Missouri 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. Missouri Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company The Missouri Certificate of Designation, Preferences, and Rights outline the specific details and provisions associated with the Series B Junior Cumulative Convertible Preference Stock issued by Onyx Energy Company in Missouri. These certificates serve as legal documents that govern the rights and privileges of the stockholders who hold this specific class of stock. The Series B Junior Cumulative Convertible Preference Stock offers investors certain benefits and preferences. Some key features include: 1. Cumulative Dividends: Holders of the Series B stock are entitled to cumulative dividends, meaning any unpaid dividends from previous periods accumulate and must be paid before dividends are distributed to holders of common stock. 2. Junior to Senior Securities: The Series B stock is classified as junior to any senior securities issued by Onyx Energy Company, such as other preferred stocks or bonds. In the case of liquidation or bankruptcy, senior securities holders have priority over Series B stockholders. 3. Convertibility: The Series B stock is convertible into a predetermined number of common shares of Onyx Energy Company. The conversion rate and terms will be specified in the Certificate of Designation. 4. Preference in Liquidation: In the event of liquidation, stockholders of Series B junior cumulative convertible preference stock have a preference over common stockholders, but are junior to any senior securities holders. 5. Voting Rights: Generally, holders of the Series B stock have limited voting rights. However, specific details regarding voting rights allocation may vary, and they should be clearly stated in the Certificate of Designation. It's important to note that the Missouri Certificate of Designation, Preferences, and Rights may have different types or series associated with the Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company. These series are identified by different letters or numbers, distinguishing them from one another. For example, there might be a Series B-1, Series B-2, etc., each with their own specific provisions and terms. Each specific series will have its own unique details regarding conversion rates, voting rights, dividend preferences, and priority in liquidation. Investors and potential stockholders should carefully review the corresponding Certificate of Designation to understand the specific terms and rights applicable to each series. In conclusion, the Missouri Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company defines the specific terms, privileges, and rights associated with this particular stock class. Understanding the provisions outlined in the certificate is crucial for investors and stockholders to make informed decisions regarding their investments in Onyx Energy Company.

Missouri Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company The Missouri Certificate of Designation, Preferences, and Rights outline the specific details and provisions associated with the Series B Junior Cumulative Convertible Preference Stock issued by Onyx Energy Company in Missouri. These certificates serve as legal documents that govern the rights and privileges of the stockholders who hold this specific class of stock. The Series B Junior Cumulative Convertible Preference Stock offers investors certain benefits and preferences. Some key features include: 1. Cumulative Dividends: Holders of the Series B stock are entitled to cumulative dividends, meaning any unpaid dividends from previous periods accumulate and must be paid before dividends are distributed to holders of common stock. 2. Junior to Senior Securities: The Series B stock is classified as junior to any senior securities issued by Onyx Energy Company, such as other preferred stocks or bonds. In the case of liquidation or bankruptcy, senior securities holders have priority over Series B stockholders. 3. Convertibility: The Series B stock is convertible into a predetermined number of common shares of Onyx Energy Company. The conversion rate and terms will be specified in the Certificate of Designation. 4. Preference in Liquidation: In the event of liquidation, stockholders of Series B junior cumulative convertible preference stock have a preference over common stockholders, but are junior to any senior securities holders. 5. Voting Rights: Generally, holders of the Series B stock have limited voting rights. However, specific details regarding voting rights allocation may vary, and they should be clearly stated in the Certificate of Designation. It's important to note that the Missouri Certificate of Designation, Preferences, and Rights may have different types or series associated with the Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company. These series are identified by different letters or numbers, distinguishing them from one another. For example, there might be a Series B-1, Series B-2, etc., each with their own specific provisions and terms. Each specific series will have its own unique details regarding conversion rates, voting rights, dividend preferences, and priority in liquidation. Investors and potential stockholders should carefully review the corresponding Certificate of Designation to understand the specific terms and rights applicable to each series. In conclusion, the Missouri Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company defines the specific terms, privileges, and rights associated with this particular stock class. Understanding the provisions outlined in the certificate is crucial for investors and stockholders to make informed decisions regarding their investments in Onyx Energy Company.