Virgin Islands Amendment of Restated Certificate of Incorporation to change dividend rate on $10.50 cumulative second preferred convertible stock

• Category: Corporations - Public - Changes Affecting Capital Stock
• State: Multi-State
• Control #: US-CC-3-178H
• Format: Word; Rich Text

Description

This sample form, a detailed Amendment of the Restated Certificate of Incorporation to Change Dividend Rate on Preferred Convertible 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 Virgin Islands Amendment of Restated Certificate of Incorporation refers to the process of altering an existing certificate of a corporation based in the Virgin Islands to modify the dividend rate on a specific type of stock, namely the $10.50 cumulative second preferred convertible stock. This amendment is essential for the corporation to adjust the earnings distribution rate associated with this particular stock. When it comes to the different types of Virgin Islands Amendments of Restated Certificate of Incorporation to change dividend rate on $10.50 cumulative second preferred convertible stock, they could include: 1. Simple Dividend Rate Modification: This type of amendment involves a straightforward adjustment to the dividend rate on the $10.50 cumulative second preferred convertible stock without any additional complexities or changes. 2. Conditional Dividend Adjustment: In certain cases, the amendment might include additional conditions or criteria that need to be met before the dividend rate on the $10.50 cumulative second preferred convertible stock can be changed. 3. Retroactive Dividend Rate Amendment: This type of amendment involves modifying the dividend rate retroactively, meaning that the changes would apply to past and future dividends on the $10.50 cumulative second preferred convertible stock. 4. Temporal Dividend Rate Amendment: A temporal amendment refers to a change in the dividend rate for a specific period or duration. This type of amendment might include a predetermined timeframe for the adjusted dividend rate on the $10.50 cumulative second preferred convertible stock. 5. Conversion Provision Modification: Along with the dividend rate adjustment, the amendment might also involve altering the terms related to the conversion of the $10.50 cumulative second preferred stock into common stock or any other specified securities. 6. Non-Cumulative Dividend Adjustment: This type of amendment could result in changing the dividend rate on the $10.50 cumulative second preferred convertible stock from being cumulative (where unpaid dividends still accrue) to non-cumulative (where unpaid dividends do not accumulate). Keywords: Virgin Islands, Amendment of Restated Certificate of Incorporation, dividend rate, $10.50 cumulative second preferred convertible stock, types, modification, adjustment, retroactive, temporal, conversion provision, non-cumulative.

The Virgin Islands Amendment of Restated Certificate of Incorporation refers to the process of altering an existing certificate of a corporation based in the Virgin Islands to modify the dividend rate on a specific type of stock, namely the $10.50 cumulative second preferred convertible stock. This amendment is essential for the corporation to adjust the earnings distribution rate associated with this particular stock. When it comes to the different types of Virgin Islands Amendments of Restated Certificate of Incorporation to change dividend rate on $10.50 cumulative second preferred convertible stock, they could include: 1. Simple Dividend Rate Modification: This type of amendment involves a straightforward adjustment to the dividend rate on the $10.50 cumulative second preferred convertible stock without any additional complexities or changes. 2. Conditional Dividend Adjustment: In certain cases, the amendment might include additional conditions or criteria that need to be met before the dividend rate on the $10.50 cumulative second preferred convertible stock can be changed. 3. Retroactive Dividend Rate Amendment: This type of amendment involves modifying the dividend rate retroactively, meaning that the changes would apply to past and future dividends on the $10.50 cumulative second preferred convertible stock. 4. Temporal Dividend Rate Amendment: A temporal amendment refers to a change in the dividend rate for a specific period or duration. This type of amendment might include a predetermined timeframe for the adjusted dividend rate on the $10.50 cumulative second preferred convertible stock. 5. Conversion Provision Modification: Along with the dividend rate adjustment, the amendment might also involve altering the terms related to the conversion of the $10.50 cumulative second preferred stock into common stock or any other specified securities. 6. Non-Cumulative Dividend Adjustment: This type of amendment could result in changing the dividend rate on the $10.50 cumulative second preferred convertible stock from being cumulative (where unpaid dividends still accrue) to non-cumulative (where unpaid dividends do not accumulate). Keywords: Virgin Islands, Amendment of Restated Certificate of Incorporation, dividend rate, $10.50 cumulative second preferred convertible stock, types, modification, adjustment, retroactive, temporal, conversion provision, non-cumulative.