Texas 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 Texas 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, preferences, and rights associated with the Series B Junior Cumulative Convertible Preference Stock issued by Onyx Energy Company. This certificate is important because it provides clarity and protection to both the company and the investors involved in the issuance of this stock. Series B Junior Cumulative Convertible Preference Stock is a particular type of preferred stock that Onyx Energy Company offers to potential investors. It is important to note that this description is specific to the Texas jurisdiction, as each state may have its own unique requirements and regulations when it comes to certificates of designation. The relevant keywords associated with the Texas Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company could include: 1. Certificate of Designation: This legal document outlines the specific terms and conditions associated with a particular class or series of preferred stock. 2. Preferences: Refers to the various privileges and advantages that the holders of the Series B Junior Cumulative Convertible Preference Stock are entitled to, such as dividend priority or liquidation preferences. 3. Rights: Defines the powers, privileges, and protections given to the holders of the Series B Junior Cumulative Convertible Preference Stock, which may include voting rights, conversion rights, and anti-dilution protections. 4. Series B Junior: Indicates that this particular class of preferred stock is part of the Series B issuance, denoting its order or ranking in relation to other series or classes of preferred stock issued by Onyx Energy Company. 5. Cumulative: Implies that any unpaid dividends on the Series B Junior Cumulative Convertible Preference Stock will accumulate over time and must be paid before any dividends can be distributed to holders of common stock. 6. Convertible: Signifies that the Series B Junior Cumulative Convertible Preference Stock can be converted into a different class or series of stock, typically common stock, at the option of the holder or based on predefined conversion terms. It is important to note that the specific names of different types of Texas Certificates of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock for Onyx Energy Company may vary depending on the specific offerings and options provided by the company. The above description is a general overview that should be tailored to the specific details outlined in the official certificate issued by Onyx Energy Company.

The Texas 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, preferences, and rights associated with the Series B Junior Cumulative Convertible Preference Stock issued by Onyx Energy Company. This certificate is important because it provides clarity and protection to both the company and the investors involved in the issuance of this stock. Series B Junior Cumulative Convertible Preference Stock is a particular type of preferred stock that Onyx Energy Company offers to potential investors. It is important to note that this description is specific to the Texas jurisdiction, as each state may have its own unique requirements and regulations when it comes to certificates of designation. The relevant keywords associated with the Texas Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company could include: 1. Certificate of Designation: This legal document outlines the specific terms and conditions associated with a particular class or series of preferred stock. 2. Preferences: Refers to the various privileges and advantages that the holders of the Series B Junior Cumulative Convertible Preference Stock are entitled to, such as dividend priority or liquidation preferences. 3. Rights: Defines the powers, privileges, and protections given to the holders of the Series B Junior Cumulative Convertible Preference Stock, which may include voting rights, conversion rights, and anti-dilution protections. 4. Series B Junior: Indicates that this particular class of preferred stock is part of the Series B issuance, denoting its order or ranking in relation to other series or classes of preferred stock issued by Onyx Energy Company. 5. Cumulative: Implies that any unpaid dividends on the Series B Junior Cumulative Convertible Preference Stock will accumulate over time and must be paid before any dividends can be distributed to holders of common stock. 6. Convertible: Signifies that the Series B Junior Cumulative Convertible Preference Stock can be converted into a different class or series of stock, typically common stock, at the option of the holder or based on predefined conversion terms. It is important to note that the specific names of different types of Texas Certificates of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock for Onyx Energy Company may vary depending on the specific offerings and options provided by the company. The above description is a general overview that should be tailored to the specific details outlined in the official certificate issued by Onyx Energy Company.