District of Columbia 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 District of Columbia Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company outlines the specific details and characteristics of this particular form of stock issued by the company. The Series A Junior Cumulative Preference stock represents a type of capital investment instrument with unique features and entitlements. It is important to note that Onyx Energy Company might issue various types of District of Columbia Certificates of Designation, Preferences, and Rights for its different classes and series of preferred stocks. However, for this discussion, we will focus solely on the Series A Junior Cumulative Preference stock. Key Features of the District of Columbia Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock include: 1. Designation: The stock is specifically designated as Series A Junior Cumulative Preference Stock under the laws of the District of Columbia. 2. Preference: Series A Junior Cumulative Preference Stockholders have a higher claim on Onyx Energy's assets and earnings compared to common stockholders in the event of liquidation or dissolution. They receive priority when it comes to dividend payments. 3. Cumulative Dividends: The Series A Junior Cumulative Preference Stockholders are entitled to receive regular dividends, and any unpaid dividends accumulate and become cumulative. If Onyx Energy fails to pay dividends in a particular period, the unpaid amount will accumulate and must be paid before any dividends on common stock can be distributed. 4. Junior Ranking: The Series A Junior Cumulative Preference Stock ranks below any senior classes of preferred stock in terms of priority in liquidation and dividend payments. However, it ranks above common stockholders. 5. Conversion and Redemption: The Certificate of Designation might provide information regarding the conversion or redemption of Series A Junior Cumulative Preference Stock into common stock or other securities after a specified period or under certain conditions. 6. Voting Rights: Generally, preferred stockholders, including Series A Junior Cumulative Preference Stockholders, have limited or no voting rights in corporate matters, except in specific circumstances as defined by the Certificate of Designation. 7. Protective Provisions: The District of Columbia Certificate of Designation may define additional protective provisions or rights given to the Series A Junior Cumulative Preference Stockholders, such as anti-dilution measures or restrictions on issuing higher-ranking stocks. By providing this detailed description of the District of Columbia Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company, we have highlighted the key elements and characteristics associated with this particular form of security.

The District of Columbia Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company outlines the specific details and characteristics of this particular form of stock issued by the company. The Series A Junior Cumulative Preference stock represents a type of capital investment instrument with unique features and entitlements. It is important to note that Onyx Energy Company might issue various types of District of Columbia Certificates of Designation, Preferences, and Rights for its different classes and series of preferred stocks. However, for this discussion, we will focus solely on the Series A Junior Cumulative Preference stock. Key Features of the District of Columbia Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock include: 1. Designation: The stock is specifically designated as Series A Junior Cumulative Preference Stock under the laws of the District of Columbia. 2. Preference: Series A Junior Cumulative Preference Stockholders have a higher claim on Onyx Energy's assets and earnings compared to common stockholders in the event of liquidation or dissolution. They receive priority when it comes to dividend payments. 3. Cumulative Dividends: The Series A Junior Cumulative Preference Stockholders are entitled to receive regular dividends, and any unpaid dividends accumulate and become cumulative. If Onyx Energy fails to pay dividends in a particular period, the unpaid amount will accumulate and must be paid before any dividends on common stock can be distributed. 4. Junior Ranking: The Series A Junior Cumulative Preference Stock ranks below any senior classes of preferred stock in terms of priority in liquidation and dividend payments. However, it ranks above common stockholders. 5. Conversion and Redemption: The Certificate of Designation might provide information regarding the conversion or redemption of Series A Junior Cumulative Preference Stock into common stock or other securities after a specified period or under certain conditions. 6. Voting Rights: Generally, preferred stockholders, including Series A Junior Cumulative Preference Stockholders, have limited or no voting rights in corporate matters, except in specific circumstances as defined by the Certificate of Designation. 7. Protective Provisions: The District of Columbia Certificate of Designation may define additional protective provisions or rights given to the Series A Junior Cumulative Preference Stockholders, such as anti-dilution measures or restrictions on issuing higher-ranking stocks. By providing this detailed description of the District of Columbia Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company, we have highlighted the key elements and characteristics associated with this particular form of security.