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: 100x A 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 , such Voting Shares shall be deemed to be outstanding for the purpose of both A and B in the formula above, but no other unissued Voting Shares which may be acquired pursuant to any other outstanding Convertible Securities will, for purposes of calculation under this subsection , be deemed to be outstanding.

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: 100x A 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 1.1(f), such Voting Shares shall be deemed to be outstanding for the purpose of both A and B in the formula above, but no other unissued Voting Shares which may be acquired pursuant to any other outstanding Convertible Securities will, for purposes of calculation under this subsection 1.7, be deemed to be outstanding.

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: 100x A 100 x 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 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 which may be acquired pursuant to subsection Convertible Securities, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares Beneficially Owned by such Person in both A the numerator and B in the formula denominator above, but no other unissued Voting Shares which may be acquired pursuant to any other outstanding Convertible Securities willshall, for the purposes of calculation under this subsection that calculation, be deemed to be outstanding.

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: 100x A 100 x --- 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 and B = the aggregate number of votes for the election of all directors generally attaching to all outstanding Voting Shares. Where For the purposes of the foregoing formula, where any Person is deemed to Beneficially Own unissued Voting Shares which may be acquired pursuant to subsection Convertible Securities, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares Beneficially Owned by such Person in both A the numerator and B in the formula abovedenominator, but no other unissued Voting Shares which may be acquired pursuant to any other outstanding Convertible Securities willshall, for the purposes of calculation under this subsection that calculation, be deemed to be outstanding.