New York 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 New York Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company is a legal document outlining the specific terms and conditions of a specific class of preferred stock issued by Onyx Energy Company. This type of preferred stock is typically referred to as "Series A Junior Cumulative Preference Stock." The Series A Junior Cumulative Preference Stock is a type of preferred stock that gives its holders certain privileges and rights over common stockholders. It is considered junior in terms of priority compared to other classes of preferred stock within the company's capital structure. The "cumulative" aspect implies that if dividends are not paid in a certain period, they will accumulate and become payable in the future. The New York Certificate of Designation for the Series A Junior Cumulative Preference Stock specifies various preferences and rights of the stockholders. These preferences and rights may include: 1. Dividend Priority: Holders of Series A Junior Cumulative Preference Stock has a priority over common stockholders in receiving dividends. They are entitled to receive a fixed dividend amount before any dividends are paid to holders of common stock. 2. Cumulative Dividends: If the company fails to pay dividends for a specific period, the unpaid dividends accumulate and become payable in the future. This ensures that holders of Series A Junior Cumulative Preference Stock will eventually receive their unpaid dividends. 3. Liquidation Preference: In the event of liquidation or winding up of the company, holders of Series A Junior Cumulative Preference Stock has a higher priority in receiving their investment back compared to common stockholders. They are entitled to receive a specific liquidation preference amount before any distributions are made to holders of common stock. 4. Voting Rights: While preferred stockholders generally do not have voting rights, the New York Certificate of Designation may grant specific voting rights to holders of Series A Junior Cumulative Preference Stock on certain matters affecting their rights and interests. It is worth noting that there might be different types of preferred stock issued by Onyx Energy Company, each having its own Certificate of Designation with unique preferences, rights, and characteristics. As for the Series A Junior Cumulative Preference Stock, it represents a specific class within the range of preferred stock offerings by the company.

The New York Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company is a legal document outlining the specific terms and conditions of a specific class of preferred stock issued by Onyx Energy Company. This type of preferred stock is typically referred to as "Series A Junior Cumulative Preference Stock." The Series A Junior Cumulative Preference Stock is a type of preferred stock that gives its holders certain privileges and rights over common stockholders. It is considered junior in terms of priority compared to other classes of preferred stock within the company's capital structure. The "cumulative" aspect implies that if dividends are not paid in a certain period, they will accumulate and become payable in the future. The New York Certificate of Designation for the Series A Junior Cumulative Preference Stock specifies various preferences and rights of the stockholders. These preferences and rights may include: 1. Dividend Priority: Holders of Series A Junior Cumulative Preference Stock has a priority over common stockholders in receiving dividends. They are entitled to receive a fixed dividend amount before any dividends are paid to holders of common stock. 2. Cumulative Dividends: If the company fails to pay dividends for a specific period, the unpaid dividends accumulate and become payable in the future. This ensures that holders of Series A Junior Cumulative Preference Stock will eventually receive their unpaid dividends. 3. Liquidation Preference: In the event of liquidation or winding up of the company, holders of Series A Junior Cumulative Preference Stock has a higher priority in receiving their investment back compared to common stockholders. They are entitled to receive a specific liquidation preference amount before any distributions are made to holders of common stock. 4. Voting Rights: While preferred stockholders generally do not have voting rights, the New York Certificate of Designation may grant specific voting rights to holders of Series A Junior Cumulative Preference Stock on certain matters affecting their rights and interests. It is worth noting that there might be different types of preferred stock issued by Onyx Energy Company, each having its own Certificate of Designation with unique preferences, rights, and characteristics. As for the Series A Junior Cumulative Preference Stock, it represents a specific class within the range of preferred stock offerings by the company.