Fairfax Virginia 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: Fairfax
• 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. Fairfax Virginia Certificate of Designation, Preferences and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company: Onyx Energy Company, based in Fairfax, Virginia, offers the Series B Junior Cumulative Convertible Preference Stock as an investment opportunity to interested parties. This certificate of designation outlines the specific preferences and rights associated with this stock. Key Features and Rights: 1. Conversion Option: Holders of the Series B Junior Cumulative Convertible Preference Stock has the right, at their discretion, to convert their shares into a specified number of common shares of Onyx Energy Company. The conversion rate and terms are outlined in the certificate of designation. 2. Cumulative Dividends: The Series B stockholders will be entitled to receive cumulative dividends, payable quarterly or as determined by the company's board of directors. These dividends accrue even if they are not declared or paid and will be paid before any dividends are distributed to common shareholders. 3. Priority Liquidation Preference: In the event of the company's liquidation, dissolution, or winding up, the holders of Series B stock have a preference over common stockholders. They will receive a specified liquidation preference per share before any distribution is made to common stockholders. 4. Junior Ranking: The Series B Junior Cumulative Convertible Preference Stock ranks junior to any existing or future senior stock or debt obligations of the company. This means that in the event of bankruptcy or winding up, holders of senior securities will have priority in receiving distributions. Naming of Different Types: Within the Fairfax Virginia Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock, there may be different types either designated by specific symbols or featuring slight variations in terms or conditions. These variations can include diverse conversion rates, dividend structures, or liquidation preferences. However, specific naming or types cannot be determined without further context and information directly from Onyx Energy Company or its associated documentation. In conclusion, the Fairfax Virginia Certificate of Designation identifies the specific preferences and rights associated with the Series B Junior Cumulative Convertible Preference Stock offered by Onyx Energy Company. The certificate outlines the conversion options, cumulative dividends, liquidation preference, and the junior ranking of this stock. Different variations or types may exist within this certificate, but without additional information, specific named types cannot be determined.

Fairfax Virginia Certificate of Designation, Preferences and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company: Onyx Energy Company, based in Fairfax, Virginia, offers the Series B Junior Cumulative Convertible Preference Stock as an investment opportunity to interested parties. This certificate of designation outlines the specific preferences and rights associated with this stock. Key Features and Rights: 1. Conversion Option: Holders of the Series B Junior Cumulative Convertible Preference Stock has the right, at their discretion, to convert their shares into a specified number of common shares of Onyx Energy Company. The conversion rate and terms are outlined in the certificate of designation. 2. Cumulative Dividends: The Series B stockholders will be entitled to receive cumulative dividends, payable quarterly or as determined by the company's board of directors. These dividends accrue even if they are not declared or paid and will be paid before any dividends are distributed to common shareholders. 3. Priority Liquidation Preference: In the event of the company's liquidation, dissolution, or winding up, the holders of Series B stock have a preference over common stockholders. They will receive a specified liquidation preference per share before any distribution is made to common stockholders. 4. Junior Ranking: The Series B Junior Cumulative Convertible Preference Stock ranks junior to any existing or future senior stock or debt obligations of the company. This means that in the event of bankruptcy or winding up, holders of senior securities will have priority in receiving distributions. Naming of Different Types: Within the Fairfax Virginia Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock, there may be different types either designated by specific symbols or featuring slight variations in terms or conditions. These variations can include diverse conversion rates, dividend structures, or liquidation preferences. However, specific naming or types cannot be determined without further context and information directly from Onyx Energy Company or its associated documentation. In conclusion, the Fairfax Virginia Certificate of Designation identifies the specific preferences and rights associated with the Series B Junior Cumulative Convertible Preference Stock offered by Onyx Energy Company. The certificate outlines the conversion options, cumulative dividends, liquidation preference, and the junior ranking of this stock. Different variations or types may exist within this certificate, but without additional information, specific named types cannot be determined.