Arizona Certificate of designation, preferences and rights of Series A junior cumulative preference stock of Oryx Energy Company

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• Control #: US-CC-3-132
• Format: Word; Rich Text

Description

This sample form, a detailed Certificate of Designation, Preferences and Rights of Series a Junior Cumulative Preference Stock document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Arizona Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company is a legal document that outlines the specific terms, preferences, and rights associated with the Series A junior cumulative preference stock issued by Onyx Energy Company in the state of Arizona. This designation allows the company to issue this specific class of preferred shares with certain unique characteristics and benefits. The Series A junior cumulative preference stock serves as a preferred equity investment option for investors, offering them distinct advantages in terms of dividends, liquidation preferences, voting rights, and other entitlements. It is important to note that this designation specifically applies to the stock issued by Onyx Energy Company. Some key features and rights granted to the holders of Series A junior cumulative preference stock under this designation include: 1. Dividends: Holders of Series A junior cumulative preference stock are entitled to receive dividends before any dividends are paid to holders of common stock. These dividends are typically fixed, and if not paid in any given period, they accumulate as arbitrages. 2. Cumulative Dividends: In the event that dividends cannot be paid in a particular period, they accrue as cumulative dividends and must be paid before any dividends can be distributed to common stockholders in the future. This ensures that preferred stockholders receive their entitled dividends. 3. Liquidation Preference: In the event of a liquidation, dissolution, or winding up of the company, preferred stockholders are entitled to receive a specific liquidation preference. This means that they will have priority over common stockholders when it comes to the distribution of company assets. 4. Voting Rights: While preferred stockholders generally do not have voting rights, the Certificate of Designation may grant certain limited voting rights to the holders of Series A junior cumulative preference stock. This could include voting on specific matters or the election of directors. 5. Conversion Rights: Depending on the specific terms outlined in the Certificate of Designation, holders of Series A junior cumulative preference stock may have the option to convert their preferred shares into common shares of Onyx Energy Company, typically at a predetermined conversion ratio. This allows them to participate in the potential future growth of the company. It is important to note that there may be different types or series of preferred stock issued by Onyx Energy Company, each with their own specific Certificate of Designation, Preferences, and Rights. Different series may have distinct terms and preferences, such as Series B, Series C, or Series D junior cumulative preference stock. These additional series may have unique characteristics and rights, which would be specified in their respective Certificate of Designation. Overall, the Arizona Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company outlines the specific terms and benefits associated with this particular class of preferred stock, providing investors with a clear understanding of their rights and entitlements.

The Arizona Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company is a legal document that outlines the specific terms, preferences, and rights associated with the Series A junior cumulative preference stock issued by Onyx Energy Company in the state of Arizona. This designation allows the company to issue this specific class of preferred shares with certain unique characteristics and benefits. The Series A junior cumulative preference stock serves as a preferred equity investment option for investors, offering them distinct advantages in terms of dividends, liquidation preferences, voting rights, and other entitlements. It is important to note that this designation specifically applies to the stock issued by Onyx Energy Company. Some key features and rights granted to the holders of Series A junior cumulative preference stock under this designation include: 1. Dividends: Holders of Series A junior cumulative preference stock are entitled to receive dividends before any dividends are paid to holders of common stock. These dividends are typically fixed, and if not paid in any given period, they accumulate as arbitrages. 2. Cumulative Dividends: In the event that dividends cannot be paid in a particular period, they accrue as cumulative dividends and must be paid before any dividends can be distributed to common stockholders in the future. This ensures that preferred stockholders receive their entitled dividends. 3. Liquidation Preference: In the event of a liquidation, dissolution, or winding up of the company, preferred stockholders are entitled to receive a specific liquidation preference. This means that they will have priority over common stockholders when it comes to the distribution of company assets. 4. Voting Rights: While preferred stockholders generally do not have voting rights, the Certificate of Designation may grant certain limited voting rights to the holders of Series A junior cumulative preference stock. This could include voting on specific matters or the election of directors. 5. Conversion Rights: Depending on the specific terms outlined in the Certificate of Designation, holders of Series A junior cumulative preference stock may have the option to convert their preferred shares into common shares of Onyx Energy Company, typically at a predetermined conversion ratio. This allows them to participate in the potential future growth of the company. It is important to note that there may be different types or series of preferred stock issued by Onyx Energy Company, each with their own specific Certificate of Designation, Preferences, and Rights. Different series may have distinct terms and preferences, such as Series B, Series C, or Series D junior cumulative preference stock. These additional series may have unique characteristics and rights, which would be specified in their respective Certificate of Designation. Overall, the Arizona Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company outlines the specific terms and benefits associated with this particular class of preferred stock, providing investors with a clear understanding of their rights and entitlements.