event: