Oklahoma 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 Oklahoma Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company is a legal document that outlines the specific provisions, preferences, and rights associated with the Series A junior cumulative preference stock issued by Onyx Energy Company in Oklahoma. This certificate serves as a governing instrument for the shareholders who hold this particular class of stock. The Series A junior cumulative preference stock of Onyx Energy Company is characterized by certain designated features and rights, providing shareholders with unique benefits and privileges in relation to other classes of stock. These preferences and rights are designed to cater to the specific needs and interests of shareholders who have invested in this series. Some key provisions and rights associated with the Oklahoma Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company include: 1. Dividend Preference: Holders of Series A junior cumulative preference stock receive preferential treatment in terms of dividend payments. They have priority over common stockholders and are entitled to receive a fixed dividend at a specified rate before any dividend is paid to holders of other classes of stock. 2. Cumulative Dividends: In case dividends are not paid in any particular period, the unpaid dividends accumulate and need to be paid before any dividends can be distributed to other classes of stock. This cumulative feature ensures that the shareholders receive their entitled dividends eventually. 3. Junior Status: The Series A junior cumulative preference stock ranks junior to any senior class of preferred stock in terms of dividend payments and liquidation proceeds. This means that holders of senior preferred stock (if any) have priority over the series A junior cumulative preference stockholders. 4. Liquidation Preference: In the event of liquidation, dissolution, or winding up of the company, the holders of Series A junior cumulative preference stock are entitled to receive a specified liquidation preference before any distribution is made to common stockholders. This ensures a certain level of protection for the shareholders' investment. Different types or series of preferred stock may exist within the Oklahoma Certificate of Designation, Preferences, and Rights of Series A junior cumulative preference stock of Onyx Energy Company. These different series may have distinct features, rights, and preferences unique to their designated class. However, specific details about these additional series are not provided in the given prompt.

The Oklahoma Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company is a legal document that outlines the specific provisions, preferences, and rights associated with the Series A junior cumulative preference stock issued by Onyx Energy Company in Oklahoma. This certificate serves as a governing instrument for the shareholders who hold this particular class of stock. The Series A junior cumulative preference stock of Onyx Energy Company is characterized by certain designated features and rights, providing shareholders with unique benefits and privileges in relation to other classes of stock. These preferences and rights are designed to cater to the specific needs and interests of shareholders who have invested in this series. Some key provisions and rights associated with the Oklahoma Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company include: 1. Dividend Preference: Holders of Series A junior cumulative preference stock receive preferential treatment in terms of dividend payments. They have priority over common stockholders and are entitled to receive a fixed dividend at a specified rate before any dividend is paid to holders of other classes of stock. 2. Cumulative Dividends: In case dividends are not paid in any particular period, the unpaid dividends accumulate and need to be paid before any dividends can be distributed to other classes of stock. This cumulative feature ensures that the shareholders receive their entitled dividends eventually. 3. Junior Status: The Series A junior cumulative preference stock ranks junior to any senior class of preferred stock in terms of dividend payments and liquidation proceeds. This means that holders of senior preferred stock (if any) have priority over the series A junior cumulative preference stockholders. 4. Liquidation Preference: In the event of liquidation, dissolution, or winding up of the company, the holders of Series A junior cumulative preference stock are entitled to receive a specified liquidation preference before any distribution is made to common stockholders. This ensures a certain level of protection for the shareholders' investment. Different types or series of preferred stock may exist within the Oklahoma Certificate of Designation, Preferences, and Rights of Series A junior cumulative preference stock of Onyx Energy Company. These different series may have distinct features, rights, and preferences unique to their designated class. However, specific details about these additional series are not provided in the given prompt.