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

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• Control #: US-CC-3-136
• Format: Word; Rich Text

Description

This sample form, a detailed Certificate of designation, preferences and rights of Series B junior cumulative convertible 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 B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific rights and preferences attributed to the holders of this particular class of stock. This designation ensures that Series B junior cumulative convertible preference stockholders have distinct privileges and treatment within the company. The key features and provisions of the Arizona Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock include: 1. Voting Rights: Holders of Series B junior cumulative convertible preference stock are typically entitled to vote on certain matters that directly impact their interests. However, the extent of voting rights may vary depending on the rights explicitly granted in the certificate. 2. Cumulative Dividends: The certificate may specify that holders of Series B stock are entitled to cumulative dividends. This means that if dividends are not paid on a regular basis, the amount accumulates and must be paid in the future, ensuring the priority of Series B stockholders. 3. Conversion Option: Series B junior cumulative convertible preference stockholders can have the right to convert their shares into a different class of stock or common shares of the company. The specifics of conversion, such as the conversion ratio or timing, are usually outlined in the certificate. 4. Liquidation Preference: In the event of the company's liquidation, Series B junior cumulative convertible preference stockholders typically have a preferential claim on the company's assets and funds. 5. Junior Status: The Series B junior cumulative convertible preference stock is classified as junior to other classes of preferred stock, meaning that these shares have a lower priority when it comes to dividends or liquidation proceeds compared to other preferred stock classes. 6. Different Types: It is important to note that Onyx Energy Company may have multiple series of preferred stock, each with its own specific Certificate of Designation, Preferences, and Rights. These different series may have unique terms, voting rights, conversion options, and liquidation preferences, giving investors various options to invest in the company. By clearly defining the rights and preferences associated with Series B junior cumulative convertible preference stock, the Arizona Certificate of Designation ensures transparency and clarity for investors, further safeguarding their interests in Onyx Energy Company.

The Arizona Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific rights and preferences attributed to the holders of this particular class of stock. This designation ensures that Series B junior cumulative convertible preference stockholders have distinct privileges and treatment within the company. The key features and provisions of the Arizona Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock include: 1. Voting Rights: Holders of Series B junior cumulative convertible preference stock are typically entitled to vote on certain matters that directly impact their interests. However, the extent of voting rights may vary depending on the rights explicitly granted in the certificate. 2. Cumulative Dividends: The certificate may specify that holders of Series B stock are entitled to cumulative dividends. This means that if dividends are not paid on a regular basis, the amount accumulates and must be paid in the future, ensuring the priority of Series B stockholders. 3. Conversion Option: Series B junior cumulative convertible preference stockholders can have the right to convert their shares into a different class of stock or common shares of the company. The specifics of conversion, such as the conversion ratio or timing, are usually outlined in the certificate. 4. Liquidation Preference: In the event of the company's liquidation, Series B junior cumulative convertible preference stockholders typically have a preferential claim on the company's assets and funds. 5. Junior Status: The Series B junior cumulative convertible preference stock is classified as junior to other classes of preferred stock, meaning that these shares have a lower priority when it comes to dividends or liquidation proceeds compared to other preferred stock classes. 6. Different Types: It is important to note that Onyx Energy Company may have multiple series of preferred stock, each with its own specific Certificate of Designation, Preferences, and Rights. These different series may have unique terms, voting rights, conversion options, and liquidation preferences, giving investors various options to invest in the company. By clearly defining the rights and preferences associated with Series B junior cumulative convertible preference stock, the Arizona Certificate of Designation ensures transparency and clarity for investors, further safeguarding their interests in Onyx Energy Company.