Travis 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
• County: Travis
• 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. Travis Texas Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company The Travis 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 attributes, preferences, and rights associated with the Series A junior cumulative preference stock issued by Onyx Energy Company, a prominent energy corporation based in Texas. The Series A junior cumulative preference stock is a specific class of preferred stock offered by Onyx Energy Company to its investors. This type of stock holds certain privileges and preferences over common stockholders, which provides them with a higher claim on the company's assets and earnings in the event of liquidation or bankruptcy. The Travis Texas Certificate of Designation further defines and outlines the specific details of these preferences and rights. This certificate defines the "Travis Texas" as the jurisdiction in which the certificate has been established, signifying that the rights and preferences are legally recognized and respected by the state of Texas. It ensures that investors holding the Series A junior cumulative preference stock have legal protection and recourse under the state's jurisdiction. The preferences and rights associated with the Series A junior cumulative preference stock include: 1. Dividend Priority: Holders of Series A junior cumulative preference stock receive a priority when it comes to dividend payments. They are entitled to receive dividends before any dividends are declared or paid to common stockholders. Additionally, these dividends are cumulative, meaning if they are not paid in any particular period, they accrue and must be paid in the future. 2. Liquidation Preference: In the event of liquidation or bankruptcy, holders of Series A junior cumulative preference stock have a higher claim on the company's assets than common stockholders. They are entitled to receive a predetermined amount per share, typically called the liquidation preference, before any distribution is made to common stockholders. 3. Voting Rights: While preferred stockholders generally do not possess full voting rights, they may have certain limited voting rights, such as the ability to vote on matters that directly affect their preferred stock, such as significant changes to the terms of their preferences and rights. The Travis Texas Certificate of Designation would outline the specific voting rights associated with the Series A junior cumulative preference stock. It is important to note that the Travis Texas Certificate of Designation may vary in specific details depending on the particular class or series of preferred stock issued by Onyx Energy Company. These different series may have unique preferences, rights, and characteristics tailored to the needs of the company or the preference of investors. Examples of other series of preferred stock issued by Onyx Energy Company may include the Series B junior cumulative preference stock, Series C participating preference stock, or Series D convertible preference stock, each with their own specific set of preferences and rights defined in their respective certificate of designation.

Travis Texas Certificate of Designation, Preferences, and Rights of Series A Junior Cumulative Preference Stock of Onyx Energy Company The Travis 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 attributes, preferences, and rights associated with the Series A junior cumulative preference stock issued by Onyx Energy Company, a prominent energy corporation based in Texas. The Series A junior cumulative preference stock is a specific class of preferred stock offered by Onyx Energy Company to its investors. This type of stock holds certain privileges and preferences over common stockholders, which provides them with a higher claim on the company's assets and earnings in the event of liquidation or bankruptcy. The Travis Texas Certificate of Designation further defines and outlines the specific details of these preferences and rights. This certificate defines the "Travis Texas" as the jurisdiction in which the certificate has been established, signifying that the rights and preferences are legally recognized and respected by the state of Texas. It ensures that investors holding the Series A junior cumulative preference stock have legal protection and recourse under the state's jurisdiction. The preferences and rights associated with the Series A junior cumulative preference stock include: 1. Dividend Priority: Holders of Series A junior cumulative preference stock receive a priority when it comes to dividend payments. They are entitled to receive dividends before any dividends are declared or paid to common stockholders. Additionally, these dividends are cumulative, meaning if they are not paid in any particular period, they accrue and must be paid in the future. 2. Liquidation Preference: In the event of liquidation or bankruptcy, holders of Series A junior cumulative preference stock have a higher claim on the company's assets than common stockholders. They are entitled to receive a predetermined amount per share, typically called the liquidation preference, before any distribution is made to common stockholders. 3. Voting Rights: While preferred stockholders generally do not possess full voting rights, they may have certain limited voting rights, such as the ability to vote on matters that directly affect their preferred stock, such as significant changes to the terms of their preferences and rights. The Travis Texas Certificate of Designation would outline the specific voting rights associated with the Series A junior cumulative preference stock. It is important to note that the Travis Texas Certificate of Designation may vary in specific details depending on the particular class or series of preferred stock issued by Onyx Energy Company. These different series may have unique preferences, rights, and characteristics tailored to the needs of the company or the preference of investors. Examples of other series of preferred stock issued by Onyx Energy Company may include the Series B junior cumulative preference stock, Series C participating preference stock, or Series D convertible preference stock, each with their own specific set of preferences and rights defined in their respective certificate of designation.