Butterfly Proportion means the quotient (expressed as a decimal) obtained by dividing: (i) the Net Fair Market Value of the Spin-off Distribution Property; by (ii) the Net Fair Market Value of all property owned by the Corporation immediately before the Manager Share Exchange, determined, in each case, immediately before the Spin-off Distribution.
Butterfly Proportion means the fraction A/B where:
Butterfly Proportion means the quotient obtained by dividing: (i) the Net Fair Market Value of the Numberco Shares to be transferred pursuant to the BHC Transfer, determined immediately before the BHC Transfer; by (ii) the Net Fair Market Value of all property owned by BHC immediately before the BHC Transfer, determined immediately before the BHC Transfer;
Examples of Butterfly Proportion in a sentence
To determine Crescita’s share capital amount, Nuvo’s stated capital immediately prior to the Arrangement was split based on the Butterfly Proportion of the Nuvo and Crescita common shares at the effective date of the Arrangement.
The Butterfly Proportion is based on the VWAP of the Crescita common shares and the Post-Arrangement Nuvo common shares during the five-trading days during the period from March 7 to March 11.
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The Butterfly Proportion was determined to be 78.18% for Nuvo and 21.82% for Crescita.
The relative fair market value was determined using the Butterfly Proportion (see Note 8, Share Capital).
More Definitions of Butterfly Proportion
Butterfly Proportion means the fraction A/B where: A is the Net Fair Market Value of the Distribution Property to be transferred by the Corporation to Cenovus as described in Subsection 3.01(1)(n) of the Plan of Arrangement determined immediately before such transfer; and
Butterfly Proportion means an amount to be determined by the Board of Directors as the fraction A/B where:A is the net fair market value of the Spinoff Property to be transferred by Toromont to Spinco determined immediately before the transfer under Section 2.3(i) of this Plan of Arrangement; andB is the net fair market value of all property owned by Toromont immediately before the transfer under Section 2.3(i) of this Plan of Arrangement;
Butterfly Proportion means an amount equal to the fraction (A)/(B) where:
Butterfly Proportion means the fraction A/B where: A is the fair market value of the mining properties forming part of the Transferred Assets determined immediately before the distribution of the Transferred Assets to CIM as described in paragraph 3.1(i) of the Plan of Arrangement and calculated using a consolidated look-through approach; and B is the net fair market value of all of the business property owned by Globex determined immediately before the distribution of the Transferred Assets to CIM as described in paragraph 3.1(i) of the Plan of Arrangement calculated using a consolidated look-through approach;
Butterfly Proportion means the fraction A/B where: A is the fair market value of the mining properties forming part of the Transferred Assets determined immediately before the distribution of the Transferred Assets to CIM as described in paragraph 3.1(i) hereof and calculated using a consolidated look-through approach; and
Butterfly Proportion means the fraction A/B where: A is the net fair market value of the Spin-off Assets to be transferred by Eagle Plains to Taiga, determined immediately before such transfer; and B is the net fair market value of all property owned by Eagle Plains immediately before the transfer of the Spin-off Assets to Taiga;
Butterfly Proportion means the quotient (expressed as a decimal) obtained by dividing: (i) the Net Fair Market Value (within the meaning of the Plan of Arrangement) of the Spin-off Distribution Property; by (ii) the Net Fair Market Value of all property owned by the Corporation immediately before the Manager Share Exchange.