Kentucky 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 Kentucky Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock refers to a legal document that outlines the specific rights and preferences associated with the Series B Junior Cumulative Convertible Preference Stock issued by Onyx Energy Company. The Series B Junior Cumulative Convertible Preference Stock is a type of equity security offered by Onyx Energy Company in Kentucky. It represents ownership in the company and comes with several unique provisions and rights. Here are some key points covered in the certificate: 1. Designation: The certificate designates the Series B Junior Cumulative Convertible Preference Stock as a distinct class of stock within Onyx Energy Company. 2. Preferences: The Series B Junior Cumulative Convertible Preference Stock carries certain preferences over common stockholders. These preferences may include a priority in dividends, liquidation preference, and voting rights. 3. Cumulative Dividends: The Series B stockholders are entitled to receive cumulative dividends, which means that if dividends are not paid in a particular period, they will accumulate and need to be paid in subsequent periods before any dividends can be distributed to other stockholders. 4. Convertible: The Series B stock is convertible into another class of stock at the option of the stockholder. The conversion terms, including the conversion ratio and any adjustments, are specified in the certificate. 5. Junior Rank: The Series B stock is junior to other preferred stock classes but senior to common stock. This means that in case of liquidation or bankruptcy, Series B stockholders have a higher claim on the company's assets compared to common stockholders but are subordinate to other preferred stockholders. It's important to note that the certificate may have variations or different classes within the Series B Junior Cumulative Convertible Preference Stock. These variations might be named differently, such as Series B-1, Series B-2, or Class B-1, Class B-2, etc. Each variation may have its own set of specific terms, preferences, and rights as defined in their respective Kentucky Certificates of Designation. In conclusion, the Kentucky Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company outlines the specific terms, preferences, and rights associated with the Series B stock class, including cumulative dividends, conversion options, and preferred positions within the company's capital structure.

The Kentucky Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock refers to a legal document that outlines the specific rights and preferences associated with the Series B Junior Cumulative Convertible Preference Stock issued by Onyx Energy Company. The Series B Junior Cumulative Convertible Preference Stock is a type of equity security offered by Onyx Energy Company in Kentucky. It represents ownership in the company and comes with several unique provisions and rights. Here are some key points covered in the certificate: 1. Designation: The certificate designates the Series B Junior Cumulative Convertible Preference Stock as a distinct class of stock within Onyx Energy Company. 2. Preferences: The Series B Junior Cumulative Convertible Preference Stock carries certain preferences over common stockholders. These preferences may include a priority in dividends, liquidation preference, and voting rights. 3. Cumulative Dividends: The Series B stockholders are entitled to receive cumulative dividends, which means that if dividends are not paid in a particular period, they will accumulate and need to be paid in subsequent periods before any dividends can be distributed to other stockholders. 4. Convertible: The Series B stock is convertible into another class of stock at the option of the stockholder. The conversion terms, including the conversion ratio and any adjustments, are specified in the certificate. 5. Junior Rank: The Series B stock is junior to other preferred stock classes but senior to common stock. This means that in case of liquidation or bankruptcy, Series B stockholders have a higher claim on the company's assets compared to common stockholders but are subordinate to other preferred stockholders. It's important to note that the certificate may have variations or different classes within the Series B Junior Cumulative Convertible Preference Stock. These variations might be named differently, such as Series B-1, Series B-2, or Class B-1, Class B-2, etc. Each variation may have its own set of specific terms, preferences, and rights as defined in their respective Kentucky Certificates of Designation. In conclusion, the Kentucky Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company outlines the specific terms, preferences, and rights associated with the Series B stock class, including cumulative dividends, conversion options, and preferred positions within the company's capital structure.