Los Angeles California 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: Los Angeles
• 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 Los Angeles California 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, preferences, and rights associated with the Series B junior cumulative convertible preference stock issued by Onyx Energy Company in Los Angeles, California. The Series B junior cumulative convertible preference stock is a unique class of stock offered by Onyx Energy Company, which provides certain advantages and privileges to its holders. It is important to note that this description pertains specifically to the Los Angeles California variant of the certificate, as different regions may have slight variations. Key Features and Keywords: 1. Convertibility: The Series B junior cumulative convertible preference stock offers the option to convert the stock into common shares of Onyx Energy Company at a pre-determined conversion ratio, providing the stockholders with the opportunity to benefit from potential future growth and returns. 2. Cumulative Dividends: Holders of the Series B junior cumulative convertible preference stock are entitled to receive cumulative dividends, meaning that if dividends are not paid in a particular year, they accumulate and must be paid in subsequent years before any dividends can be distributed to common shareholders. 3. Preference in Asset Distribution: In the event of liquidation or winding up of Onyx Energy Company, the holders of the Series B junior cumulative convertible preference stock have a higher priority in the distribution of assets compared to common shareholders. This preference ensures that the stockholders' investments are relatively secure even in adverse scenarios. 4. Junior Status: The Series B junior cumulative convertible preference stock is considered junior to other senior classes of preferred stock issued by Onyx Energy Company. This means that in the event of a liquidation, payments to senior stockholders take precedence over those of junior stockholders. 5. Unique Rights: The Los Angeles California Certificate of Designation may also include additional rights specific to the Series B junior cumulative convertible preference stock, such as voting rights, redemption provisions, or limitations on the issuance of additional shares that could dilute the value of the stock. It is crucial to consult the specific Los Angeles California Certificate of Designation, Preferences, and Rights for Onyx Energy Company to gain a comprehensive understanding of the stock's features, as there may be different variants or newer revisions of the certificate over time.

The Los Angeles California 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, preferences, and rights associated with the Series B junior cumulative convertible preference stock issued by Onyx Energy Company in Los Angeles, California. The Series B junior cumulative convertible preference stock is a unique class of stock offered by Onyx Energy Company, which provides certain advantages and privileges to its holders. It is important to note that this description pertains specifically to the Los Angeles California variant of the certificate, as different regions may have slight variations. Key Features and Keywords: 1. Convertibility: The Series B junior cumulative convertible preference stock offers the option to convert the stock into common shares of Onyx Energy Company at a pre-determined conversion ratio, providing the stockholders with the opportunity to benefit from potential future growth and returns. 2. Cumulative Dividends: Holders of the Series B junior cumulative convertible preference stock are entitled to receive cumulative dividends, meaning that if dividends are not paid in a particular year, they accumulate and must be paid in subsequent years before any dividends can be distributed to common shareholders. 3. Preference in Asset Distribution: In the event of liquidation or winding up of Onyx Energy Company, the holders of the Series B junior cumulative convertible preference stock have a higher priority in the distribution of assets compared to common shareholders. This preference ensures that the stockholders' investments are relatively secure even in adverse scenarios. 4. Junior Status: The Series B junior cumulative convertible preference stock is considered junior to other senior classes of preferred stock issued by Onyx Energy Company. This means that in the event of a liquidation, payments to senior stockholders take precedence over those of junior stockholders. 5. Unique Rights: The Los Angeles California Certificate of Designation may also include additional rights specific to the Series B junior cumulative convertible preference stock, such as voting rights, redemption provisions, or limitations on the issuance of additional shares that could dilute the value of the stock. It is crucial to consult the specific Los Angeles California Certificate of Designation, Preferences, and Rights for Onyx Energy Company to gain a comprehensive understanding of the stock's features, as there may be different variants or newer revisions of the certificate over time.