Common use of PURCHASED PARENT SHARES Clause in Contracts

PURCHASED PARENT SHARES. 50% of the after-tax proceeds payable to the Executive upon the Closing pursuant to each of clauses (B) and (C) of Section 2.1(c)(i) shall be applied to purchase shares of common stock of the Parent ("COMMON PARENT SHARES") and Series A 9.75 percent preferred stock of the Parent ("PREFERRED PARENT SHARES") at the same price per share and in the same proportion that the Investors (as defined in Section 2.1(c)(iii)(C)) purchase such shares (such purchased Common Parent Shares and Preferred Parent Shares, "PURCHASED PARENT SHARES").

PURCHASED PARENT SHARES. 5064.02716% of the after-tax proceeds payable to the Executive upon the Closing pursuant to each of clauses (B) and (C) of Section 2.1(c)(i) shall be applied to purchase shares of common stock of the Parent ("COMMON PARENT SHARES") and Series A 9.75 percent preferred stock of the Parent ("PREFERRED PARENT SHARES") at the same price per share and in the same proportion that the Investors (as defined in Section 2.1(c)(iii)(C)) purchase such shares (such purchased Common Parent Shares and Preferred Parent Shares, "PURCHASED Shares,"PURCHASED PARENT SHARES").

PURCHASED PARENT SHARES. 50100% of the after-tax proceeds payable to the Executive upon the Closing pursuant to the second sentence of each of clauses (B) and (C) of Section 2.1(c)(i) shall be applied to purchase shares of common stock of the Parent ("COMMON PARENT SHARES") and Series A 9.75 percent preferred stock of the Parent ("PREFERRED PARENT SHARES") at the same price per share and in the same proportion that the Investors (as defined in Section 2.1(c)(iii)(C)) purchase such shares (such purchased Common Parent Shares and Preferred Parent Shares, "PURCHASED PARENT SHARES").