Harris Texas 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: Harris
• 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 Harris Texas Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific terms and conditions related to this specific class of stock offered by Onyx Energy Company based in Harris, Texas. The Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company represents a unique class of shares with its own set of rights and preferences, distinguishing it from other classes of stock within the company. This designation is of utmost importance for investors and stakeholders who possess or may consider acquiring this particular stock. The certificate outlines various key provisions and features associated with the Series B Junior Cumulative Convertible Preference Stock. These provisions can include conversion rights, dividend rights, voting rights, liquidation preferences, and other important aspects that directly affect the shareholder's investment and position within the company. By possessing the Series B Junior Cumulative Convertible Preference Stock, shareholders hold the advantage of having a higher preference in receiving dividends or assets during liquidation over common stockholders, which contributes to increased potential for income and stability. Additionally, these shares may enjoy cumulative dividends, meaning any unpaid dividends accrue and must be paid before dividends can be distributed to other classes of stock. One significant feature of the Series B Junior Cumulative Convertible Preference Stock is its convertibility option. This means that shareholders have the right to convert their shares into a predetermined number of common shares or other designated classes of stock, as specified in the certificate of designation. Convertibility offers investors the potential to benefit from future growth or appreciation of the company's common stock. It's important to note that, while this content focuses specifically on the Harris Texas Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company, there may be other types of certificates of designation, preferences, and rights associated with different classes of stock within the company. These may include Series A, C, or D preference stock, each with its own set of unique features, rights, and preferences as defined in their respective certificates.

The Harris Texas Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company is a legal document that outlines the specific terms and conditions related to this specific class of stock offered by Onyx Energy Company based in Harris, Texas. The Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company represents a unique class of shares with its own set of rights and preferences, distinguishing it from other classes of stock within the company. This designation is of utmost importance for investors and stakeholders who possess or may consider acquiring this particular stock. The certificate outlines various key provisions and features associated with the Series B Junior Cumulative Convertible Preference Stock. These provisions can include conversion rights, dividend rights, voting rights, liquidation preferences, and other important aspects that directly affect the shareholder's investment and position within the company. By possessing the Series B Junior Cumulative Convertible Preference Stock, shareholders hold the advantage of having a higher preference in receiving dividends or assets during liquidation over common stockholders, which contributes to increased potential for income and stability. Additionally, these shares may enjoy cumulative dividends, meaning any unpaid dividends accrue and must be paid before dividends can be distributed to other classes of stock. One significant feature of the Series B Junior Cumulative Convertible Preference Stock is its convertibility option. This means that shareholders have the right to convert their shares into a predetermined number of common shares or other designated classes of stock, as specified in the certificate of designation. Convertibility offers investors the potential to benefit from future growth or appreciation of the company's common stock. It's important to note that, while this content focuses specifically on the Harris Texas Certificate of Designation, Preferences, and Rights of Series B Junior Cumulative Convertible Preference Stock of Onyx Energy Company, there may be other types of certificates of designation, preferences, and rights associated with different classes of stock within the company. These may include Series A, C, or D preference stock, each with its own set of unique features, rights, and preferences as defined in their respective certificates.