(1) An * equity or loan interest in the target entity is a down interest if a decrease in its * market value is reasonably attributable to the one or more things referred to in paragraph 725 - 145(1)(b), and occurs at or after the time referred to in that paragraph. The time when the decrease happens is called the decrease time for that interest.
(2) An * equity or loan interest in the target entity is an
up interest if subsection 725 - 145(2) or (3) is satisfied for the
interest. The time when the interest is issued at a * discount, or the
increase in * market value happens, is called the increase time for that
interest.