Broward Florida 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
• County: Broward
• 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 Broward Florida Certificate of Designation, Preferences and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is an important document that outlines the specific terms and conditions associated with this particular class of stock offered by Onyx Energy Company. This series of preferred stock, known as Series B Junior Cumulative Convertible Preference Stock, provides shareholders with certain rights and preferences that differ from common stockholders. By holding this stock, investors are entitled to distinct privileges and benefits. Some key features and rights associated with the Broward Florida Certificate of Designation of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company include: 1. Cumulative Dividends: Holders of Series B Junior Cumulative Convertible Preference Stock are entitled to receive dividends before any dividends can be paid to common stockholders. These dividends are cumulative, meaning if there are any arbitrages, they must be paid before any dividends can be distributed to common stockholders. 2. Conversion Privilege: Shareholders of Series B Junior Cumulative Convertible Preference Stock has the option to convert their shares into common stock at a predetermined conversion ratio. This allows investors to benefit from potential capital appreciation of the common stock if it exceeds the conversion price. 3. Junior Ranking: Series B Junior Cumulative Convertible Preference Stock is junior to other preferred stock classes and any existing indebtedness. In the event of liquidation, these shareholders will have a lower priority in terms of receiving assets compared to senior classes of preferred stock and debt holders. 4. Protective Provisions: The Broward Florida Certificate of Designation may include certain protective provisions to safeguard the rights of Series B Junior Cumulative Convertible Preference Stockholders. These provisions may include restrictions on the issuance of additional preferred stock or altering the rights of this class of stock without their consent. It's important to note that the Broward Florida Certificate of Designation may vary from other series of preferred stock offered by Onyx Energy Company. Each series may have different preferences, conversion terms, and rights associated with it. Therefore, it is crucial to refer to the specific designation certificate of the desired series to fully understand the rights and benefits available to shareholders.

The Broward Florida Certificate of Designation, Preferences and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is an important document that outlines the specific terms and conditions associated with this particular class of stock offered by Onyx Energy Company. This series of preferred stock, known as Series B Junior Cumulative Convertible Preference Stock, provides shareholders with certain rights and preferences that differ from common stockholders. By holding this stock, investors are entitled to distinct privileges and benefits. Some key features and rights associated with the Broward Florida Certificate of Designation of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company include: 1. Cumulative Dividends: Holders of Series B Junior Cumulative Convertible Preference Stock are entitled to receive dividends before any dividends can be paid to common stockholders. These dividends are cumulative, meaning if there are any arbitrages, they must be paid before any dividends can be distributed to common stockholders. 2. Conversion Privilege: Shareholders of Series B Junior Cumulative Convertible Preference Stock has the option to convert their shares into common stock at a predetermined conversion ratio. This allows investors to benefit from potential capital appreciation of the common stock if it exceeds the conversion price. 3. Junior Ranking: Series B Junior Cumulative Convertible Preference Stock is junior to other preferred stock classes and any existing indebtedness. In the event of liquidation, these shareholders will have a lower priority in terms of receiving assets compared to senior classes of preferred stock and debt holders. 4. Protective Provisions: The Broward Florida Certificate of Designation may include certain protective provisions to safeguard the rights of Series B Junior Cumulative Convertible Preference Stockholders. These provisions may include restrictions on the issuance of additional preferred stock or altering the rights of this class of stock without their consent. It's important to note that the Broward Florida Certificate of Designation may vary from other series of preferred stock offered by Onyx Energy Company. Each series may have different preferences, conversion terms, and rights associated with it. Therefore, it is crucial to refer to the specific designation certificate of the desired series to fully understand the rights and benefits available to shareholders.