Santa Clara California Certificate of designation, preferences and rights of Series A junior cumulative preference stock of Oryx Energy Company

Name: Santa Clara California Certificate of designation, preferences and rights of Series A junior cumulative preference stock of Oryx Energy Company
Brand: US Legal Forms
Rating: 4.63 (404 reviews)

Category:

Corporations - Public - Changes Affecting Capital Stock

State:

Multi-State

County:

Santa Clara

Control #:

US-CC-3-132

Format:

Instant download

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.

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How to fill out Santa Clara California Certificate Of Designation, Preferences And Rights Of Series A Junior Cumulative Preference Stock Of Oryx Energy Company?

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Preferred Designation means the Certificate of Designation with respect to the Series D Preferred Stock, the Series E Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock, the Series H Preferred Stock and the Series I Preferred Stock adopted by the Board of Directors of the Company and duly filed

The Redeemable Convertible Preferred Stock Liability is considered a freestanding instrument that qualifies as a liability under ASC Topic 480, Distinguishing Liabilities from Equity as the Company is committed to issue an instrument that ultimately may require a transfer of assets.

Series CF Preferred Stock means a series of Preferred Stock that is subordinate in all respects to the Company Senior Preferred Stock. The per share liquidation preference of the Series CF Preferred Stock shall equal the Conversion Price.

If the preferred shareholders do not receive a dividend (the board of directors does not declare a dividend) in a given period, then the undeclared dividend is accumulated.

When preferred stock is cumulative, preferred dividends not declared in a given period are called dividends in arrears. Dividends may be declared and paid in cash or stock. A debit balance in the Retained Earnings account is identified as a deficit. 11.

Cumulative preferred stock is a type of preferred stock with a provision that stipulates that if any dividend payments have been missed in the past, the dividends owed must be paid out to cumulative preferred shareholders first.

The definition of a designation is the act of pointing someone out with a name, a title or an assignment. An example of designation is someone being named president of an organization. That which designates; a distinguishing mark or name; distinctive title; appellation. A distinguishing name, title, etc.

What Is Convertible Preferred Stock? Convertible preferred stocks are preferred shares that include an option for the holder to convert the shares into a fixed number of common shares after a predetermined date.

Because you must pay the dividends in arrears first, record the cumulative preferred dividend payment by debiting Dividends Payable-Cumulative Preferred Dividend Arrearage for $10,000 and crediting Cash for $10,000.

Dividends on common shares are payable only if and when declared by a corporation's board of directors. Any unpaid cumulative dividends must be paid before any dividends on common shares (or a class of lower-ranking preferred shares) are paid.

In college we can see different level of persons like Teachers, Head of the Department, Principal, Peons and Students etc2026 If others have designation like Teacher, Head of the Department etc2026Then Students Designation is Student.

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Santa Clara California Certificate of designation, preferences and rights of Series A junior cumulative preference stock of Oryx Energy Company

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How to fill out Santa Clara California Certificate Of Designation, Preferences And Rights Of Series A Junior Cumulative Preference Stock Of Oryx Energy Company?

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