Common use of Basic Purchase Consideration Clause in Contracts

Basic Purchase Consideration. At the Closing, by virtue of the ---------------------------- Merger and without any action on the part of the holders thereof, the outstanding shares of capital stock, consisting of 10,150 shares of Class A common stock, par value $1.00 per share, and zero (0) shares of Class B common stock, par value $1.00 per share, of the Company (collectively, the "COMPANY STOCK") shall be converted into the right to receive: (a) that number of shares of CenterPoint common stock, par value $.01 per share (the "CENTERPOINT COMMON STOCK"), determined in accordance with the formula in Schedule 2.1 (the "STOCK ------------ CONSIDERATION") and (b) the amount of cash in Schedule 2.1 (the "CASH ------------ CONSIDERATION"). The sum of the Cash Consideration and the Stock Consideration is herein referred to as "BASIC PURCHASE CONSIDERATION."

Basic Purchase Consideration. At the Closing, by virtue of ---------------------------- the ---------------------------- Merger and without any action on the part of the holders thereof, the outstanding shares of capital stock, consisting of 10,150 18,830 shares of Class A common stock, par value $1.00 per share, and zero (0) shares of Class B common stock, par value $1.00 0.01 per share, of the Company (collectively, the "COMPANY STOCK") shall be converted into the right to receive: (a) that number of shares of CenterPoint common stock, par value $.01 per share (the "CENTERPOINT COMMON STOCK"), ) determined in accordance with the formula in Schedule 2.1 (the "STOCK ------------ CONSIDERATION") and (b) the amount of cash in Schedule 2.1 (the "CASH ------------ CONSIDERATION"). The sum of the Cash Consideration and the Stock Consideration is herein referred to as "BASIC PURCHASE CONSIDERATION."

Basic Purchase Consideration. At the Closing, by virtue of the ---------------------------- Merger and without any action on the part of the holders holder thereof, the outstanding shares of capital stock, consisting of 10,150 2,900 shares of Class A common stock, no par value $1.00 per share, and zero (0) shares of Class B common stock, par value $1.00 per sharevalue, of the Company (collectively, the "COMPANY STOCK") shall be converted into the right to receive: (a) that number of shares of CenterPoint common stock, par value $.01 per share (the "CENTERPOINT COMMON STOCK"), ) determined in accordance with the formula in Schedule 2.1 (the "STOCK ------------ CONSIDERATION") and (b) the amount of cash ------------ in Schedule 2.1 (the "CASH ------------ CONSIDERATION"). The sum of the Cash Consideration ------------ and the Stock Consideration is herein referred to as "BASIC PURCHASE CONSIDERATION."

Basic Purchase Consideration. At the Closing, by virtue of the ---------------------------- Merger and without any action on the part of the holders holder thereof, the outstanding shares of capital stock, consisting of 10,150 15,000 shares of Class A common stockstock of the Company, no par value $1.00 per share, and zero share (0) shares of Class B common stock, par value $1.00 per share, of the Company (collectively, the "COMPANY STOCK") ), shall be converted into the right to receive: (a) that number of shares of CenterPoint common stock, par value $.01 per share (the "CENTERPOINT COMMON STOCK"), ) determined in accordance with the formula in Schedule 2.1 ------------ (the "STOCK ------------ CONSIDERATION") and (b) the amount of cash in Schedule 2.1 (the ------------ "CASH ------------ CONSIDERATION"). The sum of the Cash Consideration and the Stock Consideration is herein referred to as "BASIC PURCHASE CONSIDERATION."

Basic Purchase Consideration. At the Closing, by virtue of ---------------------------- the ---------------------------- Merger and without any action on the part of the holders thereof, the outstanding shares of capital stock, consisting of 10,150 1,574.2869 shares of Class A common stock, par value $1.00 per share, and zero (0) shares of Class B common stock, par value $1.00 per share, share of the Company (collectively, the "COMPANY STOCK") shall be converted into the right to receive: (a) that number of shares of CenterPoint common stock, par value $.01 per share (the "CENTERPOINT COMMON STOCK"), ) determined in accordance with the formula in Schedule 2.1 (the "STOCK ------------ CONSIDERATION") and (b) the amount of cash in Schedule 2.1 (the "CASH ------------ CONSIDERATION"). The sum of the Cash Consideration and the Stock Consideration is herein referred to as "BASIC PURCHASE CONSIDERATION."