BBU Unit Value definition

BBU Unit Value means, with respect to a BBU Unit on a particular date, the market price of a BBU Unit on such date or, if such date is not a Trading Day, the most recent Trading Day. The market price for each such Trading Day shall be: (i) if the BBU Units are listed on a U.S. National Securities Exchange, the closing price per BBU Unit (or, if no closing price is reported, the average of the last quoted bid and ask prices or, if more than one in either case, the average of the average bid and average ask prices) on such day for such U.S. National Securities Exchange; (ii) if the BBU Units are not listed on a U.S. National Securities Exchange but are listed on the TSX, the U.S. dollar equivalent (calculated using the rate published by the Bank of Canada as of 4:30 p.m., Eastern Time, on such date) of the closing price per BBU Unit (or, if no closing price is reported, the average of the last quoted bid and ask prices or, if more than one in either case, the average of the average bid and average ask prices) on such day for the TSX; (iii) if the BBU Units are not listed or admitted to trading on any U.S. National Securities Exchange or the TSX, the last quoted bid price on such day in the over-the-counter market on such day as reported by OTC Markets Group Inc. or a similar organization; (iv) if the BBU Units are not listed or admitted to trading on any U.S. National Securities Exchange or the TSX and the BBU Units are not quoted in the over-the-counter market, the average of the mid-point of the last quoted bid and ask prices on such day from each of at least three nationally recognized independent investment banking firms selected by the Company for such purpose or (v) if none of the conditions set forth in clauses (i), (ii), (iii) or (iv) is met, then the amount that a holder of one BBU Unit would receive if each of the assets of BBU were sold for its fair market value on such date, BBU were to pay all of its outstanding liabilities and the remaining proceeds were to be distributed to its partners in accordance with the terms of its partnership agreement;
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BBU Unit Value shall have the meaning as provided in the Company’s Articles.
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BBU Unit Value means, with respect to a BBU Unit on a particular date, the market price of a BBU Unit on such date or, if such date is not a Trading Day, the most recent Trading Day. The market price for each such Trading Day shall be: (i) if the BBU Units are listed on a U.S. National Securities Exchange, the closing price per BBU Unit (or, if no closing price is reported, the average of the last quoted bid and ask prices or, if more than one in either case, the average of the average bid and average ask prices) on such day for such U.S. National Securities Exchange; (ii) if the BBU Units are not listed on a
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Examples of BBU Unit Value in a sentence

  • In lieu of any fractional BBU Units to which the Tendering Class A Shareholder would otherwise be entitled, the Company shall pay a cash amount equal to the BBU Unit Value on the Trading Day immediately preceding the Exchange Date multiplied by such fraction of a BBU Unit.

  • BAM shall keep the Rights Agent informed of the Collateral Account Balance and the Required Collateral Account Balance in writing on a regular basis, and shall inform the Rights Agent in writing within two Business Days of any change in the Collateral Account Balance or the Required Collateral Account Balance for any reason, including as a result of an adjustment to the Conversion Factor or an increase in the BBU Unit Value.

  • BN shall keep the Rights Agent informed of the Collateral Account Balance and the Required Collateral Account Balance in writing on a regular basis, and shall inform the Rights Agent in writing within two Business Days of any change in the Collateral Account Balance or the Required Collateral Account Balance for any reason, including as a result of an adjustment to the Conversion Factor or an increase in the BBU Unit Value.

Related to BBU Unit Value

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • ACCUMULATION UNIT VALUE The value of an Accumulation Unit for a Subaccount of Variable Annuity Account C. Each Subaccount of Variable Annuity Account C has its own Accumulation Unit Value, which may increase or decrease daily based on the investment performance of the applicable underlying Fund in which it invests. Beneficiary (or Beneficiaries): The person designated to receive the death benefit payable under the Contract.

  • Common Unit Price has the meaning specified in Section 2.1(b).

  • Target Value shall have the meaning stated in Section 7.2 of Schedule D to this Agreement.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).