Utah 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 Utah Certificate of Designation outlines the specific terms, preferences, and rights associated with the Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company. This document is a legal and binding agreement between the company and its shareholders, offering detailed information on the various aspects of this particular stock. The Series B Junior Cumulative Convertible Preference Stock is considered a class of preferred stock, granting certain privileges and provisions to its holders. This type of stock carries unique characteristics and preferences that differentiate it from common stock or other classes of preferred stock within the company. Key terms and features of the Utah Certificate of Designation for the Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include: 1. Designation: The Certificate designates the Series B Junior Cumulative Convertible Preference Stock as a distinct class of stock within Onyx Energy Company's capital structure. 2. Preferences: The holders of Series B Junior Cumulative Convertible Preference Stock generally enjoy priority over common stockholders in terms of dividend payments and liquidation proceeds. The Certificate will outline the specific rights and preferences of these stockholders, which may include a fixed dividend rate or a cumulative dividend provision. 3. Convertibility: The Series B Junior Cumulative Convertible Preference Stock is convertible into a certain number of common shares at the discretion of the stockholder. The Certificate will specify the conversion ratio and any conversion conditions or limitations. 4. Junior Status: The Series B Junior Cumulative Convertible Preference Stock is deemed junior to other classes of preferred stock or debt obligations of the company. This means that in the event of liquidation or bankruptcy, the holders of senior securities will have priority over the Series B stockholders. 5. Cumulative Dividends: The Certificate may provide for the accumulation of unpaid dividends on the Series B stock, ensuring that stockholders will receive their dividends even if the company suspends or reduces dividend payments in a particular period. 6. Redemption Provisions: The Certificate might contain information regarding the company's ability to redeem the Series B Junior Cumulative Convertible Preference Stock, including the terms, conditions, and redemption price. It's important to note that the specific terms and features may vary depending on the version or series of the Utah Certificate of Designation for the Series B Junior Cumulative Convertible Preference Stock. Onyx Energy Company may have issued multiple series of such stock, each with its own unique characteristics and designations. Further details and specific series can be found in the corresponding Certificate of Designation for each issued series.

The Utah Certificate of Designation outlines the specific terms, preferences, and rights associated with the Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company. This document is a legal and binding agreement between the company and its shareholders, offering detailed information on the various aspects of this particular stock. The Series B Junior Cumulative Convertible Preference Stock is considered a class of preferred stock, granting certain privileges and provisions to its holders. This type of stock carries unique characteristics and preferences that differentiate it from common stock or other classes of preferred stock within the company. Key terms and features of the Utah Certificate of Designation for the Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company may include: 1. Designation: The Certificate designates the Series B Junior Cumulative Convertible Preference Stock as a distinct class of stock within Onyx Energy Company's capital structure. 2. Preferences: The holders of Series B Junior Cumulative Convertible Preference Stock generally enjoy priority over common stockholders in terms of dividend payments and liquidation proceeds. The Certificate will outline the specific rights and preferences of these stockholders, which may include a fixed dividend rate or a cumulative dividend provision. 3. Convertibility: The Series B Junior Cumulative Convertible Preference Stock is convertible into a certain number of common shares at the discretion of the stockholder. The Certificate will specify the conversion ratio and any conversion conditions or limitations. 4. Junior Status: The Series B Junior Cumulative Convertible Preference Stock is deemed junior to other classes of preferred stock or debt obligations of the company. This means that in the event of liquidation or bankruptcy, the holders of senior securities will have priority over the Series B stockholders. 5. Cumulative Dividends: The Certificate may provide for the accumulation of unpaid dividends on the Series B stock, ensuring that stockholders will receive their dividends even if the company suspends or reduces dividend payments in a particular period. 6. Redemption Provisions: The Certificate might contain information regarding the company's ability to redeem the Series B Junior Cumulative Convertible Preference Stock, including the terms, conditions, and redemption price. It's important to note that the specific terms and features may vary depending on the version or series of the Utah Certificate of Designation for the Series B Junior Cumulative Convertible Preference Stock. Onyx Energy Company may have issued multiple series of such stock, each with its own unique characteristics and designations. Further details and specific series can be found in the corresponding Certificate of Designation for each issued series.