Houston Texas 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
• City: Houston
• 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 Houston Texas 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 terms, conditions, and privileges associated with the Series A Junior Cumulative Preference Stock offered by Onyx Energy Company in Houston, Texas. This certificate establishes the rights and preferences of shareholders who hold Series A Junior Cumulative Preference Stock within Onyx Energy Company. As a holder of this stock, one is entitled to certain benefits and privileges not available to common stockholders. The Series A Junior Cumulative Preference Stock of Onyx Energy Company holds numerous rights and preferences, which include: 1. Dividend Rights: Holders of Series A Junior Cumulative Preference Stock are entitled to receive dividends before any dividends can be distributed to common stockholders. These dividends are cumulative, meaning they accrue even if not paid and must be paid before any dividends are issued to common stockholders. 2. Liquidation Preference: In the event of liquidation, shareholders holding Series A Junior Cumulative Preference Stock has the right to receive a fixed amount per share before any distribution can be made to the common stockholders. 3. Conversion Rights: The certificate may outline conversion rights, allowing holders of Series A Junior Cumulative Preference Stock to convert their shares into a predetermined number of common shares at a given ratio. 4. Voting Rights: Depending on the specifics of the certificate, Series A Junior Cumulative Preference Stock may carry voting rights on certain matters, such as significant corporate changes or actions. 5. Ranking: The certificate may specify the ranking of Series A Junior Cumulative Preference Stock in relation to other classes of stock issued by Onyx Energy Company. This ranking determines the priority of certain rights and privileges. It's important to note that while this description highlights the general features and rights associated with the Series A Junior Cumulative Preference Stock, the specific terms and conditions may vary depending on the unique certificate issued by Onyx Energy Company. Alternative types of Houston Texas Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company might include Series B Junior Cumulative Preference Stock, Series C Junior Cumulative Preference Stock, and so on. Each of these series would have its own specific terms, preferences, and rights outlined in their respective certificates of designation.

The Houston Texas 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 terms, conditions, and privileges associated with the Series A Junior Cumulative Preference Stock offered by Onyx Energy Company in Houston, Texas. This certificate establishes the rights and preferences of shareholders who hold Series A Junior Cumulative Preference Stock within Onyx Energy Company. As a holder of this stock, one is entitled to certain benefits and privileges not available to common stockholders. The Series A Junior Cumulative Preference Stock of Onyx Energy Company holds numerous rights and preferences, which include: 1. Dividend Rights: Holders of Series A Junior Cumulative Preference Stock are entitled to receive dividends before any dividends can be distributed to common stockholders. These dividends are cumulative, meaning they accrue even if not paid and must be paid before any dividends are issued to common stockholders. 2. Liquidation Preference: In the event of liquidation, shareholders holding Series A Junior Cumulative Preference Stock has the right to receive a fixed amount per share before any distribution can be made to the common stockholders. 3. Conversion Rights: The certificate may outline conversion rights, allowing holders of Series A Junior Cumulative Preference Stock to convert their shares into a predetermined number of common shares at a given ratio. 4. Voting Rights: Depending on the specifics of the certificate, Series A Junior Cumulative Preference Stock may carry voting rights on certain matters, such as significant corporate changes or actions. 5. Ranking: The certificate may specify the ranking of Series A Junior Cumulative Preference Stock in relation to other classes of stock issued by Onyx Energy Company. This ranking determines the priority of certain rights and privileges. It's important to note that while this description highlights the general features and rights associated with the Series A Junior Cumulative Preference Stock, the specific terms and conditions may vary depending on the unique certificate issued by Onyx Energy Company. Alternative types of Houston Texas Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company might include Series B Junior Cumulative Preference Stock, Series C Junior Cumulative Preference Stock, and so on. Each of these series would have its own specific terms, preferences, and rights outlined in their respective certificates of designation.