Oregon 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 Oregon Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific characteristics and features of a specific class of preferred stock issued by Onyx Energy Company in the state of Oregon. This certificate provides important information regarding the rights, preferences, and privileges of the Series B Junior Cumulative Convertible Preference Stock. The Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a particular type of preferred stock that carries certain preferences and rights that differentiate it from other classes of stock issued by the company. It is important to note that this description is specific to the Oregon jurisdiction and may differ from certificates issued in other states. Key Features and Keywords: 1. Designation: The Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is designated as a separate class of stock with unique characteristics. 2. Preferences: The Series B stock may have specific preferential treatment in terms of dividends, meaning that it receives dividends before common stockholders in the event of a distribution of profits. 3. Rights: The certificate outlines the specific rights of Series B stockholders, such as the right to vote on certain matters, the right to convert their shares into common stock, and the right to receive cumulative dividends if they are not paid in a given year. 4. Junior Status: The Series B stock is designated as junior to other classes of preferred stock, meaning that it has a lower priority of claim in the case of liquidation or bankruptcy. 5. Cumulative Dividends: The Series B stock may accumulate unpaid dividends, meaning that if a year's dividends are not paid, they will carry over to future years and be payable before dividends to common stockholders. 6. Convertible: The Series B stock may be convertible into common stock, allowing stockholders to exchange their preferred shares for a predetermined number of common shares. It is important to note that this description focuses on the Series B Junior Cumulative Convertible Preference Stock; however, Onyx Energy Company may have multiple series of preferred stock with different characteristics and preferences. These other series would have their own Oregon Certificates of Designation, Preferences, and Rights, outlining their unique features and distinguishing them from the Series B stock. Overall, the Oregon Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a crucial document that provides investors and stakeholders with a comprehensive understanding of the specific rights, preferences, and privileges associated with this class of preferred stock.

The Oregon Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific characteristics and features of a specific class of preferred stock issued by Onyx Energy Company in the state of Oregon. This certificate provides important information regarding the rights, preferences, and privileges of the Series B Junior Cumulative Convertible Preference Stock. The Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a particular type of preferred stock that carries certain preferences and rights that differentiate it from other classes of stock issued by the company. It is important to note that this description is specific to the Oregon jurisdiction and may differ from certificates issued in other states. Key Features and Keywords: 1. Designation: The Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is designated as a separate class of stock with unique characteristics. 2. Preferences: The Series B stock may have specific preferential treatment in terms of dividends, meaning that it receives dividends before common stockholders in the event of a distribution of profits. 3. Rights: The certificate outlines the specific rights of Series B stockholders, such as the right to vote on certain matters, the right to convert their shares into common stock, and the right to receive cumulative dividends if they are not paid in a given year. 4. Junior Status: The Series B stock is designated as junior to other classes of preferred stock, meaning that it has a lower priority of claim in the case of liquidation or bankruptcy. 5. Cumulative Dividends: The Series B stock may accumulate unpaid dividends, meaning that if a year's dividends are not paid, they will carry over to future years and be payable before dividends to common stockholders. 6. Convertible: The Series B stock may be convertible into common stock, allowing stockholders to exchange their preferred shares for a predetermined number of common shares. It is important to note that this description focuses on the Series B Junior Cumulative Convertible Preference Stock; however, Onyx Energy Company may have multiple series of preferred stock with different characteristics and preferences. These other series would have their own Oregon Certificates of Designation, Preferences, and Rights, outlining their unique features and distinguishing them from the Series B stock. Overall, the Oregon Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a crucial document that provides investors and stakeholders with a comprehensive understanding of the specific rights, preferences, and privileges associated with this class of preferred stock.